Here are the latest updates on the Bio token:
Bio Token Overview
The Bio token is part of the Bio Protocol, which aims to drive biotech innovation through decentralized funding and coordination. The protocol allows anyone to fund, develop, and govern tokenized scientific IP from universities, companies, and researchers worldwide ¹.
Tokenomics
For those interested in the token's economic aspects, the Bio token has a maximum supply and is designed to incentivize network activities. You can explore more details on the token's emission, inflation, and deflation rates, as well as its unlock schedule ².
Bio Protocol Updates
The Bio Protocol has been making significant progress, with several notable developments:
- *BIO Launchpad*: The launchpad allows users to vote on the best biotech DAOs to join the ecosystem and participate in bioDAO token auctions ³.
- *BIO Genesis*: This event enabled the exchange of eligible DeSci DAO tokens or ETH (WETH) for BIO, creating incentive alignment between BIO holders and DeSci DAOs ⁴.
- *Market Capitalization*: The market capitalization of Bio Protocol (BIO) is currently BTC12,228.2238, ranking #115 on CoinGecko ⁵.
BioDAOs
The Bio Protocol has a growing network of biotech DAOs (bioDAOs), focused on specific scientific areas, including:
- *COVID*: Accelerating a cure for 100M Long COVID patients
- *Rare Diseases*: Curing the 10,000 rare genetic diseases
- *Spine Health*: Revolutionizing spine care for millions worldwide
- *Longevity*: Tackling aging with the power of a global community
- *Quantum Biology*: Accelerating the quantum biology field through community building
These bioDAOs are driving innovation and progress in their respective fields, and the Bio Protocol is providing the necessary infrastructure and incentives to support their growth ¹.$BIO