Solana ecological DePIN protocol io.net plans to launch a points reward program on March 1 and is expected to launch IO tokens at the end of April
The DePIN protocol io.net based on Solana will launch the first phase of its reward program called Ignition on March 1st and it will last until April 28th. This program will reward points based on the GPU provided by users to the network.
When asked if the reward points will be converted to io.net's native token IO, io.net's founder and CEO Ahmad Shadid refused to comment, but he stated that the token is expected to be launched on April 28th.
io.net stated that the upcoming Ignition reward program is the first step towards io.net's decentralization and transferring governance to the community. (The Block)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Days Gone director speaks up after Sony cancels Bend Studio game
Share link:In this post: Days Gone director empathizes with Bend Studio developers. The director still wishes good for the studio despite quitting in 2020. His comments came after the cancellation of Bend Studio’s live-service project.
Ethereum Foundation prepares to join DeFi with 50,000 ETH
Share link:In this post: The Ethereum Foundation aims to find alternatives to selling ETH to cover expenses, looking into Aave lending. The Foundation received community feedback for being too conservative, instead seeking ways to secure passive income through staking or DeFi. The Ethereum Foundation has not funded new projects since 2023, after setting up grants for 17 crypto startups.
Ethereum Faces a Critical Test: Can Rollblock and XRP Lead the Next Rally?
Trending news
MoreCrypto prices
More
