Binance Adds the BIO Crypto to Its Spot Exchanges: Debut of +2400%

The BIO token was initially presented on Binance as the 63rd project of the Launchpool section, where it was particularly appreciated by the users

Binance has just listed the BIO coin from the Bio Protocol project, achieving great success.

The token recorded a performance of +2400% in the first minutes of trading, momentarily reaching a capitalization of 1.1 billion dollars.

BIO had also been added to the launchpool section of Binance, where it attracted a lot of investment capital.

Let’s see all the details below.

Bio Protocol (BIO) is an innovative decentralized science (DeSci) project that recently debuted on Binance’s Launchpool.

This platform aims to revolutionize the landscape of scientific research by creating a decentralized funding and liquidity ecosystem for biotechnology.

Bio Protocol is based on blockchain technology to eliminate traditional obstacles related to centralized institutions and intermediaries, making science more accessible, collaborative, and transparent for everyone.

The project was launched by the founders of “Molecule”, a tokenization platform for biomedicine, and “VitaDAO”, a decentralized organization focused on science.

$BIO is live!Science will never be the sameLearn more about $BIO and how to join the community below pic.twitter.com/phs92o3ok2

At the center of Bio Protocol are the BioDAOs (Decentralized Autonomous Organizations), community-owned organizations that gather resources for scientific research.

These BioDAOs allow patients, scientists, and professionals in the biotechnology sector to collectively finance and own the copyright of revolutionary projects. The protocol ensures that these entities have the funding, liquidity, and tools necessary to achieve their goals, maintaining a decentralized governance.

Users can stake their BIO tokens to vote on which new BioDAOs should join the ecosystem, receiving exclusive benefits. Among the advantages for stakers, we find economic incentives such as early token sales or privileged access to biomedical research,

Furthermore, the protocol helps to commercialize the copyright of scientific research to create sustainable value in the long term.

The project is supported by some of the most well-known venture capital companies, including 1kx Network, Fifty Years Venture Capital, Binance Labs, and Northpond Ventures.

Bio Protocol represents a significant step towards more open and collaborative scientific research, leveraging the potential of blockchain to transform the way science is conducted and funded.

Most likely, the inclusion on the Binance platform will help make this new DeSci experiment more popular.

The BIO token was initially presented on Binance as the 63rd project of the Launchpool section, where it was particularly appreciated by the users of the exchange.

For ten days, between December 24, 2024, and January 2, 2025, the holders of BNB and FDUSD had the opportunity to farm the BIO coin at zero cost.

During the farming period, 99,600,000 BIO were distributed, equivalent to a current value of about 70 million dollars.

Today, however, the cryptocurrency has taken another step forward, with a listing on Binance spot exchanges across 4 different markets denominated in USDT, FDUSD, BNB, and TRY.

The debut was phenomenal: performance of +2400% in the first minutes, with BIO reaching a capitalization of 1.1 billion dollars.

Currently, it is trading at a price of 0.75 dollars, but it reached a top of 1.47 dollars in the first minutes of trading on Binance.

The trading volumes are equal to 257 million BIO, reflecting the strong market interest in this new promising cryptocurrency.

In addition to Binance, BIO has also been listed on other exchanges such as Bitget, Okx, Kucoin, Mexc, HTX, Gate.io, and Uniswap.

The circulating supply is 1.29 billion BIO, against the total supply set at 3.32 billion coins. As a result, the FDV is 2.48 billion dollars.

At the moment it is too early to make predictions about the price of this resource: the historical data and available information are limited to provide a reliable future target.

It is likely that the price action of BIO will be anchored in the first days to that of Bitcoin, subject to its movements both in bull and bear directions.

Attention to volatility: coins like BIO that have just crossed the doors of Binance could be subject to high fluctuation in quotations.

Although BIO may seem like a speculatively inviting asset, caution is still needed regarding the possible unexpected movements of the new coins listed on Binance.

According to reports from Dune Analytics, the exchange listed several cryptocurrencies in 2024 that recorded questionable performance.

In total, out of 25 tokens analyzed, only 7 boast a “current ROI%” positive, meaning their prices are higher compared to their listing prices.

This highlights a scenario where the new tokens added by Binance are disadvantageous to purchase on the first day of listing.

In particular, only NEIRO, XAI, TURBO, ZRO