Binance, the world's largest cryptocurrency exchange, has announced its selection for the 63rd Launchpool project. On December 23, the platform revealed that **Bio Protocol (BIO)**, a curation and liquidity protocol designed for Decentralized Science (DeSci), will take the spotlight in this initiative.
The announcement detailed that the new altcoin BIO will be listed under the "Seed Tag" label starting at 13:00 UTC on January 3. Trading pairs for BIO will include BIO/USDT, BIO/BNB, BIO/FDUSD, and BIO/TRY.
Launchpool participants can begin farming BIO on December 24 at 03:00 UTC**, with the farming period lasting for ten days. To earn BIO, users will need to stake either **BNB or FDUSD** tokens.
Reward Distribution
Out of BIO's total supply of **3.32 billion tokens**, 3% will be allocated as rewards through Launchpool. The rewards will be distributed across two distinct pools:
- BNB Pool: Accounts for 85% of the rewards, offering 84.66 million BIO tokens.
- FDUSD Pool: Accounts for 15% of the rewards, distributing 14.94 million BIO tokens.
Binance assured its users that the Bio Protocol project page will go live within 12 hours, providing additional information about the initiative.
This move underscores Binance's continued efforts to support innovative blockchain projects, particularly those advancing decentralized scientific research and applications.