An altcoin at the forefront of cryptocurrency and science is coming back to life after a new Binance listing.
Binance, the world’s largest cryptocurrency exchange by trading volume, has expanded trading services for Bio Protocol (BIO).
“Dear Binanians,
Binance is pleased to announce that the BIO Protocol (BIO) is being added to Binance Simple Earn, ‘Buy Cryptocurrency’, Binance Convert, Binance Margin, Binance Auto Invest, and Binance Futures…
Within hours of the announcement, BIO rose 23.5% from $0.6738 to its current price of $0.8382.
BIO is an ERC-20 token based on Ethereum (ETH). According to the protocol website, the BIO Protocol “provides a global community of patients, scientists, and biotechnology experts the ability to collectively fund, build, and own tokenized biotechnology projects and intellectual property (IP).” The goal is to “accelerate biotechnology by doing so.”
The protocol positions itself as a financial layer that helps drive talent and financial influx into decentralized science. We seek to support the formation of a “bioDAO” (Decentralized Autonomous Organization) that will help researchers, companies and universities fund and govern scientific IP internationally.
One of the essential elements of the protocol is decentralized data sharing, allowing researchers to maintain IP and data ownership across scientific collaborations.
The BIO protocol was launched on-chain at the same time as the Binance announcement.
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