Goals of BIO Protocol
BIO Protocol aims to solve challenges faced by traditional biotech research by:
Curation of BioDAOs: Allowing the community to identify and support high-potential BioDAOs through staking and governance.
Funding Scientific Innovation: Providing ongoing financial support for biotech projects, starting from the earliest stages.
Ensuring Liquidity: Supporting BioDAOs with liquidity solutions, so they can focus on research instead of market management.
Commercializing IP: Helping to tokenize and commercialize scientific research outputs for sustainable value creation.
Standardizing BioDAO Frameworks: Developing templates and infrastructure to create efficient, scalable BioDAOs.
Benefits of BIO Protocol
BIO Protocol introduces several benefits for both its participants and the broader scientific community:
Decentralized Funding: Breaking down barriers in traditional scientific funding by allowing global communities to contribute.
Shared Ownership: Contributors can own a portion of the IP generated by funded projects.
Access to Innovation: Early supporters of BioDAOs gain priority access to tokens, research findings, and biotech products.
Liquidity and Stability: Ensures BioDAO tokens have robust and sustainable markets, reducing financial risks for participants.
Governance Participation: BIO token holders have a voice in decisions about BioDAOs and the protocol itself.
BIO Tokenomics
The $BIO token is the native governance and utility token of the BIO Protocol. It serves as the backbone of the ecosystem, enabling holders to participate in curation, funding, governance, and liquidity management.
Key details about the BIO token include:
Token Name: BIO Protocol (BIO)
Max Supply: 3,320,000,000 BIO (dynamic, with governance control over future inflation)
Initial Circulating Supply: 1,296,529,168 BIO (39.05% of total supply)
Binance Launchpool Allocation: 99,600,000 BIO (3% of total genesis supply)
Token Allocation and Distribution
The total supply of $BIO is distributed across several categories to balance community participation, ecosystem growth, and contributor rewards:
Community (56%):
Includes 25% for ecosystem incentives, 20% for community auctions, and 6% for airdrops.
Core Contributors (21.2%):
Reserved for team members responsible for building the protocol, with a 6-year vesting schedule.
Investors (13.6%):
Allocated to strategic backers, with a 1-year cliff and a 4-year vesting period.
Advisors (4.2%):
Given to experts supporting the protocol’s development, subject to a long-term vesting plan.
This distribution ensures long-term sustainability and alignment of incentives across all participants in the BIO ecosystem.
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