Binance has unveiled BIO Protocol (BIO) as the 63rd project on Binance Launchpool, marking a significant milestone for Decentralized Science (DeSci). BIO Protocol aims to transform biotechnology by enabling global communities to fund, develop, and own tokenized biotech projects and intellectual property (IP).
Users can stake BNB and FDUSD to earn BIO tokens starting December 24, 2024, with farming set to last ten days. Binance plans to list BIO on January 3, 2025, with trading pairs including BIO/USDT, BIO/BNB, BIO/FDUSD, and BIO/TRY.
Key Details on BIO Protocol
- Max Token Supply: 3,320,000,000 BIO
- Launchpool Rewards: 99,600,000 BIO (3% of the total genesis token supply)
- Initial Circulating Supply: 1,296,529,168 BIO (39.05% of total genesis token supply)
- Blockchain: Ethereum (Contract Address: 0xcb1592591996765Ec0eFc1f92599A19767ee5ffA)
The BIO Protocol token provides access to a vast network of scientific communities and tokenized IP. It offers investors a unique opportunity to engage with the DeSci economy.
Revolutionizing Biotech Through BioDAOs
According to the website, BIO Protocol leverages BioDAOs, decentralized communities focused on advancing research in specific medical and scientific fields. BioDAO members pool resources such as data, funding, and labor to accelerate R&D and create shared ownership of intellectual property.
Using Molecule’s onchain IP framework, BioDAOs license, transact, and develop biotech innovations. Revenue from IP and product sales flows back into BioDAO treasuries, fueling further research and commercialization efforts.
The BIO Protocol team has a track record of success, having contributed to projects like Molecule, a tokenization platform for biomedicine, and VitaDAO, the largest decentralized longevity science community.
BIO’s mission
BIO Protocol’s mission is to catalyze a global scientific economy by offering decentralized funding, liquidity, and incentives. The project aims to reduce the cost and time required for innovation, making groundbreaking advancements in biotechnology more accessible to the world.
With the launch of BIO on Binance Launchpool, DeSci enthusiasts and biotech innovators can look forward to a new era of collaborative research and development.
