Binance#Binance Launchpool 63rd Project bioprotocol (BIO) A curation and liquidity protocol in the field of decentralized science (DeSci)
Bio Protocol Project Introduction:
BIO Protocol is a curation and liquidity protocol in the field of decentralized science (DeSci). It is the first investment of Binance Labs and aims to provide support and resources for scientific research projects and promote scientific research innovation.
Decentralized science (DeSci) refers to the use of blockchain and Web3 technology to make the scientific research process (including research, peer review, publication and funding, etc.) no longer rely on traditional centralized institutions (such as large publishing houses and foundations), but to achieve a more open and transparent scientific research ecosystem through distributed networks.
BIO advantages and core operations
1. Curation (BIO Staking)
BIO token holders participate in curating which new BioDAOs join the ecosystem, enabling a bottom-up approach to science funding. Community-selected BioDAOs are then funded, added to the treasury, and ultimately supported by the BIO Protocol. Because the BIO Protocol relies on high-quality BioDAOs, curation requires locking BIO in order to participate, ensuring participants are aligned with the network over the long term.
Using vBIO (locked BIO), BIO holders will be able to pledge confidence in new DAO applicants submitted to the BIO Protocol by “Operators” (network stakeholders who support the BioDAO incubation phase).
BIO holders use vBIO tokens to pledge to the BioDAO they wish to accept, and if the DAO they pledge to is voted in, then the stakers gain access to whitelisted funding rounds and have access to the DAO’s products, data, or services.
2. Funding
If a BioDAO applicant is accepted into the BIO Network, all vBIO stakers who have pledged to that BioDAO will have the ability to participate in the initial private auction - the whitelist pre-seed round.
Through BIO, users are able to support groundbreaking science from day one on terms equal to or better than venture capital firms or other institutions. For BioDAO, this creates an opportunity to integrate pre-established high-value scientific communities to become network participants in this specific field of research.
3. Liquidity
BioDAO should focus on science, not managing liquidity. BIO mitigates this by managing bioDAO secondary market liquidity positions.
The BIO Protocol can use BIO Tokens and other token holdings in the BIO Treasury to provide on-chain liquidity to the BIO Network.
BIO tokens can be paired with BioDAO tokens (e.g. VITA/BIO, HAIR/BIO) and other assets (e.g. BIO/ETH) in liquidity pools to facilitate low-cost conversions within the network, accumulate fees, and build protocol-owned liquidity (POL).
4. Bio/acc rewards
The BIO Protocol may issue rewards in the form of BIO tokens (“bio/acc rewards”) to incentivize the bioDAO to reach key milestones designed to increase the value of the network (AUM).
BIO holders may choose to use bio/acc rewards to incentivize bioDAO milestones, such as funding a certain value of on-chain science, maintaining a certain level of token liquidity, developing IP that reaches clinical trials, or generating sales from consumer products/services.
5. Meta-governance
The BIO Protocol will hold the various BioDAO tokens in its treasury and thus serve as a meta-governance layer, enabling BIO holders to manage the various BioDAO and scientific IP assets.
Token Economics
Binance Launchpool: 3.00% of total supply
Team: 21.20% of total supply
Advisors: 4.70% of total supply
Private equity investors: 13.60% of total supply
Molecule AG: 5.00% of total supply
Community Auction / Public Investors: 20.00% of total supply
Community airdrop: 6.00% of total supply
Molecule Community Fund: 5.00% of total supply
Ecosystem Incentives (bio/acc rewards): 4.00% of total supply
Ecosystem Incentives (Treasury): 15.00% of total supply
Liquidity and Marketing: 2.50% of total supply
BIO Network is providing a $100,000 grant to the incubated BioDAO in exchange for 6.9% of the BioDAO token supply.
These token allocations accumulate in the BIO Treasury, and as the value of the DAO's underlying network rises, the protocol AUM will also grow.
The BIO Treasury also receives an allocation of bioDAO’s scientific IP assets.
The BIO Treasury builds POL by accumulating fees and earnings through on-chain liquidity of BIO tokens, BioDAO tokens, IP tokens, ETH, and other assets.
BIO tokens can be used for the following purposes
Invite BioDAO to join the BIO Protocol Program
Priority access to BioDAO token sale and IP token sale
BioDAO Health Products/Services Discounts
Meta-Governance in BioDAO
Vote on BIO issuance, funding allocation, and protocol updates
Project financing
BIO Protocol has completed multiple rounds of private and public financing:
Private Fundraising
Before the seed round, the project had raised $900,000, with a valuation of about $35 million
In its seed round, the project has raised $1.4 million at a valuation of about $69 million
Public Fundraising: The public fundraising process is a public BIO Genesis auction. It consists of 3 rounds:
In Genesis Round 1, the project raised $6.2 million at a valuation of approximately $85 million
In Genesis Round 2, the project raised $18.2 million at a valuation of approximately $142 million
In the Genesis Round 2.5, the project raised $3.5 million at a valuation of approximately $219 million
Launchpool mining time
Mining time: 08:00, December 24, 2024 (East 8 District)
Activity duration: 10 days
Spot trading opens: January 3, 2025, 18:00
It is worth noting that BIO is the only DeSci project currently invested by Binance, and its value is self-evident!!!
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Project Summary
@bioprotocol (BIO) is a curation and liquidity protocol for the decentralized science (DeSci) space
BIO Protocol includes core components such as BioDAO, curation system, IPization and liquidity, and incentive mechanism. Through multiple rounds of auctions and airdrop programs, it has built a diverse and highly engaged community, laying the foundation for a decentralized biomedical research network.
The most important of these is BioDAO, which raises funds through token sales and uses its funds to support and develop biotech projects related to its mission, creating shared intellectual property ownership among its members.
According to the official website, 7 sub-DAOs have been successfully launched, 3 sub-DAOs are still in progress, with a total financing of US$23.5 million and US$7.2 million deployed in research funds.
#Binance #BIO
