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Cryptocurrency News Articles
BIO Protocol (BIO) to Premiere on Binance Launchpool
Dec 24, 2024 at 12:01 am
Binance, the world's leading cryptocurrency exchange, has announced BIO as the next project to be featured on their Binance Launchpool staking platform.
Binance, the leading cryptocurrency exchange, has announced that BIO Protocol (BIO) will be the next token to join Binance Launchpool. Users will be able to earn and claim BIO tokens by staking their BNB or FDUSD tokens from December 22nd to January 2nd.
Users will be able to withdraw their staked coins at any time, and they will still keep the BIO token rewards they have earned.
Earn BIO on Binance
A total of 3% of the BIO token supply will be up for grabs on the Launchpool, out of the total 3.32 billion BIO tokens.
Of these Launchpool rewards, 85% will go to BNB stakers, and the remaining 15% will be allocated to FDUSD stakers. It is important to note that the amount of BIO you earn will depend on the size of your stake relative to the entire staking pool.
There is also an hourly cap on how much BIO users can earn in an hour, which is 35,275 BIO per user for BNB stakers and 6,225 BIO per user for FDUSD stakers.
Following the BIO Launchpool Campaign, BIO will be listed on Binance on January 3rd in the pre-market.
Introducing @bioprotocol $BIO on Binance Launchpool! Farm BIO by locking BNB and FDUSD
What is BIO Protocol (BIO)?
BIO Protocol is a curation and liquidity protocol for Decentralized Science (DeSci), aiming to advance biotechnology. They envision empowering global communities of patients, scientists and biotech professionals to collectively fund, develop and own tokenized biotech projects and intellectual property (IP).
The team behind BIO has played a pivotal role in creating Molecule, a tokenization platform for early-stage biomedicine, and VitaDAO, the premier decentralized community advancing longevity science. Building upon these endeavors, BIO aims to propel the growth of an onchain scientific economy through decentralized funding, incentives and liquidity mechanisms.
The BIO token grants holders access to BIO’s vast network of scientific communities and IP, providing broad exposure to the evolving DeSci economy.
How to earn USUAL tokens on Binance Launchpool
To participate in earning Usual farming rewards, you will need a Binance account.
Create Binance Account
It is important to note that only users who complete an identity verification process with Binance are able to earn Usual by farming on Binance Launchpool.
Once your account is ready, you will need some BNB or FDUSD tokens to stake. If you already own these tokens, you can choose to deposit some into your Binance account. Otherwise, Binance provides multiple options for purchasing them with crypto or fiat.
After verifying your account and ensuring you have BNB and/or FDUSD in your account, locate the menu on the upper side of the Binance interface and select “More.” From there, proceed to “Launchpool.”
Next, you should be able to see the available farming pools. Depending on which tokens you wish to stake, choose either the FDUSD Pool or BNB Pool and follow the instructions provided by the exchange.
As a final note, here's a quick rundown of key dates and info for the BIO Protocol Launchpool campaign:
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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