As the leader in the DeSci track, BIO carries expectations to open up a new track, with a baseline opportunity of 1B aiming for 10B. Currently, it is trading off-market at 0.5u, basically within the initial circulating market cap price range of 700 million.
1️⃣ Introduction to the BIO Project
BIO is a governance and liquidity protocol for decentralized science (DeSci), with a mission to enable a 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 tokenized 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 BIO token allows holders to access BIO's scientific community and IP network, providing broad exposure to the DeSci economy.
2️⃣ Token Model of BIO Protocol——
BIO is the native token of the BIO Protocol, and its main uses are:
1. Governance Token: The BIO token grants holders the right to govern the platform, allowing users to participate in important decisions such as protocol upgrades and ecological fund allocations.
2. Incentive Mechanism: The BIO token serves as an incentive tool within the platform, rewarding users who provide data, technology, or financial support. For example, patients and researchers will receive BIO token rewards based on the value of their contributions when sharing data.
3. Transactions and Discounts: BIO tokens can be used for various transactions within the platform (such as data exchange, research funding, etc.) and enjoy discounts on health products or services, such as using tokens to receive discounts when purchasing related research products or using specific research services.
4. Resource Allocation and Screening: Used for the curation system, combining community voting with professional assessment through a token staking mechanism to select high-quality biotech projects, determining which projects can receive funding, resources, and support from the BIO Protocol.
4️⃣ Launch Price Prediction
On Binance's spot market, the circulation is 39.05%, corresponding to 1.3B $Bio. If the initial price is $0.5, this corresponds to a selling pressure of 650 million in circulating market value, with a total market value of 1.6B.
Compared to recently launched projects like usual, pengu, and vana, it is not considered expensive, and it is the absolute leader in a new track. However, the circulation is a bit large, and there is significant selling pressure in the early stages. A price around 0.5u is relatively reasonable. If it drops to the 0.2-0.3 range, I would buy some for the long term.#币安LaunchpoolBIO