Key Points
- Binance simply introduced BIO Protocol (BIO) because the 63rd mission on Binance Launchpool.
- Users can lock their BNB and FDUSD to obtain BIO airdrops over 10 days, with farming beginning tomorrow.
Binance simply introduced the 63rd mission on Binance Launchpool – BIO Protocol (BIO), a curation and liquidity protocol for Decentralized Science (DeSci).
According to the official announcement, customers will have the ability to lock their BNB and FDUSD to obtain BIO airdrops over 10 days and farming is scheduled to start out tomorrow, December 24, at 00:00 (UTC).
BIO Listing Details
Binance may even be the primary crypto trade to record BIO on January third, 2025, at 10:00 (UTC).
The crypto trade introduced that it’ll open buying and selling for the next pairs:
- BIO/USDT
- BIO/BNB
- BIO/FDUSD
- BIO/TRY
Also, Binance announced that the mission will probably be listed with the Seed Tag utilized, which means that it’s an revolutionary mission that may exhibit increased volatility, and customers are suggested to do their very own analysis earlier than deciding to spend money on it.
Binance Launchpool Details
- The most BIO token provide is 3,32 billion tokens; this provide is dynamic, which means that it could enhance by way of community governance.
- The complete genesis token provide is 3,32 billion BIO tokens.
- The Launchpool token rewards will probably be 99,6 million BIO tokens or 3% of the genesis token provide.
- The preliminary circulating provide when listed on Binance Spot will probably be over 1,296 billion BIO tokens, or a bit over 39% of the full genesis token provide.
The farming interval will start tomorrow, December 24, at 00:00 (UTC) and it’ll final till January 2nd, 2025, at 23:59 (UTC).
In order to have the ability to take part within the Binance Launchpool and earn rewards, customers must log in to their account, navigate to the Launchpool part, and select a mission of their curiosity.
Users who don’t have already got an account can create one here.
What is BIO Protocol (BIO)?
The BIO protocol is DeSci’s new monetary layer, engineered to commercialize the most effective science, sooner, in keeping with the official website of the mission. BIO is described as a gateway drug to decentralized science.
The mission is reportedly driving biotech innovation by way of decentralized funding and coordination. BIO permits anybody to fund, develop, and govern tokenized scientific IPs from universities, corporations, and researchers from everywhere in the world.
The protocol directs capital and expertise to essentially the most promising early-stage science.
Last month, Binance Labs made its first DeSci funding in BIO Protocol. According to the web site, the BIO Launchpad will go stay subsequent month.
On X, the staff behind the mission announced that the BIO Launchpad makes BioDAO curation, formation, and funding enjoyable, accessible, and open. Upcoming launches embrace Long Covid Labs, Quantum Biology DAO, Curetopedia.
The staff additionally addressed the BIO token distribution.
BIO Distribution
BIO is 100% community-owned within the first 12 months. Genesis public sale raised greater than $33 million from the neighborhood final month.
Here’s the token distribution breakdown:
- 56% of the tokens go to the ecosystem and neighborhood.
- 25.4% of the tokens will go to early contributors.
- 18.6% will go to the early backers.
Also, BIO tokens will unlock over 6 years.
Early contributors vest over 6 years, with a 1-year cliff and early backers vest over 4-6 years, with a 1-year cliff.
The staff additionally famous that BIO goals to catalyze the on-chain economic system of DeSci DAOs, protocols, and AI brokers, sparking a “Cambrian explosion” in community-led science. BIO goals to unleash a Biotech Revolution.
