Binance will list the new token BIO, get ahead and understand the future layout!
A ten-day mining period is expected, with trading opening on January 3, 2025, at 18:00.
BIO Protocol is a project dedicated to promoting decentralized science (DeSci). It aims to change the way scientific research and development are conducted by creating a blockchain-based governance and liquidity protocol. This protocol provides a platform for research projects where scientists, investors, and other stakeholders can collaborate in a transparent and decentralized environment.
Key Points about BIO Protocol:
- Decentralized Governance: Through smart contracts and governance voting mechanisms of token holders, BIO Protocol seeks to reduce reliance on central authorities and enable community members to participate in decision-making.
- Liquidity Support: Providing funding liquidity and investment opportunities for research projects, ensuring that early-stage research can also obtain necessary resources and support.
- Open Science: Promote open access to research data, encourage interdisciplinary collaboration, and accelerate knowledge sharing and technological advancement.
- Incentive Mechanism: Various reward systems are designed to attract and retain talent while ensuring that high-quality work is recognized and rewarded.
BIO Token (BIO)
BIO is the native functional token of BIO Protocol, mainly used for the following purposes:
- Governance: Holding BIO tokens grants users the right to participate in protocol governance, such as proposing and voting.
- Payment: Used to pay for service fees provided on the platform, such as publishing new projects or accessing certain features.
- Staking: Allows users to lock their tokens in the protocol to earn additional rewards or gain other privileges.
- Liquidity Mining: Rewards for liquidity providers, encouraging users to add liquidity to trading platforms.
Token Economics of BIO Protocol:
- Total supply of genesis tokens: 3,320,000,000 tokens.
- Maximum token supply (can be increased through network governance): 3,320,000,000 tokens.
The expected initial circulating supply when listed on Binance is 1,296,529,168 tokens, which constitutes about 39.05% of the total supply of genesis tokens.
As of the latest announcement, the circulating supply of BIO tokens is approximately 1,296,529,168 tokens. It's important to note that the actual circulating supply may change over time as more tokens may gradually enter the market through various distribution mechanisms, such as unlocking rewards for early contributors, growth of the ecosystem, etc.
In summary, the future growth of BIO Protocol depends on its ability to successfully leverage blockchain technology to innovate the funding and collaboration models of scientific research, attract global community participation through decentralized science (DeSci), and achieve more transparent and democratized research funding distribution.