Binance, the largest crypto exchange globally, has expanded its trading services with the listing of BIO Protocol (BIO). This development led to a significant increase in the value of BIO.
Price Increase After Binance
After the announcement made by Binance, the price of BIO increased by 23.5% in just a few hours, reaching $0.8382. This increase aroused great interest among investors.
BIO Protocol is an Ethereum platform aimed at accelerating biotechnology $3,588.6 It is an ERC-20 based token. The protocol supports scientific collaborations by enabling global patients, scientists and biotechnology professionals to jointly finance, build and own tokenized biotech projects and intellectual property.
Features of the Protocol
The protocol is positioned as a financial layer that aims to increase talent and financial flows for decentralized science. It aims to help decentralized autonomous organizations called “bioDAOs” fund and manage scientific intellectual property by researchers, companies and universities.
“Binance is excited to announce the addition of BIO Protocol to the Binance Simple Earn, ‘Buy Crypto’, Binance Convert, Binance Margin, Binance Auto-Invest and Binance Futures platforms.”
By adopting decentralized data sharing as an important element, BIO Protocol ensures that researchers protect intellectual property and data ownership during the scientific collaboration process.
BIO Protocol went live on-chain with the Binance listing. This move supports the project to reach a wider user base and the growth of the ecosystem.
The aim of the protocol is to encourage greater innovation in the field of biotechnology and to bring a new understanding of financing scientific projects on a global scale. In this way, it is aimed to make research and development processes more democratic and accessible.
As a result, the listing of BIO Protocol by Binance is considered an important indicator of the convergence of crypto and science. The goals of the protocol and the features it offers aim to contribute to the development of decentralized solutions in the field of biotechnology. This development, which offers new opportunities for investors and scientists, can strengthen the integration with science in the crypto world.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
