Blog>
Bitget Announces PoolX Listing of IO Net (IO) to Boost Decentralized ML Application Development
Bitget Announces PoolX Listing of IO Net (IO) to Boost Decentralized ML Application Development
Press release
Victoria, Seychelles, June 11, 2024 – Bitget, the leading cryptocurrency exchange and Web3 company, is excited to announce the latest offering on its
PoolX staking platform: IO Net (IO). This listing marks another step forward in Bitget's mission to provide innovative and high-yield opportunities for its users.
IO Net is a decentralized computing network that supports the development, execution, and scaling of machine learning (ML) applications on the
Solana blockchain. By leveraging the world's largest GPU cluster, IO Net allows ML engineers to access distributed cloud service computing power at a fraction of the cost of centralized services. With a verified node count of 52,981 and an anticipated airdrop reaching at least 50,000 participants, IO Net aims to revolutionize the landscape of AI computing.
Since its inception, IO Net has raised $30 million in funding, led by Hack VC and backed by prominent investors such as Multicoin Capital, 6th Man Ventures, M13, Delphi Digital, Solana Labs, Aptos Labs, and Animoca Brands. This funding will support the development of the largest decentralized GPU network to address the global shortage of AI computing resources.
IO has a fixed supply of 800 million tokens, with 300 million tokens gradually emitted for suppliers and stakers who contribute to
io.net's decentralized AI computing network. Rewards will be distributed over a 20-year period, starting with an 8% deflation rate in the first year and decreasing gradually until the 800 million cap is reached. Through PoolX of Bitget, the IO token can enlarge the distribution of IO to a larger community, thereby promoting the decentralization of the network.
PoolX, Bitget's cutting-edge staking platform, continues to revolutionize the crypto landscape by distributing rewards hourly based on staked amounts. Unlike most decentralized staking products, PoolX allows users to effortlessly earn popular tokens by staking stable and trusted cryptocurrencies such as BGB,
BTC, ETH and USDT. Since its debut on April 8, PoolX has launched over 20 high-profile projects, offering an annual percentage rate (APR) ranging from 10% to 45%, enabling users to accumulate substantial earnings within the high upper staking limit.
With IO Net's listing on PoolX, Bitget users can now stake their mainstream cryptocurrencies and earn IO tokens, contributing to the growth of decentralized machine learning solutions. This new listing underscores Bitget's commitment to offering innovative financial products that cater to the evolving needs of the crypto community.
About Bitget
Established in 2018,
Bitget is the world's leading
cryptocurrency exchange and Web3 company. Serving over 25 million users in 100+ countries and regions, the
Bitget exchange is committed to helping users trade smarter with its pioneering
copy trading feature and other trading solutions. Formerly known as BitKeep,
Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel
Messi and official eSports events organizer PGL. For more information, visit:
Website |
Twitter |
Telegram |
LinkedIn |
Discord |
Bitget Wallet For media inquiries, please contact:
media@bitget.com
2024-06-11
Bitget Partners with Three Turkish National Athletes under the #MakeItCount CampaignHow to buy BTCBitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade nowRecommended
Press releaseBitget Reports 131% Reserve Ratio in September Proof of Reserves UpdateVictoria, Seychelles, September 30, 2026 — Bitget, the world’s largest Universal Exchange (UEX), has published its latest Proof of Reserves (PoR), marking its 47th PoR update since the initiative was introduced in December 2022. Based on the snapshot taken at 09:00 (UTC) on September 29, 2026, Bitget recorded an overall reserve ratio of 131%, with reserves remaining above the 1:1 benchmark for covered user assets. The latest snapshot reports reserve ratios across 19 assets, with all covered asse2026-09-29
Press releaseBitget Launches Alliance Program to Share 30% of Trading Fee Revenue With UsersVictoria, Seychelles, September 29, 2026 — Bitget, the world’s largest Universal Exchange (UEX), has launched the Bitget Alliance Program, a four-week initiative that will establish a user reward pool equivalent to 30% of eligible platform transaction fee revenue. The program is designed to recognize users following a challenging period for the platform and the trust and support shown by the Bitget community. Running from September 28, 2026, 8:00 AM to October 26, 2026, 8:00 AM (UTC), the Allian2026-09-29
Press releaseBitget's Multi-Asset KCGI 2026 Draws More Than 83,000 TradersVictoria, Seychelles, September 23, 2026 — Bitget, the world's largest Universal Exchange (UEX), has concluded the 2026 King's Cup Global Invitational (KCGI), with more than 83,000 traders across 320 teams taking part in the competition from September 9 to 22. For the first time, KCGI expanded beyond crypto into a multi-asset arena spanning crypto futures, TradFi perpetuals and tokenized U.S. stocks, with a total promotion pool of up to 3 million USDT. This year's KCGI put Bitget's Universal Exc2026-09-23
We offer all of your favorite coins！
Buy, hold, and sell popular cryptocurrencies such as BTC, ETH, SOL, DOGE, SHIB, PEPE, the list goes on. Register and trade to receive a 6200 USDT new user gift package!
Trade nowHow to buy BTCBitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now