A quick look at Binance Launchpool 63 project Bio Protocol (BIO)

Source: Golden Finance, Binance, Bio Protocol official website, white paper, Twitter Compiled by: 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 (Eastern Time Zone 8) to obtain BIO. The BIO activity will last for a total of 10 days.

New Coin Listing

Binance will list Bio Protocol (BIO) at 2025-01-03 18:00 (ET8), and open BIO/USDT, BIO/BNB, BIO/FDUSD and BIO/TRY trading markets, and the seed tag trading rules will apply.  

1.LaunchpoolDetails

• Token Name: Bio Protocol (BIO)

• Total Genesis Token Supply: 3,320,000,000 BIO 

• Maximum Token Supply: 3,320,000,000 BIO (supply can be increased through network governance)

• Launchpool supply: 99,600,000 BIO (3% of total Genesis supply)

• Token contract and network details: Ethereum, 0xcb1592591996765Ec0eFc1f92599A19767ee5ffA

• Restrictions: KYC required

• Hard cap for individual hourly rewards

• BNB mining pool: 35,275 BIO

• Token contract and network details: Ethereum, 0xcb1592591996765Ec0eFc1f92599A19767ee5ffA

• Restrictions: KYC required

• Hard cap for individual hourly rewards

• 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 (15%)

Event time: 08:00 on December 24, 2024 to 08:00 on January 3, 2025, GMT+8 time

II. Introduction to Bio Protocol (BIO)

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

The team behind BIO helped create Molecule, a tokenized platform for early-stage biomedicine, and VitaDAO, the largest decentralized community for longevity science. Building 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 economy of the scientific community (bioDAO) and create a deep, liquid, and efficient market for scientific IP developed by bioDAO.

Compared with the traditional scientific model, BioDAO's core advantages:

• Capital efficiency: Concentrate resources to reduce innovation costs

• Flexible working model: Allow part-time experts to contribute

• Shared intellectual property: Incentivize contribution through intellectual property

• Open Access: Eliminating Barriers to Scientific Funding and Decision-Making

• Diversified Portfolio: Bundling Multiple Biotechnology Projects Simultaneously to Reduce Risk

3. Token Economics

BIO Token

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

• support specific bioDAOs (project screening and management);

• vote on the issuance or allocation of future BIO tokens;

• implement accelerator programs to drive the development of the network.

BIO tokens provide holders with the following benefits:

• Governance rights in the bioDAO network;

• Participation in early bioDAO funding rounds;

• 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 that provides legal custody of the BIO infrastructure and 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 The BIO governance body votes to decide.

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

Token distribution, community (total 56%):

-Community airdrop (6%): 199,200,000 BIO

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

-Ecosystem incentives (25%): 830,000,000 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

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

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