Research report: @bioprotocol (🔔)
🟧Project index: ⭐⭐⭐⭐⭐
🟧Project track: DeSei
🟧Binance Launchpool launches the 63rd project, use BNB and FDUSD to obtain BIO Protocol (BIO)
🟧BIO Protocol is the financial layer of DeSci, a governance and liquidity protocol for decentralized science (DeSci) designed to accelerate the flow of capital and talent into on-chain science. bioDAOs can raise funds using BIO Protocol's auction contracts and direct funds to research initiatives, IP assets, and other biotech organizations.
Users can obtain BIO by investing BNB and FDUSD into the BIO reward pool on the Launchpool website. The BIO activity will last for a total of 10 days.
🟧Project details
Everyone has always thought that DeSci is a new narrative, but because the narrative of life sciences is too new, too large, and takes too long to implement, most people are just waiting for the surge in BIO memes.
Unexpectedly, a series of remarks and activities by Binance, CZ, and Vitalik have already hinted at us - Binance Launchpool has launched the 63rd project BIO Protocol. Congratulations to friends who participated in the pre-sale, you won! Friends who have BNB and FUSD, don’t forget to deposit them into Launchpool for mining, there are still 5 days left.
BIO Protocol is a curation and liquidity protocol focused on the field of decentralized science (DeSci). It is the first investment of Binance Labs and aims to provide support and resources for scientific research projects and promote scientific research innovation.
Through core components such as BioDAO, planning system, intellectual property and liquidity, and incentive mechanisms, it has built a diverse and highly engaged community, laying the foundation for a decentralized biomedical research network.
With the extension of life expectancy and the decline of birth rate in the global population, many countries are facing the serious problem of population aging. How to improve the health of the elderly and delay the aging process has become the key to longevity research and the significance of the existence of the DeSci track.
BIO Protocol is a decentralized science (DeSci) project funded by VitaDAO and the University of Copenhagen. In fact, the team is most likely incubated by VitaDAO itself.
BIO Protocol is regarded as the "on-chain scientific version of Y Combinator". Using this platform, scientists, patients and investors can jointly fund and develop new scientific research and drugs through DAO (decentralized autonomous organization), providing more efficient, transparent and fair funding, collaboration and results transformation mechanisms for scientific research, breaking the centralized model of traditional scientific research and the bottleneck of traditional scientific research funding.
BIO Protocol stands out in the DeSci track mainly due to its innovative technical architecture, clear market positioning and unique competitive advantages. The main features of BIO Protocol include:
1. Incubation function: Similar to the technology startup incubator Y Combinator, BIO Protocol provides support and resources for scientific research projects to help them grow and develop rapidly.
2. Financial support: Using blockchain technology, BIO Protocol can more easily raise funds for scientific research projects.
3. Community Engagement: Allowing scientists, patients and investors around the world to participate in and support research projects.
4. Innovative model: Introduce new scientific research funding and commercialization models to break the limitations of traditional scientific research funding.
5. BioDAO: BIO Protocol contains sub-DAOs (decentralized autonomous organizations) that focus on different specific scientific or medical research. These BioDAOs pool resources (data, capital, labor) together to leverage the collective power of globally distributed stakeholders to accelerate the R&D process and develop new intellectual property.
6. Curation system: Using a token staking mechanism, we screen and support high-quality biotech projects through a combination of community voting and professional evaluation.
7. Liquidity and IPization: Provide tokenization solutions for biotech IPs, allowing these IPs to be tokenized (such as NFT and FT forms); at the same time, establish a secondary market trading mechanism to achieve liquidity in scientific research project investments.
BIO Protocol promotes the progress of preclinical research and provides continuous financial support for the next generation of biomedical research and development by combining DeFi technology with real-world IP intellectual property. This decentralized model enables global researchers, supporters, and community enthusiasts to work closely together on scientific innovation and more efficiently transform biotechnology achievements into reality.
🟧Token Economics
BIO is the native token of BIO Protocol. Its main uses are:
① Governance tokens: BIO tokens give holders the right to govern the platform, allowing users to participate in important decisions such as platform protocol upgrades and ecological fund allocation.
② Incentive mechanism: BIO tokens are used as an incentive tool within the platform to reward users who provide data, technology or financial support to the platform. For example, when patients and researchers share data, they will receive BIO token rewards based on the value of their contributions.
③Transactions and discounts: BIO tokens can be used for various transactions within the platform (such as data exchange, research funding, etc.), and enjoy discounts on health products or services. For example, tokens can be used to obtain discounts when purchasing related scientific research products or using specific scientific research services.
④ Resource allocation and screening: Used for the curation system, through the token staking mechanism, combining community voting with professional evaluation, screening high-quality biotech projects, and deciding which projects can obtain funding, resources and support from BIO Protocol.
Token name: BIO Protocol (BIO)
Initial circulation: 1,296,529,168 BIO (39.05% of the maximum token supply)
Total Tokens: 3,320,000,000 BIO
Binance Launchpool Allocation: 99,600,000 BIO (3% of total tokens)
Registration link: https://www.binance.com/join?ref=175967118
Mining portal: https://launchpad.binance.com/zh-CN/launchpool/BIO_BNB
The current BIO OTC price is 0.84u. If it opens at this price, the market value will be 820 million and the FDV will be 2.1 billion.
Considering BIO Protocol’s innovation in the healthcare field and its first listing on Binance, there is usually a certain premium space.
The opening price is estimated to be between 0.5-1u!
Opening time: 18:00, January 3, 2025
Hurry up and dig it up!!!
