What is BIO?
BIO is a token related to the curation and liquidity of the Decentralized Science (DeSci) segment, decentralized science in the Portuguese translation, a concept focused on the use of blockchain in favor of a more open, collaborative and incentivized science.
BIO on Binance
Binance has announced a new Launchpool round, this time focused on the emerging Decentralized Science (DeSci) sector. The chosen project is Bio Protocol (BIO), which will be available for farming starting December 24.
This initiative allows users to receive free cryptocurrencies by locking up tokens such as BNB and FDUSD. Bio Protocol is the 63rd project listed on Binance Launchpool and has been gaining attention for being a pioneer in the DeSci space.
The BIO token will be available for trading starting January 3, 2025, but before that, users will be able to enjoy 10 days of farming. During this period, Binance will distribute 99.6 million BIO tokens, equivalent to 3% of the total supply.
The distribution system prioritizes equity. Thus, 85 million BIO will be allocated to users who block BNB, while 14.9 million will go to those who use FDUSD.
Additionally, Binance will implement hourly caps to prevent large investors from dominating allocations, ensuring opportunities for all.