As of December 25, 2024, Bio Protocol (BIO) has been introduced as the 63rd project on Binance Launchpool, a platform that allows users to stake cryptocurrencies to earn new tokens.
Key Details:
Farming Period: Users can stake BNB and FDUSD to farm BIO tokens over a ten-day period starting December 24, 2024.
Token Allocation: A total of 99.6 million BIO tokens, representing 3% of the initial supply, are allocated for Launchpool farming. The maximum token supply is set at 3.32 billion, with 1.29 billion BIO tokens (39.05% of the total supply) in circulation at the time of listing.
Trading Launch: Binance plans to list BIO for trading on January 3, 2025, with pairs including BIO/USDT, BIO/BNB, BIO/FDUSD, and BIO/TRY.
About Bio Protocol:
Bio Protocol is a decentralized science (DeSci) platform designed to accelerate biotechnology by enabling global communities of patients, scientists, and biotech professionals to collectively fund, develop, and own tokenized biotech projects and intellectual property.
The protocol comprises several BioDAOs, each focusing on specific scientific areas, including:
VitaDAO: Concentrates on longevity research.
AthenaDAO: Focuses on reproductive health.
ValleyDAO: Prioritizes anti-aging and longevity projects.
PsyDAO: Funds psychedelic science initiatives.
HairDAO: Addresses hair loss issues.
CryoDAO: Dedicated to cryopreservation research.
CerebrumDAO: Promotes brain health initiatives.
Participation Requirements:
To participate in BIO farming on Binance Launchpool, users must complete Binance’s KYC process. The BIO Protocol webpage is expected to be available 12 hours before farming begins.
Token Distribution:
The allocation of BIO tokens is as follows:
Community and Ecosystem: 56%
Early Contributors: 25.4%
Early Backers: 18.6%
This strategic distribution aims to foster a robust and engaged community, driving the advancement of decentralized science initiatives.
For more detailed information, please refer to Binance's official announcement.