CandleFocus DeSci tokens get a volume boost after Binance Launchpool adds Bio Protocol (BIO)
2024-12-23
Author: Content Editor
Binance has added Bio Protocol (BIO) to its launchpool, leading to a 31% increase in trading volumes for DeSci tokens. Binance will start trading BIO on January 3, 2025, after a farming period. The pool will distribute 99.6M BIO tokens, with hourly caps to ensure fair allocations. Binance expressed interest in the DeSci sector despite its underdeveloped status. BIO Protocol, backed by Binance, aims to consolidate the drive to create DeSci tokens through a curated selection of projects. The DeSci token sector is relatively small, valued at around $600M. Origin Trail (TRAC) is currently the leading DeSci token. Bio Protocol will serve as a governance asset and a platform for new DeSci DAO projects.
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