On December 20, DeSci (Decentralized Science) financial layer BIO Protocol proposed a governance vote on making BIO a transferable token, which was announced to pass on the 23rd. Due to overwhelming support, Binance also announced in advance that BIO Protocol would become a new Launchpool product, to be listed on January 3. Previously, CZ and Vitalik jointly supported BIO Protocol at Devcon in Bangkok, and we have introduced this agreement before; this article will focus on the introduction of the BIO token.

(What’s hot in DeSci? The ecosystem guide of BIO Protocol supported by Vitalik and CZ.)

Community overwhelmingly passed allowing BIO tokens to be traded

On December 20, the BIOPSY-15 proposal 'Make BIO liquid' was created. The proposal has three key points:

1. Lift the transfer restrictions on the BIO token contract and make it transferable.

2. Allocate 6% of BIO supply to provide liquidity to the market. Grant the BIO Foundation the authority to manage liquidity based on market demand.

3. Add ETH/BIO liquidity pool on the Ethereum mainnet.

The vote also passed three days later with a 99.96% overwhelming majority, indicating that the BIO token will be listed within 14 days.

BNB pool allocates 85% of tokens, should we go for it?

Binance also announced the listing of BIO token Launchpool on the same day the vote passed, starting at 8 AM Taiwan time on the 24th. The token will be listed at 6 PM on January 3, 2025. The initial supply of tokens is 3.32 billion BIO, but this is subject to dynamic adjustment, meaning it can be increased through voting.

The reward pool for Binance Launchpool accounts for 3% of the initial supply. Additionally, it is worth noting that the allocation ratio of the BNB pool to the FDUSD pool is 85:15, but whether it is more cost-effective to stake on one side or the other still depends on the capital volume on both sides.

TGE on Ethereum, Base, Solana in the first quarter of next year

On the 24th, Pump Science has launched the Pump Science RIFmas Surprise for $RIF and $URO token holders, distributing a $bAInance airdrop of 4.68 million dollars to 37,322 addresses, which must be claimed within 30 days. Additionally, before the end of 2024, BIO Protocol will introduce AI agents for DeSci.

BIO Protocol also announced the roadmap for the first quarter of 2025:

  • TGE on the Ethereum mainnet on January 3, followed by listing on Solana and Base.

  • Increase BIO/BioDAO liquidity pool

  • Launch of Long COVID Labs studying COVID and Curetopia researching rare diseases

  • Announce new BIOdaos and launch new BIO Launchpad

  • BIO Launchpad goes live on Solana

Community fundraising exceeds 33 million dollars, first generation tokens have no sell pressure

Part of token economics:

  • 56%: Ecosystem + Community

  • 25.4%: Early Contributors

  • 18.6%: Early Supporters

In line with the trend of recent large projects, a large number of tokens are allocated to the community. BIO launched community fundraising in November, raising over 33 million dollars at that time; besides, Binance Labs is the only institution with financing.

However, whether early contributors or supporters, the first generation tokens cannot be unlocked and only 56% of tokens will be available for the ecosystem and community. These tokens will gradually unlock over the next six years.

Will DeSci AI be the next hot narrative?

Regarding the AI agents on DeSci, BIO Protocol founder Paul Kohlhaas stated that the AI agents on DeSci have not yet been priced; specifically, they can achieve the following:

  • Propose research recommendations

  • Make funding decisions

  • Draft intellectual property agreements (the author thinks of Story Protocol)

The official roadmap mentions that a new BIO Launchpad will be launched in the first quarter of next year, with limited sell pressure in the short term. Coupled with the current trending topics in this cycle, the author believes that the expectation for the BIO token is high. Including the recently launched Binance Alpha $RIF and $URO, both have seen significant price increases recently. It might be worth paying some attention to the previously introduced BIO ecosystem.

Currently, Whales Market has launched pre-market trading for BIO, with a price of 0.63 at the time of writing, multiplied by a total supply of 3,320,000,000, giving a market capitalization of about 2.1 billion dollars. Because BIO currently holds a strong position in the DeSci field and there are not many cases available for valuation comparison. According to Coingecko data, a market cap of 2.1 billion dollars would position it between The Graph and dogwifhat, close to the market cap of Pudgy Penguins, which just issued tokens recently.

(2.25 billion dollar valuation startup Story Protocol launches the ATCP/IP interactive framework, will it promote the new process of AI agent autonomy?)

This article Binance lists BIO Protocol: Staking BNB distributes 85% airdrop, will the first quarter of 2025 be the season for DeSci? First appeared in Chain News ABMedia.