Binance has recently introduced its 63rd project on Launchpool, Bio Protocol (BIO), a curation and liquidity protocol that aims to bolster the field of Decentralized Science (DeSci). This initiative offers users the opportunity to farm BIO tokens by locking Binance Coin (BNB) and FDUSD, thus enabling users to earn rewards in the form of BIO tokens.
The Launchpool farming for BIO tokens will commence on December 24, 2024, at 03:00 and will continue for a duration of 10 days until 02:00 on January 3, 2025. Participants who lock BNB and FDUSD during this period will be eligible to receive BIO tokens as rewards. The listing and trading of BIO tokens will take place on January 3, 2025, at 1:00 PM, with trading pairs including BIO/USDT, BIO/BNB, BIO/FDUSD, and BIO/TRY.
The tokenomics of Bio Protocol’s BIO tokens include a maximum token supply of 3,320,000,000 BIO, with an initial circulating supply of 1,296,529,168 BIO. Launchpool rewards will consist of 99,600,000 BIO, equivalent to 3% of the genesis token supply. The supported network for BIO tokens is Ethereum, with a corresponding contract address provided.
Participants in the BIO Launchpool can choose between two prize pools: the BNB Pool, which is allocated 84,660,000 BIO (85% of rewards), and the FDUSD Pool, which is allocated 14,940,000 BIO (15% of rewards). To qualify for participation, users must undergo KYC verification to Binance’s satisfaction, with fixed hourly limits in place to ensure fair distribution among participants.
A detailed research report on Bio Protocol will be accessible approximately 12 hours before the Launchpool commences. The official webpage for staking and additional details will also be live during this period. Binance’s support of innovative blockchain projects like Bio Protocol demonstrates the platform’s commitment to driving growth in specialized sectors such as Decentralized Science.
In conclusion, the introduction of Bio Protocol on Binance’s Launchpool signifies a strategic move towards supporting emerging projects in the field of Decentralized Science. By offering users the opportunity to farm BIO tokens through the locking of BNB and FDUSD, Binance is empowering participants to engage with and contribute to the growth of innovative blockchain projects. The launch demonstrates Binance’s dedication to fostering growth and development within niche sectors, while providing users with a platform to engage with new and exciting opportunities in the cryptocurrency space.
