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Binance, the world’s leading cryptocurrency exchange, has announced BIO as the next project to be featured on their Binance Launchpool staking platform.
Users will be able to earn BIO Protocol (BIO) tokens on Binance by staking their BNB tokens or FDUSD stablecoins until January 2rd. Users will be able to withdraw the staked coins at any time, while still keeping their BIO token rewards.
3% of the total BIO token supply will be distributed to users on the Launchpool – that amounts to 99.6 million BIO tokens out of the 3.32 billion total supply.
BNB stakers will receive 85% of these rewards, while those staking FDUSD will receive the remaining 15%. It should be noted that the amount of BIO you earn depends on how big your stake is, relative to the size of the entire staking pool.
There is also an hourly cap in place, dictating how much BIO users can earn in an hour – for BNB stakers it’s 35,275 BIO per user, while for FDUSD it’s 6,225 BIO.
After the BIO Launchpool Campaign, BIO will be listed on Binance on January 3rd.
What is BIO Protocol (BIO)?
BIO Protocol is a pioneering curation and liquidity protocol for Decentralized Science (DeSci), dedicated to accelerating biotechnology. They aim to empower global communities of patients, scientists, and biotech professionals to collectively fund, develop, and own tokenized biotech projects and intellectual property (IP).
The team behind BIO has been instrumental in creating Molecule, a tokenization platform for early-stage biomedicine, and VitaDAO, the largest decentralized community focused on longevity science. Building on these achievements, BIO aims to drive the growth of an onchain scientific economy through decentralized funding, incentives, and liquidity mechanisms.
The BIO token provides holders with access to BIO’s extensive network of scientific communities and IP, offering broad exposure to the evolving DeSci economy.
The initial DeSci DAOs were established before BIO Protocol separated from Molecule, and there are currently 7 of them. After the establishment of BIO Protocol, these DAO organizations were first incorporated into the BIO network. During the previous BIO Genesis Event, users had to exchange tokens from these DAO organizations for BIO tokens, making these DAO tokens a component of BIO network assets.

👉VitaDAO: Raised over $5 million in the field of longevity science, supported by Pfizer's venture capital arm and Balaji Srinivasan, and collaborates with Newcastle University. Notably, VitaDAO is the "oldest of the old," being the first DeSci DAO of Molecule, the ancestor of DeSci and the mother of the BIO protocol, focusing on research in the longevity field. The current BIO Protocol association is also a Swiss nonprofit organization founded by key members of VitaDAO.
👉HairDAO: Focused on hair loss; the DAO owns patents and consumer products Follicool.
👉CerebrumDAO: Promotes brain health, raised over $1.5 million, and has an agreement with Fission Pharma to address mitochondrial dysfunction in neurodegenerative diseases.
👉ValleyDAO: Focused on synthetic biology, raised over $2 million, and collaborates with Imperial College London.
👉AthenaDAO: Promotes women's health research and development, providing $500,000 in funding for translational research, with 14 intellectual property transactions pending.
👉CryoDAO: Promotes the development of cryobiology, raised over $3 million in the field, and established projects with Oxford Cryo Technology an Advanced Neurobiology.
👉PsyDAO: Focused on psychedelic drugs, launched a new platform OPSY utilizing psychedelic drug trials and data.
Currently, BIO Protocol has announced its roadmap for 2025, which includes:
👉The BIO token will undergo TGE on the Ethereum mainnet on January 3;
👉The BIO token will be launched on Solana and Base networks;
👉New BioDAOs will be launched;
👉BIO/BioDAO liquidity pools;
👉A new BIO Launchpad will officially go live.
👉With the launch of the BIO token on Binance, the DeSci field may usher in a new wave of excitement.

The Future of Bio Protocol’s Crypto $BIO Token
Expansion of DeSci with BIO Token: Bio Protocol is one of the leading firms in the DeSci movement, offering a platform for scientific research and innovations through its BioDAO platform. The BioDAO platform has already launched several scientific projects, raising millions in funding. This platform will expand with the $BIO token to include eight different DAOs, such as AthenaDAO, CerebrumDAO, and HairDAO.
Future Network Integrations: As the token continues to grow within the Binance ecosystem, its extension will be extended to both the Solana and Base networks. The further incorporation into mainstream adoption of DeSci DAOs for even more scientific projects means this technology is being extended toward more significant incorporation within blockchain networks.
How to earn BIO tokens on Binance Launchpool
If you want to earn BIO farming rewards, you’ll need a Binance account.
Please keep in mind that only users who complete an identity verification process with Binance are eligible to participate in Usual farming on Binance Launchpool.
Once your account is ready, you’ll need some BNB or FDUSD tokens to stake. If you already own these tokens, you can deposit some to your Binance account. Otherwise, Binance offers plenty of ways to buy them with crypto or fiat.

