[Latest News]
According to official news, Bio Protocol (BIO) is online on Binance Launchpool. Users can invest BNB and FDUSD into the BIO reward pool on the Launchpool website after December 24 at 08:00 (GMT+8) to earn BIO. The BIO activity lasts a total of 10 days.
New Listing:
Binance listing time for Bio Protocol (BIO): January 3, 2025, 18:00 (GMT+8), and the trading markets BIO/USDT, BIO/BNB, BIO/FDUSD, and BIO/TRY will be opened.
1. Project Overview
The BIO protocol is the financial layer of DeSci, aimed at accelerating the influx of capital and talent into on-chain science. bioDAO can use the auction contracts of the BIO protocol to raise funds, and directly apply the funds to research programs, IP assets, and other biotechnology organizations.
Tags: DeFi, DeSci
Establishment Date: 2022
2. Financing Situation
August 20, 2024: BIO Protocol announced the completion of $6.22 million in the first round of Genesis auction financing, exceeding the original target of approximately $5 million.
November 8, 2024: Binance Labs announced an investment in the DeSci project BIO Protocol, with the investment amount undisclosed. This investment is Binance Labs' first investment in the DeSci field.
November 13, 2024: The DeSci project BIO Protocol has completed community token financing Genesis Round 2.5, raising a total of $2.9 million in this round, with the total value of assets exchanged for BIO reaching $2.93 million.
3. Token Economics
According to previous information from the project white paper, the total supply of BIO Genesis distribution is divided into the following parts:
1. Community (total 56%):
Community Airdrop (6%): 199,200,000 BIO
Community Auction (20%): 664,000,000
BIO Ecosystem Incentives (25%): 830,000,000
BIOMolecule Ecosystem Fund (5%): 166,000,000
2. Other BIO distributions are as follows:
Core Contributors (21.2%): 703,840,000
BIO Investors (13.6%): 451,520,000
BIOMolecule (5%): 166,000,000
BIO Consultant (4.2%): 139,440,000 BIO
4. BIO Launch Pool Details
Token Name: BIO Protocol (BIO)
Maximum Token Supply: 3,320,000,000 BIO (dynamic, may be increased through network governance)
Total Genesis Token Supply: 3,320,000,000 BIO
Launchpool Token Rewards: 99,600,000 BIO (3% of total Genesis token supply)
Initial circulating supply at Binance spot listing: 1,296,529,168 BIO (39.05% of total Genesis token supply)
Locked BNB: Rewards 84,660,000 BIO (85%)
Locked FDUSD: Rewards 14,940,000 BIO (15%)
Farming Time: 2024-12-24 00:00 (UTC) to 2025-01-02 23:59 (UTC).
5. Summary
After a long absence, the Binance Launchpool project is back, and this time the project is the long-awaited DeSci 'leader' — BIO. Its mission is to enable the global community of patients, scientists, and biotechnology professionals to jointly fund, build, and own tokenized biotechnology projects and intellectual property (IP), thereby accelerating the development of biotechnology.
Disclaimer: All information in this article is for communication and sharing purposes only and does not constitute any investment advice. Please comply with the relevant laws and regulations in your region. Investment is refused at your own risk.
