A Quick Look at the Binance 63rd Launchpool Project - Bio Protocol (BIO)
On December 23, 2024, Binance announced that the 63rd project on Binance Launchpool - Bio Protocol (BIO), a decentralized science (DeSci) governance and liquidity protocol, would be launched.
Users can deposit BNB and FDUSD into the BIO reward pool on the Launchpool website after 08:00 (Beijing Time) on December 24, 2024 to obtain BIO. The BIO event will last for a total of 10 days.
New Token Listing
Binance will list Bio Protocol (BIO) at 18:00 (Beijing Time) on January 3, 2025 and open trading markets for BIO/USDT, BIO/BNB, BIO/FDUSD and BIO/TRY, which will be subject to the Seed Tag trading rules.
Details of Launchpool
Token Name: Bio Protocol (BIO)
Total Initial Token Supply: 3,320,000,000 BIO
Maximum Token Supply: 3,320,000,000 BIO (The supply can be increased through network governance)
Initial Circulating Supply of Spot on Binance: 1,296,529,168 BIO (39.05% of the total initial token supply)
Launchpool Total Allocation: 99,600,000 BIO (3% of the total initial token supply)
Token Contract and Network Details: Ethereum, 0xcb1592591996765Ec0eFc1f92599A19767ee5ffA
Restrictions: KYC is required
Personal Hourly Reward Caps
BNB Pool: 35,275 BIO
FDUSD Pool: 6,225 BIO
Reward Pools:
BNB Pool: Total Reward 84,660,000 BIO (85%)
FDUSD Pool: Total Reward 14,940,000 BIO (15%)
Activity Time: From 08:00 on December 24, 2024 (Beijing Time) to 08:00 on January 3, 2025
Introduction to Bio Protocol (BIO)
BIO is a decentralized science (DeSci) governance and liquidity protocol. Its mission is to enable the global community of patients, scientists and biotechnology professionals to jointly fund, build and own tokenized biotechnology projects and intellectual property (IP), thus accelerating the development of biotechnology.
The team behind BIO has helped create Molecule (a tokenized platform for early biomedical applications) 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 economy of the scientific community (bioDAO) and create deep, liquid and efficient markets for the scientific IP developed by bioDAO.
Compared with the traditional scientific model, the core advantages of BioDAO are as follows:
Capital Efficiency: Concentrate resources to reduce the cost of innovation.
Flexible Working Model: Allow part-time experts to contribute.
Shared Intellectual Property: Incentivize contributions through intellectual property rights.
Open Access: Eliminate barriers to scientific funding and decision-making.
Diversified Portfolio: Bundle multiple biotechnology projects simultaneously to reduce risks.
Tokenomics
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 distribution of future BIO tokens;
Implement accelerator programs to promote the development of the network.
BIO tokens provide the following rights and interests for holders:
Governance rights in the bioDAO network;
Participation in early bioDAO funding rounds;
Receive economic rewards by contributing health data and participating in clinical trials;
Priority access to new health products funded by bioDAO.
The BIO token is issued by the Bio.xyz Association, a non-profit organization responsible for the legal custody of BIO’s infrastructure and treasury.
BIO Token Contract Address: 0xcb1592591996765Ec0eFc1f92599A19767ee5ffA
vBIO (Locked BIO) Token Contract Address: 0x0d2ADB4Af57cdac02d553e7601456739857D2eF4
Initial Distribution
Total Supply: 3,320,000,000
Status of BIO Tokens: Non-transferable
Maximum Supply: There is no upper limit on the supply, which will be determined by voting of the BIO governance body.
New BIO tokens can be minted for the future growth of the protocol or network. This requires the deployment of a new token contract to replace the current BIO token.
In terms of token distribution, the community (56% in total):
Community Airdrop (6%): 199,200,000 BIO
Community Auction (20%): 664,000,000 BIO
Ecosystem Incentives (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
Advisors (4.2%): 139,440,000 BIO
BIO token holders vote to fund specific scientific IP assets, reward BioDAO to mint IP tokens, or fund the community and infrastructure initiatives of DeSci DAO. Through the monetization of IP (intellectual property), revenue is obtained through services such as IP licensing, IP-NFTs, and data contributions. The revenue is then reinvested into BioDAO to fund more and better scientific projects, and to promote and empower the value of the BIO token.
