Leading crypto exchange Binance announced the launch of a new project, Bio Protocol, on its Launchpool platform, providing users with the opportunity to farm BIO tokens.
New Project on Binance Launchpool
Binance, the largest crypto exchange in the world, continues its expansion with token listing, delisting, and a new feature on the Launchpool platform. The Bio Protocol will enable farming of BIO tokens by locking BNB and FDUSD tokens.
Farming Period and Conditions
The farming period for the Bio Protocol project will start on December 24, 2024, and last until January 2, 2025. During this period, 3% of the total BIO token supply will be available as rewards. Users can lock BNB and FDUSD to earn BIO as rewards. Binance supports trading pairs such as BIO/USDT, BIO/BNB, BIO/FDUSD, and BIO/TRY.
Bio Protocol: Decentralized Science
Bio Protocol positions itself as a decentralized science (DeSci) project, transforming methods of funding and conducting scientific research. The BIO token plays a key role in the Bio Protocol ecosystem. The liquidity pool enables token swaps, ensures price stability, and incentivizes staking. A portion of the pool's fees will be used to fund scientific research within its ecosystem.
The launch of Bio Protocol on Binance Launchpool provides a wide audience access to its liquidity pool, helping to achieve the project's goals of addressing critical gaps in scientific funding.
