Introducing Bio Protocol (BIO) on Binance Launchpool
Binance has announced Bio Protocol (BIO) as the 63rd project on its Launchpool, offering users the opportunity to stake
$BNB and FDUSD to earn BIO tokens.
What is Bio Protocol?
Bio Protocol is a decentralized science (DeSci) platform aimed at revolutionizing biotechnology innovation. It enables global communities of patients, scientists, and biotech professionals to collaboratively fund, develop, and own tokenized biotech projects and intellectual property (IP).
Key Features of Bio Protocol:
Curation: BIO token holders can vote on new BioDAOs joining the ecosystem.
Funding: Approved BioDAOs receive support from vBIO stakers with early access to pre-seed funding rounds.
Liquidity: BIO facilitates liquidity management for BioDAOs by pairing BIO tokens with BioDAO tokens in liquidity pools.
Rewards: Incentives in BIO tokens are awarded to BioDAOs reaching specific milestones.
Meta-Governance: BIO holders participate in the governance of BioDAOs by holding their tokens and making decisions on scientific IP assets.
Binance Launchpool Details:
Farming Period: December 23, 2024, to January 2, 2025.
Total Token Rewards: 99.6 million BIO (3% of total genesis token supply).
Staking Options:
$BNB Pool: 85% of rewards.
FDUSD Pool: 15% of rewards.
Hourly Caps:
BNB Pool: Up to 35,275 BIO per hour.
FDUSD Pool: Up to 6,225 BIO per hour.
Users can stake their BNB or FDUSD tokens to earn BIO rewards during this period. Staked tokens can be withdrawn at any time, while users continue to earn BIO rewards.
Upcoming Listing:
BIO is scheduled to be listed on Binance on January 3, 2025, with trading pairs including BIO/USDT, BIO/BNB, BIO/FDUSD, and BIO/TRY.
How to Participate:
1. Log in to your Binance account.
2. Navigate to the Launchpool section.
3. Select the BNB or FDUSD pool.
4. Stake your tokens to start earning BIO rewards
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