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The world’s largest cryptocurrency exchange, Binance, has expanded its trading services with the listing of the BIO Protocol (BIO). This development has led to a significant increase in the value of BIO.
Price Surge Following Binance Announcement
After Binance’s announcement, the price of BIO surged by 23.5% in just a few hours, reaching $0.8382. This increase has sparked significant interest among market participants.
BIO Protocol is an Ethereum 
$2,501-based ERC-20 token aimed at accelerating biotechnology. The protocol supports global patients, scientists, and biotechnology professionals to co-finance, build, and own tokenized biotech projects and intellectual properties, thereby fostering scientific collaborations.
Features of the Protocol
The protocol positions itself as a financial layer aimed at enhancing capabilities and financial flows for decentralized science. It seeks to assist decentralized autonomous organizations, known as “bioDAOs,” in financing and managing scientific intellectual property by researchers, companies, and universities.
“Binance is excited to announce that BIO Protocol will be added to Binance Simple Earn, ‘Buy Crypto’, Binance Convert, Binance Margin, Binance Auto-Invest, and Binance Futures platforms.”
By embracing decentralized data sharing as a key element, BIO Protocol ensures that researchers can protect intellectual property and data ownership during the scientific collaboration process.
With the Binance listing, BIO Protocol has gone live on-chain. This move supports the project’s reach to a broader user base and promotes growth within the ecosystem.
The aim of the protocol is to encourage more innovation in biotechnology and bring a new understanding to global funding of scientific projects. This way, research and development processes are intended to become more democratic and accessible.
In conclusion, the listing of BIO Protocol by Binance is considered a significant indicator of the convergence between cryptocurrency and science. The goals and features of the protocol aim to contribute to the development of decentralized solutions in biotechnology. This development, offering new opportunities for researchers and scientists, can strengthen the integration of science within the crypto world.
