Binance has introduced BIO Protocol (BIO) as the 63rd project on its Launchpool platform. BIO Protocol is a decentralized science (DeSci) initiative aimed at accelerating the flow of capital and talent into on-chain scientific research. It facilitates the creation of scientific communities, known as bioDAOs, and develops efficient markets for scientific intellectual property.
Farming BIO Tokens:
Staking Period: Users can stake BNB and FDUSD tokens to farm BIO over a 10-day period, starting from December 24, 2024, at 00:00 (UTC) until January 2, 2025, at 23:59 (UTC).
Reward Allocation:
BNB Pool: 84,660,000 BIO tokens (85% of total rewards)
FDUSD Pool: 14,940,000 BIO tokens (15% of total rewards)
Daily Distribution: A total of 9,960,000 BIO tokens will be distributed daily across both pools.
Listing Details:
Trading Start: Binance will list BIO Protocol on January 3, 2025, at 10:00 (UTC).
Available Trading Pairs: BIO/USDT, BIO/BNB, BIO/FDUSD, and BIO/TRY.
Tokenomics:
Total Supply: 3,320,000,000 BIO
Launchpool Allocation: 99,600,000 BIO (3% of total supply)
Initial Circulating Supply at Listing: 1,296,529,168 BIO (approximately 39.05% of total supply)
Participation Steps:
1. Stake Tokens: Lock BNB or FDUSD in the respective Launchpool staking pools.
2. Earn Rewards: Receive BIO tokens daily based on the amount staked and the pool's reward structure.
3. Trading: Once listed, BIO tokens can be traded on Binance's spot market.
For more detailed information, including participation guidelines and staking mechanics, please refer to Binance's official announcement.
