A cryptocurrency designed to fund scientific research, BIO Protocol (BIO), has seen a huge price jump after being listed on Binance, the world’s largest cryptocurrency exchange.
Binance Listing Sends BIO Protocol Skyrocketing
Binance announced that BIO would be added to several of its services, including Simple Earn, Buy Crypto, and Binance Futures. Almost immediately after the announcement, BIO’s price surged from $0.6738 to $0.8382 – a 23.5% increase.
BIO Protocol: Decentralized Science on the Blockchain
BIO is an Ethereum-based token aiming to revolutionize how biotech projects are funded. The project’s goal is to create a decentralized system where patients, scientists, and biotech professionals can collaborate on and collectively own biotech projects and intellectual property (IP). This involves forming “bioDAOs” (decentralized autonomous organizations) to manage these projects internationally. A key feature is secure, decentralized data sharing, ensuring researchers retain ownership of their IP and data throughout collaborations.
A Promising Future?
The launch of BIO Protocol coincided with its Binance listing, making a strong debut in the crypto market. While the price increase is impressive, remember that cryptocurrency investments are inherently risky. Always do your own research before investing.
