Io.net CEO departs 2 days before token launch

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Ahmad Shadid departs as io.net CEO two days before the project’s IO token launch.

Ahmad Shadid, one of the founders of io.net, left “effective immediately” but said it wasn’t related to allegations regarding his past.io.net, which lets users rent out GPU power for money, replaced its CEO two days before the project’s token launch.

Ahmad Shadid, one of the founders of io.net, left “effective immediately” and was replaced by fellow founder and former chief operating officer Tory Green."While there have been allegations regarding my past, I want to emphasize that I am stepping down as CEO to allow io.net to move forward without distraction and to focus on its growth and success," Shadidon Binance’s Launchpool on June 11 at 12:00 am UTC.

Shadid also said he would personally contribute one million IO tokens toward the firm’s Internet of GPUs Foundation to “help grow the ecosystem.” The departing CEO didn’t explain whether he would remain connected to the io.net ecosystem. Cointelegraph reached out to io.net but did not receive an immediate response.“We remain unwavering in our mission to build the world’s largest decentralized AI compute network and expect to focus heavily on acquiring and retaining suppliers and onboarding new customers.

 

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