Binance, the world’s largest cryptocurrency exchange, has just announced the listing of Bio Protocol’s crypto BIO token as its 63rd project on the Binance Launchpool.
Binance, the world’s largest cryptocurrency exchange, has just onboarded its 63rd project on Launchpool – the Bio Protocol’s $BIO token. This new addition to the Binance Launchpool allows users to lock their BNB and FDUSD for the next ten days to farm $BIO tokens, a key step in enhancing decentralized science (DeSci) adoption. The BIO token is expected to expand across major networks, including Solana and Base, shortly.
Overview of Bio Protocol and Crypto BIO Token
Bio Protocol is a decentralized scientific research ecosystem that utilizes blockchain for funding and collaboration. Incubated several scientific initiatives and has successfully raised more than $70 million in DAOs.
The BIO token will soon expand its presence to the Solana and Base networks to further boost adoption.
Bio Protocol’s Crypto $BIO Token: Farming Details & Listing
Starting from December 24, 2024, users can farm BIO tokens by locking their BNB and FDUSD for ten days, concluding on January 2, 2025. The total allocation for the Binance Launchpool is 99.6 million BIO tokens, representing 3% of the total Genesis supply.
Users can expect daily distributions of approximately 9.96 million crypto BIO tokens, divided between BNB and FDUSD pools at an 85% to 15% ratio.
Listing and trading Crypto $BIO Token under the brand Bio Protocol will launch on January 3, 2025. The trading pairs will start from launch in BIO/USDT, BIO/BNB, BIO/FDUSD, and BIO/TRY. This is going to inject a stream of liquidity as well as make access to markets even better for investors who care about this movement about funding for projects under DeSci.
Diving deeper into Crypto $BIO Tokenomics by Bio Protocol
The company, Bio Protocol, reserved the highest percentage share of its dollar BIO tokens for the community and its ecosystem with 56% in total supply. Of that, the company reserved 25.4% for early contributors and 18.6% for early backers.
Contributors will have a lockup of more than six years; in the case of the early backers, they shall enjoy the right the vest tokens for a period of four to six years with a cliff of one year.
99.6 million $BIO tokens, representing 3% of the total issuance will be distributed to mint Binance Launchpool. For the BNB and FDUSD pools, 9.96 million $BIO tokens are shared daily at a ratio of 85% to 15%.
There is a limit of hours for the users: 35,275 $BIO tokens per hour in the BNB pool and 6,225 $BIO tokens per hour in the FDUSD pool.
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The Future of Bio Protocol’s Crypto $BIO Token
Expansion of DeSci with BIO Token: Bio Protocol is one of the leading firms in the DeSci movement, offering a platform for scientific research and innovations through its BioDAO platform. The BioDAO platform has already launched several scientific projects, raising millions in funding. This platform will expand with the $BIO token to include eight different DAOs, such as AthenaDAO, CerebrumDAO, and HairDAO.
Future Network Integrations: As the token continues to grow within the Binance ecosystem, its extension will be extended to both the Solana and Base networks. The further incorporation into mainstream adoption of DeSci DAOs for even more scientific projects means this technology is being extended toward more significant incorporation within blockchain networks.
Conclusion: Launching $BIO on the Binance Launchpool is a great first step towards taking DeSci into the scientific community in a blockchain-enabled way. With robust support from Binance, a $70 million funding record, and expansion plans across major networks like Solana and Base, $BIO is up for the ride of giant growth. This step will open the gate to wonderful opportunities for both investors and scientists who might want to participate in breakthrough projects, which may in the long run shape future scientific research and development.
Therefore, those interested in joining this farm to B$ are free to enter at any given time and lock that BNB, as well as FDUSD to play out the growing decentralized economy science.
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