What is $BIO Protocol?
📌BIO Protocol is a platform that redefines the financing of scientific research with blockchain technology. This system, which bypasses traditional and bureaucratic funding methods, aims to revolutionize under-supported areas, especially rare diseases, women's health, and anti-aging treatments.
📌The platform works through decentralized communities called BioDAO to provide support for scientific projects. The BioDAO ecosystem aims to remove barriers to science by providing researchers with an innovative infrastructure for both financing and intellectual property management.
📌BinanceLabs and #bioprotocol Partnership
Binance Labs, the investment arm of Binance, has contributed to the growth of this vision by making a strategic investment in #BIO Protocol. This investment will not only increase the number of BioDAO projects, but will also enable faster and more efficient implementation of research.
📌#BioDAO Ecosystem and Featured Projects
#BIO At the core of the Protocol are BioDAOs, which adopt a community-based approach. These DAOs operate transparently and efficiently thanks to blockchain technology and offer an effective revenue model.
1. Token Issuances: BioDAOs raise funds through token sales.
2. Research Funding: Funds collected are directed to biotechnology projects.
3. Intellectual Property Management: Intellectual property of projects is shared with the BioDAO community.
4. Revenue Sharing: Income from research results is reinvested in new projects.
You can see some of the leading projects below
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•VitaDAO $VITA: Leading the way in longevity research.
•AthenaDAO ATH: Focuses on women's health.
•PsyDAO PSY: Discovers psychedelic treatment methods.
•HairDAO HAIR: Conducts research on hair loss.
•CryoDAO $CRYO: Develops cryopreservation technologies.
📌These projects represent a structure that benefits both the scientific world and investors. For example, the VD001 drug supported by VitaDAO became the first longevity product to be approved and launched in Thailand.
Due to all these factors, the project excites us and I plan to act according to the opening market value.👍