Odaily Planet Daily news On-chain analyst @ai_9684xtpa released an analysis related to the new Binance mining coin BIO, including: - What is the BIO cost for participants in the private/public fundraising stage - What is the unlocking and selling pressure situation at TGE Currently, the highest floating profit multiple for private placement participants has reached 92 times, while the lowest for public placement is nearly 15 times. Here are the data details: 1. Fundraising situation According to the Binance research report, BIO Protocol has raised a total of 30.2 million USD through private and public fundraising. The private placement consists of two rounds, raising a total of 2.3 million USD, with valuations of 35 million and 69 million USD respectively; The public offering consists of three rounds (i.e., BIO Genesis auction), raising a total of 27.9 million USD, with valuations of 85 million USD / 142 million USD / 219 million USD for the three rounds respectively; 2. Project valuation Currently, BIO has launched pre-market trading on Bybit and Bitget, with a pre-market average price of 0.9659 USD calculated at 22:00 on 12.29 on the two major platforms, making the BIO FDV approximately 3.2 billion USD. The token distribution is as follows: - Maximum circulation: 3.32 billion tokens (dynamic) - Private placement investors: 13.60% of total supply - Public placement investors: 20.00% of total supply 3. Costs of private and public placement Private placement Seed round before: Cost approximately 0.01054 USD, current floating profit 91.62 times During seed round: Cost approximately 0.02078 USD, current floating profit 46.48 times Public placement Round 1: Cost approximately 0.0256 USD, current floating profit 37.73 times Round 2: Cost approximately 0.04277 USD, current floating profit 22.58 times Round 3: Cost approximately 0.06596 USD, current floating profit 14.64 times 4. Unlocking situation Due to the restrictions on token unlocking, the 33.6% profit share will not immediately convert to selling pressure. Among them, the tokens of private placement investors are not unlocked at TGE, while the tokens of public placement investors are 50% unlocked at TGE, with the remaining 50% unlocked linearly over one year. Therefore, only a total of 10% (25.6% of circulation) of the allocated tokens will be released at TGE, which is 332 million tokens, approximately 320 million USD based on the pre-market price.