Binance announced the launch of BIO Protocol (BIO) as the 63rd project on its Launchpool. This decentralized science (DeSci) protocol will be available for farming starting today on Dec. 24. Users can earn BIO coin by staking BNB or FDUSD.
BIO Coin Trading and Listing Details
Binance will list BIO coin for trading on January 3, 2025. The available trading pairs will include BIO/USDT, BIO/BNB, BIO/FDUSD, and BIO/TRY. The maximum token supply for BIO is set at 3.32 billion, although this may change based on governance decisions.
Binance launched BIO Protocol on its Launchpool. Source: XAt the time of listing, 1.29 billion BIO coins, representing 39.05% of the total supply, will be in circulation. A total of 99.6 million BIO tokens, accounting for 3% of the initial supply, will be allocated for farming on the Launchpool.
To participate in the BIO Protocol Launchpool, users must complete Binance’s KYC process. Binance plans to make the BIO Protocol webpage available 12 hours before farming begins.
How to Farm BIO Tokens
Users who stake BNB or FDUSD will earn BIO coins over ten days. Those staking BNB can earn up to 35,275 BIO tokens per hour, while those staking FDUSD can receive up to 6,225 BIO tokens per hour.
What is BIO Protocol?
BIO Protocol is a curation and liquidity platform designed for scientific research. It creates decentralized communities (BioDAOs) focused on areas like longevity, brain health, and reproductive health. BioDAO funds projects through token sales, allowing shared intellectual property ownership.
BIO Protocol’s sub-DAOs include:
VitaDAO ($VITA): This focuses on longevity research and has received investments from Pfizer AthenaDAO ($ATH): This supports research in reproductive health. ValleyDAO ($GROW): ValleyDAO prioritizes anti-aging and longevity projects. PsyDAO ($PSY): PsyDAO funds psychedelic science initiatives. HairDAO: This addresses hair loss issues. CryoDAO: It is dedicated to cryopreservation research, CerebrumDAO ($NEURON): CerebrumDAO promotes brain health initiatives.Thesee DAOs have collectively raised $23.5 million, with $7.2 million deployed in research.
BIO Token Allocation Breakdown
The allocation of BIO coin is distributed across different sectors. The community will receive 56% of the tokens. Community auctions account for 20%, while 6% will be distributed through airdrops. Another 25% of the tokens are set aside for ecosystem rewards. Investors will receive 13.6%, core contributors will receive 21.2%, and advisors will be allocated 4.2%. Additionally, 5% will go to the Molecule Ecosystem Fund.
