Binance Launchpool has started the 63rd project - BIO Protocol (#BIO), which is currently ongoing. Partners who have not deposited yet should quickly stake BNB/UDUSD for mining.
Now, let’s quickly understand BIO Protocol and its token $BIO.
🔍 What is BIO Protocol?
BIO Protocol is a launch platform and liquidity protocol for decentralized science (DeSci), aimed at promoting global biotechnology innovation through decentralization. It connects patients, scientists, and investors to jointly fund and own tokenized biotechnology projects and intellectual property (IP).
🌐 What is the vision of BIO Protocol?
- Accelerating scientific breakthroughs: Supporting individuals rather than institutions to lead biotechnology funding and commercialization.
- Liquidity and community: Building efficient markets and on-chain communities to collaborate around the most promising early-stage scientific projects.
- Tokenization of intellectual property: Providing incentives and structure for distributed R&D outside of the traditional pharmaceutical industry, creating more valuable scientific IP.
🌐 How to solve the pain points in the biotechnology field?
- Decentralized financing: Opening investment channels to allow anyone to support potential projects.
- Resource integration: Gathering data, funding, and talent to reduce innovation costs.
- Investment risk diversification: Reducing the risks of biotechnology investments through portfolio management.
- Global collaboration: Attracting global scientists and capital to drive breakthrough research.
- Shared ownership: Achieving co-ownership of intellectual property through tokenization.
- Early liquidity: Providing liquidity support for biotechnology assets.
- Open governance: Eliminating intermediary barriers in traditional funding processes.
What are the core products of BIO Protocol?
1. BioDAO Launchpad
- The first 8 DAOs have completed the acceleration program, with a total market value exceeding $300 million.
- The latest BioDAO raised initial funds of $6.8 million, oversubscribed by 13 times.
2. Acceleration tools
- Providing legal framework, brand building, and Web3 tool support to assist the community in establishing BioDAO.
- A total of $7.37 million raised for the research field, with a tokenized IP portfolio valued at over $43 million.
3. Liquidity protocol
- Guided liquidity through BIO Genesis, locking total value (TVL) exceeding $50 million.
- Approximately 29,800 network token holders.
What are the empowerments of $BIO?
- Governance rights: Holders can participate in the governance of the protocol and BioDAO.
- Whitelist permissions: Priority access to BioDAO funding rounds and IP tokens.
- Curation management: Supporting high-quality BioDAO launches and providing funding and liquidity.
- Connecting ecology: BIO holds a basket of DeSci tokens, achieving network connection by supporting BioDAO.
- Liquidity rewards: Earn trading fees by tokenizing assets through the protocol treasury.
💹 What is the financing and circulation of $BIO?
Total private and public fundraising of $30.2 million:
- Private fundraising
- Pre-seed round: Raised $900,000, valued at $35 million.
- Seed round: Raised $1.4 million, valued at $69 million.
- Public fundraising
- Genesis Round 1: Raised $6.2 million, valued at $8.5 million.
- Genesis Round 2: Raised $18.2 million, valued at $142 million.
- Genesis Round 2.5: Raised $3.5 million, valued at $219 million.
- Total token supply, circulation, and distribution
- Total supply of 3.32 billion, initial circulation of 1.296 billion.
- Binance Launchpool accounts for 3% of the total.
For other allocations and unlocks, please check the attached image!
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https://www.marketwebb.ac/join?ref=PIUCM52E
