Crypto Exchange Binance Announces Support for New ‘Decentralized Science’ Altcoin Project
Binance, the top global crypto exchange by trading volume, is rolling out support for the new native token of a “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 aiming to advance biotechnology through collective funding and the tokenization of biotech projects.
Says the project,
“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 team behind BIO 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 plans to roll out support for BIO on Tuesday. Binance also says it will support BIO for spot trading starting 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 attach 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 aware of the risks before trading the tokens.
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