Binance is excited to announce the 63rd project on Binance Launchpool: Bio Protocol (BIO), a curation and liquidity protocol for decentralized science (DeSci). Users can lock BNB and FDUSD to earn BIO airdrops over a 10-day period. The farming period will start on December 24, 2024, at 00:00 (UTC).
BIO Launch Details
The maximum token supply for Bio Protocol (BIO) is set at 3,320,000,000 BIO, which can be increased through network governance. The total genesis token supply is also 3,320,000,000 BIO. A total of 99,600,000 BIO, equivalent to 3% of the genesis supply, will be distributed as rewards through Binance Launchpool. Upon listing on Binance, the initial circulating supply will be 1,296,529,168 BIO, representing 39.05% of the genesis supply.
Farming Period and Rewards
The farming period will run from December 24, 2024, to January 2, 2025. The total daily reward amount is set at 9,960,000 BIO, with 85% allocated to the BNB pool (8,466,000 BIO) and 15% to the FDUSD pool (1,494,000 BIO). Users can claim their rewards, which are calculated hourly, directly into their spot accounts.
BIO Token Listing and Trading Pairs
The BIO token will be listed on Binance on January 3, 2025, at 10:00 (UTC). Trading will be available for the following pairs: BIO/USDT, BIO/BNB, BIO/FDUSD, and BIO/TRY. Additionally, the Seed Tag label will be applied to the BIO token.
Users can participate in the farming event by locking BNB and FDUSD in the respective pools. However, the same tokens cannot be locked in multiple pools simultaneously. At the end of the farming period, any locked tokens and unclaimed rewards will be automatically transferred to users’ spot accounts. Due to local regulations, users in certain countries, such as Australia, Canada, the United States, North Korea, and Iran, will not be eligible to participate.
The APY and total pool balance for each pool will be updated in real time. Binance reserves the right to disqualify participants engaging in fraudulent activities. Additionally, users must complete KYC verification to participate in the Launchpool.
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