Binance users can now lock their BNB and FDUSD to farm Bio Protocol’s BIO token in the next ten days.
Leading cryptocurrency exchange by registered users and daily average traded volume Binance has unveiled the 63rd project dubbed Bio Protocol (BIO) on the Binance Launchpool. According to the announcement, Binance exchange users can begin farming the BIO token beginning on Tuesday until Friday next week.
In order to receive the BIO token airdrop, Binance Launchpool users will be required to lock their BNB BNB $606.5 24h volatility: 0.4% Market cap: $88.39 B Vol. 24h: $988.46 M and FDUSD FDUSD $1.00 24h volatility: 0.1% Market cap: $2.58 B Vol. 24h: $5.52 B during the 10 days of BIO token farming. The listing of BIO tokens on Binance Launchpool is a major boost ahead of the scheduled token generation event (TGE) on January 3rd.
Furthermore, Binance intends to list the BIO token with several pairs including USDT USDT $1.00 24h volatility: 0.0% Market cap: $143.92 B Vol. 24h: $50.70 B , BNB, FDUSD, and TRY pairs on Friday, January 3, 2025, with the Seed Tag applied.
Closer Look at Bio Protocol’s BIO Tokenomics
The Bio Protocol has allocated the largest share of BIO tokens to the community and ecosystem participants, around 56 percent total circulating supply. Around 25.4 percent of BIO’s total circulating supply was allocated to early contributors while the remaining 18.6 percent was set aside for early backers.
Notably, Bio protocol has set a lock-up period of over 6 years for the early contributors, with a 1-year cliff unlock. Additionally, the early backers of the Bio Protocol will best their token supply for between four to six years with a 1-year cliff unlock.
The Binance Launchpool distribution received 99.6 million BIO tokens, which represents 3 percent of the total Genesis token supply. Per day, the Binance Launchpool will distribute 9.96 million BIO tokens through the BNB and FDUSD pools at a ratio of 85 percent to 15 percent respectively.
According to the announcement, the hourly hard cap per user is 35,275 BIO tokens in the BNB pool and around 6,225 BIO tokens in the FDUSD pool.
What to Expect Ahead
The Bio Protocol has grown to a major Decentralized Science (DeSci) after helping several projects raise funds to pursue scientific research and developments. With the BIO token, more scientific projects have been launched through the BioDAO platform, thus amounting to a net market cap of over $300 million.
The BIO Protocol consists of eight DAOs including AthenaDAO, CerebrumDAO, HairDAO, ValleyDAO, VitaDAO, and PsyDAO, among others.
In a bid to ensure sustainable growth, the Bio Protocol will soon launch the BIO token on the Solana (SOL), and Base networks. Moreover, the economy of decentralized science is expected to grow exponentially ahead, thus opening up the global scientific market to all investors through blockchain technology.
Currently, the Bio Protocol is seeking biotech builders and scientists to apply for acceleration and support through different DAO communities.
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