This is just a personal opinion, profits and losses are at your own risk.
The only DeSci investment by Binance
Since Binance has invested in DeSci, it is definitely not just a flash in the pan.
BIO is a token in the Decentralized Science (DeSci) field, issued by the BIO Protocol. The BIO Protocol aims to accelerate the development of biotechnology through blockchain and Web3 technology, providing a platform for patients, scientists, and biotechnology professionals worldwide to co-fund, develop, and own biotechnology projects and their intellectual property. The goal of BIO is to solve funding and collaboration issues in traditional biomedical research in a decentralized manner.
BIO was first initiated by VitaDAO/Molecule in July 2021.
In December 2022, Pfizer Ventures supported VitaDAO with $4.1 million in funding.
Investors also include traditional financial institutions and the former Coinbase CTO & a16z partner.
November 2023
The total market value of BioDAO tokens has exceeded $200 million
May 30
$BIO has raised over $20 million in funding, financed over $10 million in research, and the ecosystem's market value exceeds $200 million.
On August 9, the BIO Protocol launched its first round of Bio Genesis token sales at an average price of $0.025, with a trading volume of $11.51 million. The second round of token sales took place on September 30, with BIO's average price increasing by 72% to $0.043, and trading volume rising to $19.49 million. By the public auction of round 2.5 on November 10, the BIO price rose to $0.066, a 264% increase from the first round. Currently, the auction rounds of the BIO Protocol have ended.
❗️❗️In November 2024, Binance Labs made its first DeSci investment in BIO Protocol
Binance Labs invested in the BIO Protocol, a groundbreaking protocol that uses blockchain technology to change the financing and commercialization of early scientific research. This investment marks Binance Labs' first foray into the field of decentralized science (DeSci).
This new funding will drive the expansion of the BioDAO ecosystem, provide seed funding for new BioDAOs, and strengthen the network of service providers, offering them community and tokenomics support. This will help realize the vision of BIO, which is to create autonomous scientific funding and acceleration infrastructure driven by artificial intelligence, drug design, and open-source computational biology.
$BIO is the governance token of the BIO Protocol, used for governance and decentralization, whitelist access, curation management, connecting BioDAO and protocol liquidity. The funding situation is also quite good: $900,000 before the seed round; $1.4 million in seed round funding; $6.2 million in public funding Genesis Round 1; $18.2 million in Genesis Round 2; $3.5 million in Genesis Round 2.5, with a valuation reaching $219 million.
Overall, BIO is an incubator focused on DeSci projects, with its own token being BIO.
The team behind it also created a DeSci meme launcher called Molecule, which received a grant from the Solana Foundation. The founder has a Consensys background, which can be understood as the execution agency of Ethereum.