A few days ago, Binance announced that the new round of the Launchpool project is BIO. Although it was expected, I still have mixed feelings.

Long before Binance officially announced its investment in BIO, I had actually been paying attention to DeSci. At that time, I sensed that this track had great potential, but it would take a few years to explode, so I had been watching from the sidelines.

During that time, I read many DeSci articles and realized that BIO has the opportunity to become a leader because they are creating an "on-chain scientific version of Y Combinator", and the narrative is attractive enough.

So in late October, I shared the news about BIO's auction with my group friends, but no one knew what BIO was. The final result was that everyone missed the opportunity; it was truly an early start yet a late arrival.

Later, Binance officially announced its investment in BIO, which suddenly brought it to the public eye. Coupled with the emergence of URO and RIF, the DeSci track became popular overnight. Fortunately, I had already invested in these two Memes at a relatively early stage; otherwise, I would have been devastated.

Reviewing BIO, the conclusion is: when a particular track is still in its early stage, don't hesitate, dive in first, and then become friends with time; Meme may become a training ground for emerging tracks, although the risks are high, retail investors have a chance to profit.

As for BIO, missing the opportunity has become a fact; it might be worthwhile to see what makes it stand out.

1. "On-chain scientific version of Y Combinator"

YC is a globally renowned technology startup incubator, having incubated a number of impressive tech companies. In contrast, BIO is essentially creating another YC in a Web3 way, using blockchain technology for scientific research and funding.

Incubation function: like YC incubating technology startups, providing various resources for research projects.

Financial support: through blockchain technology, BIO can more easily raise funds for research projects.

Community participation: allowing scientists, patients, and investors from around the world to jointly participate in and support research projects.

Accelerated development: helping research projects grow quickly, similar to how YC accelerates startups.

Innovative model: introducing new research funding and commercialization models to break the limitations of traditional research funding.

2. Four core components

The essence of BIO is curation and liquidity protocol in the DeSci field, with the core being BioDAO, which raises funds through token sales to support and develop biotechnology projects related to its mission, while sharing intellectual property among members.

According to BIO's official website, there are currently 8 sub-DAOs successfully launched, raising a total of $30.3 million, with $7.2 million deployed for research funding.

In addition, the curation system, IP commercialization, liquidity, and incentive mechanisms are also core components of BIO, building a diverse and highly participatory community through multiple rounds of auctions and airdrop programs, laying the foundation for a decentralized biomedical research network.

3. Binance is the biggest "promoter"

The explosive growth of BIO is inseparable from the support of Binance, mainly reflected in the following three points:

① CZ's support

Earlier this year, CZ mentioned in a letter to the judge: "I think there is too much medical research currently driven by interests... I want to help fund small research laboratories. Over the past few years, I have talked with many biotechnology startups in this field." Later, CZ repeatedly mentioned DeSci and attended related conferences, becoming a key figure in the DeSci track, which would influence Binance Labs' investment decisions and lay the groundwork for investing in BIO.

② Binance Labs investment

Binance Labs is the only institutional investor in BIO, which is also Binance's first foray into DeSci investment, and the significance behind it is enormous. It is precisely because of Binance's involvement that BIO truly stepped into the spotlight and became recognized as the leader in DeSci.

③ Binance Launchpool new project

From the official announcement of Binance's investment to the launch of Launchpool, BIO took only a little over a month, which I recall is a first.

Interestingly, this time, the Launchpool mining period is up to 10 days, releasing 3% of the total amount of $BIO tokens, with less than 6 days remaining. Remember to put in some BNB or FDUSD: https://s.binance.com/BSXVmq3A