Data sources: Golden Finance, Binance, Bio Protocol official website, white paper, Twitter Compilation: Golden Finance

On December 23, 2024, Binance announced that Binance Launchpool launched the 63rd project - Bio Protocol (BIO), a decentralized science (DeSci) management and liquidity protocol.

Users can invest BNB and FDUSD into the BIO reward pool on the Launchpool website after 08:00 on December 24, 2024 (East Eighth District time) to obtain it. BIO, BIO activity duration is 10 days in total.

New currency listing

Binance will list Bio Protocol (BIO) at 18:00 on January 3, 2025 (Eastern Eighth District time), and open BIO/ For USDT, BIO/BNB, BIO/FDUSD and BIO/TRY trading markets, seed tag trading rules apply.

1. Launchpool details

Token name: Bio Protocol (BIO)

Genesis token Total supply: 3,320,000,000 BIO

Maximum supply of tokens: 3,320,000,000 BIO (supply can be increased through network governance)

The initial circulation of the spot when Binance listed the currency: 1,296,529,168 BIO (39.05% of the total creation token supply)

Total amount of Launchpool: 99,600,000 BIO (3% of total genesis token supply)

Token contract and network details: Ethereum, 0xcb1592591996765Ec0eFc1f92599A19767ee5ffA

Restrictions: KYC required

Personal hourly reward hard cap

BNB mining pool: 35,275 BIO

FDUSD mining pool: 6,225 BIO

Reward pool:

BNB pool: total reward 84,660,000 BIO (85%)

FDUSD pool: total reward 14,940,000 BIO (accounting for 15%)

Event time: 08:00 on December 24, 2024, East Eighth District time January 3, 2025 08:00

2. Introduction to Bio Protocol (BIO)

BIO is decentralized science (DeSci)'s governance and liquidity protocol. The mission is to accelerate the development of biotech by enabling a global community of patients, scientists and biotech professionals to jointly fund, build and own tokenized biotech projects and intellectual property (IP).

The team behind BIO helped create Molecule, a tokenization platform for early stage biomedicine, and VitaDAO, the largest decentralized community for longevity science ). Based on these successes, BIO Aims to catalyze the on-chain science economy through decentralized funding, incentives and liquidity

The protocol aims to catalyze the on-chain science community (bioDAO). economy, and create a deep, liquid, and efficient market for the scientific IP developed by bioDAO

Compared with traditional scientific models, BioDAO’s core advantages:

Capital efficiency: pool resources to reduce innovation costs

Flexible working model: allow part-time experts to contribute

< p style="text-align: left;">Shared intellectual property: Incentivizing contributions through intellectual property

Open access: Eliminating barriers to scientific funding and decision-making

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Diversified investment portfolio: bundle multiple biotechnology projects at the same time to reduce risks

3. Token Economics BIO Token

BIO is the native governance token of the BIO protocol. Holders can use BIO tokens:

•Support specific bioDAO (project screening and management);

•Vote on the future issuance or distribution of BIO tokens;

•Implement an accelerator program to promote the development of the network .

BIO tokens provide holders with the following benefits:

•On the bioDAO network enjoy governance rights;

•Participate in early stage bioDAO funding rounds;

•Earn financial rewards for contributing health data and participating in clinical trials;

">•Priority access to new health products funded by bioDAO.

BIO tokens are issued by the Bio.xyz Association, a non-profit organization responsible for BIO infrastructure and legal custody of the treasury.

•BIO token contract address: 0xcb1592591996765Ec0eFc1f92599A19767ee5ffA

•vBIO (locked BIO) token contract address: 0x0d2ADB4Af57cdac02d553e7601456739857D2eF4

Initial allocation

Total supply: 3,320,000,000

BIO token status: non-transferable

Maximum supply: Unlimited supply, determined by vote of the BIO governance body.

New BIOs can be minted for future protocol or network growth. This requires deploying a new token contract to replace the current BIO token.

Token distribution, community (56% in total):

< p style="text-align: left;">-Community airdrop (6%): 199,200,000 BIO

-Community auction (20%): 664,000,000 BIO

-Ecosystem Incentive (25%): 830,000,000 BIO

-Molecule Ecosystem Fund (5%): 166,000,000 BIO

Other allocations are as follows:

-Core Contributors (21.2%): 703,840,000 BIO

-Investors (13.6%): 451,520,000 BIO

-Molecule (5%): 166,000,000 BIO

-Consultant (4.2%): 139,440,000 BIO

$BIO token holders vote to fund specific scientific research IP assets, reward BioDAO for minting IP tokens, or fund DeSci DAO community and infrastructure plans. Earn revenue through IP (intellectual property) monetization, IP licensing, IP-NFTS, data contribution and other services. Reinvest the proceeds into BioDAO to fund more and better scientific research projects, and promote the value of $BIO tokens and gain value empowerment.