Binance has introduced Bio Protocol (BIO) as the 63rd project on its Launchpool platform, focusing on Decentralized Science (DeSci). Users can earn BIO tokens by staking BNB or FDUSD during the farming period from December 24, 2024, 00:00 (UTC) to January 2, 2025, 23:59 (UTC).
Farming Details:
Total Rewards: 99.6 million BIO tokens (3% of the total genesis supply).
Supported Pools:
BNB Pool: 84.66 million BIO tokens (85% of total rewards).
FDUSD Pool: 14.94 million BIO tokens (15% of total rewards).
Daily Reward Distribution:
Total: 9.96 million BIO tokens.
BNB Pool: 8.466 million BIO tokens.
FDUSD Pool: 1.494 million BIO tokens.
How to Participate:
1. Complete KYC: Ensure your Binance account has completed the Know Your Customer (KYC) verification process.
2. Stake Tokens:
Navigate to the Binance Launchpool.
Select the BIO farming pools.
Stake your BNB or FDUSD tokens in the respective pools.
3. Earn Rewards: BIO tokens will be distributed daily based on your staked amount relative to the total staked in the pool.
4. Redeem Tokens: After the farming period ends, you can redeem your staked tokens along with the earned BIO rewards.
Token Listing:
Listing Date: January 3, 2025, at 10:00 (UTC).
Trading Pairs: BIO/USDT, BIO/BNB, BIO/FDUSD, and BIO/TRY.
Initial Circulating Supply: Approximately 1.296 billion BIO tokens (39.05% of the total genesis supply).
Additional Information:
Maximum Token Supply: 3.32 billion BIO tokens (subject to governance changes).
Network: Ethereum.
Contract Address: 0xcb1592591996765Ec0eFc1f92599A19767ee5ffA.
Please be aware of potential scams or false advertisements regarding BIO tokens before the official listing on January 3, 2025. Participate only through official Binance channels to ensure the security of your funds.
For more details, refer to the official Binance announcement.