As soon as Seed Tag renowned, Binance will be the first exchange to offer and list BIO on January 3, 2025 at 10:00 (UTC) time zone.
As per Binance news, BIO Protocol (BIO) marks its 63rd addition to Binance Launchpool.
Starting tomorrow, users can freeze their accounts for the next 10 days and let us keep their BNB and FDUSD in exchange of BIO airdrops.
The protocol explained that the Binance Launchpool project is now the sixty third of Binance to announce the bio protocol as bio is for defi science so bio is a protocol.
The notification also mentions that from tomorrow, every BNB FDUS will start accumulating interest from tomorrow fourteen days in a new account sort of to allow to retain its value after 00:00 (UTC) on December 24 over a duration of 10 days.
Facts regarding the BIO Record.
On the 3rd of January 2025 in Zulu time the www.binance.com the first ever crypto exchange to list and offer BIO.
The cryptocurrency exchange has made the following partnerships in regard to its trading:
BIO/USDT
BIO/BNB
BIO/FDUSD
BIO/TRY
It should be noted that as BNPB is an innovative project, it may be subject to greater volatility. As such, it is recommended that users conduct their own research before opting to invest in this project. Binance has also stated that the Seed Tag would be attached to the project on launch.
Details of the Binance Launch Pool
The total amount of circulating Biological tissue tokens is equal to 3,32 billion and that may be increased via governance of the network.
The total volume of genesis tokens of bio is three and half billion.
3% of the total pool of genesis tokens will be Launchpool rewards comprising of 99.6 million Bio tokens.
When Binance Spot comes on to the market 39.7% of the total genesis tokens will already be placed which is around 1,296 billion biological tokens in circulation.
The agriharvest period is scheduled to start on the 24th day of December 2025 at 12:00:00 am UTC and end on the 2nd January 2025 at 23:59 PM UTC.
Before they can access the incentives and participate, users need to log in to their Binance accounts, navigate to the Launchpool section, and select a project that they are interested in.
In case you haven't already, feel free to create an account.
In a nutshell, what is The BIO Protocol (BIO)?
The BIO protocol is the first financial infrastructure to be constructed on top of DeSci. It is intended to shorten timeframes that take the best ideas to market. Some have compared BIO to a gateway drug for decentralized research.
As per different reports, the initiative is pioneering biotech development through Composite Outreach and Finance. BIO enables tokenized intellectual property (IP) in the sciences that researchers, companies, and institutions across the connected world can finance, create, and manage.
The approach favors high impact areas in which early stage research is found worth investing in and makes available resources and expertise.
Last month, Binance Labs invested in BIO Protocol, which is the first DeSci project. According to information on their website, they are expecting to launch the BIO Launchpad next month.
The project team remarked on X, that the BIO Launchpad makes it simple, straightforward, and fun to raise money, create a bioDAO, and focus on specific areas. The upcoming launches include Quantum Biology DAO, Long Covid Labs, and Curetopedia.
There was also supervised the allocation of BIO tokens by the team.
Distribution Bio Tokens
In the first year, the community owns one hundred percent of BIO. The electronic community that the platform will serve raised almost $33 million in the genesis auction held last month.
The breakdown of the above items is as follows:
Tokens allocated for ecosystem and community constitute 56% of the total supply.
A quarter of the total token allocation shall be Distributed to early Adopters.
The early Funders will be allocated 18.6%.
It will be six years from now before the BIO tokens can be available to the holders.
The period during which early contributions would be locked is 6 years with 1 year cliff while early supporters will have 4-6 years with 1 year cliff.
The group also claimed that the aim of BIO is to provoke a “Cambrian explosion” of community research by enhancing the DeSci daos protocols and AI-driven economy. The objective of BIO is to start a biotech revolution.
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