BullishBanter
Dec 24, 2024
Binance Unveils New Launchpool Project: Bio Protocol (BIO)
Binance, one of the top platforms for cryptocurrency trading, has introduced its 63rd project on the Launchpool platform: Bio Protocol (BIO). This initiative aims to revolutionize scientific research by incorporating decentralized technologies, supporting the growing Decentralized Science (DeSci) movement. Bio Protocol acts as a hub for scientific collaboration and funding, powered by blockchain technology, making scientific advancements more accessible and efficient.
Farming BIO Tokens on Binance Launchpool
Starting from December 24, 2024, at 00:00 (UTC), Binance users can earn BIO tokens by staking their BNB or FDUSD. This farming event will last for 10 days, ending on January 2, 2025, at 23:59 (UTC). During this period, a total of 100 million BIO tokensโequivalent to about 3% of the total token supplyโwill be given out as rewards. The rewards will be divided between two pools:
BNB Pool: Allocated 85% of the total rewards (85 million BIO tokens).
FDUSD Pool: Allocated 15% of the total rewards (15 million BIO tokens).
Every day, 10 million BIO tokens will be distributed, with 8.5 million BIO reserved for the BNB staking pool and 1.5 million BIO for the FDUSD pool. To ensure fair distribution, thereโs a limit on how many tokens a single user can earn in an hour. This hourly cap is set at 35,000 BIO tokens for the BNB pool and 6,500 BIO tokens for the FDUSD pool.
Listing and Trading Pairs for BIO
Once the farming phase concludes, Binance plans to make BIO tokens available for trading starting January 3, 2025, at 10:00 (UTC). Users will be able to trade BIO using the following pairs: BIO/USDT, BIO/BNB, BIO/FDUSD, and BIO/TRY. Upon its launch, the circulating supply of BIO tokens is estimated to be around 1.3 billion, which represents nearly 40% of the total token supply.
What is Bio Protocol?
Bio Protocol is a platform designed to promote and fund scientific research using blockchain technology. The project operates within the Decentralized Science (DeSci) space, allowing researchers worldwide to collaborate and access resources in a transparent and decentralized way. By breaking traditional barriers to funding and resources, Bio Protocol aims to bring efficiency and fairness to the global scientific community.
Tokenomics and Allocation
The total number of BIO tokens is capped at 3.3 billion. These tokens will be distributed across various categories, with the majority (56%) reserved for community-building and ecosystem development. This allocation ensures that the platform remains community-driven while fostering long-term growth.
#BinanceLaunchpoolBIO
Binanceโs latest Launchpool project, Bio Protocol, offers users an exciting opportunity to not only earn rewards but also support a transformative approach to science and research. Be sure to take part in the farming event and explore the potential of this groundbreaking initiative.
Farming BIO Tokens on Binance Launchpool
Starting from December 24, 2024, at 00:00 (UTC), Binance users can earn BIO tokens by staking their BNB or FDUSD. This farming event will last for 10 days, ending on January 2, 2025, at 23:59 (UTC). During this period, a total of 100 million BIO tokensโequivalent to about 3% of the total token supplyโwill be given out as rewards. The rewards will be divided between two pools:
BNB Pool: Allocated 85% of the total rewards (85 million BIO tokens).
FDUSD Pool: Allocated 15% of the total rewards (15 million BIO tokens).
Every day, 10 million BIO tokens will be distributed, with 8.5 million BIO reserved for the BNB staking pool and 1.5 million BIO for the FDUSD pool. To ensure fair distribution, thereโs a limit on how many tokens a single user can earn in an hour. This hourly cap is set at 35,000 BIO tokens for the BNB pool and 6,500 BIO tokens for the FDUSD pool.
Listing and Trading Pairs for BIO
Once the farming phase concludes, Binance plans to make BIO tokens available for trading starting January 3, 2025, at 10:00 (UTC). Users will be able to trade BIO using the following pairs: BIO/USDT, BIO/BNB, BIO/FDUSD, and BIO/TRY. Upon its launch, the circulating supply of BIO tokens is estimated to be around 1.3 billion, which represents nearly 40% of the total token supply.
What is Bio Protocol?
Bio Protocol is a platform designed to promote and fund scientific research using blockchain technology. The project operates within the Decentralized Science (DeSci) space, allowing researchers worldwide to collaborate and access resources in a transparent and decentralized way. By breaking traditional barriers to funding and resources, Bio Protocol aims to bring efficiency and fairness to the global scientific community.
Tokenomics and Allocation
The total number of BIO tokens is capped at 3.3 billion. These tokens will be distributed across various categories, with the majority (56%) reserved for community-building and ecosystem development. This allocation ensures that the platform remains community-driven while fostering long-term growth.
#BinanceLaunchpoolBIO
Binanceโs latest Launchpool project, Bio Protocol, offers users an exciting opportunity to not only earn rewards but also support a transformative approach to science and research. Be sure to take part in the farming event and explore the potential of this groundbreaking initiative.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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