Binance has officially announced the launch of BIO Protocol (BIO) on its Launchpool, allowing users to farm BIO tokens by locking BNB and FDUSD. The farming period will start on December 24, 2024, and run until January 2, 2025. BIO Protocol is designed to support the growing Decentralized Science (DeSci) sector, offering an opportunity for users to participate in a unique project while earning rewards.

BIO Protocol: A New Approach to Decentralized Science

BIO Protocol aims to provide a curation and liquidity protocol for DeSci—a decentralized approach to scientific research and data sharing. The project seeks to democratize science by enabling researchers to curate, share, and access data in a transparent, open-source manner. By doing so, BIO aims to drive innovation in the scientific community, creating a more open and accessible environment for scientific advancement.

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How to Participate in the Farming Event

Users can participate in the farming event by locking BNB or FDUSD in Binance Launchpool. There are two separate reward pools available:

  • BNB Pool: 85% of total rewards (84,660,000 BIO)
  • FDUSD Pool: 15% of total rewards (14,940,000 BIO)

The total reward pool for the event is 99,600,000 BIO tokens, representing 3% of the total genesis token supply. Each user has a hard cap on the number of BIO they can earn, with 35,275 BIO for the BNB pool and 6,225 BIO for the FDUSD pool. The rewards are calculated on an hourly basis based on users’ average pool balances.

https://twitter.com/binance/status/1871141508675407908

BIO Token Listing and Trading on Binance Spot

Once the farming period ends, BIO will be listed on Binance Spot on January 3, 2025, at 10:00 (UTC). The following trading pairs will be available:

  • BIO/USDT
  • BIO/BNB
  • BIO/FDUSD
  • BIO/TRY

With its listing, BIO will join Binance’s extensive selection of tokens, offering users new opportunities to trade and invest in this DeSci-focused project.

Binance’s Commitment to Innovation

The launch of BIO Protocol on Launchpool is part of Binance’s ongoing effort to support innovative projects in the cryptocurrency and blockchain sectors. By offering farming opportunities for new and emerging tokens, Binance continues to provide its users with access to cutting-edge technologies while rewarding them for their participation.

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