Deep Dive Into Bio Protocol | 63rd project on Binance Launchpool
Bull market always represents different opportunities that we can dig into and take the advantage. Just like that there is going to be a new coin and it will be listed on Binance soon.
I am talking about 63rd project on Binance Launchpool - BIO Protocol ( #BIO ) You also have the opportunity to farm tokens by locking BNB and FDUSD. I will also explain how you can do that.
Before that Let's Dive into project and see what's it's all about.
What is Bio Prtotocol?
BIO protocol is a new financial layer for decentralized science aimed at accelerating the flow of capital and talent into onchain science.
The protocol is designed to catalyze an onchain economy of scientific communities (bioDAOs) and create deep, liquid, efficient markets for scientific IP developed by bioDAOs.
Their goal is to create a platform where biotech data, research and resources can be securely shared, accessed and monetized.
Bio Protocol Goals & Operations
Curation, creation and acceleration of new bioDAOs funding science onchain.Perpetual funding and liquidity for bioDAOs and onchain biotech assets.Standardization of bioDAO frameworks, tokenomics and data/product suites.Generation and commercialization of scientific IP and data.
Core Operations
To achieve these goals, the BIO protocol has 5 core operations:
Curation: BIO holders use locked BIO (vBIO) to vote on which new BioDAOs join the ecosystem. Successful curation results in privileged access to the DAO’s products and services.Funding: Approved BioDAOs receive support from vBIO stakers, with early access to pre-seed funding rounds.Liquidity: BIO facilitates liquidity management for BioDAOs by pairing BIO tokens with BioDAO tokens in liquidity pools, improving market efficiency.Bio/acc Rewards: Incentives in BIO tokens are awarded to BioDAOs that reach specific milestones, enhancing network value.Meta-Governance: BIO holders can participate in the governance of BioDAOs by holding their tokens and making decisions on scientific IP assets.
Deep Dive into why Bio Protocol?
Here is their motive behind the Bio protocol. They identified a problem within the biopharma.
Problem: Broken Biopharma R&D
Pharma is not delivering drugs fast or cheap enough, the system facing significant challenges:
Escalating costs ($2.6B+ per new drug) and long time-to-market (10+ years)High failure rates (90%+)Concentration of funding in a few geographic hubsLimited access to early-stage biotech investments for most peopleMisaligned incentives between scientists, patients and pharma industry
Solution: A New base for Decentralized Science
BIO transforms the way early-stage scientific research is financed and commercialized using blockchain technology. Rather than the top-down structure of Academia and Big Pharma, BIO accelerates science from the ground-up through community consensus, scientific rigor and adaptive onchain tooling.BIO enables global communities of scientists, patients, and investors to collectively fund, develop, and co-own promising new drugs and therapeutics through its network of Biotech Decentralized Autonomous Organizations (BioDAOs). Each BioDAO focuses on a particular therapeutic area, like Long Covid, Rare Diseases or Aging. The protocol incubates and accelerates BioDAOs — from creation to funding, incentives, liquidity and beyond, taking a percentage stake in each incubated BioDAO.BIO token is your key to the DeSci economy, giving holders whitelisted access to initial BioDAO offerings and the ability to direct funding across the DeSci economy. BIO protocol is founded by key members of VitaDAO—the BioDAO backed by Pfizer Ventures and Balaji Srinivasan. BIO is backed by leading crypto and biotech investors like Binance Labs, Zee Prime Capital, Mechanism Capital & Northpond Ventures.
Bio Protocol Key features & Utility
Governance: BIO token stakers approve new bioDAOs and gain early access to their tokens.Funding: Supports bioDAOs in raising funds and managing liquidity.Incentives: Offers rewards for significant milestones, such as launching IP-tokens or conducting decentralized clinical trials.
BIO Protocol has a launchpad and liquidity protocol for DeSci DAOs, growing and funding the next generation of scientific research DAOs.
Here is the outlook of projects currently live on Bio Launchpad
(Quantum Biology DAO, $QBIO) was 13X oversubscribed ($6.8m raised)
BioDao Incubator
The BioDAO Incubator is a 16-week hybrid program designed to nurture promising biotech DAO projects. It provides financial backing, mentorship, and technical resources to overcome challenges in biotech DAO development.
Participants gain access to expert guidance, funding, and networks to successfully launch their DAOs.
Bio Protocol Funding Rounds and Success stories
From partnerships with preeminent universities to groundbreaking tokenized IP sales, BIO is catalyzing the next generation of permissionless, community-led science.
$7M+ in BioDAO-Funded Science: Funding allocated to cutting-edge R&D projects, accelerating translational steps toward clinical validation.$45M+ in BIO Assets Under Management (AUM): capital reserves in the BIO Protocol’s treasury, primarily used for providing liquidity to network BioDAOs.$40M+ in Tokenized IP Market Capitalization: aggregate value of IP brought on-chain by BioDAOs.60 BioDAO-Funded Projects
27,000+ Ecosystem Token Holders
Bio Protocol Ecosystem
BIO is a network of bioDAOs that each specialize in developing research and products in a specific scientific field, such as longevity science (VitaDAO), brain health (CerebrumDAO) and synthetic biology (ValleyDAO).
The bioDAOs listed in the table below were either incubated by or closely affiliated with the bio.xyz ecosystem, and as such are expected to play an active role in the future development and governance of the BIO protocol.
Tokenomics of Bio Protocol
Token details:
Ticker: BIOBlockchain: EthereumType: Utility, Governance (ERC-20)Total Supply: 3,320,000,000 BIOCirculating Supply: 1,296,529,168 BIO
Binance Launchpool Token Rewards: 99,600,000 BIO (3% of total genesis token supply)
Here is how the supply is distributed.
Bio Protocol investors (Selected)
Binance Labs
A statement from Binance labs Andy chang: BIO Protocol represents a significant step forward in DeSci by merging biotechnology and DeFi”
Mechanism Capital
A statement from Mechanism capital's Andrew Kang : “The DeSci space right now feels like the early 2019 DeFi days. There is massive potential and I’ve found BIO to be among the most interesting.”
Northpond VenturesZeePrime CapitalKosmos VenturesPanga CapitalPolymorphic CapitalBodhi VenturesBig Brain Holdings
Bio Protocol Roadmap (Short-Term)
As we can see in the image above BIO is currently in their BioDAOs launch phase. Looks like the project is in their "early" stages. I would say, something similar to an startup.
Binance launchpool
We all like to have free money and if you are a holder of BNB or FDUSD you can have it by staking your $BNB and FDUSD. Or you can buy BNB and FDUSD and stake it to get Bio tokens.
Here is the simple method simply go to the below links depending on what you have and stake it.
Get BIO Tokens by staking BNB. 👈
Get Bio tokens by staking FDUSD👈
BIO Price Prediction
When a new project comes we all get interested in what will be the price at the time of it's launch. So lets do some math and predict the price.
The average marketcap of newly listed project on binance is usually between $350M to $700M
if BIO launches at this average marketcap i think the price will be around $0.27 - $0.54 per token
The prediction is based on the previous history so i can be wrong.
BIO will be listed on 2025-01-03 10:00 (UTC).
"BIO Protocol represents a groundbreaking approach to biotechnology, combining cutting-edge technology with decentralized innovation."
I hope you liked the Article, I would like to hear your thoughts about it.