Binance new BIO protocal , BIO Coin as 63rd project on its launch pool

 Binance has introduced BIO Protocol (BIO) as the 63rd project on its Launchpool platform, enabling users to earn BIO tokens by staking BNB and FDUSD. 

Key Details:

Farming Period: December 24, 2024, to January 2, 2025.

Total Tokens Distributed: 99.6 million BIO, representing 3% of the total supply.

Distribution Allocation:

85% to BNB stakers.

15% to FDUSD stakers.

Hourly Cap per User:

BNB Pool: 35,275 BIO.

FDUSD Pool: 6,225 BIO.

Token Listing: BIO will be listed on Binance on January 3, 2025, with trading pairs BIO/USDT, BIO/BNB, BIO/FDUSD, and BIO/TRY. 

About BIO Protocol:

BIO Protocol is a curation and liquidity protocol for Decentralized Science (DeSci), aiming to accelerate biotechnology by empowering global communities to collectively fund, develop, and own tokenized biotech projects and intellectual property. 

Participation Steps:

1. Account Setup: Create a verified account on Binance.

2. Token Acquisition: Deposit or purchase BNB and/or FDUSD.

3. Staking:

Navigate to the Launchpool section on Binance.

Select the BIO pool corresponding to your tokens.

Stake your BNB or FDUSD to start earning BIO rewards.

Staked tokens can be withdrawn at any time, and rewards are distributed proportionally based on the amount staked relative to the total pool. 

Current Participation Metrics:

As of December 25, 2024, users have locked approximately 17.95 million BNB and 1.37 billion FDUSD in the BIO Launchpool. 

For more detailed information and updates, please refer to Binance's official announcements and support pages.

Disclaimer:

The information provided in this article is for educational and informational purposes only and should not be construed as financial, legal, or investment advice. Cryptocurrency investments carry significant risks, including market volatility and potential loss of capital. Always conduct thorough research and consult with a qualified financial advisor before making any investment decisions. The author and publisher are not responsible for any losses or damages resulting from the use of this information.