This issue's Binance Launchpool features the DeSci project BIO, with a mining duration of 10 days. I also invested about 10 BNB into wealth management (previously 8, gradually reinvested to 9.9).
Since November of this year, the term DeSci has become popular, appearing in various news articles, such as Binance announcing investment in BIO and CZ and Vitalik participating in private DeSci gatherings, etc. Various DeSci-related meme coins have also surged.
So will DeSci be widely adopted like DeFi (Decentralized Finance) and become one of the value supports of blockchain, or will it be like the hype around the metaverse, blockchain games, and blockchain social platforms, just a fleeting moment? In a favorable environment, even pigs can fly, but after the wind passes, it will be a mess, and many game tokens and metaverse NFTs may never reach their previous highs.
As a project researcher, I will briefly introduce DeSci and BIO today. I hope everyone will research more and gain understanding to grasp new investment opportunities and avoid blindly following trends.
What is DeSci?
DeSci, or Decentralized Science, is an approach that utilizes Web3 technology to improve scientific research. It aims to fund, create, review, confirm, store, and disseminate scientific knowledge in a decentralized manner rather than relying on traditional centralized institutions. DeSci enhances the transparency and accessibility of scientific research through blockchain technology, promotes international collaboration, and ensures the integrity and immutability of scientific records. In this way, DeSci hopes to break down some barriers in traditional scientific research and drive progress and innovation in science.
What are the technological advantages of DeSci (Decentralized Science)?
Transparency: Through blockchain technology, DeSci can ensure the transparency of the scientific research process and results, reducing the possibility of data tampering and misconduct.
Decentralization: DeSci utilizes decentralized networks to break the dependence on centralized institutions in traditional scientific research, promoting global collaboration and resource sharing.
Open Access: DeSci supports open access to scientific data and research findings, allowing more researchers and the public to access and utilize this information.
Smart Contracts: Through smart contracts, DeSci can achieve automated fund distribution and research management, improving efficiency and reducing human intervention.
Data Security: Blockchain's encryption technology ensures the security and privacy protection of scientific data.
BIO Protocol (BIO)
As a DeSci project listed on an exchange, BIO is highly anticipated. From Binance announcing investment on November 8 to listing on Binance took less than two months, which is quite remarkable.
Introduction to the BIO Project
BIO is a launchpad and liquidity protocol for Decentralized Science (DeSci). The protocol enables global patients, scientists, and biotechnology investors to co-fund, establish, and own tokenized biotechnology projects and intellectual property (IP), thereby accelerating the development of biotechnology.
Advantages of BIO:
Decentralized Funding: Allows anyone to invest in promising biotechnology projects.
Capital Efficiency: Gathering resources (patient data, capital, labor) to reduce the costs of biotechnology innovation.
Diversified Portfolio: BIO bundles biotechnology project investments together to reduce the risks of biotechnology investment through diversification.
Global Talent and Capital Pool: Enables scientists, researchers, and investors worldwide to contribute labor or capital for specific therapeutic areas or drugs.
Shared Intellectual Property Ownership: Represents joint ownership of biotechnology DAO and scientific intellectual property as tokens.
Liquidity Market: Provides early liquidity for traditionally illiquid biotechnology assets.
Open Rights: Eliminates gatekeeping in scientific funding and decision-making.
Official Project Fund Allocation
On December 21, the BIO Protocol officially stated that project funds are mainly used to fund marginal sciences, including the previously launched BioDAO on BIO:
$6.8 million for Quantum Biology (@QuantumBioDAO)
$3 million for Cryopreservation (@cryodao)
$5.1 million for Longevity Science (@vita_dao)
Including @longcovidlabs, @endrarediseases and other DAO organizations with different research themes.
Each BioDAO transforms patient and researcher communities into on-chain R&D networks, accelerating research through globally sourced liquidity and talent.
Token Economics
Maximum Token Supply: 3,320,000,000 BIO (dynamically adjustable and may increase through network governance)
Total supply of genesis tokens: 3,320,000,000 BIO
Launchpool Token Rewards: 99,600,000 BIO (accounting for 3% of the total supply of genesis tokens)
Initial circulating supply at Binance's spot listing: 1,296,529,168 BIO (accounting for 39.05% of the total supply of genesis tokens)
Pre-market Price
Currently, multiple exchanges have launched pre-market trading, with prices around $0.9, and the expected Binance listing price is between $1 and $1.2.
Summary:
As the first listed project of the decentralized new narrative DeSci, BIO represents a new track for decentralized scientific research. It allows individuals to invest in cutting-edge scientific research projects such as longevity science, cryopreservation, quantum biology, etc. There are certain investment opportunities, but these projects are also high-risk and high-investment, requiring thorough research and prudent action.