$BIO Bio Coin (BIO) is the native governance token of Bio Protocol, which is a decentralized science (DeSci) management and liquidity protocol.
Token Basic Information
• Token Name: Bio Protocol (BIO)
• Code: BIO
• Blockchain: Ethereum
• Token Standard: ERC-20
• Token Type: Utility, Governance
• Total Supply: 3,320,000,000 BIO
• Total Genesis Token Supply: 3,320,000,000 BIO
• Maximum Token Supply: 3,320,000,000 BIO (supply can be increased through network governance)
• Initial Circulation on Binance: 1,296,529,168 BIO (39.05% of total genesis token supply)
• Total Launchpool: 99,600,000 BIO (3% of total genesis token supply)
Token Economics
• Token Holder Rights:
• Governance Rights: Holders can use BIO tokens to support specific bioDAOs (project selection and management), vote on future issuance or allocation of BIO tokens, implement accelerator programs, and drive network development.
• Participation in Early Financing: Holders can participate in early bioDAO funding rounds.
• Economic Incentives: Earn economic rewards by contributing health data and participating in clinical trials.
• Priority Access to New Products: Priority access to new health products funded by bioDAOs.
• Token Distribution:
• Community (Total 56%):
• Community Airdrop (6%): 199,200,000 BIO
• Community Auction (20%): 664,000,000 BIO
• Ecosystem Incentives (25%): 830,000,000 BIO
• Molecule Ecosystem Fund (5%): 166,000,000 BIO
• Other Allocations:
• Core Contributors (21.2%): 703,840,000 BIO
• Investors (13.6%): 451,520,000 BIO
• Molecule (5%): 166,000,000 BIO
• Advisors (4.2%): 139,440,000 BIO
Project Background
Bio Protocol is a decentralized science protocol (DeSci) aimed at advancing biotechnology research through community-owned DAOs, tokenized intellectual property (IP), and open support. It offers a financial solution to support the creation and management of biotechnology DAOs, where stakeholders can fund, develop, and commit to the translation of intellectual property.
Project Goals
The mission of Bio Protocol is to accelerate scientific progress through blockchain technology, enabling global patients, scientists, and biotechnology professionals to co-fund, build, and own biotechnology projects and tokenized intellectual property (IP).
Token Use Cases
• Governance and Decentralization: The BIO token grants holders governance rights over the Bio Protocol and meta-governance rights of BioDAOs within the network.
• Whitelist Access: The BIO token provides holders with whitelist access to BioDAO funding rounds and the ability to tokenize IP on the network.
• Curatorial Management: The BioDAO chosen by BIO holders is launched through the BIO Launchpad and supported by the network in terms of funding and liquidity.
• Link to BioDAO: BIO represents a basket of DeSci tokens, as the BioDAOs in the network contribute a certain percentage of their initial token supply to the protocol in exchange for funding, liquidity, and acceleration services.
• Protocol Liquidity: The Bio Protocol provides liquidity through BioDAO tokens and IP tokens in its treasury, earning trading fees from the liquidity owned by its protocol.
Project Potential
Bio Protocol has created an on-chain scientific economy that promotes innovation, collaboration, and financial sustainability by combining the power of decentralized finance (DeFi) with the potential of biotechnology. The biotechnology industry is a rapidly growing and transformative sector, and the Bio Coin, as a digital currency closely related to biotechnology, is expected to increase in value as the industry develops.