The decentralized science (DeSci) project BIO Protocol (BIO) was officially launched on Binance yesterday (3rd). After opening, it once surged to $1.4, and the FDV exceeded 2.4 billion Mg. However, the tokens related to the DeSci field did not react much...
After the decentralized science (DeSci) project BIO Protocol (BIO) ended its ten-day new coin mining activity on Binance Launchpool, it officially landed on the Binance spot trading market at 18:00 yesterday evening (3rd) (OKX and other exchanges also listed it simultaneously).
BIO opened at a high of $1.477
After BIO opened yesterday, the price quickly reached a high of $1.477, but selling pressure subsequently caused the price to fall. At the time of writing, BIO has fallen back to $0.7489, with an FDV of more than $2.4 billion.
BIO trend. Image source: Binance spot
Public offering investors made a maximum profit of 57 times
We know that as the first DeSci project in which Binance has participated in the investment, coupled with the previous public discussions between Binance founder Changpeng Zhao (CZ) and Ethereum founder Vitalik, BIO has attracted enough attention.
From the fundraising situation, BIO raised $30.2 million through private placement (for institutions) and public offering (for retail investors). According to statistics from Ai Yi, an on-chain data analyst, in the three rounds of public offerings, the costs for investors were:
First round: $0.0256
Second round: 0.04277 USD
Round 3: $0.06596
If calculated based on the highest price of $1.477 after yesterday's opening, the highest profit of public offering investors will be about 57 times, and the lowest will be 22 times. In this regard, the Chinese crypto KOL Coin Circle Philanthropist published a statement saying that he invested 10 ETH in public offerings and received a total of more than 800,000 tokens. He has sold half of them and made a profit of 100 ETH:
BIO has issued 10e in total, and has issued more than 800,000 tokens, half of which are locked and half are in circulation. The circulating half has just been sold, which is exactly 100e... Congratulations to the BIO family.
How are DeSci-related tokens performing?
Due to the popularity brought by BIO, many investors previously believed that BIO's listing on Binance would lead to an explosion in the DeSci track, so they also bet on related tokens.
However, according to Coingecko data, after BIO was listed on Binance yesterday, it did not seem to stimulate the rise of DeSci-related concept coins in a short period of time, including the more well-known DeSci projects such as $VITA and $RSC, which did not experience major fluctuations after BIO opened.
At the same time, the DeSci meme coins $URO and $RIF, which had previously received much attention from the market, fell sharply yesterday, with declines of 20% and 18% respectively in the past 24 hours.
Image source: CoinGecko
What is BIO Protocol?
BIO Protocol is a DeSci (decentralized science) project that hopes to become the Y Combinator (Silicon Valley's largest accelerator) of on-chain science. BIO's goal is to enable the global community of scientists, patients, and investors to jointly fund, develop, and own new drugs and therapies through its Biotech Decentralized Autonomous Organization (BioDAO) network. The protocol's innovative approach addresses critical gaps in traditional scientific research financing, especially in areas such as rare diseases, longevity science, and emerging health challenges.
It is worth mentioning that a number of well-known crypto and biotech venture capital institutions have invested in BIO Protocol, including 1kx, Boost VC, Sora Ventures, Zee Prime Capital and Northpond Ventures, a biotech fund with a scale of more than US$3 billion. In addition, Binance also announced its investment in BIO Protocol in early November, which is also regarded as Binance's first foray into the DeSci field.
BIO Roadmap
BIO TGE will be held on January 3
BIO will be launched on Solana and Base Chain
BioDAO will launch new projects
BIO/BioDAO Liquidity Pool
New BIO Launchpad is coming soon
BIO Token Economics
56% allocated to the ecosystem and community
25.4% allocated to early contributors
18.6% allocated to early supporters
