Written by: KarenZ, Foresight News
When anything is intertwined with quantum, it seems to be 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, which was valued at approximately 6.886 million USD at the time, far exceeding the original target, achieving 1344.74% of the target fundraising amount.
This auction attracted 1032 bids in total, of which 635 bids successfully completed transactions. If we consider these successful bidding addresses as independent investors, then each investor invested an average of over 2.7 ETH (approximately 10,840 USD at that time). Notably, there were addresses that successfully invested as much as 71.6 ETH in a single transaction. Additionally, one investor expressed an investment intention of up to 88 ETH in a single transaction; unfortunately, their bid did not reach the final transaction price, and they were unable to acquire the tokens.
So, what exactly is the '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 promoting contain?
What is Quantum Biology DAO?
According to an article titled 'The Future of Quantum Biology' published in the Journal of the Royal Society Interface, quantum biology primarily explores processes in organisms that cannot be accurately described by the laws of classical physics. Typical biological processes include examples of electron and/or vibrational energy transfer, as well as instances of electron transfer and magnetic field effects in bird migrations. Quantum effects manifest as long-distance effects (such as electron and proton tunneling effects), characterized by temperature dependence, magnetic field effects, the involvement of superposition (or delocalized) states, and resonance effects. Quantum biology may also have a tremendous impact on many technologies, including sensing, health, environmental, and information technology.
Quantum Biology DAO (abbreviated as QuantumBioDAO) also believes that quantum biology has a tremendous potential impact on health and longevity, bio-manufacturing, and the pharmaceutical industry. QuantumBioDAO has discovered that the weak magnetic field effects in biology can be measured, and these weak magnetic fields can influence DNA repair, cellular oxidation (a key mechanism for maintaining health), and the rate of cell division (a core mechanism of bio-manufacturing).
In the view of QuantumBioDAO, the impact of quantum biology is expected to further expand into 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. Meanwhile, the long-lived quantum states that are stable at room temperature in biology will inspire us to build more advanced quantum computers.
What QuantumBioDAO is doing is bridging the gap between fundamental science and traditional venture capital, building a bridge between experts in the field and the public, and actively engaging in educational work to demonstrate the close connections and importance of quantum biology to the public, thereby attracting more attention and funding into this field.
In accordance with the vision of QuantumBioDAO, it also plans to support the research and development of new quantum instruments. In particular, an optical microscope with nanosecond-level time resolution and optical detection magnetic resonance capabilities can directly detect the electronic spin superposition state inside cells without damaging them. Furthermore, QuantumBioDAO aims to create and capture valuable IP, accelerate the development of quantum biology, and assist in 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 (research institute), Quantum Biology DAO, and Quantum Biology Incubator (incubator).
Among them, the Quantum Biology Institute, as a non-profit organization located in California, aims to confirm that biological processes operate 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 fundamental scientific research in quantum biology, building a bridge between research institutes and incubators, and enhancing communication and contact 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, granting licenses for use to multiple parties.
The Quantum Biology Incubator focuses on incubating startups aiming to commercialize quantum biology research outcomes, with the goal of becoming the preferred provider of instruments and laboratory space for startups in the quantum biology field. Although the Quantum Biology Incubator has not yet been established, the research institute and DAO plan to hold a portion of the shares upon its establishment to coordinate incentives more effectively. Thus, any successful graduate from the incubator will bring financial returns to the research institute and DAO, ultimately driving towards complete self-sufficiency.
QuantumBioDAO Token Design
In terms of token economics design, the total supply of QBIO tokens is set at 1 billion. Of these, 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. In addition, 55% of the tokens are allocated to the treasury; 15% of the tokens are for community auctions, also with no release period; the remaining 3% are for community incentives.
As previously mentioned, QuantumBioDAO successfully held a community auction on BIO Protocol, raising a total of 1724.02 WETH, attracting 635 addresses to participate successfully. 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 3300 USD, translates to a unit price of 0.03447 USD per QBIO.
As for the 3% community incentive portion, QuantumBioDAO stated that it will develop a specific incentive plan after the token auction, based on the actual conditions and needs of the community.
Where does QuantumBioDAO's revenue come from?
Currently, QuantumBioDAO's main revenue comes from the aforementioned community auction activities. In the future, if the DAO governance mechanism allows, it can also sell additional tokens directly to raise more funds.
Of course, token sales are just the tip of the iceberg for the revenue diversification of QuantumBioDAO. QuantumBioDAO will also explore various other profit models, such as IP licensing, covering a wide range of fields including, but not limited to, IP related to magnetic field configuration, quantum biology instruments, authorized or anonymized patient data, or medical interventions processed and compiled by the DAO.
Additionally, QuantumBioDAO plans to support the construction of specific instruments, such as quantum microscopes and plug-and-play low magnetic field chambers (to facilitate the study of weak magnetic field effects), with hopes of achieving profitability through the sale or licensing of these instruments.
It is worth mentioning that the commercial deployment of the incubator under QuantumBioDAO will also inject new vitality into the DAO's treasury. Through the successful operation of the incubator and the deployment of commercial projects, QuantumBioDAO is expected to achieve sustained growth and diversification of revenue.
QuantumBioDAO Roadmap
Summary
Longevity and decentralized science (DeSci) are by no means exclusive domains of 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, so their in-depth development will undoubtedly require more time.
