Friends in the crypto community must have heard of BIO recently, but do you know what this coin actually is? What accounts for its high increase? Don't worry, A-Kun will discuss it with everyone.
BIO is the governance token of BIO Protocol, primarily used for governance, decentralization, whitelisted access, curation management, and connecting to BioDAO, among other functions. BIO Protocol is a platform for funding and commercializing decentralized science (DeSci). The total supply of the genesis token is 3,320,000,000 BIO, with a maximum supply also being 3,320,000,000 BIO, which can be increased through network governance. The total for Launchpool is 99,600,000 BIO, accounting for 3% of the genesis token supply, and the initial circulation of the spot at the time of listing on Binance was 1,296,529,168 BIO, approximately 39.05% of the total genesis token supply.
Binance listed BioProtocol (BIO) on January 3, 2025, and opened trading pairs for BIO/USDT, BIO/BNB, BIO/FDUSD, and BIO/TRY. Users can participate in the Launchpool by staking BNB and FDUSD within the specified time to receive BIO airdrops. This listing is regarded as the first important new coin on Binance in 2025.
BIO showed significant volatility during its initial listing. The opening price was around $0.9, and it subsequently dropped to about $0.66 at one point. Nevertheless, some investors are optimistic about BIO's long-term prospects, believing it has a strong community foundation and technological advantages. Some investors suggest considering entry after the price pulls back to avoid becoming a bag holder.
The community's views on BIO are quite divided. On one hand, some investors believe that BIO, as an emerging DeSci project, has great development potential, especially with strong support from CZ (the founder of Binance). On the other hand, there are voices questioning the practical application scenarios and development prospects of BIO, suggesting it is more of a short-term speculative behavior.