The cryptocurrency exchange Binance introduced the Bio Protocol (BIO) altcoin as part of its Launchpool program. This new decentralized science (DeSci) protocol will be the 63rd project to engage with users. Participants can earn the BIO AirDrop by locking BNB and FDUSD coins. The farming period is set to commence on December 24, 2024, at 03:00 UTC.
Farming Details and Participation Conditions for Bio Protocol
The BIO coin farming process will last a total of ten days. Participants can acquire a total of 99.6 million BIO from BNB and FDUSD pools. During this farming period, 85% of total rewards will be allocated to the BNB pool, while 15% will go to the FDUSD pool. Each participant can earn a limited hourly reward of 35,275 BIO from the BNB pool and 6,225 BIO from the FDUSD pool.
BIO Coin and Listing Plans
A maximum supply of 3.32 billion BIO coins has been established, with community governance potentially allowing for increases. Binance plans to list the BIO coin on January 3, 2025, after the farming period, with trading pairs available in BIO/USDT, BIO/BNB, BIO/FDUSD, and BIO/TRY.
At listing, 39.05% of the total BIO supply, approximately 1.3 billion BIO, will be in circulation. Binance indicated that the BIO coin would trade under the “Seed Tag” label. Users looking to participate in the farming operation must complete their KYC verifications. Further information regarding the farming and listing processes will be provided before a detailed project report is published.
