The bull market brings various opportunities, and a new coin will soon be listed on Binance. The 63rd project on Binance Launchpool is BIO Protocol (#BIO ). You can farm tokens by locking BNB and FDUSD. Let's explore what this project is all about.
What is Bio Protocol?
BIO Protocol is a new financial layer for decentralized science, aiming to accelerate the flow of capital and talent into onchain science. It catalyzes an onchain economy of scientific communities (bioDAOs) and creates efficient markets for scientific IP developed by bioDAOs. The goal is to create a platform where biotech data, research, and resources can be securely shared, accessed, and monetized.
Bio Protocol Goals & Operations
Curation: BIO holders use locked BIO (vBIO) to vote on new BioDAOs joining the ecosystem.
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.
Rewards: Incentives in BIO tokens are awarded to BioDAOs reaching specific milestones.
Meta-Governance: BIO holders participate in the governance of BioDAOs by holding their tokens and making decisions on scientific IP assets.
Why Bio Protocol?
BIO Protocol addresses the broken biopharma R&D system, which faces high costs, long time-to-market, high failure rates, and limited access to early-stage biotech investments. BIO transforms early-stage scientific research financing and commercialization using blockchain technology, enabling global communities to collectively fund, develop, and co-own new drugs and therapeutics through BioDAOs.
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.
BioDAO Incubator
The BioDAO Incubator is a 16-week program designed to nurture promising biotech DAO projects, providing financial backing, mentorship, and technical resources.
Funding Rounds and Success Stories
BIO has allocated over $7M in funding to cutting-edge R&D projects, with $45M+ in assets under management and $40M+ in tokenized IP market capitalization. The ecosystem includes 60 BioDAO-funded projects and over 27,000 token holders.
Tokenomics
Ticker: BIO
Blockchain: Ethereum
Type: Utility, Governance (ERC-20)
Total Supply: 3,320,000,000 BIO
Circulating Supply: 1,296,529,168 BIO
Binance Launchpool Token Rewards: 99,600,000 BIO (3% of total genesis token supply)
Binance Launchpool
Stake your BNB or FDUSD to earn BIO tokens. You can stake BNB here and FDUSD here.
BIO Price Prediction
The average market cap of newly listed projects on Binance is usually between $350M to $700M. If BIO launches at this average market cap, the price could be around $0.27 - $0.54 per token. BIO will be listed on 2025-01-03 at 10:00 (UTC).
"BIO Protocol represents a groundbreaking approach to biotechnology, combining cutting-edge technology with decentralized innovation."
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