Binance has introduced its 63rd project on Binance Launchpool, Bio Protocol (BIO), a decentralized science (DeSci) project applying blockchain technology to financially support research related to biomedicine. The platform's website will be available for 12 hours, just before the Launchpool begins.
Users can stake BNB and FDUSD in separate pools, allowing them to farm BIO tokens for 10 days. The farming process will start at 07:00 on 24/12/2024 (Vietnam time).
Important dates and trading pairs
BIO token is expected to be listed on Binance at 17:00 on 03/01/2025 (Vietnam time) with trading pairs BIO/USDT, BIO/BNB, BIO/FDUSD, and BIO/TRY. Additionally, Seed Tag will be applied to BIO.
Detailed information about Launchpool BIO:
Token name: Bio Protocol (BIO)
Total maximum token supply: 3,320,000,000 BIO
Total token supply at Genesis: 3,320,000,000 BIO
Launchpool rewards: 99,600,000 BIO (3% of total genesis token supply)
Initial circulating supply when listed on Binance Spot: 1,296,529,168 BIO (39.05% of total genesis token supply)
Staking terms: Identity verification required (KYC)
Hourly hardcap per user: 35,275 BIO in the BNB pool and 6,225 BIO in the FDUSD pool.
Supported pools and farming duration
Stakeholders can participate in 2 supported pools:
Stake BNB: Provide rewards of 84,660,000 BIO (85%)
Stake FDUSD: Provide rewards of 14,940,000 BIO (15%)
Farming duration from 07:00 on 24/12/2024 to 6:59 on 03/01/2025 (Vietnam time).
Daily BIO distribution
During the farming period, daily distribution of BIO on the pools as follows:
Total daily rewards: 9,960,000 BIO
Daily rewards of the BNB pool: 8,466,000 BIO
Daily rewards of the FDUSD pool: 1,494,000 BIO
What is Bio Protocol (BIO)?
BIO Protocol (BIO) is a pioneering protocol that is changing the way early-stage scientific research is funded and commercialized through blockchain technology.
BIO can be seen as Y Combinator for on-chain science. This platform creates opportunities for a global community of scientists, patients, and investors to collaboratively fund, develop, and co-own new therapies and drugs through decentralized autonomous organizations in the biotech sector (BioDAO). BIO's innovative approach addresses significant gaps in traditional scientific funding, especially in areas like rare disease research, longevity studies, and emerging health challenges.
Currently, BIO's network includes seven BioDAOs, each focusing on different areas, including cryopreservation, women's health, and hallucinogenic drugs in the treatment of mental illnesses. The next project of the protocol will focus on accelerating the healing process for long COVID and rare diseases while developing quantum microscopes to study biological phenomena at the quantum level. These initiatives promise to expand the reach and impact of community-led science, providing significant opportunities for progress in the fields of medicine and science.
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