Binance has introduced BIO Protocol (BIO) on its Launchpool platform, allowing users to earn BIO tokens by staking BNB or FDUSD. The staking period is active and will conclude on January 2, 2025.
Total Allocation and Distribution
Total BIO Supply: 3,320,000,000 BIO
Launchpool Allocation: 99,600,000 BIO (3% of total supply)
BNB Stakers: 85% of Launchpool allocation
FDUSD Stakers: 15% of Launchpool allocation
Staking Details and Rewards
The rewards are distributed based on the proportion of your staked amount relative to the total pool.There are hourly caps on the maximum BIO rewards per user
BNB Stakers: Up to 35,275 BIO per hour
FDUSD Stakers: Up to 6,225 BIO per hour
Calculating Rewards for Staking 1 BNB
The exact amount of BIO tokens earned by staking 1 BNB depends on several factors, including the total amount of BNB staked by all participants and the duration of your stake. Since the total rewards for BNB stakers are capped at 35,275 BIO per hour, your share of these rewards is proportional to your stake relative to the total BNB staked.
Example Calculation:
Assumptions:
Total BNB Staked by All Users: 100,000 BNB
Your Stake: 1 BNB
Your Share of Total Stake: 1 BNB / 100,000 BNB = 0.001%
Hourly BIO Earned:
Total Hourly Rewards for BNB Pool: 35,275 BIO
Your Hourly Rewards: 35,275 BIO * 0.001% = 0.35275 BIO
Daily BIO Earned:
0.35275 BIO/hour * 24 hours = 8.466 BIO
Total BIO Earned Over 10-Day Period:
8.466 BIO/day * 10 days = 84.66 BIO
Please note that these calculations are estimates. The actual amount of BIO tokens you earn will vary based on the total amount of BNB staked by all participants and any changes in staking amounts during the farming period.
Pre-Market Price and Exchange Listings
As of December 27, 2024, BIO is available for pre-market trading on several platforms:
Bitget: Pre-market trading for BIO/USDT began on December 25, 2024, at 09:00 (UTC) and will continue until January 3, 2025, at 09:30 (UTC). Spot trading is scheduled to commence on January 3, 2025, at 10:00 (UTC).
LBank: BIO1 (BIO Protocol) is available for pre-market trading. Settlement will occur 30 minutes before the official trading begins, with a 1:1 token exchange ratio.
MEXC: Offers pre-market trading services for BIO, allowing users to trade before the official listing.
Gate.io: Pre-market trading for BIO is available, with specific schedules provided by the exchange.
Pre-market prices can be volatile and may not reflect the token's value upon official listing.For instance, on December 25, 2024, BIO's pre-market price briefly reached $1 and later stabilized around $0.875 on Bitget.
Additional Information
Token Utility: BIO serves as a governance token within the decentralized science (DeSci) ecosystem, enabling holders to support specific BioDAOs and participate in governance decisions.
Withdrawal Flexibility: Participants can withdraw their staked tokens at any time without forfeiting accrued rewards, offering flexibility in managing their investments.
Upcoming Listing: BIO is scheduled to be listed on Binance on January 3, 2025, providing additional trading opportunities for users.