Bio Protocol, a platform for funding and commercializing decentralized science (DeSci) was recently introduced as the 63rd project on the Binance Launchpool. Eligible users can stake the supported assets and earn or farm BIO, the protocol's governance token. Farming started on 24th December at 00:00 UTC and runs for 10 days. Binance will then list BIO for trading on the 3rd of January, 10:00 UTC with BIO/USDT, BIO/BNB, BIO/FDUSD, and BIO/TRY.
[Ref/Src: Binance]
BIO protocol is a new financial layer on DeSci, engineered to commercialize the best science, faster. It is designed to catalyze an onchain economy of scientific communities (bioDAOs) and create deep, liquid, efficient markets for scientific IP developed by bioDAOs.¹
The protocol aims to address the problems of scientific funding and accelerate biotechnology by giving global communities of patients, scientists and biotech professionals the ability to collectively fund, build and own tokenized biotech projects and intellectual property (IP).²
Accordingly, the team behind this project helped create Molecule, a tokenization platform for early-stage biomedicine, and VitaDAO, the largest decentralized community for longevity science.³
Community: 56%
Investors: 13.6%
Core Contributors: 21.2%
Advisors: 4.2%
Molecule: 5%
There is a 6-year vesting schedule for the core team and investors. Note that Bio has done multiple private (2 rounds, raised $0.9M and $1.4M) and public fundraises (3 rounds raising $6.2M; $18.2M and $3.5M respectively)
Governance Power: Holders can vote on IP tokenization, data-sharing policies, and IP licensing and acquisition proceeds. Meta-governance across BioDAOs in the network.
Allows holders whitelisted access to BioDAO funding rounds and tokenized IP on the network.
Curation: BIO holders curate which projects (BioDAOS) join the network (launch via the BIO Launchpad and receive support from the network in terms of funding and liquidity).
Provide liquidity with BioDAO tokens and IP-Tokens to earn trading fees from its protocol-owned liquidity (POL).
The project plans to launch the following:
In January:
In Feb 2025
Bio Protocol has already completed various milestones on its roadmap. The project aims to enable faster commercialization of science projects through its launchpad which launched and funded 8 BioDAOs and raised $30.3M for research.
The project's governance token, BIO is up for farming on Binance Launchpool (ends in 4 days). The amount of BNB and FDUSD staked and the number of users is quite significant. That shows many are taking advantage of the airdrop.
DISCLAIMER: This is not an endorsement of the project. For infotainment only. DYOR.
For more details, check the following references: Binance Research / Introduction / Whitepaper / Website / Bio Launchpad
Lead image created on Canva. Logo/s from Binance and Bio. No copyright infringement intended. 30122024/07:00ph
