BIO Protocol, a decentralized science (DeSci) platform backed by Binance Labs, has proposed to expand the BIO token to the Solana ecosystem. This proposal includes the following steps:
+ Deploying the BIO token contract on Solana: This aims to leverage Solana's scalability and low transaction costs, expanding operational reach and enhancing liquidity within the DeSci ecosystem.
+ Establishing cross-chain bridge infrastructure: Building a cross-chain bridge to allow the conversion of BIO tokens between Solana and other chains, enhancing access and usability of the BIO token.
+ Allocating an additional 1% of capital from ecosystem incentives to establish a cross-chain liquidity pool: This allocation, estimated at around 1 million USD, will be used to set up liquidity pools on Solana, managed by the BIO Protocol operations team to optimize capital efficiency.
+ Currently, BIO Protocol operates on Ethereum with seven "BioDAOs" focused on areas such as cold storage, women's health, and neuropharmaceutical research supporting mental health. The expansion to Solana is expected to boost liquidity and accessibility within the DeSci ecosystem, while accelerating innovation in this market.
This proposal has been initiated by the BIO Protocol community and is awaiting approval to implement the next steps.
Currently, Launchpool is still ongoing, and holders of $BNB ,$FDUSD can stake to receive BIO rewards.
