⭐Hello, everyone, I am Momo. Recently Binance's new phase of Launchpool is here! #BNB this golden shovel has started to surge again! This phase features a Desci project: BIO Protocol ( $BIO ), so Momo will help everyone understand what Desci is, and what this project #币安LaunchpoolBIO is, while rushing into Launchpool and learning at the same time! The following shared content is my own understanding; please forgive any errors and contact me for timely corrections! #2025有哪些关键叙事？
## 0x00 Brief Introduction to Desci
When I first encountered the term Desci, I didn't understand what it was; how could science be decentralized? Could science become an ERC20 token placed in a pool? Later, while reviewing materials, I found that discussions and references to decentralized science had been occurring as early as 2021 or even earlier, and there were articles introducing Desci decentralized science on Binance Square earlier this year.
Traditionally, it is well known that scientific research requires a large amount of funding. Many valuable research projects struggle to start or continue due to insufficient funds, and significant investments in energy, finances, and resources do not necessarily yield good results; in terms of intellectual property, the process of converting research results into patents is complex and time-consuming, and the management process is cumbersome. Moreover, communication and collaboration among scientists are often hindered by geographical distances or institutional limitations, preventing effective exchange and the collision of innovative ideas. These issues collectively form the bottleneck of traditional scientific research, hindering the speed and efficiency of scientific progress. However, the advantages of blockchain, such as immutability, transparency, decentralization, and community governance (DAO), can create a new paradigm of scientific research that is more open, transparent, collaborative, and efficient.
## 0x01 BIO Protocol
In November, Binance Labs announced an investment in the DeSci project BIO Protocol, marking Binance Labs' first foray into the decentralized science (DeSci) field. Subsequently, during the DeSci Day event held in Bangkok, CZ and Vitalik Buterin appeared together to discuss DeSci and showcased related DeSci projects such as VitaDAO's longevity products (VitaDAO is the predecessor of BIO and has received investments from Pfizer and other venture capital).
BIO Protocol is a governance and liquidity protocol in the decentralized science (DeSci) field, aiming to promote the co-funding, establishment, and ownership of tokenized biotechnology projects and intellectual property (IP) by the global community of patients, scientists, and biotechnology professionals through blockchain technology, thereby accelerating the development of biotechnology. Here are some core features and functions of the BIO Protocol:
BioDAO: BIO Protocol includes several sub-DAOs (decentralized autonomous organizations) focused on different specific scientific or medical research areas. These BioDAOs pool resources (data, capital, labor) together, leveraging the collective power of globally distributed stakeholders to accelerate research and development processes and develop new intellectual property.
Incubation function: BIO Protocol provides incubation functions similar to Y Combinator, supporting and resourcing scientific research projects.
Funding support: Through blockchain technology, BIO can more easily raise funds for research projects.
Community participation: Allows scientists, patients, and investors from around the world to participate in and support research projects.
Accelerated development: Helps research projects grow quickly, similar to how Y Combinator accelerates the development of startups.
Innovative model: Introduces new research funding and commercialization models, breaking the limitations of traditional research funding.
Token economics: BIO is the native governance token of the BIO Protocol, and holders can use BIO tokens to support specific BioDAOs, vote on future issuance or allocation of BIO tokens, implement accelerator programs, etc.
Incentive mechanism: The BIO Protocol has designed special acceleration reward mechanisms to incentivize early participants and contributors to promote the rapid development of the ecosystem.
Roadmap: The development roadmap of the BIO project provides a clear path for its long-term growth, including launching on the Ethereum mainnet and achieving multi-chain support, adding at least 10 BioDAOs covering a wider range of research fields, and optimizing the token economic model to enhance user participation and stabilize token value.
BIO Protocol catalyzes the on-chain scientific economy through decentralized funding, incentives, and liquidity, drawing design inspiration from the team's previous successful experiences with Molecule (an early tokenization platform for biomedical projects) and VitaDAO (the largest decentralized community for longevity science). The goal of BIO Protocol is to build a decentralized and self-organizing scientific world, a self-sovereign scientific system driven by open data and liquidity markets, with the core objective of curing diseases.
The BIO Protocol network currently has seven BIO DAOs, covering various directions such as cryopreservation, women's health, mental health, and more. The protocol token BIO and the tokens of its collaborating DAOs are receiving significant attention.
## 0x02 Token details and economics
Token details
- Token name: BIO Protocol (BIO)
- Maximum supply: 3,320,000,000 BIO (dynamically adjusted, may increase)
- Genesis total supply of tokens: 3,320,000,000 BIO
- Initial circulating supply: 1,296,529,168 BIO (39.05% of total supply)
- Ethereum contract address: 0xcb1592591996765Ec0eFc1f92599A19767ee5ffA
This Launchpool:
- Launchpool token rewards: 99,600,000 BIO (3% of total supply)
- Launch time: January 3, 2025, 18:00 (Beijing time) (BIO)
- Trading pairs: BIO/USDT, BIO/BNB, BIO/FDUSD, BIO/TRY
- Staking participation time: December 24, 2024, 08:00 to January 2, 2025, 23:59 (UTC)
Token economics
- Total supply: 3,320,000,000
- Token status: Non-transferable (the community has initiated a proposal vote for open token transfer functionality)
- Maximum supply: Unlimited, determined by votes from the BIO governance organization
Actual use cases of BIO tokens
- BIO Protocol governance, including BioDAO planning, IP token sale terms, health product/service support, member governance, BIO issuance, and protocol upgrades.
BIO Treasury
- Token distribution: The BIO Network provides $100,000 in funding for the incubated BioDAOs in exchange for 6.9% of the BioDAO token supply.
- Protocol-owned liquidity (POL): The BIO Treasury accumulates fees and revenues from on-chain liquidity of assets such as BIO tokens, BioDAO tokens, IP tokens, ETH, etc.
## 0x03 Summary
DeSci (decentralized science) is a field that utilizes blockchain technology to transform the financing and commercialization of early scientific research, aiming to break the deadlock of traditional research funding and promote patient-driven research globally. BIO Protocol, as an important project in the DeSci field, focuses on building a global research funding and collaboration platform that addresses challenges in rare diseases, longevity research, and emerging health through blockchain and DAO (decentralized autonomous organization), with its network comprising multiple BIO DAOs covering different health fields and promoting research activities through the BIO token and its collaborating DAOs' tokens.
