Bitcoin Exchange Binance Announces the Altcoin It Chose for Its 63rd Launchpool Project! Here Are the Details

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Bitcoinsistemi2024/12/23 15:11

By:Utku Yanık

Binance, one of the world's leading cryptocurrency exchanges, announced its latest project on Launchpool.

Binance has announced its 63rd project on Launchpool with the introduction of Bio Protocol (BIO), a curation and liquidity protocol designed to support the emerging field of Decentralized Science (DeSci).

Binance Launchpool Unveils Bio Protocol (BIO): A DeSci Liquidity Innovation

The initiative offers users the opportunity to farm BIO tokens by locking Binance Coin (BNB) and FDUSD.

Launchpool Farming Details

Start Date: December 24, 2024, 03:00

Duration: 10 days (until 02:00 on January 3, 2025)

Airdrop Rewards: Users who lock BNB and FDUSD will receive BIO tokens as rewards.

Listing and Trading

Binance will list BIO on January 3, 2025 at 1:00 PM with the following trading pairs:

BIO/USDT

BIO/BNB

BIO/FDUSD

BIO/TRY

The token will carry a Seed Tag reflecting its status as an early-stage project with unparalleled growth potential.

Tokenomics

Token Name: Bio Protocol (BIO)

Maximum Token Supply: 3,320,000,000 BIO (can be changed via governance)

Initial Circulating Supply: 1,296,529,168 BIO (39.05% of total supply)

Launchpool Rewards: 99,600,000 BIO (3% of genesis token supply)

Supported Network: Ethereum (Contract: 0xcb1592591996765Ec0eFc1f92599A19767ee5ffA)

Farm Pools

Participants can choose from two prize pools:

BNB Pool: 84,660,000 BIO allocated (85% of rewards)

FDUSD Pool: 14,940,000 BIO allocated (15% of rewards)

Conditions of Participation

To join the farm, users must complete KYC verification to Binance’s satisfaction. Binance has also set fixed hourly limits to ensure fair distribution among participants.

A detailed research report on Bio Protocol will be available approximately 12 hours before Launchpool begins. The official webpage for staking and additional details will also go live in the same timeframe.

This launch underscores Binance’s commitment to supporting innovative blockchain projects and driving growth in niche sectors like Decentralized Science.

*This is not investment advice.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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