Binance has introduced the 63rd project on Launchpool — BIO Protocol (BIO), a platform for financing and coordinating decentralized science (DeSci) endeavors. According to the project description, BIO aims to accelerate biotech innovation through decentralized funding and management of scientific projects.
BIO Launch Conditions on Binance
Users can participate in the BIO airdrop by staking their BNB and FDUSD on Binance Launchpool. Farming begins on December 24 at 00:00 (UTC) and will continue until January 2, 2025. A total of 99.6 million BIO tokens (3% of the total initial supply of 3.32 billion tokens) are allocated for Launchpool.
Binance will be the first exchange to list BIO. Trading will start on January 3, 2025, at 10:00 (UTC) with pairs BIO/USDT, BIO/BNB, BIO/FDUSD, and BIO/TRY. Additionally, the project will carry a Seed Tag, indicating high token volatility. The platform recommends users thoroughly research the project before investing.
What Is BIO Protocol
BIO Protocol is a new financial layer for decentralized science, designed to help finance, develop, and manage tokenized scientific intellectual property. The platform focuses on supporting universities, companies, and researchers worldwide.
The project raised $33 million from the community in November 2024. The team plans to use these funds to support initiatives such as Long Covid Labs, Quantum Biology DAO, and Curetopedia.
BIO Token Distribution
BIO tokens will be unlocked over a six-year period. Their distribution is as follows:
- 56% for the ecosystem and community
- 25.4% for early participants
- 18.6% for initial investors
