Binance Launches Bio Protocol’s BIO Token on Launchpool as 63rd Project
Leading cryptocurrency exchange by registered users and daily average traded volume Binance has introduced the 63rd project, Bio Protocol (BIO), on Binance Launchpool. Users can start farming the BIO token from Tuesday until Friday next week.
To qualify for the BIO token airdrop, Launchpool users must lock their BNB and FDUSD during the 10-day farming period. The listing of BIO tokens is a significant event ahead of the token generation event (TGE) scheduled for January 3rd.
Binance plans to list the BIO token with several trading pairs, including USDT, BNB, FDUSD, and TRY, on January 3, 2025, applying the Seed Tag.
Closer Look at Bio Protocol’s BIO Tokenomics
Bio Protocol has allocated approximately 56 percent of the total circulating supply of BIO tokens to community and ecosystem participants. Early contributors received about 25.4 percent of the total supply, while early backers received 18.6 percent.
The project has established a lock-up period exceeding 6 years for early contributors, with a 1-year cliff unlock. Early backers will vest their tokens over four to six years, also with a 1-year cliff unlock.
Binance Launchpool will distribute 99.6 million BIO tokens, representing 3 percent of the total Genesis token supply. Daily distribution will allocate 9.96 million BIO tokens through BNB and FDUSD pools at a ratio of 85 percent to 15 percent, respectively.
The hourly hard cap per user is set at 35,275 BIO tokens in the BNB pool and approximately 6,225 BIO tokens in the FDUSD pool.
What to Expect Ahead
Bio Protocol has evolved into a significant Decentralized Science (DeSci) platform, aiding various projects in securing funding for scientific research and development. The BIO token facilitates further scientific projects launched via the BioDAO platform, contributing to a net market cap exceeding $300 million.
The protocol includes eight DAOs such as AthenaDAO, CerebrumDAO, HairDAO, ValleyDAO, VitaDAO, and PsyDAO.
To promote sustainable growth, Bio Protocol will soon launch the BIO token on the Solana and Base networks. The decentralized science economy is projected to expand significantly, unlocking the global scientific market to investors through blockchain technology.
Currently, Bio Protocol seeks biotech builders and scientists for acceleration and support via its various DAO communities.