A pioneering project in the DeSci field, designed to promote innovation in biotechnology through a decentralized science model. It helps connect scientists, investors, and the global community to co-fund, build, and own research projects in biotechnology and biomedicine.

Binance Labs made its first DeSci investment in BIO in November, attracting the attention of other thought leaders, including CZ, Vitalik, and Coinbase founder Brian Armstrong.

Binance has just announced the 63rd project on Binance Launchpool - BIO Protocol (BIO) on Binance's launchpool introduction portal.

Users will be able to lock their BNB and FDUSD to receive BIO airdrops for 10 days, with farming activities starting at 07:00 on December 24, 2024 (Vietnam Time).

Binance will then list BIO on January 3, 2025, at 17:00 (Vietnam Time) and open trading for BIO/USDT, BIO/BNB, BIO/FDUSD, and BIO/TRY trading pairs.

What are some highlights of the Bio Protocol (BIO)?

  • The BIO Protocol is a pioneering project in the DeSci field. Connecting scientists, investors, and the global community to co-fund, build, and own research projects in biotechnology.

  • Binance Labs made its first DeSci investment in BIO in November, attracting attention from other leaders, including CZ, Vitalik, and Coinbase founder Brian Armstrong.

  • Previous successes of BIO include VitaDAO supported by Pfizer Ventures, HairDAO, and CerebrumDAO; the total market capitalization of all BioDAOs incubated by BIO exceeds 310 million USD, with over 40 million USD in intellectual property already tokenized.

  • The most recent launch of the BIO Launchpad (Quantum Biology DAO, $QBIO) exceeded registrations by 13X (raising 6.8 million dollars).

  • BIO will be listed on Binance on January 3, 2024 - bringing DeSci to over 200 million users on the world's most liquid cryptocurrency platform.

What is Bio Protocol (BIO)?

The BIO Protocol is a pioneering project in the DeSci field, designed to promote innovation in biotechnology through a decentralized science model. It is a decentralized protocol that creates a platform connecting scientists, investors, and the global community to co-fund, build, and own research projects in biotechnology. The BIO Protocol not only provides financial support but also encourages community participation in the development and management of biomedical projects.

The BIO Protocol is not just a fundraising platform. The project aims to build a comprehensive ecosystem where biotechnology projects are incubated, managed, supported in development, and can access resources in the decentralized space. From there, the BIO Protocol helps researchers easily implement creative ideas, access necessary resources, and transform research projects into practical products, contributing to sustainable development in the biomedical science field.

DeSci, or decentralized science, is a concept that combines science and blockchain technology to create an open, transparent, and equitable research ecosystem. DeSci leverages the power of blockchain to conduct research funding activities, publish content, and manage intellectual property transparently. This model helps the scientific research industry transition from a 'black box' to a more open space, promoting collective knowledge and encouraging innovation. Since the beginning of 2023, DeSci has begun to attract attention, especially after receiving investment from Binance Labs and Binance founder CZ.

Highlights of the Bio Protocol (BIO)

The BIO Protocol is supported and built on an increasingly expanding network of biotechnology DAOs (bioDAOs), community-owned creative IP tools focused on a specific scientific field.

Bio Protocol is perhaps the project that everyone should keep an eye on since Binance founder CZ mentioned the DeSci sector and the desire to invest in Biotech. Binance Labs made its first DeSci investment in BIO in November, attracting the attention of many other thought leaders, including CZ, Vitalik, and Coinbase founder Brian Armstrong. And it is also the first Biotech project to appear on Binance Launchpool.

Some notable projects in the BIO ecosystem

  • VitaDAO: Longevity research.

  • AthenaDAO: Women's health research.

  • PsyDAO: Research on science and art in psychiatry.

  • ValleyDAO: Researching planet rescue solutions through biotechnology.

  • HairDAO: Addressing hair loss.

  • CryoDAO: Research in the field of cryopreservation.

  • CerebrumDAO: Enhancing brain health and preventing neurodegeneration.

  • Curetopia: Researching treatments for rare diseases.

  • Long Covid Labs: Treating long covid syndrome.

