Binance’s Christmas Eve Launchpool has arrived, and this time it’s something truly groundbreaking. While many are familiar with terms like DeFi (Decentralized Finance), DePIN (Decentralized Physical Infrastructure Network), and DeID (Decentralized Identity), the spotlight now shifts to DeSci (Decentralized Science). As the name implies, DeSci applies decentralized technologies to the scientific field, and the Bio Protocol project, set to debut on Binance Launchpool, is leading the charge.
Bio Protocol aims to revolutionize funding for biological and medical research by replacing traditional financial systems with decentralized solutions. It connects scientists, patients, and investors globally, focusing on critical areas such as rare diseases, brain health, mental disorders, and cell preservation. This pioneering platform bridges biotechnology and blockchain, facilitating funding, intellectual property management, and ownership in scientific research.
The project introduces BioDAOs (Decentralized Autonomous Organizations) dedicated to specific research areas, including COVID research and cell preservation technologies. With a vision to expand into rare disease treatments, mental health therapies, and climate-saving synthetic biology, Bio Protocol’s market potential is projected to surpass $1 trillion.
Through its decentralized ecosystem, Bio Protocol not only manages financial operations but also fosters collaboration among researchers and patients. Communities within BioDAOs can co-own and monetize intellectual property via IP-NFTs, ensuring transparency and equitable profit-sharing for innovations.
Backed by investors like Binance Labs and Pfizer Ventures, Bio Protocol is Binance Labs’ first venture into the DeSci space, making it a project to watch closely.
BIO Token and Launchpool Details
The native token, BIO, will power the Bio Protocol platform, with a total supply capped at 3.32 billion. The allocation includes:
56% for the community
20% for community auctions
6% for airdrops
25% for ecosystem rewards
5% for the Molecule Ecosystem Fund
13.6% for investors
21.2% for core contributors
4.2% for advisors
For the Binance Launchpool, 3% of the initial token supply will be available for farming from December 24, 2024, 6:30 AM UTC to January 2, 2025, 6:30 AM UTC. The BNB pool offers 84,660,000 BIO, while the FDUSD pool provides 14,940,000 BIO. Users staking BNB can earn up to 35,275 BIO/hour, and those staking FDUSD can earn up to 6,225 BIO/hour.
BIO tokens will be listed on Binance Spot starting January 3, 2025, with no pre-market trading.
Good news for BNB stakers: if your BNB is already locked, you can still participate in the Launchpool without redeeming your locked assets. Don’t miss out on this opportunity to support a game-changing project!