"224 Million Ionet (IO) Deposited to Binance... Worth Approximately 8.4 Billion KRW"
Minseung Kang
Summary
- It was reported that approximately 8.4 billion KRW worth of Ionet (IO) tokens were deposited into the Binance exchange.
- Ionet is said to be a DePIN project providing a decentralized computing network based on Solana.
- IO is reported to be a utility token used for GPU rental, rewards, and staking.
A large amount of Ionet (IO) tokens has been deposited into the Binance exchange.
According to the blockchain analysis platform Arkham Intelligence, 2.24 million IO were deposited into Binance at around 13:32 on the 1st. This is approximately 5.8 million USD (about 8.4 billion KRW).
Ionet is a DePIN (Decentralized Physical Infrastructure Network) project that provides a decentralized computing network based on Solana, offering services that utilize computing resources as assets. IO is a utility token used in the Internet of GPU network, serving as a means of reward for GPU rental and supply, and for staking purposes.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.![Dow Tops 50,000 for First Time Ever as “Oversold” Narrative Spreads [New York Stock Market Briefing]](https://media.bloomingbit.io/PROD/news/1c6508fc-9e08-43e2-81be-ca81048b8d11.webp?w=250)
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