A new altcoin at the intersection of cryptocurrency and science is making waves after being listed on Binance, the world’s largest crypto exchange by trading volume.
As per the recent announcement from Binance, trading services for BIO Protocol (BIO) have been expanded on various platforms including Binance Simple Earn, ‘Buy Crypto’, Binance Convert, Binance Margin, Binance Auto-Invest, and Binance Futures.
Following the news, the price of BIO surged from $0.6738 to its current price of $0.8382, marking a significant 23.5% increase.
BIO is an ERC-20 token based on the Ethereum blockchain. The protocol’s primary objective is to accelerate biotechnology by enabling global communities of patients, scientists, and biotech professionals to collectively fund, develop, and own tokenized biotech projects and intellectual property.
Positioning itself as a financial layer, BIO Protocol aims to facilitate the flow of talent and financial resources into decentralized science. It intends to establish “bioDAOs” (decentralized autonomous organizations) to support and govern scientific IP globally from various stakeholders such as researchers, companies, and universities.
One of the key features of the protocol is decentralized data sharing, allowing researchers to maintain ownership of their intellectual property and data throughout collaborative scientific endeavors.
Simultaneously with the Binance listing, BIO Protocol officially launched on-chain, further solidifying its presence in the crypto and biotech space.
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