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1. Introduction to BIO Protocol
Concept: BIO Protocol is part of the Decentralized Science (DeSci) movement, which aims to improve the transparency, funding, and collaboration in scientific research.
Purpose: The platform uses blockchain to enhance the curation and liquidity of scientific research data, making it more accessible and tradable.
2. Binance Launchpool Details
Launchpool Farming Period:
Starts: December 24, 2024, at 00:00 (UTC).
Ends: January 2, 2025, at 23:59 (UTC).
Reward Distribution:
Total Rewards: 99.6 million BIO tokens (3% of the total genesis supply).
Daily Rewards: 9.96 million BIO distributed across two pools.
Supported Pools:
BNB Pool:
Rewards: 84.66 million BIO (85% of total).
FDUSD Pool:
Rewards: 14.94 million BIO (15% of total).
3. Token Listing and Trading
Listing Date: January 3, 2025, at 10:00 (UTC).
Trading Pairs: BIO/USDT, BIO/BNB, BIO/FDUSD, and BIO/TRY.
Initial Circulating Supply: ~1.296 billion BIO (39.05% of total genesis supply).
Maximum Supply: 3.32 billion BIO (subject to governance).
4. Tokenomics
Allocation:
Ecosystem and Community: 56%.
Early Contributors: 25.4% (with a 6-year linear unlocking post-lock-up).
Emission Schedule: Long-term vesting ensures gradual token release, minimizing inflationary pressure.
5. Key Features and Market Impact
Focus on DeSci: As the first significant DeSci token on Binance Launchpool, BIO Protocol brings attention to decentralized research funding and data transparency.
Market Sentiment: The announcement has positively impacted other DeSci tokens, such as URO, reflecting strong market interest in the sector.
Innovation: The project’s focus on liquidity for research data introduces a new asset class
6. How to Participate
Steps to Farm BIO:
Lock BNB or FDUSD in the respective pools on Binance Launchpool.
Complete Binance’s KYC process for eligibility.