BIO Protocol is a decentralized platform that combines DeFi financial instruments with decentralized science (DeSci) to accelerate the development of biotechnology. It provides the ability to fund, develop, and manage tokenized scientific intellectual property from universities, companies, and researchers around the world.
Key features of BIO Protocol:
Funding for scientific projects: BIO Protocol creates a financial layer for DeSci aimed at accelerating the flow of capital and talent into on-chain science.
BIO Token: This token gives holders early access to leading biotech DAOs and tokenized intellectual property. It also serves as a governance function, allowing voting on issues such as intellectual property tokenization, data sharing policies, and licensing revenue distribution.
Protocol has partnered with Binance to allow users to farm BIO tokens by staking $BNB and $FDUSD . The maximum token supply is 3,320,000,000 BIO.
BIO Protocol is preparing to launch on the Binance Launchpool, which will begin on December 24, 2024 and run until January 3, 2025. After the Launchpool concludes on January 3, 2025, the token will be listed on the Binance exchange, giving it broader market access.
Cost estimate:
According to official information from Binance, the total maximum supply of BIO Protocol (BIO) tokens is 3,320,000,000 BIO.
Approximate estimates of the potential price of the BIO token based on this information:
Output data:
Maximum token supply: 3,320,000,000 BIO
Tokens distributed via Launchpool: 99,600,000 BIO (3% of total supply)
Market capitalization assumption at launch: $100–150 million
Calculations:
1. With a market capitalization of $100 million:
Token price: $100,000,000 ÷ 3,320,000,000 BIO ≈ $0.0301
2. With a market capitalization of $150 million:
Token price: $150,000,000 ÷ 3,320,000,000 BIO ≈ $0.0452
Forecast:
Optimistic scenario: If the project quickly gains popularity, the price may increase to $0.05–$0.1 within the first few months.
Conservative scenario: After launch, the price is expected to be in the range of $0.03–$0.05, with a gradual increase.
