Latest News on BIO Protocol

Binance Labs announced its investment in the DeSci project BIO Protocol, with the investment amount undisclosed.

This investment marks Binance Labs' first investment in the DeSci field. BIO Protocol aims to leverage blockchain technology to transform the financing and commercialization of early scientific research. Its platform enables scientists, patients, and investors worldwide to fund, develop, and co-own new drugs through a biotechnology DAO, addressing the gaps in traditional scientific funding, particularly in areas such as rare diseases, longevity, and emerging health challenges.

What is BIO Protocol?

BIO Protocol serves as the financial layer of DeSci, aiming to accelerate the influx of capital and talent into on-chain science. bioDAO can raise funds using the auction contracts of the BIO Protocol and directly allocate funds to research programs, IP assets, and other biotechnology organizations.

Tags: DeFi DeSci

Established: 2022

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BIO Protocol Financing Status

The decentralized biotechnology protocol BIO Protocol announced on August 20 that it has completed $6.22 million in the first round of Genesis auction financing, exceeding the original target of about $5 million.

Currently, investors participating in the first round of financing can start claiming $BIO tokens, with 50% available immediately and the remaining 50% to be unlocked linearly over a year (referred to as vBIO).

Notably, this financing amount for BIO accounts for more than half of the total public sale amount in August this year ($11.81 million). BIO Protocol also stated plans to launch a new round of financing.

BIO Protocol Token Economic Model

The total supply of $BIO is 3.32 billion tokens (no maximum supply).

❄️This project allocates 6% for airdrops, of which 3% was airdropped through a snapshot plan in April this year.

❄️At the current auction price, the project's FDV is $100 million. If BIO becomes a leading project in this trend, it is quite attractive!


Project Summary

Binance Labs' investment in BIO marks its first entry into the decentralized science (DeSci) field! BIO uses blockchain to fund and develop early research, connecting scientists, patients, and investors. There is still room for buying coins to exchange for BIO, interested friends can look into it.