  • Quantum Biology DAO: Researching electron microscopy for biology.

Products of Bio Protocol (BIO)

The BIO Protocol is a DeSci project aimed at creating decentralized infrastructure to support research and development in biotechnology. The project provides key product groups, including:

  • BIO Protocol (infrastructure layer)

  • BIO Launchpad
    (fundraising platform)

  • BioDAO Incubator (project incubation program)

BIO Protocol (infrastructure layer)

The Bio Protocol is the platform to create ecosystems and allocate resources.

The BIO Protocol is a new layer of finance for decentralized science aimed at accelerating the flow of capital and talent into on-chain science. The BIO Protocol creates trading markets, liquidity layers, and an intellectual property (IP) management system to support bioDAOs in operating effectively.

The bioDAOs in this ecosystem raise funds through token sales, using the funds to conduct research, and share the benefits from research results with members. With the funding and research management process on the blockchain, the BIO Protocol ensures transparency, increases data accessibility, and promotes the participation of the global knowledge community.

Key activities of the BIO Protocol:

  • Governance: BIO token holders vote to approve new bioDAOs and have the right to purchase bioDAO tokens in early rounds.

  • Funding: The BIO Protocol supports approved bioDAOs in raising funds and managing liquidity.

  • Liquidity: The BIO Protocol can support on-chain liquidity for the BIO network using BIO tokens and other tokens held in the BIO treasury. BIO tokens can be paired in liquidity pools with BioDAO tokens (e.g., VITA/BIO, HAIR/BIO), as well as with other assets (e.g., BIO/ETH) to facilitate low-cost conversions in the network, accumulate fees, and build protocol-owned liquidity (POL).

  • Reward allocation: Through the “Bio/Acc Rewards” program, bioDAOs receive rewards when they achieve key milestones such as releasing IP-Tokens or carrying out decentralized clinical trials.

  • Super governance: The BIO Protocol will hold various BioDAO tokens in its treasury and thus can serve as a super governance layer empowering BIO holders to manage multiple types of BioDAOs and scientific intellectual property.

BIO Launchpad (fundraising platform)

The BIO Launchpad is a platform connecting investors with biotechnology projects, operating on an auction model. Investors can participate in bidding for tokens of bioDAOs and claim tokens when selected. This platform helps bioDAOs easily raise capital to conduct research.

The BIO Launchpad has three distinct phases:

  • Management: This phase determines whether a project is allowed to launch through the BIO Protocol.

  • Acceleration: This phase allows the project to raise its initial funding from users.

  • Separation: The final phase releases the project to the open market supported by liquidity pools.

BioDAO Incubator (project incubation program)

The BioDAO Incubator is a program that incubates potential biotechnology projects. The BioDAO Incubator supports the development of biotech DAO and DeSci projects by providing funding, expert guidance, and connecting networks of researchers. The program lasts 16 weeks, combining in-person and online formats, helping teams overcome challenges when building DAOs in the biotechnology field.

Participants receive financial support, expert advice, and technical resources to launch DAO effectively. The program aims to promote decentralized science, develop public infrastructure, and harness potential from Web3, IP-NFT, and tokenomics to innovate research.

$BIO Token Utility: Unlocking the DeSci economy

BIO is the native governance token of the BIO Protocol, allowing holders to use it to determine which bioDAOs need support, vote on future BIO issuance or distribution, and implement acceleration programs for network development.

The BIO token grants its holders governance rights in the bioDAOs within the network, the right to participate in early bioDAO fundraising rounds, financial rewards for health data contributions, and participation in clinical trials, along with new health products funded by bioDAOs.

