Let's talk about BIO Protocol, or BIOcoin. This is a platform that specifically supports decentralized science (DeSci), allowing biotechnology innovation to get funding and scientific funding.
BIO wants to change the status quo and allow individuals rather than institutions to fund and commercialize biotechnology, so that scientific progress can be faster.
There are many problems with scientific funding now. For example, scientists have to spend a lot of time applying for funding, which delays research! In addition, many good early discoveries have not been commercialized because of high risks and insufficient resources. Not to mention that funds are concentrated in a few places, most scientific talents have no chance. Intellectual property and licensing are also a big problem, making it difficult to cooperate and enter the market for innovation. Patient participation is also low, and scientists and patients have different ideas.
How does BIO solve these problems? It has set up a decentralized fund so that anyone can invest in biotechnology projects. In this way, resources are concentrated and costs are low. BIO also bundles projects together to reduce investment risks. Scientists, researchers and investors from all over the world can participate and work together for science. Intellectual property is also shared, and both biotech DAOs and scientific intellectual property can be used as tokens. BIO also provides a liquidity market, allowing biotech assets to circulate at an early stage.
The BIO token also has many functions. For example, holding BIO can participate in governance, and can also whitelist access to BioDAO financing rounds and tokenized IP on the network. BIO holders can also select BioDAOs to launch on the BIO Launchpad and receive network support. BIO also represents a basket of DeSci tokens, because BioDAOs in the network will contribute a portion of the initial tokens to the protocol in exchange for funds, liquidity and acceleration services.
The core of BIO is the launchpad and liquidity protocol, and the community can decide which DAOs get supported. The BIO Launchpad also has three stages: management, allowing acceleration (funds) and separation (AMM liquidity).
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