Original author: KarenZ, Foresight News
Reprinted: Luke, Mars Finance
When anything intertwines with quantum, it seems to be instantly imbued with a strong sense of futurism and mystery. Quantum biology is no exception.
Just this month, the quantum biology DAO 'Quantum Biology DAO' raised 1724.02 WETH in the token auction on BIO Protocol, valued at approximately $6.886 million at that time, far exceeding the original target and reaching 1344.74% of the target fundraising amount.
This auction attracted a total of 1,032 bidding enthusiasm, with 635 successful bids resulting in transactions. If we consider these successful bidding addresses as independent investors, then each investor invested an average of over 2.7 ETH (approximately $10,840 at the time). Notably, one address 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 one transaction. Unfortunately, their bid did not reach the final transaction price, so they could not successfully acquire the tokens.
So, what exactly is the 'Quantum Biology DAO' with an average investment of over $10,000 per person? What mysteries and prospects does the field of quantum biology, which it is dedicated to promoting, hold?
What is Quantum Biology DAO?
According to an article published in the (Royal Society Interface) titled (The Future of Quantum Biology), quantum biology mainly explores processes in organisms that cannot be accurately described by classical physics laws. Typical biological processes are exemplified, including the transfer of electrons and/or vibrational energy, as well as examples like the magnetic field effects in electron transfer and bird migration. Quantum effects manifest as long-distance effects (such as electron and proton tunneling effects), characterized by temperature dependence, magnetic field effects, participation of superposition (or delocalized) states, and resonance effects. Quantum biology may also have a huge impact on many technologies, including sensing, health, environment, and information technology.
Quantum Biology DAO (abbreviated as QuantumBioDAO) also believes that quantum biology has enormous potential impacts on health and longevity, biomanufacturing, and the pharmaceutical industry. QuantumBioDAO has discovered that the weak magnetic field effects in biology are measurable, and these weak magnetic fields can influence DNA repair, cellular oxidation (a key mechanism for maintaining health), and the rate of cell division (a core mechanism of biomanufacturing).
In the view of QuantumBioDAO, the impact of quantum biology will further extend to other fields and industries in the future. By properly configuring magnetic fields, we can make space travel safer and even foster life on other planets while ensuring food supply. At the same time, 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, while actively conducting educational work to show the public the close connection and importance of quantum biology, thereby attracting more attention and funding into 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-level time resolution and optical detection magnetic resonance functionality, which can directly detect the electronic spin superposition states inside cells without damaging them. In addition, QuantumBioDAO aims to create and capture valuable IP, as well as accelerate the development of quantum biology, helping to launch a series 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 the Quantum Biology Incubator.
Among them, the Quantum Biology Institute, a nonprofit organization based in California, aims 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 nonprofit association (Verein) based in Switzerland, dedicated to promoting fundamental scientific research in quantum biology, building bridges between the institute and incubator, and strengthening 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 construction of instruments and equipment and grant licenses for use to multiple parties.
The Quantum Biology Incubator focuses on incubating startups aimed at commercializing quantum biology research results, with the goal of becoming the preferred provider of instruments and laboratory space for startups in the quantum biology field. Although the Quantum Biology Incubator has not yet been established, to coordinate various incentives more effectively, the institute and DAO plan to hold a portion of the shares upon its establishment. Thus, any successful graduates from the incubator will bring financial returns to the institute and DAO, ultimately promoting 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; and the remaining 3% are for community incentives.
As previously mentioned, QuantumBioDAO successfully held a community auction on BIO Protocol, raising a total of 1724.02 WETH and attracting 635 addresses to participate. This means that 150 million tokens will be distributed to these 635 successful auction participants. The closing price of the auction was 0.00001149 WETH per QBIO, which, based on the current WETH price of $3,300, means a unit price of $0.03447 per QBIO.
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 income come from?
Currently, the main income of QuantumBioDAO comes from the aforementioned community auction activities. If necessary, additional tokens can also be directly sold through the DAO governance mechanism to raise more funds.
Of course, token sales are just the tip of the iceberg in diversifying QuantumBioDAO's income. QuantumBioDAO will also explore various other profit models, such as IP licensing, covering a wide range of fields including but not limited 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 quantum microscopes, plug-and-play low magnetic field rooms (to facilitate the study of weak magnetic field effects), among other specific instruments, with the hope of achieving profitability 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 continuous growth and diversification of income.
QuantumBioDAO Roadmap
Summary
Longevity and decentralized science (DeSci) are by no means exclusive to the wealthy; they are gradually becoming more 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 areas is high, experimental techniques face numerous challenges, and scientific discoveries often follow an incremental path. Therefore, their in-depth development undoubtedly requires more ample time.