Sources: Jinse Finance, Binance, Bio Protocol official website, whitepaper, Twitter. Compiled by Jinse Finance
On December 23, 2024, Binance announced the launch of the 63rd project on Binance Launchpool - Bio Protocol (BIO), a decentralized science (DeSci) management and liquidity protocol.
Users can stake BNB and FDUSD into the BIO reward pool on the Launchpool website after 08:00 on December 24, 2024 (UTC+8) to receive BIO. The BIO activity lasts a total of 10 days.
New Token Listing
Binance will list Bio Protocol (BIO) on January 3, 2025, at 18:00 (UTC+8), and will open trading pairs for BIO/USDT, BIO/BNB, BIO/FDUSD, and BIO/TRY, applicable to seed label trading rules.
I. Launchpool Details
Token Name: Bio Protocol (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 circulating supply at Binance listing: 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 contract and network details: Ethereum, 0xcb1592591996765Ec0eFc1f92599A19767ee5ffA
Restriction terms: KYC required
Individual hourly reward hard cap
BNB Mining Pool: 35,275 BIO
FDUSD Mining Pool: 6,225 BIO
Reward Pool:
BNB Pool: Total rewards of 84,660,000 BIO (85%)
FDUSD Pool: Total rewards of 14,940,000 BIO (15%)
Event time: From 08:00 on December 24, 2024 (UTC+8) to 08:00 on January 3, 2025
II. Introduction to Bio Protocol (BIO)
BIO is a management and liquidity protocol for decentralized science (DeSci). Its mission is to enable the global community of patients, scientists, and biotechnology professionals to co-fund, build, and own tokenized biotechnology projects and intellectual property (IP), thereby accelerating the development of biotechnology.
The team behind BIO helped create Molecule (a tokenization platform for early biomedical research) and VitaDAO (the largest decentralized community for longevity science). Based on these successes, BIO aims to catalyze the on-chain scientific economy through decentralized funding, incentives, and liquidity.
The protocol aims to catalyze the on-chain economy of the scientific community (bioDAO) and create a deep, liquid, and efficient market for scientific IP developed by bioDAO.
Core advantages of BioDAO compared to traditional scientific models:
Capital efficiency: Concentrating resources to reduce innovation costs
Flexible work model: Allowing part-time experts to contribute
Shared intellectual property: Incentivizing contributions through intellectual property
Open access: Eliminating barriers to scientific funding and decision-making
Diversified portfolio: Bundling multiple biotechnology projects simultaneously to reduce risk
III. Token Economics
BIO Token
BIO is the native governance token of the BIO protocol. Holders can use the BIO token:
• Support specific bioDAOs (project selection and management);
• Vote on the issuance or distribution of future BIO tokens;
• Implement accelerator programs to promote network development.
The BIO token provides holders with the following rights:
• Enjoy governance rights within the bioDAO network;
• Participate in early bioDAO funding rounds;
• Economic rewards for contributing health data and participating in clinical trials;
• Priority access to funding for new health products from bioDAO.
The BIO token is issued by the Bio.xyz Association, a non-profit organization responsible for the legal custody of the BIO infrastructure and treasury.
• BIO token contract address: 0xcb1592591996765Ec0eFc1f92599A19767ee5ffA
• vBIO (staked BIO) token contract address: 0x0d2ADB4Af57cdac02d553e7601456739857D2eF4
Initial allocation
Total Supply: 3,320,000,000
BIO token status: Non-transferable
Maximum Supply: Unlimited supply, determined by voting of the BIO governance body.
New BIO can be minted for future protocol or network growth. This requires deploying a new token contract to replace the current BIO token.
In terms of token distribution, community (56% total):
- 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 are as follows:
- 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
$BIO token holders can vote to fund specific research IP assets, reward BioDAO for minting IP tokens, or fund community and infrastructure projects of the DeSci DAO. Through IP monetization, revenue can be obtained from IP licensing, IP-NFTs, and data contributions. Revenues are reinvested into BioDAO to fund more and better research projects, driving the value of the $BIO token and empowering its value.
