Binance has announced the 63rd project on its Launchpool, unveiling Bio Protocol (BIO), a curation and liquidity protocol designed to support the emerging field of Decentralized Science (DeSci). The initiative offers users the opportunity to farm BIO tokens by locking Binance Coin (BNB) and FDUSD.
Launchpool Farming Details
- Start Date: December 24, 2024, at 00:00 UTC
- Duration: 10 days (until January 2, 2025, at 23:59 UTC)
- Airdrop Rewards: Users locking BNB and FDUSD will earn BIO tokens as rewards.
Listing and Trading
Binance will list BIO on January 3, 2025, at 10:00 UTC, with the following trading pairs:
- BIO/USDT
- BIO/BNB
- BIO/FDUSD
- BIO/TRY
The token will carry the Seed Tag, reflecting its status as an early-stage project with unique growth potential.
Tokenomics
- Token Name: Bio Protocol (BIO)
- Max Token Supply: 3,320,000,000 BIO (modifiable via governance)
- Initial Circulating Supply: 1,296,529,168 BIO (39.05% of the total supply)
- Launchpool Rewards: 99,600,000 BIO (3% of the genesis token supply)
- Supported Network: Ethereum (Contract:
0xcb1592591996765Ec0eFc1f92599A19767ee5ffA)
Farming Pools
Participants can choose from two reward pools:
- BNB Pool: Allocated 84,660,000 BIO (85% of the rewards)
- FDUSD Pool: Allocated 14,940,000 BIO (15% of the rewards)
Hourly Hard Caps:
- BNB Pool: 35,275 BIO
- FDUSD Pool: 6,225 BIO
Participation Requirements
To join the farming, users must complete KYC verification to Binance’s satisfaction. Additionally, Binance has set hourly hard caps to ensure fair distribution among participants.
Research Report and Further Information
A detailed research report on Bio Protocol will be available approximately 12 hours before the Launchpool begins. The official webpage for staking and additional details will also go live within the same timeframe.
This launch highlights Binance’s continued commitment to supporting innovative blockchain projects and fostering growth in niche sectors such as Decentralized Science.
