This time, the project is quite unique. We are already familiar with terms like DeFi (Decentralized Finance), DePIN (Decentralized Physical Infrastructure Network), and DeID (Decentralized Identity), which all start with "De."
Now, it’s time for DeSci (Decentralized Science). As the name suggests, DeSci refers to decentralized scientific technology, and the Bio Protocol project, which will be listed on Binance Launchpool, is leading this effort. Bio Protocol aims to replace traditional financial support with decentralized solutions for scientific research related to biological medicine, bringing together scientists, patients, and investors from around the world.
Especially for rare diseases, brain health issues, mental disorders, and areas like cell preservation, Bio Protocol provides a decentralized platform for sourcing the necessary funds for scientific research in these fields. It has already positioned itself as one of the first pioneering platforms combining biotechnology and blockchain, facilitating funding and ownership management for scientific research.
Additionally, Bio Protocol has created BioDAOs (Decentralized Autonomous Organizations) for each research field. These include COVID research DAOs and cell preservation technology DAOs. Bio Protocol is also striving to expand its efforts in areas like rare disease treatments, mental health therapies, and Climate-saving synthetic biology, potentially reaching a market value exceeding $1 trillion.
Through its decentralized platform, Bio Protocol will manage the financial aspects and facilitate the creation of communities of researchers and patients for each relevant field. Moreover, the ecosystem created by Bio Protocol's communities and DAOs will allow for the joint ownership and monetization of intellectual property through IP-NFTs, ensuring transparency and fair profits for every new creation.
Investors in Bio Protocol include Binance Labs and Pfizer Ventures, though the exact investment amounts have not been disclosed. Bio Protocol is Binance Labs’ first DeSci investment, marking it as a potential project to watch.
BIO is the native token of Bio Protocol, which will be used across the protocol. Its total supply is capped at 3.32 billion, though additional tokens may be minted based on BioDAO’s decisions.
Token allocation is as follows:
56% for the community
20% for community auctions
6% for airdrops
25% for ecosystem rewards
5% for Molecule Ecosystem Fund
13.6% for investors
21.2% for core contributors
4.2% for advisors
5% for Molecule.
On Binance Launchpool, 3% of the genesis supply will be available for farming. From December 24th, 2024, 6:30 AM to January 2nd, 2025, 6:30 AM, users can stake BNB or FDUSD to farm BIO tokens. The BNB pool contains 84,660,000 BIO, and the FDUSD pool holds 14,940,000 BIO.
Users staking BNB can farm up to 35,275 BIO per hour, while staking FDUSD will yield up to 6,225 BIO per hour. BIO will be listed on Binance Spot on January 3, 2025, without a pre-market launch.
Last but not least, if you’ve already locked your BNB in staking, don’t you worry!
You can still participate in the Launchpool and farm BIO tokens without needing to redeem your locked BNB.