Ahmad Shadid has resigned as CEO of io.net, a decentralised physical infrastructure network (DePIN) protocol, to ensure the company's growth without distraction, despite past allegations against him.

COO Tory Green will take over as CEO, pledging to continue Shadid's vision of making io.net a leading AI compute network.

Shadid also announced a donation of one million IO tokens to the Internet of GPUs Foundation.

The io.net token, IO, is set to launch on Binance Launchpool, with Shadid addressing concerns about potential token dumping by stating his tokens are locked for four years.