The BIO token serves multiple functions within the BIO Protocol ecosystem:
Curation: Enables token holders to select which are launched via the BIO Launchpad, influencing the network's development.
Network : Represents a collection of tokens, with contributing a portion of their initial token supply to the protocol in exchange for support services.
Protocol-Owned Liquidity: BIO Protocol maintains liquidity with tokens and IP-Tokens in its treasury, earning trading fees from its holdings.
Binance Launchpool Details:
BIO Protocol was introduced as the 63rd project on Binance Launchpool, allowing users to stake BNB, TUSD, and FDUSD to farm BIO tokens over a 30-day period starting from December 24, 2024.
Launchpool Allocation: 99,600,000 BIO (3% of total token supply)
Initial Circulating Supply at Listing: Approximately 1,296,529,168 BIO (39.05% of total token supply)
Total Token Supply: 3,320,000,000 BIO
Recent Developments:
As of January 2025, BIO Protocol has achieved several milestones:
BIO Genesis Auctions: Successfully conducted multiple funding rounds, raising substantial capital to support biotech projects.
BioDAO Launches: Eight DAOs have participated in the BIO acceleration program, collectively achieving a market cap exceeding $300 million.
Liquidity Protocol: Established a Total Value Locked (TVL) exceeding $50 million in BioDAO tokens and ETH, fostering liquidity for DeSci initiatives. .
To learn how to farm BIO tokens on Binance, you might find the following video helpful: