- Binance Launchpool offers users the chance to farm $BIO by locking BNB and FDUSD.
- Bio Protocol allocates 56% of $BIO to the community, ensuring long-term ecosystem growth.
- $BIO token supports DeSci growth, contributing to a $300M market cap via BioDAO.
Binance has kicked off the festive season with a major announcement, introducing the $BIO token from Bio Protocol on its Launchpool. This event marks a significant milestone for the decentralized science (DeSci) space.
Users can now participate in a unique opportunity to farm the BIO token by locking BNB and FDUSD. With a clear vision for scientific research and blockchain innovation, this listing is set to drive further adoption of the Bio Protocol ecosystem.
How to Participate in the $BIO Farming Event
The Binance Launchpool is offering users a chance to earn BIO tokens by locking their BNB and FDUSD for the next ten days. This farming process is set to run from Tuesday to Friday of the following week.
The total distribution from Binance Launchpool will include 99.6 million BIO tokens, representing 3% of the total Genesis token supply. Per day, users can earn up to 9.96 million BIO tokens through the BNB pool and FDUSD pool, with a ratio of 85% and 15%, respectively.
Each user can farm up to 35,275 BIO tokens per hour in the BNB pool and 6,225 BIO tokens in the FDUSD pool. This opportunity offers a great way for Binance users to engage with the new token before its official listing in January 2025.
Bio Protocol’s Tokenomics and Long-Term Vision
Bio Protocol’s tokenomics reveal a strong commitment to its community. The largest share of BIO tokens, around 56% of the total circulating supply, has been allocated to community and ecosystem participants.
Early contributors received 25.4%, while early backers were granted 18.6%. A unique feature of this distribution is the extended lock-up period for early contributors and backers, ensuring long-term sustainability. Early contributors will face a lock-up period of over six years with a one-year cliff, while early backers’ tokens will be vested for four to six years with a similar cliff.
A Growing Decentralized Science Ecosystem
Bio Protocol’s platform is making strides in the decentralized science (DeSci) space, supporting several projects aimed at advancing scientific research. With the $BIO token, Bio Protocol plans to fuel further growth by supporting projects launched through the BioDAO platform. These initiatives have already contributed to a market cap of over $300 million.