You can also read this news on BH NEWS: Binance Introduces New Bio Protocol Coin
In an exciting development, Binance has unveiled the Bio Protocol (BIO) as part of its Launchpool initiative. This marks the 63rd project aimed at engaging users in the decentralized science (DeSci) sector. Participants in this program can earn BIO through an AirDrop by locking up BNB and FDUSD coins. The farm period is scheduled to kick off on December 24, 2024, at 03:00 UTC.
The farming phase for BIO will extend over ten days, allowing participants to access a total of 99.6 million BIO from the BNB and FDUSD pools. Notably, 85% of the rewards will be sourced from the BNB pool, while the remaining 15% will be drawn from the FDUSD pool. Each participant can earn a maximum hourly reward of 35,275 BIO from BNB and 6,225 BIO from FDUSD.
Binance has set a maximum supply of 3.32 billion BIO coins, with the possibility of community governance leading to future expansions. The official listing of the BIO coin is anticipated for January 3, 2025, following the farming period, with trading pairs including BIO/USDT, BIO/BNB, BIO/FDUSD, and BIO/TRY.
At the time of its listing, approximately 1.3 billion BIO, equating to 39.05% of the total supply, will be available in circulation. Trading will occur under the “Seed Tag” designation. To engage in the farming process, participants are required to complete KYC verification. More details regarding both the farming and listing procedures will be released in due course.
This initiative not only emphasizes Binance’s commitment to innovative projects but also invites users to actively partake in the growing decentralized science landscape, potentially reshaping their engagement with blockchain technology.
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