Introduction to BIO Protocol
Binance Labs has announced its first entry into the decentralized science (DeSci) space by investing in BIO Protocol (BIO), a revolutionary protocol designed to support funding and commercialization of early-stage scientific research through blockchain technology.
As the financial layer of DeSci, BIO Protocol is committed to accelerating the on-chain flow of capital and talent. Its non-profit nature provides decentralized funding support for the BioDAO community, and through the DeFi mechanism, it combines with real-world intellectual property (IP) to inject momentum into biomedical research and development and promote the innovation and implementation of biotechnology.
Financing progress
BIO Protocol was founded in 2022 and completed its first Genesis auction on August 20, raising $6.22 million, exceeding its $5 million target. First-round investors can receive 50% of the BIO tokens released immediately, and the remaining 50% will be unlocked linearly within one year (vBIO). The amount of financing accounts for more than half of the total public sales in August, and BIO plans to further carry out a new round of financing.
Project promotion and Binance support
Binance Labs' investment will help BIO Protocol accelerate the construction of its BioDAO ecosystem, support new project launches and expand its support network. BIO Protocol uses blockchain technology to solve the inefficiency of traditional scientific research funding channels, especially focusing on rare diseases and mental health.
The BIO token will serve as an important tool in the ecosystem, supporting BioDAO governance, token sale participation, product discounts and other functions, and assisting in project meta-governance.
Summarize
Binance's investment in BIO Protocol is an important step in its exploration of the DeSci field. BIO connects scientists, patients and investors through on-chain technology, providing new impetus for scientific research and innovation. If you are interested in BIO tokens, you may wish to learn more and follow its development. #比特币市场波动观察
