Leading crypto exchange Binance announced the launch of Bio Protocol.
Binance users can start farming BIO tokens from December 24, 2024.
Being the largest crypto exchange across the globe, Binance is never short of token listing, delisting, Binance Alpha, and Binance Launchpool announcements. As per its latest announcement, Binance Launchpool is going to introduce the Bio Protocol crypto project. The feature allows users to farm BIO tokens by locking BNB and FDUSD tokens.
Binance Launchpool is a liquidity farming feature on Binance that allows users to farm tokens by contributing to liquidity. With the help of this feature, users can stake their crypto holdings and earn passive income. So far, 62 liquidity farming crypto projects have been listed on Binance Launchpool.
Bio Protocol is the next project that is going to allow users to farm BIO tokens from December 24 at 00:00 UTC. The farming period starts from December 24 to January 2, 2025, offering 3% of the total BIO token supply as rewards. Users will be able to lock BNB and FDUSD tokens and earn BIO tokens as rewards. Binance supports BIO/USDT, BIO/BNB, BIO/FDUSD, and BIO/TRY trading pairs.
Binance Launchpool Introduces a Decentralized Science (DeSci) Project, Bio Protocol
Bio Protocol is one of the unique crypto projects that describes itself as the decentralized science (DeSci) project. It transforms the way scientific research is funded and conducted with its peer-reviewed, open access protocol journal. BIO token is the native token of the project that plays several key roles in the Bio Protocol ecosystem.
The Bio Protocol liquidity pool enables token swaps, ensures price stability, and incentivizes staking. A portion of the fees generated by the pool will be used to fund scientific research projects within its ecosystem.
The launch of Bio Protocol on Binance Launchpool opens gates for a large user base to access its liquidity pool. Thus, Bio Protocol is set to realize its aim of addressing critical gaps in scientific funding with the help of Binance Launchpool announcement.
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