Manila Times Business
io.net to Burn Up to 12M Tokens as Network Closes $8M Deal and Hits 4 Billion Daily AI Tokens
Decentralized GPU network launches demand-driven tokenomics backed by record revenue and AI inference volume on its third anniversary NEW YORK, June 11, 2026 (GLOBE NEWSWIRE) -- io.net, the world's largest decentralized GPU network, today announced it expects to burn a minimum of 12 million $IO tokens over the coming year as part of its new Incentive Dynamic Engine (IDE) - a tokenomics model that permanently destroys tokens based on real customer revenue. The first burn takes place today, June 1
This is an excerpt. Read the full article at the original source:
Source: manilatimes.net
Read Full Article on manilatimes.net →More from Manila Times Business
Ambros Therapeutics Appoints Cris Calsada as Chief Financial Officer and Claire Padgett, Ph.D., as SVP of Clinical Operations and Program Management
Just now
Manganese X Energy to Present at the June 16 Energy & Precious Metals Virtual Investor Summit
Just now
Energy & Precious Metals Virtual Investor Summit Agenda Announced for June 16th
Just now
WatchMatic Highlights Market Trends Influencing Luxury Watch Investment Strategies
Just now