Project Overview

BIO Protocol is a decentralized science (DeSci) project whose goal is to reshape the way biotechnology research is funded and commercialized through blockchain technology. BIO is not only a token, but also a protocol that aims to promote the flow of funds for scientific research and the sharing of intellectual property through community-driven autonomous organizations (BioDAOs). The latest round of financing was invested by Binance Labs and will be listed on Binance on January 3, 2025. This is also the first currency in the DeSci sector to be listed on Binance. The current over-the-counter price has reached an astonishing $0.8, with a FDV of 2.6 billion US dollars. It is estimated that the opening price will be around 2 billion US dollars, corresponding to a price of 0.5 to 0.8.

The BIO team was founded by a group of people who are passionate about cross-innovation in biotechnology and blockchain. They have previously participated in the development of Molecule and VitaDAO, two platforms that focus on the tokenization of biomedical projects and longevity science research respectively. BIO's goal is to solve the high costs, slow funding processes, and intellectual property acquisition problems faced in traditional biotechnology research. Its vision is to create a "bioconomy" so that scientific innovation is no longer constrained by the traditional system.

Core functions and design concepts

BIO Protocol has been called the “Y Combinator for on-chain science”. Its main goal is to provide support and resources for scientific research projects. Specific functions include:

  • Incubation function: Provide necessary support for scientific research projects, similar to Y Combinator's incubation of startups.

  • Funding support: Using blockchain technology to simplify the funding process for scientific research projects makes the flow of funds more efficient.

  • Community Engagement: Allowing scientists, patients and investors around the world to participate in and support research projects, enhancing community interaction.

  • Accelerate development: Accelerate the growth of scientific research projects by providing resources and platforms.

  • Innovation Model：Introduce new scientific research funding and commercialization models to break the limitations of traditional scientific research funding.

BioDAO Core Mechanism


At the heart of BIO Protocol is the BioDAO (decentralized autonomous organization), whose members can pool resources (such as data, capital, and labor) to jointly advance scientific research. BioDAOs raise funds through token sales and use these funds to support biotech projects related to their mission. Each BioDAO typically holds a portfolio of intellectual property (IP) tokens that represent intellectual property related to a specific field of scientific research.

  • BioDAOs: These are decentralized autonomous organizations focused on specific areas of biotechnology, where members collectively vote on project priorities and share the proceeds of research results.

  • Curation: Community members vote to decide which projects deserve priority funding, ensuring efficient use of resources.

  • Bio/Acc Rewards: Incentivize participants to receive BIO token rewards through various contributions (such as funds, expertise, creativity, etc.).

  • IP Tokens: A key innovation of BIO is the tokenization of intellectual property, allowing scientific discoveries and technologies to be shared and traded in a transparent and fair manner.


Incentive Mechanism

BIO Protocol has established a variety of incentive mechanisms to promote the development of the ecosystem: rewards are provided to early participants and contributors to promote the rapid development of the ecosystem. These rewards are issued in the form of BIO tokens to encourage institutions and users to participate in clinical trials and product use.

Token distribution: The total supply is 3,320,000,000 BIO, of which 56% is allocated to the community, including airdrops, auctions, and ecosystem incentives. Core contributors, investors, and advisors will also receive a corresponding proportion of tokens. The circulation volume when listed on Binance is 1,296,529,168 (accounting for 39.05% of the total tokens)

BIO has launched eight BioDAOs, covering fields ranging from gene editing to cancer research, and has achieved more than $48 million in intellectual property tokenization. The market potential lies in its ability to attract global scientists, investors and patients to participate in promoting the speed of innovation and the commercialization of results. From an investment perspective, BIO Protocol provides a unique investment opportunity that allows investors to directly participate in cutting-edge research in biotechnology. Through BIO tokens, investors can not only support scientific progress, but also benefit from research results.

Summarize

BIO Protocol represents an important development direction of decentralized science, changing the R&D and financing model of biotechnology through a community-driven approach. Its success will depend on the maturity of the ecosystem, technological advancement, and global market acceptance. As the concept of DeSci is gradually accepted by the market, BIO Protocol has become the leader of the entire sector after its launch on Binance. Its decentralized design concept has brought innovation to the traditional scientific research model. With the support of Binance Labs, the project is expected to achieve greater development potential in the future and bring breakthrough progress to biomedical research. As the market pays more attention to DeSci, BIO Protocol will become an important project worthy of attention.

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Registration link (20% discount on transaction fees): https://www.binance.com/zh-CN/join?ref=V3ZRJTNH


Invite code: V3ZRJTNH