It has been 5 days since mining on BIO's Launchpool started, and there are 5 days left until it ends! BIO is a new financial layer aimed at decentralized science (DeSci), designed to accelerate the influx of capital and talent into the on-chain science field. Will this relatively new track produce a dark horse? I have studied the project in detail, so let's understand the potential of the Bio Protocol and $BIO together!

From recent launches, they are all projects with practical scenarios and narratives. Transitioning from meme to narrative, industry data suggests that by 2030, the DeSci market may exceed $50 billion. As a pioneer in this track, BIO is expected to capture a significant market share.

1. Problems addressed by the BIO protocol

1. Traditional research funding primarily comes from governments, universities, or large corporations, with a complex and opaque distribution process. Some potentially valuable research may not receive funding at all. The BIO protocol leverages blockchain technology to allow anyone to participate in scientific research. For example, people can buy tokens to support a particular research project, with funds flowing directly to the research team, and the use of funds can be publicly tracked.

2. The ownership of research results is typically under the patents of large companies or institutions, making it difficult for ordinary people or small research teams to benefit. The BIO protocol splits the intellectual property of research results into smaller parts through a mechanism called 'IP tokens', allowing everyone to earn these tokens based on their contributions to supported projects.

3. Research often relies on the enthusiasm of scientists, but ordinary people rarely have the opportunity to participate. The BIO protocol encourages both scientists and ordinary people to engage in scientific research through reward mechanisms, such as using tokens to reward contributions of data, experimental testing, product purchases, etc. You don't have to be a professional researcher, but you can earn rewards by contributing data or supporting projects.

2. Financing Situation

Private fundraising:

Before the seed round financing, the project raised $900,000, with a valuation of approximately $35 million.

In the seed round, the project raised $1.4 million, with a valuation of approximately $69 million.

Public fundraising: The public fundraising process is the open BIO Genesis auction. It includes 3 rounds!

1. In the first round of Genesis funding, the project raised $6.2 million, with a valuation of approximately $85 million.

2. In the second round of Genesis funding, the project raised $18.2 million, with a valuation of approximately $142 million.

3. In the 2.5 round of Genesis funding, the project raised $3.5 million, with a valuation of approximately $219 million.

3. Token Economics

Token Name: BIO Protocol (BIO)

Maximum token supply: 3,320,000,000 BIO (dynamic, can be increased through network governance)

Total supply of the genesis token: 3,320,000,000 BIO

3% of the total supply of BIO (99.6 million tokens) is allocated for BNB stakers: 35,275 BIO/hour, and FDUSD stakers: 6,225 BIO/hour!

x4. Valuation

If we look at the valuation of 2.19 based on a bottom round of 2.5, the valuation is roughly between $200 million to $300 million, so the price is approximately $0.0602. After the token goes live, this price is likely not something we can buy, so I expect to see a market cap of 500 million to 1 billion for BIO, with a price around 0.15 - 0.3!

5. Summary

Although the DeSci field where the BIO project is located is still in its early stages, it has enormous growth potential. The global demand for research funding and the inefficiencies of traditional funding models are increasingly prominent. DeSci offers a new solution, and we look forward to its launch on January 3!