Binance and Ethereum executives, CZ and Vitalik Buterin have their eyes on Project Decentralized Science (DeSci). An innovative project that pioneers a new approach to science and technology. This time we will discuss Crypto that combines science and blockchain technology, namely $BIO
What is BIO Protocol?
BIO Protocol is a blockchain-based platform that is revolutionizing early-stage scientific research. BIO Protocol is a blockchain-based platform that allows anyone to participate in funding medical research. Think of it like the Kickstarter of healthcare, but with more advanced technology and a broader community. The platform empowers a global community, scientists, patients, and investors to collaboratively fund, develop, and manufacture new drugs and therapies through a network of decentralized autonomous organizations (BioDAOs)
Reasons for the Creation of Crypto BIO
The BIO Protocol was created due to deficiencies in the Biopharma and R&D world, such as Pharmacy not providing drugs quickly or cheaply enough. More details are in this list:
Rising costs ($2.6 billion+ per new drug) and long time to market (10+ years)
High failure rate (90%+)
Concentration of funding in a few geographic centers
Limited access to early-stage biotech investments for most people
Misaligned incentives between scientists, patients and the pharmaceutical industry
From these problems, BIO Protocol emerged as a solution. BIO Protocol changes the way early-stage scientific research is funded and commercialized with the use of blockchain technology.
Why BIO Protocol?
Transparency: All transactions and research data are recorded on the blockchain, so you can track project progress transparently.
Democratization of Research: Anyone can participate, without having to be a medical expert.
Massive Social Impact: By investing in BIO Protocol, you contribute to the development of new medicines and better medical technologies.
Potential Financial Gains: If the project you fund is successful, you can earn significant financial gains.
We can see the Track Record of BIO Protocol which I personally think deserves appreciation:
VitaDAO: Funding over $5 Million in longevity research, backed by Pfizer Ventures with partner Newcastle University.
HairDAO: Development of Follicool, a hair loss treatment product.
CerebrumDAO: raised over $1.5 million in brain health research and its collaboration with Fission Pharma in addressing mitochondrial dysfunction, a neurodegenerative disease.
CryoDAO: raised over $3 million for advanced cryogenic research and founded projects with Oxford University Cryotechnology and Advanced Neural Biosciences
etc.
Tokenomics BIO Protocol
Total Supply: 3,320,000,000
Distribution Breakdown
Community: 56%
Community Auction: 20%
Community Airdrop: 6%
Ecosystem Incentives: 25%
Molecule Ecosystem Fund: 5%
Investors: 13.6%
Core Contributors: 21.2%
Advisors: 4.2%
Molecule: 5%
Roadmap BIO Protocol
BioDao's roadmap from December 2024 to February 2025:
BIO TGE on Ethereum network on January 3, 2025
BIO on Solana and Base networks
BioDAO Liquidity Launch
Launch of Long Covid labs
Latest BioDao launch
Curetopia Launch
BIO Launchpad Launch
BIO Protocol Utilities
BIO Token has several mechanisms, such as DAO Curation, protocol governance, and network acceleration. which provides benefits for BIO token holders such as:
Product Access, holders can benefit from new health products that have been developed by BioDAO.
Token Usage in Ecosystem, Holders can use BIO crypto in the ecosystem of the Bio Protocol project. one of which is with BIO Launchpad.
Governance: BIO token holders can participate in decision making within the BioDAO community.
Payment: BIO Token can be used as a means of payment for various transactions within the platform.
Staking: BIO token holders can stake to earn additional rewards and support network security.
How to Get $BIO Crypto?
We can get BIO crypto by joining Binance Launchpool. We can use BNB or FDUSD to farm BIO crypto, by:
Buka Binance Launchpool
Enter BNB Pool or FDUSD Pool
Wait until the farming duration is over (you can unstake your tokens at any time)
$BIO Price Prediction
Let's look at it from a tokenomics and FDV perspective. The total supply of BIO is 3,320,000,000, and the total circulating supply during TGE is 1,000,000,000 or around 30% of the total supply.
If we look at some projects that have launched on Binance recently. They have an Mcap of around $200 million, then with that Mcap the price of BIO is likely to be $0.2, but if BIO can reach $500 million Mcap, the price is likely to reach $0.45 - $0.6
So…
BIO Protocol is a unique opportunity to be part of the global healthcare revolution. By investing in BIO Protocol, you are not only supporting groundbreaking medical research, but you also have the potential to gain significant financial returns. (DYOR)
