The post DeSci tokens get a volume boost after Binance Launchpool adds Bio Protocol (BIO) appeared on BitcoinEthereumNews.com.

Binance has added to the emerging DeSci hype after it added one of the sector’s projects to its launchpool. As a result, trading volumes for DeSci tokens have grown by more than 31%.  Binance made another statement about its DeSci focus by adding Bio Protocol (BIO) to Binance Launchpool. The DeSci project is the 63rd selection for the launchpool, allowing users to mine rewards after depositing BNB and FDUSD. Binance Launchpool remains a tool for passive income, in addition to signaling Binance’s interest in coins and tokens.  $BIO is listing on Binance January 3rd! Let liquid science flow Bringing DeSci to 100m+ users on the most liquid crypto venue on the planet https://t.co/JxRYGAt9pm pic.twitter.com/KxXKVpd2S5 — BIO Protocol (@bioprotocol) December 23, 2024 Binance will start trading BIO on January 3, 2025. Before that, the exchange will have a 10-day farming period, starting from December 24. BIO farmers will have to lock up their BNB and FDUSD to receive airdrops for the launchpool period. After that, BIO will begin trading with a ‘Seed’ tag for potentially higher risk.  The pool will distribute 99.6M BIO or 3% of the total supply. To avoid unfair allocations to whales, Binance will also introduce hourly caps to BIO received. 85M BIO will be airdropped to stakers with BNB in their wallets, while the remaining 14.9% will go toward FDUSD holders. BIO tokens have a distribution that will favor early backers and investors. A community auction will distribute 20% of the BIO supply, with another 25% set aside for ecosystem incentives. Early investors will control 13.6% of the tokens. The total supply of 3.2B tokens will unlock over six years, with a one-year cliff unlock.  Binance has expressed its interest in DeSci despite the sector’s relatively underdeveloped status. Binance’s former CEO Changpeng “CZ” Zhao and Ethereum’s Vitalik…

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Filed under: News - @ December 23, 2024 3:20 pm