Rapid reading of the quantum biology DeSci project Quantum Biology DAO.
Written by: KarenZ, Foresight News
When anything intertwines with quantum, it seems instantly infused with a strong sense of futurism and mystery. Quantum biology is no exception.
Just this month, the Quantum Biology DAO raised 1724.02 WETH in a token auction on BIO Protocol, valued at approximately 6.886 million USD at the time, significantly exceeding the original target, reaching 1344.74% of the fundraising goal.
This auction attracted 1032 bids, with 635 bids successfully resulting in transactions. If these successful bidding addresses are considered independent investors, then each investor invested an average of over 2.7 ETH (approximately 10,840 USD at that time). Notably, there was an address that successfully invested up to 71.6 ETH in a single transaction. Additionally, one investor expressed an investment intention of up to 88 ETH in one transaction; unfortunately, their bid did not reach the final transaction price, and they were unable to acquire the tokens.
So, what exactly is this 'Quantum Biology DAO' with an average investment of over 10,000 USD per person? What mysteries and prospects does the quantum biology field it is committed to advancing hold?
What is Quantum Biology DAO?
According to an article published in the Journal of the Royal Society Interface titled 'The Future of Quantum Biology', quantum biology primarily explores processes in living organisms that cannot be accurately described by classical physics laws. Typical biological process examples include the transfer of electrons and/or vibrational energy, as well as the magnetic field effects in electron transfer and bird migration. Quantum effects manifest as long-distance effects (such as electron and proton tunneling), with characteristic temperature dependence, magnetic field effects, participation of superposition (or delocalized) states, and resonance effects. Quantum biology may also have a huge impact on many technologies, including sensing, health, environment, and information technology.
Quantum Biology DAO (abbreviated as QuantumBioDAO) believes that quantum biology has a tremendous potential impact on health and longevity, biomanufacturing, and the pharmaceutical industry. QuantumBioDAO has discovered that weak magnetic field effects in biology can be measured, and these weak magnetic fields can affect DNA repair, cellular oxidation (a key mechanism for maintaining health), and the rate of cell division (a core mechanism for biomanufacturing).
In the view of QuantumBioDAO, the impact of quantum biology will further extend to other fields and industries in the future. By appropriately configuring magnetic fields, we can make space travel safer and even nurture life on other planets while ensuring food supply. Moreover, the long-lived quantum states that exist stably at room temperature in biology will inspire us to build more advanced quantum computers.
What QuantumBioDAO is doing bridges the gap between foundational science and traditional venture capital, building a bridge between experts and the public in this field, and actively carrying out relevant educational work to demonstrate the close relationship and importance of quantum biology to the public, thereby attracting more attention and investment into this field.
According to QuantumBioDAO's vision, it also plans to support the research and development of new quantum instruments. In particular, an optical microscope with nanosecond time resolution and optical detection magnetic resonance capabilities can directly detect electronic spin superpositions inside cells without damaging them. Additionally, QuantumBioDAO aims to create and capture valuable IP, as well as accelerate the development of quantum biology, facilitating the launch of a series of quantum biology startups.
Quantum Biology DAO Ecosystem
The Quantum Biology ecosystem consists of three autonomous entities: the Quantum Biology Institute (the research institute), Quantum Biology DAO, and the Quantum Biology Incubator.
Among them, the Quantum Biology Institute, located in California as a non-profit organization, aims to confirm that biology operates at the quantum level and lay a knowledge foundation for future research and commercialization.
Quantum Biology DAO is legally a non-profit association (Verein) based in Switzerland, dedicated to promoting foundational scientific research in quantum biology, building bridges between the research institute and the incubator, and enhancing communication and connections between technical experts in the field and the public. Quantum Biology DAO may retain relevant intellectual property rights or fund the research and development of instruments and equipment, and grant usage licenses to multiple parties.
Quantum Biology Incubator focuses on incubating startups aimed at commercializing quantum biology research results, with the goal of becoming the preferred provider of instruments and laboratory space for startups in the field of quantum biology. Although the Quantum Biology Incubator has not yet been established, to coordinate incentives more effectively, the research institute and DAO plan to hold a portion of the shares upon its establishment. This way, any successful graduates from the incubator will provide financial returns to the research institute and DAO, ultimately promoting complete self-sufficiency.
QuantumBioDAO Token Design
In terms of token economics design, the total supply of QBIO tokens is set at 1 billion. Of this, 20% of the tokens are allocated to the core team, which will be fully locked for one year and gradually released over eight years; 7% of the tokens are allocated to service providers with no release period. Additionally, 55% of the tokens are earmarked for the treasury; 15% of the tokens are for community auctions, also with no release period; and the remaining 3% are for community incentives.
As mentioned earlier, QuantumBioDAO has successfully held a community auction on BIO Protocol, raising a total of 1724.02 WETH, attracting 635 addresses to successfully participate. This means that 150 million tokens will be distributed to these 635 addresses that successfully participated in the auction. The closing price of the auction was 0.00001149 WETH per QBIO, which, based on the current WETH price of 3,300 USD, results in a unit price of 0.03447 USD per QBIO.
Regarding the 3% community incentive part, QuantumBioDAO stated that it will develop a specific incentive plan after the token auction ends, combining the actual situation and needs of the community.
Where does QuantumBioDAO's income come from?
Currently, QuantumBioDAO's primary income comes from the aforementioned community auction activities. In the future, if additional tokens are sold directly through the DAO governance mechanism, more funds can be raised.
Of course, token sales are just the tip of the iceberg for QuantumBioDAO's revenue diversification. QuantumBioDAO will also explore various other profit models, such as IP licensing, which will cover a wide range of fields, including but not limited to IP related to magnetic field configurations, quantum biology instruments, licensed or anonymized patient data, or medical interventions processed and compiled by the DAO.
In addition, QuantumBioDAO also plans to support the construction of quantum microscopes, plug-and-play low magnetic field chambers (convenient for studying weak magnetic field effects), and other specific instruments, with the potential to achieve profits through the sale or licensing of these instruments.
It is worth mentioning that the business deployment of the incubator under QuantumBioDAO will also inject new vitality into the DAO's treasury. Through the successful operation of the incubator and deployment of commercial projects, QuantumBioDAO is expected to achieve sustainable growth and diversification of income.
QuantumBioDAO Roadmap
Summary
Longevity and decentralized science (DeSci) are by no means exclusive to the wealthy; they are gradually becoming more common public topics, paving the way for more people to participate in the democratization of science. However, we must recognize that research in these fields is complex, experimental techniques face numerous challenges, and scientific discoveries often follow an incremental path, thus their in-depth development undoubtedly requires more time.
