Solana's DePIN CEO resigns amid speculation before token launch

Full story: https://grafa.com/news/solana-s-depin-ceo-resigns-amid-speculation-before-token-launch-233950

Ahmad Shadid, CEO of Solana-based (CRYPTO:SOL) DePIN Protocol io.net, stepped down just days before the launch of the project's token, IO.

Shadid cited the decision as being in the best interest of the community and pledged to donate 1 million IO tokens to io.net's GPU foundation.

The crypto community had mixed reactions, with some expressing scepticism due to past allegations against Shadid, while others believed it was a necessary step for the project's future.

Despite concerns, Tory Green has taken over as CEO, affirming the project's commitment to becoming a leading AI compute network accessible to all.

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