Binance Launchpool has launched the 63rd project - BIO Protocol (BIO), a decentralized science (DeSci) governance and liquidity protocol.
- Basic Information: The token name is BIO, with a maximum initial supply of 3.32 billion tokens, an initial circulating supply of 1.296529168 billion tokens, accounting for 39.05% of the total initial token supply, which can be increased through network governance.
- Wide Usage: Can be used to select biodao to join the bio protocol program; priority participation in biodao token sales and IP token sales; obtain discounts on biodao health products/services; participate in meta-governance within biodao; vote on BIO issuance, fund allocation, and protocol updates, etc.
- Project Background and Goals: Bio Protocol is a non-profit organization that serves as the financial layer of DeSci, aiming to accelerate the influx of capital and talent into on-chain science, utilizing blockchain technology to change the financing and commercialization of early-stage scientific research, powering preclinical research, and promoting biotechnological innovation, especially in underfunded areas such as rare diseases and mental health.
- Financing Situation: On August 20, 2024, Bio Protocol completed a $6.22 million first round genesis auction financing, exceeding the original target of about $5 million.
- Trading Launch: Binance's new coin pool has launched BIO Protocol, and users can mine BIO by locking BNB and FDUSD. Trading for BIO/USDT, BIO/BNB, BIO/FDUSD, and BIO/TRY will commence on January 3, 2025, at 10:00 (UTC).$BNB