Original | Odaily Planet Daily (@OdailyChina)
Author | Wenser (@wenser 2010)
The long-awaited Binance Launchpool project is back, and this time the project is the highly anticipated Desci 'leader' — BIO.
Tonight at 6 PM, Binance officially announced the latest Launchpool project as BIO Protocol. Following the news, market attention has shifted back to the Desci sector.
As a management and liquidity protocol created by the original team of pump.science Molecule Dao, BIO Protocol is considered the 'true leader' of Desci. Odaily Planet Daily will provide a brief introduction to the project situation for readers' reference.
BIO Protocol: The 'protocol-level weapon' that ignites the Desci craze
Notably, Binance's announcement time for this Launchpool project spans 2024 and 2025, officially launching BIO Protocol (BIO) on January 3, 2025, ten days later.
BIO Project Introduction
BIO is a management and liquidity protocol for decentralized science (DeSci), aiming to enable global patients, scientists, and biotechnology professionals to co-fund, build, and own tokenized biotechnology projects and intellectual property (IP), thus accelerating the development of biotechnology. The team behind BIO helped create Molecule (a tokenized platform for early biomedical) and VitaDAO (the largest decentralized longevity science community). Building on these successes, BIO aims to catalyze the on-chain scientific economy through decentralized funding, incentives, and liquidity. The BIO token allows holders to access BIO's scientific community and IP network, thereby broadly engaging with the DeSci economy.
Launchpool Project Announcement Details
According to an official announcement, Binance will launch BioProtocol (BIO) at 18:00 (Beijing time) on January 3, 2025, and will simultaneously open trading pairs BIO/USDT, BIO/BNB, BIO/FDUSD, and BIO/TRY.
Binance users can participate in the Launchpool by staking BNB and FDUSD starting at 08:00 (Beijing time) on December 24, 2024 (i.e., tomorrow at 8 AM) to receive BIO airdrops, lasting for 10 days.
Token Details
Token Name: BIO Protocol (BIO)
Maximum Token Supply: 3,320,000,000 BIO (dynamically adjusted, possibly increased through network governance)
Total Supply of Genesis Tokens: 3,320,000,000 BIO
Launchpool Token Rewards: 99,600,000 BIO (3% of total Genesis token supply)
Initial circulating supply at Binance's spot listing: 1,296,529,168 BIO (39.05% of total Genesis token supply)
Research Report: BIO Protocol (BIO) (to be released before December 24 at 6 AM)
Token Contract: 0xcb1592591996765Ec0eFc1f92599A19767ee5ffA
Contract Address: Ethereum Chain Information
Per user hourly hard cap:
BNB Pool: 35,275 BIO
FDUSD Pool: 6,225 BIO
Supported Liquidity Pools
Locking BNB (the webpage will be live in about 12 hours): Reward 84,660,000 BIO (85%)
Locking FDUSD (the webpage will be live in about 12 hours): Reward 14,940,000 BIO (15%)
Participation Time: December 24, 2024, 00:00 (UTC) to January 2, 2025, 23:59 (UTC).
BIO Token Economics
Token Basic Information
Total Supply: 3,320,000,000
BIO Token Status: Non-transferable (Odaily Planet Daily Note: The community has initiated a proposal vote to open the token transfer function)
Maximum Supply: Unlimited supply, decided by vote of BIO governance; new BIO can be minted for future protocol or network growth; this requires deploying a new token contract to replace the current BIO token.
BIO Distribution
According to previous information from the project white paper, the total supply of BIO Genesis allocation is divided into the following parts:
Community: 56%
Community Auction: 20%
Community Airdrop: 6%
Ecosystem Incentives: 25%
Molecule Eco Fund: 5%
Investors: 13.6%
Core Contributors: 21.2%
Advisors: 4.2%
Molecule: 5%
Token Economics Information
Actual Use Cases for BIO Tokens
BIO is the governance utility token used for governance of the BIO protocol. Governance of the BIO protocol may include the following decisions:
Planning for BioDAO joining the BIO network;
Terms for participating in BioDAO and its IP token sale;
Support and discounts for BioDAO health products/services;
Members participate in governance within BioDAO;
BIO Issuance, Fund Allocation, and BIO Protocol Upgrades.
BIO Treasury
Token Distribution: BIO Network provides $100,000 in funding for the incubated BioDAO in exchange for 6.9% of the BioDAO token supply. These token distributions accumulate in the BIO treasury, and as the value of the underlying DAO network rises, the protocol AUM will also grow. The BIO treasury can also receive allocations from bioDAO scientific IP assets.
Protocol Owned Liquidity (POL): The BIO treasury accumulates fees and revenues through on-chain liquidity of BIO tokens, BioDAO tokens, IP tokens, ETH, and other assets to build POL.
Overview of the Latest Project Updates
Latest community voting proposal: Over 99% in favor, with less than 2 hours remaining for voting
According to the proposal voting page initiated by the BIO Protocol community regarding 'enabling the transferability of BIO tokens,' the current number of votes in favor has reached 246 million token votes, accounting for 99.96%; the number of votes against is only 71,000 token votes, accounting for 0.03%; abstentions are 32,500 token votes, accounting for 0.01%.
Financing Information: Funded by Binance Labs, the community raised nearly $3 million.
At the beginning of November, Binance Labs announced its investment in the DeSci project BIO Protocol, with specific investment amounts undisclosed. This investment marks Binance Labs' first foray into the DeSci field, aiming to use blockchain technology to transform the financing and commercialization of early scientific research.
On November 13, according to official news, the DeSci project BIO Protocol announced the completion of a $2.9 million community token financing Genesis Round 2.5, with the total asset value contributed by users for exchanging BIO reaching $2.93 million.
On November 18, according to the DeSci project BIO Protocol roadmap shared by community user @zacxbt, its subsequent goals include:
Q4 2024: Launchpad Testnet, vBIO expansion to Solana;
Q1 2025: Cohort 2 BioDAO incubation, BIO Protocol Launchpad, BIO token transferability, BIO liquidity pairings;
Q2 2025: Cohort 2 Community Auction, BIO Research Agents;
Q3 2025: Launch of new BioDAO.
Official Project Fund Allocation
On December 21, BIO Protocol officially announced that project funds will mainly be used to support marginal science, including the previously launched BioDAO on BIO:
$6.8 million for Quantum Biology (@QuantumBioDAO)
$3 million for Cryopreservation (@cryodao)
$5.1 million for Longevity Science (@vita_dao)
Including DAO organizations focused on various research topics such as @longcovidlabs, @endrarediseases, and more.
Each BioDAO transforms patient and researcher communities into on-chain R&D networks, accelerating research through globally sourced liquidity and talent.
Affected Related Tokens: URO, RIF, DRUGS
Affected by the news that Binance Launchpool will launch Bio Protocol (BIO), RIF briefly rose over 40%, currently reported at 0.05718 USDT; URO briefly rose over 30%, currently reported at 0.04948 USDT.
Additionally, DRUGS, which combines AI with the concept of the Desci track, was also affected by this news, with prices once exceeding $0.04, briefly rising over 200%, and currently temporarily retreating to around $0.028, with a market cap of approximately $32 million.
