Binance Rolls Out Support for BIO Protocol (BIO) Native Token of 'Decentralized Science' Project

Binance Launchpool, which lets users stake coins to farm new assets, says its 63rd project will be BIO Protocol (BIO), a decentralized platform

Binance, the leading global crypto exchange by trading volume, is extending support for the new native token of a “decentralized science” project.

Binance Launchpool, which enables users to stake coins to farm new assets, is announcing that its 63rd project will be the decentralized platform BIO Protocol (BIO), which aims to advance biotechnology through collective funding and the tokenization of biotech projects.

“BIO is a curation and liquidity protocol for decentralized science (DeSci). Our mission is to accelerate biotechnology by giving global communities of patients, scientists and biotech professionals the ability to collectively fund, build and own tokenized biotech projects and intellectual property (IP),” the project states.

The team behind BIO also helped create Molecule, a tokenization platform for early-stage biomedicine, and VitaDAO, the largest decentralized community for longevity science.

“Building on these successes, BIO is designed to catalyze an on-chain scientific economy through decentralized funding, incentives and liquidity. The BIO token gives holders access to BIO’s network of scientific communities and IP, enabling broad exposure to the DeSci economy.”

Binance Launchpool is planning to roll out support for BIO on Tuesday. Binance will also be enabling BIO for spot trading, starting on January 3rd, 2025.

BIO founder Paul Kohlhaas is celebrating the listing on the social media platform X.

“Time to let liquid science flow. Thrilled to share Bio Protocol listing on Binance on Jan. 3. BIO is designed as a liquidity bridge from CeFi into DeSci – stay tuned for go-live of our liquidity engine. Thanks to all scientists, builders and supporters of Bio Protocol ecosystem.”

Binance will be attaching a seed tag to BIO, which the exchange applies to lower-liquidity projects that may exhibit higher volatility compared to other listed tokens.

Binance requires users who own assets with seed tags to pass quizzes every 90 days to ensure they’re fully aware of the risks before trading the tokens.

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