Written by: KarenZ, Foresight News
When anything is intertwined with quantum, it seems to be instantly endowed with a strong sense of futurism and mystery. Quantum biology is no exception.
Earlier this month, the quantum biology DAO 'Quantum Biology DAO' raised 1724.02 WETH in a token auction on BIO Protocol, which was valued at approximately 6.886 million USD at the time, significantly exceeding the original target, achieving 1344.74% of the target fundraising amount.
This auction attracted a total of 1032 bids, with 635 bids successfully completed. If we consider these successful bidding addresses as independent investors, each investor invested an average of over 2.7 ETH (approximately 10,840 USD at that time). Notably, there was an address that successfully invested as much as 71.6 ETH in a single transaction. Additionally, another investor expressed an investment intention of up to 88 ETH in a transaction, but unfortunately, due to their bid not reaching the final transaction price, they were unable to acquire the tokens as desired.
So, what exactly is the 'Quantum Biology DAO,' which has an average investment of over 10,000 USD per person? What mysteries and prospects does the field of quantum biology, which it is committed to promoting, hold?
What is Quantum Biology DAO?
According to an article published in the Journal of the Royal Society Interface titled 'The Future of Quantum Biology', quantum biology primarily explores processes in living organisms that cannot be accurately described by classical physics laws. Typical instances of biological processes are manifested. Additionally, it includes examples like the transfer of electrons and/or vibrational energy, as well as magnetic field effects in electron transfer and bird migration. Quantum effects manifest as long-distance effects (such as electron and proton tunneling effects) with characteristic temperature dependence, magnetic field effects, participation of superposition (or delocalized) states, resonance effects, etc. Quantum biology may also have a significant impact on many technologies, including sensing, health, environment, and information technology.
Quantum Biology DAO (referred to as QuantumBioDAO) also believes that quantum biology has enormous potential impacts on health and longevity, biomanufacturing, and the pharmaceutical industry. QuantumBioDAO has discovered that weak magnetic field effects in biology can be measured, and these weak magnetic fields can affect DNA repair, cellular oxidation (a key mechanism for maintaining health), and cell division rates (the core mechanism of biomanufacturing).
In the view of QuantumBioDAO, the impact of quantum biology will further expand to other fields and industries in the future. By appropriately configuring magnetic fields, we can make space travel safer and even cultivate life on other planets while ensuring food supply. At the same time, the long-lived quantum states that exist stably at room temperature in biology will also inspire us to build more advanced quantum computers.
What QuantumBioDAO is doing is bridging the gap between fundamental science and traditional venture capital, and building a bridge between experts and the public in this field. It will also actively carry out related educational work to show the close connections and importance of quantum biology to the public, thereby attracting more attention and investment in this field.
According to the vision of QuantumBioDAO, it also plans to support the research and development of new quantum instruments. In particular, an optical microscope with nanosecond time resolution and optical detection magnetic resonance capabilities can directly detect the electronic spin superposition state inside cells without damaging them. In addition, QuantumBioDAO aims to create and capture valuable IP and accelerate the development of quantum biology, facilitating the launch of a range of quantum biology startups.
Quantum Biology DAO Ecosystem
The Quantum Biology ecosystem consists of three autonomous entities: the Quantum Biology Institute (Research Institute), Quantum Biology DAO, and Quantum Biology Incubator (Incubator).
Among them, the Quantum Biology Institute, located in California, is a non-profit organization aiming to confirm that biology operates at the quantum level and to lay the knowledge foundation for future research and commercialization.
Quantum Biology DAO is legally a non-profit association (Verein) based in Switzerland, dedicated to promoting fundamental scientific research in quantum biology, building bridges between research institutes and incubators, and enhancing communication and connection between technical experts in the field and the public. Quantum Biology DAO may retain relevant intellectual property rights or fund the research and development of instruments and equipment, granting usage licenses to multiple parties.
Quantum Biology Incubator focuses on incubating startups aimed at commercializing quantum biology research outcomes, with the goal of becoming the preferred provider of instruments and laboratory space for startups in the quantum biology field. Although Quantum Biology Incubator has not yet been established, to coordinate incentives more effectively, the institute and DAO plan to hold a share when it is established. Thus, any successful graduations from the incubator will bring financial returns to the institute and DAO, ultimately driving towards complete self-sufficiency.
QuantumBioDAO Token Design
In terms of token economics design, the total supply of QBIO tokens is set at 1 billion. Among them, 20% of the tokens are allocated to the core team, which will be fully locked for one year and gradually released over eight years; 7% of the tokens are allocated to service providers, with no release period. In addition, 55% of the tokens are allocated to the treasury; 15% of the tokens are used for community auctions, also with no release period; the remaining 3% are set aside as community incentives.
As mentioned earlier, QuantumBioDAO has successfully held a community auction on BIO Protocol, raising a total of 1724.02 WETH, attracting 635 addresses to successfully participate. This means that 150 million tokens will be distributed to these 635 addresses that successfully participated in the auction. The closing price of the auction was 0.00001149 WETH per QBIO, and based on the current WETH price of 3300 USD, the unit price for each QBIO is 0.03447 USD.
As for the 3% community incentive portion, QuantumBioDAO stated that it will formulate a specific incentive plan after the token auction ends, taking into account the actual situation and needs of the community.
Where does QuantumBioDAO's revenue come from?
Currently, QuantumBioDAO's main revenue comes from the community auction activities mentioned above. If, afterward, more funds can be raised by directly selling additional tokens through the DAO governance mechanism.
Of course, token sales are just the tip of the iceberg for QuantumBioDAO's revenue diversification. QuantumBioDAO will also explore various other profit models, such as IP licensing, covering a wide range of fields, including but not limited to IP related to magnetic field configuration, quantum biology instruments, authorized or anonymized patient data, or medical interventions processed and compiled by the DAO.
In addition, QuantumBioDAO plans to support the construction of specific instruments such as quantum microscopes and plug-and-play low-field rooms (facilitating the study of weak magnetic field effects), with hopes of achieving profits through the sale or licensing of these instruments.
It is worth mentioning that the commercial deployment of the incubator under QuantumBioDAO will also inject new vitality into the DAO's treasury. Through the successful operation of the incubator and the deployment of commercial projects, QuantumBioDAO is expected to achieve sustained growth and diversification of revenue.
QuantumBioDAO Roadmap
Summary
Longevity and decentralized science (DeSci) are by no means exclusive to the wealthy; they are becoming increasingly common public topics, paving the way for more people to participate in the democratization of science. However, we must recognize that the research complexity in these fields is high, experimental techniques face numerous challenges, and scientific discoveries often follow incremental paths. Therefore, their in-depth development undoubtedly requires more ample time.
