BIO——The Collision of Science and Web3, the Focus of the DESCI Track
BIO Protocol is a launchpad and liquidity protocol in the decentralized science (#DeSci) field. It utilizes blockchain and Web3 technology to eliminate the reliance on traditional centralized institutions in the research process, thereby accelerating the development of biotechnology. (The previously popular $RIF and $URO are the vanguards of $BIO)
Traditional scientific research often suffers from issues like insufficient data sharing and low research transparency, and tokenizing biological sciences makes it easier to promote research progress.
Core Products:
1. BioDAO Launchpad
- The first batch of 8 DAOs has completed the acceleration program, with a total market value exceeding 300 million dollars.
- The latest BioDAO raised initial funding of 6.8 million dollars, with an oversubscription of 13 times.
2. Accelerating BioDAO Tools - Providing legal frameworks, brand building, and Web3 tool support to assist communities in establishing BioDAOs.
- Cumulatively raised 7.37 million dollars for the research field, with a tokenized IP portfolio value exceeding 43 million dollars.
3. Liquidity Protocol - Guiding liquidity through BIO Genesis, with a total value locked (TVL) exceeding 50 million dollars. - Approximately 29,800 network token holders.
Financing Situation:
1. Private Placement Fundraising
A total of 2.3 million dollars raised, with an estimated valuation of about 69 million dollars (Binance is likely to be an investor in this round).
2. Public Fundraising: The public fundraising process is through the open BIO Genesis auction. It consists of 3 rounds:
In Genesis Round 1, the project raised 6.2 million dollars, with an estimated valuation of about 85 million dollars.
In Genesis Round 2, the project raised 18.2 million dollars, with an estimated valuation of 142 million dollars.
In Genesis Round 2.5, the project raised 3.5 million dollars, with an estimated valuation of 219 million dollars.
Mainly researching rare diseases, hair loss, longevity, and cryogenic technology, these are all R&D projects with high demand in the future.
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