After your account is verified and loaded with BNB and/or FDUSD, go to the menu on the top side of the Binance interface and select "More." Then, go to "Launchpool."
Then, find the available farming pools. Depending on which tokens you want to stake, select the FDUSD Pool or BNB Pool. Then, follow the instructions provided by the exchange.

As a final note, here’s a quick breakdown of key dates and information about the BIO Protocol Launchpool campaign:

Launching $BIO on the Binance Launchpool is a great first step towards taking DeSci into the scientific community in a blockchain-enabled way. With robust support from Binance, a $70 million funding record, and expansion plans across major networks like Solana and Base, $BIO is up for the ride of giant growth. This step will open the gate to wonderful opportunities for both investors and scientists who might want to participate in breakthrough projects, which may in the long run shape future scientific research and development.
#BinanceLaunchpoolBIO

Your ability to use technical analysis in order to make good trading decisions and inevitably make money in any market is imperative and it's something you cannot do if you do not understand some parts of technical analysis or if you don't know how to use them correctly then that is likely a huge reason that you are currently either losing money as a trader or struggling to create profits over time so for that reason today we will learn how Technical analysis works.
Technical Analysis can help you to identify trends and can help you to plan your Entry and exit on any specific Coin.
There are so many tools and techniques that traders use to predict the market direction but in this article we will start from the basics and focus on Support and Resistance Analysis i will also Share some live examples so you can understand it more better.
What is support and resistance?
Support and resistance are two important concepts in technical analysis, a methodology commonly used in financial markets to predict future price movements. Understanding these concepts can provide valuable insights for traders and investors.
Support
Support refers to a price level where demand is expected to be strong enough to prevent the price from falling further. It acts as a floor, preventing prices from declining.
Technically, it is the price point at which the number of buyers in the market exceeds the number of sellers, leading to increased purchasing activity and a halt in the downward price movement.

Chart Example

You can see how each time price reached that area and bounced , this represents that this area is a support and buyers don’t want to let the price go below it.

Resistance
On the other hand, resistance is a price level where supply is expected to be strong enough to prevent the price from rising further. It acts as a ceiling, preventing prices from moving higher.
Resistance occurs when the number of sellers in the market exceeds the number of buyers, leading to increased selling pressure and a halt in the upward price movement.
Chart Example

In the above picture you can see how the price is getting rejected each time its
approaching the area of resistance.
Similar to support, traders and analysts identify resistance levels based on historical price patterns and previous highs. Most of the traders use these levels to take profits on their buys or open shorts depending on what they want to do.
How to draw Support Levels?
First i will show you a whiteboard picture how you can actually draw it and how it looks like and then we will see a live example on chart.
Before we start drawing it, remember that technical analysis doesn’t guarantee you that your analysis will always be right, you can be wrong and the probability of a failed TA will always be there.

Carefully read the above picture and notice i mentioned “You’re expecting it to be a support”  that means you do not have any confirmation yet that this area will act as a support or not unless price gives you a bounce from that area as i marked it later.

Chart example

Here is the real time example from the chart how the support is developed. 
Horizontal Resistance
Drawing resistance level will be the same as support level but it is the other way around

Same description as the support.

Remember that at least three touches of the level you use as support or resistance makes it a strong area.

Now Lets Apply Support and Resistance levels on a live chart
Here is the live chart of $BNB How price respected that $180 - $240 Support zone the whole time.

Here is the live example how $70k zone is reacting as resistance on $BTC

Important Message
Remember that if you want to take the full advantage of #TechnicalAnalysis make sure you’re trading where the trend is. Support and resistance works perfectly when the trend is bullish or bearish. 
When the overall market trend is bullish your support levels will most likely work , when the market is bearish and you are trying to trade support levels it can fail your analysis because you’re taking a counter trend trade. Even though your analysis is right you can still lose money because that is how markets are designed. 
Long Story short
Never short a resistance in Bull market
Never Buy a Support in Bear Market
Trend is your Best friend
So keep in mind to follow the trend first and then apply your analysis on it. 

Technical Analysis is just a tool to find your entry and Exit levels once you take a trade setup then comes the Risk Management and it is one of the key essential of trading i would say it's more important than knowing the technical analysis. If you're good at drawing levels on charts but your risk management is bad you will always struggle trading.

In My next trading lesson we will learn Risk Management.

If you learned something from this Article, Do not forget to leave your feedback.