Binance, the world’s largest cryptocurrency exchange, has announced Bio Protocol (BIO) as the 63rd project on its Launchpool. This initiative allows users to stake BNB tokens or FDUSD stablecoins to earn BIO tokens as rewards. The farming period will run until January 2, with staked coins being withdrawable at any time while users continue to earn BIO rewards.
Key details include:
• Total Allocation: 3% of the total BIO token supply (99.6 million BIO out of 3.32 billion) is allocated to the Launchpool.
• Reward Distribution: BNB stakers will earn 85% of the rewards, while FDUSD stakers receive 15%. Rewards are proportional to each user’s stake relative to the total pool.
• Hourly Caps: BNB stakers can earn up to 35,275 BIO per hour, and FDUSD stakers up to 6,225 BIO.
Following the campaign, BIO will officially list on Binance on January 3, 2024.
About Bio Protocol (BIO)
Bio Protocol is a groundbreaking platform in Decentralized Science (DeSci), focusing on biotechnology innovation. It empowers global communities of patients, scientists, and biotech professionals to collaboratively fund, develop, and own tokenized biotech projects and intellectual property (IP).
The team behind Bio Protocol has already established notable projects, including Molecule (a biomedicine tokenization platform) and VitaDAO (a decentralized longevity science community). Building on these foundations, Bio Protocol aims to advance an on-chain scientific economy through decentralized funding and liquidity mechanisms.
Holders of BIO tokens gain access to an extensive network of scientific communities, IP assets, and the broader DeSci ecosystem.
Bio Protocol Ecosystem
Bio Protocol currently incorporates seven BioDAOs, which collectively raised millions of dollars in funding:
1. VitaDAO: Focuses on longevity research, supported by Pfizer and Balaji Srinivasan.
2. HairDAO: Specializes in hair loss research and owns patents and consumer products.
3. CerebrumDAO: Focuses on brain health, with over $1.5M raised for neurodegenerative research.
4. ValleyDAO: Dedicated to synthetic biology, collaborating with Imperial College London.
5. AthenaDAO: Supports women’s health research, with $500K in funding and 14 pending IP transactions.
6. CryoDAO: Promotes cryobiology development, with collaborations involving Oxford Cryo Technology.
7. PsyDAO: Focuses on psychedelic research with its platform, OPSY.
Roadmap for 2025
Bio Protocol has outlined an ambitious roadmap, including:
• Token Generation Event (TGE) on Ethereum mainnet (January 3, 2024).
• Launching BIO on Solana and Base networks.
• Establishing new BioDAOs.
• Introducing BIO/BioDAO liquidity pools.
• Launching the BIO Launchpad for decentralized project funding.
The Future of BIO
With $70 million raised to date and expansion plans across major networks, Bio Protocol is set to drive the growth of the DeSci sector. Its integration into the Binance ecosystem and other blockchain networks like Solana and Base will enable broader adoption of decentralized scientific research.
How to Earn BIO on Binance Launchpool
To participate, users need a verified Binance account and BNB or FDUSD tokens. After depositing these tokens, follow these steps:
1. Navigate to “More” in the Binance interface and select “Launchpool.”
2. Choose either the FDUSD Pool or BNB Pool, depending on your staking preference.
3. Follow the on-screen instructions to stake your tokens and start earning BIO rewards.
With Binance’s robust support and Bio Protocol’s innovative approach to merging blockchain with scientific research, the $BIO token is poised to lead a new wave of decentralized innovation. This launch represents an exciting opportunity for investors and scientists alike to shape the future of scientific development.