Basic information about Bio Protocol (BIO) token

  • Token Name: Bio

  • Ticker: BIO

  • Blockchain: Ethereum

  • Token Standard: ERC-20

  • Contract Address: 0xcb1592591996765Ec0eFc1f92599A19767ee5ffA

  • Token Type: Utility, Governance

  • Total Supply: 3,320,000,000 BIO

  • Circulating Supply: 1,296,529,168 BIO

Token allocation of Bio Protocol (BIO)

  • Community: 56% including:

    • Community auction: 20%

    • Airdrop for the community: 6%

    • Ecosystem incentives: 25%

    • Molecule Ecosystem Fund: 5%

  • Investors: 13.6%

  • Core developers: 21.2%

  • Advisors: 4.2%

  • Molecule: 5%

Source: https://docs.bio.xyz/bio/the-bioconomy/bio-token/bionomics

Release plan

The Bio Protocol publicly discloses many details related to its Tokenomics. The token vesting schedule is expected to last about 6 years, for the core team and investors, the project also presents a plan on how to allocate tokens to limit inflation and ensure transparency.

Details can be found at: https://docs.bio.xyz/bio/the-bioconomy/bio-token/bionomics

Development team and investors

The Bio Protocol (BIO) team

Paul Kohlhaas is the founder and CEO of Molecule, and one of the pioneers in the DeSci field, also a co-founder of VitaDAO. Before launching Molecule and #BIO Protocol, he held several key positions at ConsenSys and leading organizations in the blockchain industry. He also contributed to the implementation of blockchain solutions for the Swiss government.

Clemens Ortlepp is the co-founder and Chief Product Officer (CPO) of the BIO Protocol. He is the founder of MTX Studio, a creative studio specializing in decentralized technology, and previously served as Product Director at Molecule.

Investors and partners of the Bio Protocol (BIO)

The BIO Protocol is supported by several venture capital funds such as 1k(x), Zee Prime Capital, Box Group, Lunar Ventures, and Fifty Years; however, details about these investments have not been disclosed. Additionally, in November 2024, the BIO Protocol completed a funding round from Binance Labs, although the specific amount in this funding round was also not disclosed.

Official information channel of the project

  • Twitter / X: https://x.com/bioprotocol

  • Website: https://bio.xyz/

  • Launchpad: https://app.bio.xyz/launchpad

  • Docs: https://docs.bio.xyz/bio

  • Ecosystem Dashboard: https://app.bio.xyz/dashboard

  • Telegram: https://t.me/bio_protocol

  • Discord: https://discord.com/invite/bioxyz

  • Youtube: https://www.youtube.com/@bio_acc

  • Warpcast: https://warpcast.com/bioxyz

BIO Protocol (BIO) on Binance Launchpool

The 63rd project on Binance Launchpool - BIO Protocol (BIO), a management and liquidity protocol for decentralized science (DeSci).

Users will be able to lock their BNB and FDUSD to receive BIO airdrops for 10 days, with farming activities starting at 07:00 on December 24, 2024 (Vietnam Time).

Binance will then list BIO on January 3, 2025, at 17:00 (Vietnam Time) and open trading for BIO/USDT, BIO/BNB, BIO/FDUSD, and BIO/TRY trading pairs.

Detailed information about BIO Protocol (BIO) on Launchpool

  • Token name: BIO Protocol (BIO)

  • Maximum token supply: 3,320,000,000 BIO (flexible, can increase through network governance)

  • Total initial token supply: 3,320,000,000 BIO

  • Token rewards on Launchpool: 99,600,000 BIO (3% of total initial token supply)

  • Initial circulating supply when listed on Binance Spot: 1,296,529,168 BIO (39.05% of total initial token supply)

  • Research report: BIO Protocol (BIO) (will be available within 12 hours after this announcement)

  • Token contract/Network details: Ethereum (0xcb1592591996765Ec0eFc1f92599A19767ee5ffA)

  • Launchpool terms will apply. Users must complete KYC to meet Binance's requirements.

  • Hard Cap per user per hour: 35,275 BIO in the BNB pool; 6,225 BIO in the FDUSD pool

Supported pools

  • Lock BNB: Reward of 84,660,000 BIO (85%)

  • Lock FDUSD: Reward of 14,940,000 BIO (15%)

  • Farming time: 07:00 on December 24, 2024 (Vietnam Time) - 06:59 on January 3, 2025 (Vietnam Time).

Open a Binance account today: https://accounts.binance.com/register?ref=20561802

See more project information at Binance Research: https://www.binance.com/vi/research/projects/bio-protocol