Top cryptocurrency exchange Binance has announced the launch of its 63rd project on Launchpool.
Binance is introducing Bio Protocol (BIO), a platform designed to support the emerging field of Decentralized Science (DeSci). The initiative allows users to farm BIO tokens by staking Binance Coin (BNB) and FDUSD, starting on December 24, 2024, and continuing until January 3, 2025. Over this 10-day period, participants will be rewarded with BIO tokens, with a total of 99.6 million BIO tokens available.
Bio Protocol will be listed on Binance for trading on January 3, 2025, with several trading pairs, including BIO/USDT, BIO/BNB, BIO/FDUSD, and BIO/TRY. The project will have a total token supply of 3.32 billion BIO, with approximately 1.3 billion tokens initially circulating.
The farm pools for the rewards will be divided, with 85% of the tokens allocated to the BNB pool and 15% to the FDUSD pool.
To participate in this farming event, users must complete Binance’s KYC verification process. Fixed hourly limits will ensure fair distribution of rewards among participants. A detailed research report on Bio Protocol will be available 12 hours before the farming begins, along with a webpage for staking and additional details.
This launch demonstrates Binance’s continued commitment to supporting innovative blockchain projects, particularly in the niche area of Decentralized Science.