Binance has added Bio Protocol's $BIO token as its 63rd project on the Binance Launchpool. Users can start farming the BIO token from Tuesday to the following Friday. This move demonstrates Binance's commitment to expanding its offerings and supporting innovative projects in the decentralized science sector.
The Bio Protocol has a well-designed tokenomics structure, with approximately 56% of the total circulating supply of BIO tokens allocated to community and ecosystem participants. Early contributors receive around 25.4% of the total supply, while 18.6% is reserved for early backers. Early contributors have a lock-up period of over six years, with a one-year cliff unlock, ensuring long-term commitment to the project. Early backers also have a vesting period of four to six years, further solidifying the project's foundation.
The Binance Launchpool will distribute a total of 99.6 million BIO tokens, representing 3% of the total Genesis token supply. Each day, 9.96 million BIO tokens will be allocated through the BNB and FDUSD pools, with a distribution ratio of 85% to 15%, respectively. The hourly hard cap for users is set at 35,275 BIO tokens in the BNB pool and approximately 6,225 BIO tokens in the FDUSD pool, creating a structured and fair distribution mechanism for participants.
The Bio Protocol has become a prominent player in the decentralized science sector, incubating scientific projects with over $70 million in funding through DeSci DAOs. The BIO token will soon be extended to the Solana and Base networks to enhance adoption and accessibility. This expansion is expected to open new avenues for growth and engagement within the scientific community. The Bio Protocol currently comprises eight DAOs, including AthenaDAO, CerebrumDAO, and VitaDAO, all contributing to the goal of advancing scientific inquiry and innovation.
As the decentralized science economy continues to evolve, the Bio Protocol is well-positioned to capitalize on the growing interest in blockchain applications within the scientific domain. With a net market cap exceeding $300 million, the project is poised to attract further investment and participation, driving the global scientific market towards a more inclusive and accessible future.