Recently, Binance ushered in the latest launchpool, and the mining time is as long as 10 days. So what is this project mainly about? Let's find out together! 👍
Binance Launchpool now lists the 63rd project - BIO Protocol (BIO), a decentralized science (DeSci) governance and liquidity protocol.
Users can invest BNB and FDUSD into the BIO reward pool on the Launchpool website after 08:00 (GMT+8) on December 24, 2024 to receive BIO. The BIO activity will last for 10 days. The website is expected to be updated within about 12 hours of this announcement, before the activity opens.
🔬 1. Project background and positioning 🔬
BIO is a pioneering project in the field of DeSci (decentralized science) that aims to create a decentralized infrastructure to support research and development in the field of biotechnology. The project catalyzes the on-chain scientific economy and accelerates the development of biotechnology through decentralized funding, incentives, and liquidity.
🚀 2. Main products and functions 🚀
BIO Protocol (Infrastructure Layer) 🌐
Provide decentralized scientific infrastructure to support the funding, establishment and ownership of tokenized biotech projects and intellectual property (IP) for biotech projects.
BioDAO Incubator (Project Incubation Program) 🌱
Aims to promote decentralized science, develop public infrastructure, and leverage the potential of Web3, IP-NFT, and token economics for research innovation.
Each BioDAO is dedicated to developing research and products in a specific scientific field.
💰 3. Tokens and Economic Model 💰
Token name: BIO Protocol (BIO) 💎
Maximum supply: 3,320,000,000 BIO (dynamically adjusted, may be increased through network governance)📊
Token Distribution 📊
Community: 56% 👥
Community Auction: 20% 🎨
Community Airdrop: 6% 🎁
Ecosystem incentives: 25% (including subdivisions)🌱
Molecule Ecosystem Fund: 5% 💰
Investors: 13.6% 💼
Core Contributors: 21.2% 💪
Advisor: 4.2% 🎓
Token Usage 🔑
BIO tokens are the governance tokens of the BIO protocol, and holders can participate in governance decisions, etc.
🚀 4. Project progress and ecological development 🚀
Get institutional investment 💼
BIO Protocol received investment from Binance Labs and completed community token financing.
Project incubation and cooperation 🤝
Incubate projects in multiple scientific fields and collaborate with institutions and organizations.
Technology and function upgrades 🔧
BIO Launchpad upgraded, new BioDAO established, etc.
How to participate in launchpad and claim your rewards? https://docs.bio.xyz/bio/launchpad/how-to-guide
🚀 5. BIO Protocol’s Ecosystem Incentives 🚀
BIO Protocol's ecosystem incentives are a series of incentives implemented to promote and maintain the healthy development of its ecosystem. These incentives are designed to attract and retain users, developers, scientists, investors and other participants to jointly promote the development of the decentralized science (DeSci) field.
1. Overview of incentive mechanism
BIO Protocol encourages all participants to actively contribute and participate through ecosystem incentives. These incentives include but are not limited to token rewards, IP (intellectual property) incentives, community governance participation rights, etc. These incentives are designed to build a fair, transparent and vibrant ecosystem from which all participants can benefit.
II. Specific incentive measures
Token Rewards
BIO Protocol rewards users and developers who contribute to the ecosystem by allocating a certain percentage of tokens. These tokens can be used to trade, vote, or participate in other activities in the BIO ecosystem. Through token rewards, BIO Protocol can attract more users and developers to participate in the ecosystem and jointly promote its development.
IP Incentives
BIO Protocol encourages users to tokenize their biotechnology projects or intellectual property (IP) and trade and finance them through the BIO Protocol ecosystem. For projects that successfully tokenize IP and trade it in the BIO ecosystem, BIO Protocol will provide certain incentives, such as token rewards or reduced transaction fees. Such incentives will help promote innovation and commercialization of biotechnology, while also helping to expand the scale of the BIO Protocol ecosystem.
Right to participate in community governance
The governance of the BIO Protocol ecosystem is jointly participated by community members. By holding BIO tokens, users can participate in the governance decisions of the ecosystem, such as voting on the establishment of a new BioDAO, participating in the terms of the sale of BioDAO and its IP tokens, etc. This right to participate in governance not only gives users more decision-making power, but also enhances their sense of belonging and responsibility to the BIO Protocol ecosystem.
In addition to participating in the BIO ecosystem to obtain BIO tokens, you can also obtain tokens by staking FDUSD and BNB in Launchpool.
Register on Binance and fill in the invitation code: DBQAREOK
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https://www.suitechsui.blue/zh-CN/join?ref=DBQAREOK
