Source: Jinse Finance, Binance, Bio Protocol official website, white paper, Twitter. Organized by Jinse Finance.
On December 23, 2024, Binance announced that the 63rd project on Binance Launchpool - Bio Protocol (BIO), a decentralized science (DeSci) governance and liquidity protocol, was launched.
Users can invest BNB and FDUSD into the BIO reward pool on the Launchpool website after 08:00 (UTC+8) on December 24, 2024, to earn BIO. The BIO activity lasts a total of 10 days.
New Coin Listing
Binance will list Bio Protocol (BIO) at 18:00 (UTC+8) on January 3, 2025, and open trading pairs 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 (can be increased through network governance)
Initial circulating supply of spot at Binance listing: 1,296,529,168 BIO (39.05% of total genesis token supply)
Total for Launchpool: 99,600,000 BIO (3% of total genesis token supply)
Token contract and network details: Ethereum, 0xcb1592591996765Ec0eFc1f92599A19767ee5ffA
Restrictions: KYC required
Individual hourly reward cap
BNB Mining Pool: 35,275 BIO
FDUSD Mining Pool: 6,225 BIO
Reward Pool:
BNB Pool: Total reward 84,660,000 BIO (85%)
FDUSD Pool: Total reward 14,940,000 BIO (15%)
Activity 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 governance and liquidity protocol for decentralized science (DeSci). Its mission is to enable a global community of patients, scientists, and biotechnology professionals to co-fund, build, and own tokenized biotechnology projects and intellectual property (IP), thus accelerating the development of biotechnology.
The team behind BIO helped create Molecule (a tokenized platform for early-stage biomedicine) 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 the scientific IP developed by bioDAO.
Core advantages of BioDAO compared to traditional scientific models:
Capital Efficiency: Concentrated resources to reduce innovation costs
Flexible working model: Allows part-time experts to contribute
Shared intellectual property: Contribute through intellectual property incentives
Open access: Eliminate the barriers to scientific funding and decision-making
Diversified portfolio: Bundle 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 bioDAO (project selection and management);
• Vote on the issuance or allocation of future BIO tokens;
• Implement accelerator programs to promote network development.
The BIO token provides holders with the following rights:
• Enjoy governance rights in the bioDAO network;
• Participate in early bioDAO funding rounds;
• Obtain economic rewards by contributing health data and participating in clinical trials;
• Priority access to new health products funded by bioDAO.
The BIO token is issued by the Bio.xyz Association, a non-profit organization responsible for the legal custodianship of the BIO infrastructure and treasury.
• BIO token contract address: 0xcb1592591996765Ec0eFc1f92599A19767ee5ffA
• vBIO (locked BIO) token contract address: 0x0d2ADB4Af57cdac02d553e7601456739857D2eF4
Initial Distribution
Total Supply: 3,320,000,000
BIO Token Status: Non-transferable
Maximum Supply: Unlimited supply, decided 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 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 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 vote to fund specific research IP assets, reward BioDAO with minted IP tokens, or fund community and infrastructure programs of DeSci DAO. By monetizing IP (intellectual property), income is generated through IP licensing, IP-NFTs, and data contributions. The earnings are reinvested into BioDAO to fund more and better research projects, advancing the value of $BIO tokens and gaining value empowerment.
