According to BlockBeats, on August 22, the decentralized biotech protocol BIO Protocol announced on August 20 that it had completed its first round of Genesis auction financing of US$6.22 million, exceeding the original target of approximately US$5 million.
Currently, investors who participated in the first round of financing can start claiming BIO tokens, 50% of which are available immediately and the other 50% will be unlocked linearly within one year.
It is worth noting that BIO's financing accounts for more than half of the total amount of all public sales in August this year (US$11.81 million). BIO Protocol also stated that it plans to launch a new round of financing.