Binance has announced its 63rd project on Launchpool with the introduction of Bio Protocol (BIO), a curation and liquidity protocol for the emerging field of Decentralized Science (DeSci).
Launchpool Farming Begins
The initiative offers users the opportunity to farm BIO tokens by locking Binance Coin (BNB) and FDUSD. The farming period starts on December 24, 2024, at 03:00 and lasts for 10 days, until 02:00 on January 3, 2025. Users who lock BNB and FDUSD will receive BIO tokens as rewards.
BIO Listing and Trading
Binance will list BIO on January 3, 2025, at 1:00 PM. The following trading pairs will be available: BIO/USDT, BIO/BNB, BIO/FDUSD, and BIO/TRY. The token will have a 'Seed' tag, reflecting its status as an early-stage project with significant growth potential.
Tokenomics and Participation Conditions
The tokenomics of the project set a maximum supply of 3,320,000,000 BIO, which can be changed via governance. The initial circulating supply stands at 1,296,529,168 BIO (39.05% of the total supply), with 99,600,000 BIO allocated as Launchpool rewards. The supported network is Ethereum. Participants can choose from two farming pools: the BNB Pool with 84,660,000 BIO allocated or the FDUSD Pool with 14,940,000 BIO allocated. Participants must complete KYC verification and adhere to fixed hourly distribution limits.
This launch underscores Binance’s commitment to supporting innovative blockchain projects and driving growth in niche sectors like Decentralized Science.
