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An altcoin on the frontier of where crypto meets science is coming alive following a new Binance listing.
According to Binance, the world’s largest crypto exchange by trading volume just expanded trading services for BIO Protocol (BIO).
“Fellow Binancians,
Binance is excited to announce that BIO Protocol (BIO) will be added to Binance Simple Earn, ‘Buy Crypto’, Binance Convert, Binance Margin, Binance Auto-Invest, and Binance Futures…”
In the hours following the announcement, BIO flew from $0.6738 to its current going price of $0.8382, a 23.5% increase.
BIO is an Ethereum (ETH)-based ERC-20 token. According to the protocol’s website, BIO Protocol aims 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 protocol places itself as a financial layer meant to help catalyze talent and financial inflows to decentralized science. It seeks to aid the formation of “bioDAOs” (decentralized autonomous organizations) that will help fund and self-govern scientific IP internationally from researchers, companies, and universities.
One essential element of the protocol is decentralized data sharing, allowing researchers to keep IP and data ownership throughout scientific collaboration.
BIO Protocol went live on-chain in concurrence with the Binance announcement.
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