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Io.net CEO Ahmad Shadid Steps Down amid Token Launch Preparation
Io.net, the Solana-based decentralized infrastructure provider, is gearing up for the launch of its native token on Binance Launchpad. The launch is slated for Tuesday, June 11, as part of its plans to become the world’s largest AI compute network.
Amid the enthusiasm, however, the firm has replaced its CEO and co-founder Ahmad Shadid. Shadid, who shared the announcement via his X account, detailed the circumstances surrounding his departure, while also naming fellow co-founder and former COO Tory Green as his replacement.
Ahmad Shadid Shares Reasons for Stepping Down
In an attempt to clear the air and put some speculations about his departure to bed, Shadid has issued an explanation for his decision. He says that the firm remains dedicated to growth and success, and that’s all that the decision is about. His X post reads in part:
“While there have been allegations regarding my past, I want
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