Binance has revealed the latest project to be listed on Launchpool this year, $BIO. Bio Protocol is the 63rd project in the Launchpool series, which allows users to obtain new cryptocurrencies for free by staking specific currencies such as BNB and FDUSD.
BIO will be listed on Binance on January 3, 2025. But before the listing, you can take advantage of the Launchpool to get the coin before the listing. In this article, I will explain all the details.
What is the Bio Protocol project?
The BIO Protocol project is a platform that aims to enable decentralized science (DeSci) funding that will open new horizons for innovation in biotechnology and facilitate access to scientific funding.
The project enables scientists and investors to collaborate to fund, build and own biotechnology projects and intellectual property. BIO Protocol seeks to solve many problems such as slow funding processes that consume scientists’ time, the difficulty of turning early discoveries into commercial applications, in addition to the concentration of funding in limited geographic areas and the complexity of intellectual property rights.
What is $BIO coin?
The $BIO coin is considered the main coin of the project and the ecosystem, as it has many uses, the most prominent of which are:
Governance: The currency enables governance rights and voting on important decisions that determine the future of the project.
Exclusive Participation: Owning the token gives you exclusive access to funding BIODAOs.
Governance: Owning the currency allows users to choose which BioDAOs are launched and have incentives.
BIO details of his work?
Total supply: 3,320,000,000 pieces.
Total supply at listing: 1,296,529,168 units (39.05% of total supply).
Launchpool Allocation for Binance: 99,600,000 tokens (3% of total supply).
How to get BIO coin for free?
BIO's Launchpool will allow Binance users to earn BIO for free by staking BNB and FDUSD.
Launchpool Details:
Participation period: from December 25, 2024 to January 3, 2025.
Total daily rewards: 9,960,000 gems.
Daily BNB rewards for participants: 8,466,000 BNB (85% of total rewards).
Daily FDUSD rewards for participants: 1,494,000 coins (15% of total rewards).
How to participate in Launchpool?
To participate in Launchpool:
Log in to your Binance account.
Head over to the Launchpool page and search for the BIO project.
Choose the currency you want to store (BNB or FDUSD).
Select the amount you want to store, and the rewards will start appearing in your account automatically.
Once the Launchpool period is over, you will be able to redeem the coins you staked along with the rewards you earned.
BIO Listing on Binance
After the Launchpool ends, BIO will be listed on Binance on January 3 at 1pm Mecca time. The listing will be on 4 trading pairs:
BIO/USDT
BIO/BNB
BIO/FDUSD
BIO/TRY