BIO Protocol is a DeSci project that applies blockchain technology to finance research related to biomedical technology and is invested by binance lads.
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Personally, I think this is one of the outstanding projects and could be quite hot in the first quarter of 2025 with the super hot DeSci segment recently.
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1.What is BIO Protocol?
BIO Protocol is a pioneering project in DeSci, where scientists, patients, and investors globally come together to fund, develop, and own new medicines through BioDAOs. The project fills the gap in traditional science funding, focusing on rare diseases, longevity research, and emerging medical challenges.
With the goal of shaping the future of biotechnology, BIO Protocol develops scientific communities (bioDAO) and creates an efficient liquid market for IP. The BIO token plays a key role, providing users with access to the network and cutting-edge research projects.
2. Strategic vision and goals of#BIO
The goal of the Bio Protocol:
Select, create, and promote new BioDAOs to support on-chain science.
Providing continuous funding and liquidity for BioDAOs and onchain biotech assets.
Standardize BioDAO framework, tokenomics, and datasets/products.
Creation and commercialization of scientific and data IP.
Core activities:
Election: BIO holders use vBIO to vote for new BioDAOs, giving them privileged access to the DAO's services.
Funding: Selected BioDAOs receive support from vBIO, including early access to pre-seed funding rounds.
Liquidity: BIO facilitates the liquidity of BioDAOs by pairing BIO tokens with BioDAO tokens in liquidity pools.
Bio/acc rewards: BioDAOs receive BIO tokens when reaching milestones, increasing network value.
Meta Governance: BIO holders participate in the governance of BioDAOs through token holding and decisions on scientific IP assets.
3.BIO Protocol Ecosystem
BIO is a network of BioDAOs, each focused on research and product development in a specific scientific area. For example:
VitaDAO focuses on longevity science,
CerebrumDAO specializes in brain health,
ValleyDAO explores the field of synthetic biology.
The BioDAOs listed below are all incubated or have close ties to bio.xyz, and as such, they are expected to actively contribute to the future development and governance of the BIO Protocol.
4.Tokenomics of Bio Protocol
Token Details:
Token Name: BIO
Blockchain: Ethereum
Type: Utility & Governance (ERC-20)
Total Supply: 3,320,000,000 BIO
Circulating Supply: 1,296,529,168 BIO
Token Distribution:
Binance launchpool Token reward: 99,600,000 BIO (equivalent to 3% of the total initial token supply)
This is how the Bio Protocol supply is distributed.
5. BIO Protocol has successfully raised a total of $13 million in funding, with participation from leading investment funds such as:
1kx
Boost VC
Northpond Ventures, with a $3 billion biotech fund
Notably, Binance Labs is also listed as a strategic investor, although details of their investment amount have not been disclosed.
6. BIO Launchpool Details:
Ten Token: Bio Protocol (BIO)
Maximum Token Supply: 3,320,000,000 BIO (subject to increase)
Total Genesis Token Supply: 3,320,000,000 BIO
Launchpool Token Reward: 99,600,000 BIO (3% of total genesis token supply)
Initial Circulating Supply: 1,296,529,168 BIO (39.05% of total genesis token supply)
HOW TO JOIN LAUNCHPOOL BIO SPECIFICALLY AS FOLLOWS
Register Binance account:
Prepare $BNB or $FDUSD: You will need one of these coins to stake.
Stake $BNB BNB: Reward is 84,660,000 BIO
Stake $FDUSD : Reward is 14,940,000 BIO
Join Staking: Go to launchpad.binance.com/en and select BNB or FDUSD pool to start staking.
Time: 10 days from 7am December 24 to 7am January 3 (Vietnam time)
