Article source: On-chain expert

A few days ago, Binance announced that the new Lanchpool project is BIO. Although it was expected, I still felt mixed emotions.

Even before Binance publicly announced its investment in BIO, I was already 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 was always observing.

During that time, I read many DeSci articles and realized that BIO had the opportunity to become a leader because they were creating a 'Y Combinator for on-chain science,' and the narrative was compelling enough.

So at the end of October, I shared the news of the BIO auction with my group friends, but no one knew what BIO was. The final result was a collective miss, truly an early start with a late arrival.

Later, Binance publicly announced its investment in BIO, which brought it into the spotlight. Coupled with the sudden emergence of URO and RIF, the DeSci track became popular overnight. Thankfully, I had already invested in these two memes at an early stage; otherwise, I would have been devastated.

Looking back at BIO, the conclusion drawn is: when a certain track is still very early, don’t hesitate, dive in first, and then become friends with time; memes are likely to become a training ground for emerging tracks, although the risks are high, retail investors have the opportunity to profit.

As for BIO, missing out has become a fact; it might be worth taking another look at what makes this project exceptional.

1. 'On-chain Science Version of Y Combinator'

YC is a globally renowned tech startup incubator, having incubated a host of amazing tech companies. In contrast, BIO is actually building another YC using Web3 methods, leveraging blockchain technology for scientific research and funding.

Incubation Function: Providing various resources for research projects, similar to how YC incubates tech startups.

Funding 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 participate in and support research projects.

Accelerated Development: Helping research projects grow quickly, similar to how YC accelerates the development of startups.

Innovative Model: Introducing new research funding and commercialization models, breaking the limitations of traditional research funding.

2. Four Core Components

The essence of BIO is a 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 7 sub-DAOs successfully launched, with a total financing of $30.3 million and $7.2 million deployed for research funding.

Click here to view: https://app.bio.xyz/launchpad

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

3. Binance as the Biggest 'Pusher'

BIO's explosive growth is inseparable from Binance's assistance, reflected in the following three points:

① CZ's Assistance

As early as the first half of the year, CZ mentioned in a letter to the judge: 'I think the current medical research is too driven by interests... I want to help fund small research laboratories. Over the past few years, I have spoken with many biotech startups in this field.'

Later, CZ mentioned DeSci multiple times and participated in related conferences, becoming the soul figure of the DeSci track, which would influence Binance Labs' investment decisions, laying the groundwork for later investment 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, carrying significant implications.

It is precisely because of Binance's involvement that BIO has truly taken center stage, becoming the publicly recognized leader in DeSci.

③ Binance Lanchpool New Listing

From the public announcement of Binance's investment to the launch on Lanchpool, BIO took just over a month, which I think is unprecedented.

Interestingly, this Lanchpool mining lasts up to 10 days, releasing 3% of the total amount of $BIO tokens, with less than 6 days remaining. Remember to put in BNB or FDUSD.