⭐Hello, everyone, I am Momo. Recently, Binance's new Launchpool round is here! #BNB is soaring again! This round is a Desci project: BIO Protocol (#BIO ), so Momo will explore what Desci is with everyone, and what the project #币安LaunchpoolBIO is, learning while rushing into Launchpool! The following content is purely my understanding; please forgive any issues or errors and contact me for timely corrections!#2025有哪些关键叙事？
## 0x00 Overview of Desci
When I first encountered the term Desci, I couldn't quite understand it. How can science be decentralized? Can science become an ERC20 token put into a pool? Later, while reviewing materials, I found that discussions and references to decentralized science have been around since 2021 or even earlier. Additionally, there were related articles on decentralized science introduced at Binance Square earlier this year.
Traditionally, everyone knows that conducting scientific research requires substantial funding. Many valuable research projects struggle to start or continue due to insufficient funds, and significant investments of time, energy, and resources do not necessarily yield good results. In terms of intellectual property, patenting research results involves complex and time-consuming application procedures, and the management process is cumbersome. Additionally, collaboration and communication among scientists often suffer due to geographical distances or institutional limitations, hindering effective communication and the collision of innovative ideas. These issues collectively constitute the bottleneck of traditional scientific research, impeding the speed and efficiency of scientific progress. However, the advantages of blockchain, such as immutability, transparency, decentralization, and community governance (DAO), can create a more open, transparent, collaborative, and efficient new paradigm for scientific research.
## 0x01 BIO Protocol
In November, Binance Labs announced an investment in the DeSci project BIO Protocol, marking Binance Labs' first foray into decentralized science (DeSci). Subsequently, at the DeSci Day event held in Bangkok, CZ and Vitalik Buterin appeared together to discuss DeSci and showcased related DeSci projects, including VitaDAO's longevity products (VitaDAO is the predecessor of BIO and has received investments from Pfizer and other venture capital firms).
BIO Protocol is a liquidity and governance protocol in the decentralized science (DeSci) field, aimed at facilitating global patients, scientists, and biotechnology professionals to collectively fund, establish, and own tokenized biotechnology projects and intellectual property (IP) through blockchain technology, thereby accelerating the development of biotechnology. Below are some core features and functions of BIO Protocol:
BioDAO: BIO Protocol includes multiple sub-DAOs (decentralized autonomous organizations) focused on different specific scientific or medical research areas. These BioDAOs pool resources (data, capital, labor) together to leverage the collective power of globally distributed stakeholders to accelerate R&D processes and develop new intellectual property.
Incubation function: BIO Protocol provides incubation functions similar to Y Combinator, offering support and resources for scientific research projects.
Funding support: Through blockchain technology, BIO can more easily raise funds for scientific research projects.
Community participation: Allows scientists, patients, and investors from around the world to jointly participate in and support research projects.
Accelerated development: Helps research projects grow quickly, similar to how Y Combinator accelerates startup development.
Innovative model: Introduces new funding and commercialization models for research, breaking the limitations of traditional scientific funding.
Token economics: BIO is the native governance token of the BIO Protocol, allowing holders to use BIO tokens to support specific BioDAOs, vote on the issuance or distribution of future BIO tokens, implement accelerator programs, etc.
Incentive mechanism: BIO Protocol has designed a special acceleration reward mechanism to incentivize early participants and contributors to promote the rapid development of the ecosystem.
Roadmap: The development roadmap of the BIO project provides a clear path for long-term growth, including launching on the Ethereum mainnet with multi-chain support, adding at least 10 BioDAOs, covering a broader range of research fields, and optimizing the token economic model to enhance user participation and stabilize token value.
BIO Protocol catalyzes on-chain scientific economics through decentralized funding, incentives, and liquidity, drawing design concepts from the team's previous successful experiences in Molecule (a tokenization platform for early biomedical projects) and VitaDAO (the largest decentralized community for longevity science). The goal of BIO Protocol is to build a decentralized and self-organized scientific world, a self-sovereign scientific system driven by open data and liquidity markets, with the core goal of curing diseases.
The BIO Protocol network currently has seven BIO DAOs, covering multiple directions such as cryopreservation, women's health, and mental health. The protocol token BIO and the tokens of its collaborative DAOs are receiving significant attention.
## 0x02 Token details and token economics
Token details
- Token name: BIO Protocol (BIO)
- Maximum supply: 3,320,000,000 BIO (dynamically adjusted, may increase)
- Genesis token total supply: 3,320,000,000 BIO
- Initial circulating supply: 1,296,529,168 BIO (39.05% of total supply)
- Ethereum contract address: 0xcb1592591996765Ec0eFc1f92599A19767ee5ffA
This Launchpool:
- Launchpool token rewards: 99,600,000 BIO (3% of total supply)
- Launch time: January 3, 2025, 18:00 (Beijing Time) (BIO)
- Trading pairs: BIO/USDT, BIO/BNB, BIO/FDUSD, BIO/TRY
- Staking participation time: December 24, 2024, 08:00 to January 2, 2025, 23:59 (UTC)
Token economics
- Total supply: 3,320,000,000
- Token status: Non-transferable (the community has initiated a proposal vote for open token transfer functionality)
- Maximum supply: No limit, decided by voting of the BIO governance body
Actual use cases of BIO tokens
- BIO Protocol governance, including BioDAO planning, IP token sale terms, support for health products/services, member governance, BIO issuance, and protocol upgrades.
BIO treasury
- Token distribution: The BIO Network provides $100,000 funding to incubated BioDAOs in exchange for 6.9% of the BioDAO token supply.
- Protocol-owned liquidity (POL): The BIO treasury accumulates fees and revenues from on-chain liquidity of assets such as BIO tokens, BioDAO tokens, IP tokens, ETH, and more.
## 0x03 Summary
DeSci (decentralized science) is a field that uses blockchain technology to change the early financing and commercialization methods of scientific research, aiming to break the bottlenecks of traditional scientific funding and promote patient-driven research globally. BIO Protocol, as an important project in the DeSci field, focuses on building a global research funding and collaboration platform to address challenges in rare diseases, longevity research, and emerging health through blockchain and DAOs (decentralized autonomous organizations). Its network includes multiple BIO DAOs covering different health fields, promoting research activities through the BIO token and its collaborative DAOs.