[Latest News]
According to official news, Binance Launchpool has launched Bio Protocol (BIO). Users can deposit BNB and FDUSD into the BIO reward pool on the Launchpool website after 08:00 (UTC+8) on December 24, to earn BIO. The BIO activity lasts a total of 10 days.
New Listing:
Binance listing Bio Protocol (BIO) time: January 3, 2025, 18:00 (UTC+8), opening trading markets for BIO/USDT, BIO/BNB, BIO/FDUSD, and BIO/TRY.
One. Project Overview
The BIO protocol is the financial layer of DeSci, aiming to accelerate the influx of capital and talent into on-chain science. bioDAO can use the auction contracts of the BIO protocol to raise funds and directly apply the funds to research programs, IP assets, and other biotechnology organizations.
Tags: DeFi, DeSci
Establishment Date: 2022
Two. Financing Situation
August 20, 2024: BIO Protocol announces the completion of the $6.22 million first round Genesis auction financing, exceeding the original target of approximately $5 million.
November 8, 2024: Binance Labs announces an investment in the DeSci project BIO Protocol, with the investment amount undisclosed. This investment marks Binance Labs' first investment in the DeSci field.
November 13, 2024: The DeSci project BIO Protocol has completed community token financing Genesis Round 2.5, raising a total of $2.9 million, with the total value of assets exchanged for BIO by users reaching $2.93 million.
Three. Token Economics
According to previous information from the project white paper, the total supply of BIO Genesis distribution is divided into the following parts:
1. Community (Total 56%):
Community Airdrop (6%): 199,200,000 BIO
Community Auction (20%): 664,000,000
BIO Ecosystem Incentives (25%): 830,000,000
BIOMolecule Ecosystem Fund (5%): 166,000,000
2. Other BIO allocations are as follows:
Core Contributors (21.2%): 703,840,000
BIO Investors (13.6%): 451,520,000
BIOMolecule (5%): 166,000,000
BIO Advisor (4.2%): 139,440,000 BIO
Four. BIO Launch Pool Details
Token Name: BIO Protocol (BIO)
Maximum Token Supply: 3,320,000,000 BIO (dynamic, may increase through network governance)
Total Supply of Genesis Tokens: 3,320,000,000 BIO
Launchpool Token Rewards: 99,600,000 BIO (accounting for 3% of total supply of Genesis tokens)
Initial circulating supply at Binance spot listing: 1,296,529,168 BIO (accounting for 39.05% of the total supply of Genesis tokens)
Locked BNB: Rewards 84,660,000 BIO (85%)
Locked FDUSD: Rewards 14,940,000 BIO (15%)
Farming Time: December 24, 2024 00:00 (UTC) to January 2, 2025 23:59 (UTC).
Five. Summary
After a long hiatus, the Binance Launchpool project is back, and this time the project is the long-awaited DeSci "leader" - BIO. Its mission is to enable the global community of patients, scientists, and biotechnology professionals to co-fund, build, and own tokenized biotechnology projects and intellectual property (IP), thereby accelerating the development of biotechnology.
Disclaimer: All information in this article is for communication and sharing purposes only and does not constitute any investment advice. Please comply with the relevant laws and regulations of your region. Investment refusal, risk assumed.