Introduction to BIO Protocol
Binance Labs announces its investment in BIO Protocol (BIO), marking its first entry into the decentralized science (DeSci) field. BIO Protocol is an innovative protocol aimed at providing funding and commercialization support for early-stage scientific research through blockchain technology.
BIO Protocol, as the financial layer of DeSci, is committed to accelerating the on-chain flow of capital and talent. Its non-profit organization nature provides decentralized funding support for the BioDAO community and combines DeFi mechanisms with real-world intellectual property (IP) to inject momentum into biomedical research and drive innovation and implementation in biotechnology.
Financing Progress
BIO Protocol was established in 2022 and completed its first round of Genesis auctions on August 20, raising $6.22 million, exceeding the $5 million target. First-round investors can receive 50% of the BIO tokens released immediately, with the remaining 50% unlocking linearly over the course of a year (vBIO). The funding amount accounted for more than half of the total public sale in August, and BIO plans to further conduct a new round of financing.
Project Promotion and Binance Support
Investment from Binance Labs will help BIO Protocol accelerate the construction of its BioDAO ecosystem, support the launch of new projects, and expand its support network. BIO Protocol addresses the inefficiencies of traditional research funding channels through blockchain technology, focusing especially on areas such as rare diseases and mental health.
BIO tokens will serve as important tools within the ecosystem, supporting BioDAO governance, participation in token sales, product discounts, and aiding project meta-governance.
Summary
Binance's investment in BIO Protocol is an important step in its exploration of the DeSci field. BIO connects scientists, patients, and investors through on-chain technology, providing a new impetus for scientific innovation. If you are interested in BIO tokens, feel free to learn more and follow its development dynamics.#比特币市场波动观察
