🧬 BIO Protocol: A step beyond DeSci to fund science faster with Web3
😵 Problem:
In the old world of science, research funding was slow, tedious, and time-consuming, often taking years, and was prone to failure (90%+ failure rate), and researchers were not being compensated as they should have been.
Therefore, we were born for the DeSci (Decentralized Science) era!
💡 Solution:
#BIO A protocol to create a decentralized financial infrastructure for science, designed to increase the flow of capital into science on the blockchain through #BioDAO a decentralized scientific community and create an efficient market for scientific intellectual property (IP). Key Operations and Goals
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🛃 Backer:
Backed by #Binancelab led by Andy Chang / Mechanism Capital led by Andrew Kang, including:
● Northpond Ventures
● ZeePrime Capital
● Kosmos Ventures
● Capital Share
● Polymorphic Capital
● Bodhi Ventures
● Big Brain Holdings
& Including the attention of CZ of Binance / Vitalik of Ethereum / Brian Armstrong of Coinbase.
There are a lot of partnerships (must be a lot) such as:
VitaDAO for Longevity
HairDAO for Hair Loss
ValleyDAO for Synthetic Biology
Cerebrum DAO for Brain Longevity
AthenaDAO for Women’s Health
CryoDAO for Cryopreservation
PsyDAO for Psychedelics
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🛠 Operation Concept:
The protocol aims to curate and fund bioDAOs, provide ongoing liquidity, and standardize a framework for the creation of scientific intellectual property (IP), through five main functions:
1️⃣ Curation: BIO token holders lock their tokens (become vBIO) to participate in the selection of a new bioDAO. Successful bioDAO backers gain access to funding rounds and special DAO services.
2️⃣ Funding: Accepted bioDAOs will be funded through a private auction, with vBIO holders receiving priority access to the pre-seed round.
3️⃣ Liquidity: The protocol manages secondary market liquidity for bioDAO through a liquidity pool, matching BIO tokens with bioDAO tokens and other assets.
4️⃣ Bio/acc Rewards: BIO tokens are issued as rewards to incentivize bioDAO to achieve key goals that increase the value of the network.
5️⃣ Meta-Governance: As holders of various bioDAO tokens, the protocol allows BIO holders to participate in the governance of multiple bioDAOs and their scientific intellectual assets.
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I want to get involved with the $BIO protocol, what should I do?!
We may have already sucked glue to this extent, but we still have to say that DeSci is still a new trend that we haven’t spent many years on. But if we suck glue or 💉 suck Web3 medicine in the Thai way 🇹🇭 then…
You must try it at#BINANCETHby Gulf Binance!!
The trading pair will be opened starting on 3 Jan 2025.
BIO/BNB
BIO/FDUSD
BIO/USDT
Deposit & Withdraw Coins: Time 6PM
Spot: 6PM
Easy Buy/Sell transaction: 7PM
See you after New Year. I'm going to take some Web3 drugs first!!
Thanks for the information bio protocol docs / BINANCE TH
“Cryptocurrencies and digital tokens are highly risky. You may lose all your investment. Please study and invest according to your acceptable risk level.”
#EarthDeFIRE Report 29/12/2024
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