Foreword
Binance Launchpool has launched its 63rd project - BIO Protocol (BIO), a decentralized science (DeSci) governance and liquidity protocol aimed at advancing biotechnology and improving human life.
All Binance users can invest BNB and FDUSD into the BIO reward pool on the Launchpool website after December 24, 2024, 08:00 (UTC+8) to earn BIO. The BIO activity lasts for a total of 10 days.
Binance will list Bio Protocol (BIO) on January 3, 2025, at 18:00 (UTC+8), and will open trading markets for BIO/USDT, BIO/BNB, BIO/FDUSD, and BIO/TRY, applicable to seed label trading rules.
Project Details
Token Name: BIO Protocol (BIO)
Total Genesis Token Supply: 3,320,000,000 BIO
Maximum Token Supply: 3,320,000,000 BIO (supply can be increased through network governance)
Launchpool Total: 99,600,000 BIO (3% of the total genesis token supply)
Initial circulating supply at Binance listing: 1,296,529,168 BIO (39.05% of the total genesis token supply)
Token Contract and Network Details: Ethereum (0xcb1592591996765Ec0eFc1f92599A19767ee5ffA) Please verify the contract address carefully to avoid purchasing counterfeit tokens.
The above are some information about the entire project. The year 2025 is approaching, and Binance's BNB is truly deserving of the title 'Golden Shovel'; as long as Binance continues to list tokens, the bull market will persist. Below are some specific analyses of the project for everyone's reference.
Introduction to BIO Protocol
The BIO Protocol is a decentralized science (DeSci) curation and liquidity protocol. Its mission is to accelerate the development of biotechnology by empowering global patients, scientists, and biotechnology professionals to collectively fund, build, and own tokenized biotechnology projects and intellectual property (IP). The team behind BIO has participated in the creation of Molecule (an early biomedical tokenization platform) and VitaDAO (the largest decentralized community for longevity science). Based on this foundation, BIO aims to advance the on-chain scientific economy through decentralized funding, incentives, and liquidity. The BIO token provides holders with access to the BIO scientific community and intellectual property network, enabling broad participation in the DeSci economy.
Core Objectives of the BIO Protocol
1. Create and Accelerate bioDAO
• Support the development of new biotechnology DAOs (bioDAOs) and help them fund scientific research through on-chain mechanisms.
2. Provide Financial Support and Liquidity
• Provide ongoing funding and trading liquidity for bioDAO and biotechnology assets.
3. Standardized Framework
• Define the organizational framework, token economic model, and data and product suite of bioDAO.
4. Commercialize Scientific Intellectual Property
• Transform on-chain intellectual property (IP) and scientific data into tangible benefits.
Functions of BIO Token
BIO tokens provide the following rights to holders:
1. Governance Participation
• Holders can vote on which bioDAOs to join the ecosystem, promoting a bottom-up model of scientific funding.
2. Priority Participation in Investment
• Gain priority access to bioDAO token sales and IP token sales.
3. Discounts and Benefits
• Enjoy discounts on health products or services provided by bioDAO.
4. Meta-Governance Rights
• Exercise governance rights within the bioDAO.
5. Protocol Updates and Voting Allocation
• Vote on the issuance of tokens for the BIO protocol, treasury allocation, and functional updates.
How the BIO Protocol Accumulates Value
1. Incubate bioDAO
• BIO provides $100,000 in seed funding to newly incubated bioDAOs in exchange for 6.9% of the bioDAO token supply, which is stored in the BIO treasury.
• As the value of the bioDAO ecosystem grows, the assets under management (AUM) of BIO will also increase accordingly.
2. Liquidity Earnings
• The BIO protocol generates fee revenue through its liquidity mechanisms, including transaction fees for trading BIO tokens, bioDAO tokens, IP tokens, ETH, and other assets.
3. Protocol has Liquidity (POL)
• Establish a sustainable liquidity network to enhance ecological stability through the POL model.
Key Modules of the BIO Protocol
1. bioDAO Incubator
BIO provides support to help teams create and operate biotechnology DAOs. The incubator functions include:
• Provide DAO templates and guidelines.
• Address unique challenges in governance, incentives, and technology.
• Accelerate the translation process of scientific discoveries.
2. Launchpad
The Launchpad platform of BIO helps the bioDAO community raise funds to support scientific research and the development of biotechnology projects:
• Raise funds through token sales.
• Support community voting to choose funding directions.
3. Auction Page
BIO provides detailed auction information, including:
• Current Auction Status.
• Remaining Time.
• Relevant links and resources.
Vision of BIO
Through DeSci and decentralized mechanisms, BIO is committed to:
1. Accelerate Breakthroughs in Biotechnology:
• Provide fair and efficient financial support.
2. Establish a Scientific IP Market:
• Provide an on-chain platform for intellectual property trading and commercialization.
3. Promote Global Collaboration:
• Enable patients, scientists, and biotechnology professionals to collaborate to drive scientific advancement.
Comments and Price Predictions:
Scientists often spend a lot of time applying for funding, which affects their ability to focus on solving key challenges. The BIO protocol aims to fundamentally change the distribution of scientific funding by supporting patient-centered research and promoting a global innovation network. This shift is expected to unlock breakthroughs in biotechnology and accelerate human progress.
Therefore, some analysts predict that BIO may reach a historical high price of around $0.4 - $0.6, with a market cap of approximately $500 million - $800 million, and FDV of $1.3 billion - $1.9 billion. Subsequently, the market cap of $BIO may fluctuate around $300 million - $400 million, corresponding to a price of about $0.2 - $0.3 per BIO. However, as of the time of writing, the pre-market price of BIO on Bitget is 0.848, which is close to 1 USD. My target price is 2-3 USD, and if it reaches this range, I will sell all without hesitation. Waiting quietly...
Full text address: https://bitram.me/Insight/10.html
