Binance Launches Bio Protocol on Launchpool, Allowing Users to Farm BIO Tokens
Leading cryptocurrency exchange Binance has announced the introduction of Bio Protocol via its Binance Launchpool feature. Starting December 24, 2024, users can farm BIO tokens by staking BNB and FDUSD tokens.
As the world’s largest crypto exchange, Binance frequently rolls out updates like token listings, delistings, and new projects on Binance Alpha and Launchpool. The latest addition, Bio Protocol, allows users to lock their holdings to earn BIO tokens as rewards.
Farming BIO Tokens on Binance Launchpool
Binance Launchpool, a liquidity farming platform, enables users to earn passive income by staking cryptocurrency. Since its inception, Launchpool has listed 62 projects, and Bio Protocol will be its newest addition.
The farming period for BIO tokens begins at 00:00 UTC on December 24, 2024, and ends on January 2, 2025. During this time, 3% of the total BIO token supply will be distributed as farming rewards. Binance will support trading pairs for BIO/USDT, BIO/BNB, BIO/FDUSD, and BIO/TRY.
Bio Protocol: A Decentralized Science Initiative
Bio Protocol is a decentralized science (DeSci) project aiming to revolutionize scientific research funding and processes. It uses an open-access, peer-reviewed journal framework supported by its native token, BIO.
The Bio Protocol liquidity pool plays a crucial role in the ecosystem by enabling token swaps, maintaining price stability, and rewarding stakers. Additionally, a share of the fees generated within the liquidity pool will fund scientific research projects.
The launch of Bio Protocol on Binance Launchpool provides a vast user base access to its innovative features, helping the project achieve its mission of addressing significant challenges in scientific funding.
Today’s Crypto Highlights:
- Binance introduces Bio Protocol on Launchpool.
- BIO token farming begins December 24, 2024.
- Bio Protocol aims to redefine scientific funding through decentralized technology.
