BIO Protocol (BIO) was officially launched on Binance at 18:00 today, attracting much attention from the market. As an innovator in the field of decentralized science (DeSci), BIO is committed to reshaping the financing and commercialization of scientific research through blockchain technology, providing new momentum for technological innovation. The project has strong support from Binance Labs, CZ, Pfizer, and Solana Foundation, which can be said to be full of Buff bonuses.
BIO opened at a high of $1.477
After BIO opened yesterday, the price quickly reached a high of $1.477, but selling pressure subsequently caused the price to fall. At the time of writing, BIO has fallen back to $0.7489, with an FDV of more than $2.4 billion.
Public investors could achieve a maximum profit of 57 times.
We know that as the first DeSci project that Binance has participated in investing, combined with the previous public discussions between Binance founder Zhao Changpeng (CZ) and Ethereum founder Vitalik, BIO has already attracted enough attention.
From the fundraising situation, BIO raised a total of $30.2 million through private placements (for institutions) and public offerings (for retail investors). According to on-chain data analyst Ai Yi's statistics, in the three rounds of public fundraising, the investors' costs were:
Round One: $0.0256
Round Two: $0.04277
Round Three: $0.06596
If calculated based on yesterday's opening price of $1.477, public investors could achieve a maximum profit of about 57 times, with the lowest being 22 times. In response, a Chinese crypto KOL and charity in the coin circle stated that they invested 10 ETH in the public offering, receiving over 800,000 tokens, and have currently sold half for a profit of 100 ETH.
How are DeSci-related tokens performing?
Due to the hype brought by BIO, many investors previously believed that BIO's listing on Binance would drive the DeSci sector to explode, so they also placed bets on related tokens.
However, according to CoinGecko data, after BIO was listed on Binance yesterday, it did not seem to stimulate a rise in related DeSci concept coins in the short term, including well-known DeSci projects like $VITA and $RSC, which did not experience significant fluctuations after BIO opened.
At the same time, the DeSci meme coins $URO and $RIF, which had previously attracted significant market attention, saw a substantial drop yesterday, with their respective declines reaching 20% and 18% in the last 24 hours.
What is BIO Protocol?
BIO Protocol is a DeSci (Decentralized Science) project that aims to become the Y Combinator of on-chain science. The goal of BIO is to enable global scientists, patients, and investor communities to collaboratively fund, develop, and own new drugs and therapies through its decentralized autonomous organization (BioDAO) network. The innovative approach of the protocol addresses key gaps in traditional research funding, particularly in areas such as rare diseases, longevity science, and emerging health challenges.
It is worth mentioning that a number of well-known crypto and biotech venture capital institutions have injected funds into BIO Protocol, including 1kx, Boost VC, Sora Ventures, Zee Prime Capital, and the biotech fund Northpond Ventures, which has over $3 billion in scale. Additionally, Binance announced its investment in BIO Protocol at the beginning of November, marking Binance's first foray into the DeSci field.
BIO roadmap.
BIO TGE will take place on January 3.
BIO will launch on the Solana and Base chains.
BioDAO will launch new projects.
BIO/BioDAO liquidity pool.
A new BIO Launchpad is about to go live.
BIO token economics.
56% allocated to ecosystem and community.
25.4% allocated to early contributors.
18.6% allocated to early supporters.
The news of BIO's launch has already triggered a wave of DeSci market activity.
This coin is about to take off soon, $DRUGS.
ca: CX9YDTED9TWgVXVoFy8JL9gSSAEWcTv4mzjLSv17LQsj $DRUGS is a combination of Agent + DeSci, and this AI has run an on-chain fund for AI Agents.
This launch of BIO is not only an innovative attempt in the DeSci field but could also be the next hot topic in the crypto space, so let's wait and see!
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