Original | Odaily (@OdailyChina)
Author | Wenser (@wenser 2010)
The long-awaited Binance Launchpool project is back, and this time the project is the much-anticipated Desci "leader" - BIO.
Tonight at 6 pm, the Binance official announced that the latest Launchpool project is the BIO Protocol. As soon as the news came out, the market's attention turned back to the Desci sector.
As the brainchild of the original Pump.science team, Molecule Dao, BIO Protocol is considered the "true Desci leader". Odaily will provide a brief introduction to the project in this article for readers' reference.
BIO Protocol: The "Protocol-Level Weapon" that Ignites the Desci Craze
It is worth noting that the announcement and opening time of Binance's Launchpool project span 2024 and 2025, and BIO Protocol (BIO) will not officially launch until 10 days later, on January 3, 2025.
BIO Project Introduction
BIO is a decentralized management and liquidity protocol for DeSci, with a mission to enable the global patient, scientist, and biotech professional community to collectively fund, build, and own tokenized biotech projects and intellectual property (IP), thereby accelerating the development of biotechnology. The team behind BIO helped createMolecule (a tokenization platform for early-stage biomedical) and VitaDAO (the largest decentralized longevity science community). Building on these successes, BIO aims to catalyze the on-chain scientific economy through decentralized funding, incentives, and liquidity. BIO token holders can access the BIO scientific community and IP network, gaining broad exposure to the DeSci economy.
Launchpool Project Announcement Details
According to the official announcement, Binance will launch BioProtocol (BIO) at 6:00 PM Beijing time on January 3, 2025, and will simultaneously open the BIO/USDT, BIO/BNB, BIO/FDUSD, and BIO/TRY trading pairs.
Binance users can participate in the Launchpool by staking BNB and FDUSD starting at 8:00 AM Beijing time on December 24, 2024 (tomorrow morning at 8 o'clock) to receive BIO airdrops, and the event will last for 10 days.
Token Details
Token Name: BIO Protocol (BIO)
Maximum Token Supply: 3,320,000,000 BIO (dynamically adjusted, may be increased through network governance)
Genesis Total Supply: 3,320,000,000 BIO
Launchpool Token Rewards: 99,600,000 BIO (3% of Genesis Total Supply)
Initial Circulating Supply at Binance Spot Listing: 1,296,529,168 BIO (39.05% of Genesis Total Supply)
Research Report: BIO Protocol (BIO) (to be released before 6 AM on December 24)
Token Contract: 0xcb1592591996765Ec0eFc1f92599A19767ee5ffA
Contract Address: Ethereum Chain Information
User Hourly Hard Cap:
BNB Pool: 35,275 BIO
FDUSD Pool: 6,225 BIO
Supported Liquidity Pools
Lock BNB (the page will be online in about 12 hours): Reward 84,660,000 BIO (85%)
Lock FDUSD (the page will be online in about 12 hours): Reward 14,940,000 BIO (15%)
Participation Period: 2024-12-24 00:00 (UTC) to 2025-01-02 23:59 (UTC).
BIO Token Economics
Token Basics
Total Supply: 3,320,000,000
BIO Token Status: Non-transferable (Odaily Note: The community has already initiated a proposal to vote on enabling token transferability)
Maximum Supply: Uncapped supply, to be determined by BIO governance; New BIO can be minted for future protocol or network growth; This requires deploying a new token contract to replace the current BIO token.
BIO Distribution
According to the previous information in the project whitepaper, the Genesis Total Supply of BIO is distributed as follows:
Community: 56%
Community Auction: 20%
Community Airdrop: 6%
Ecosystem Incentives: 25%
Molecule Ecosystem Fund: 5%
Investors: 13.6%
Core Contributors: 21.2%
Advisors: 4.2%
Molecule: 5%
Token Economics Information
BIO Token Utility
BIO is a governance utility token for the BIO protocol. BIO protocol governance may include the following decisions:
Onboarding of BioDAOs into the BIO network;
Terms of participation in BioDAO and its IP token sales;
Support and discounts for BioDAO health products/services;
Member participation in BioDAO governance;
BIO issuance, fund allocation, and BIO protocol upgrades.
BIO Treasury
Token Allocation: The BIO Network provides a $100,000 grant to incubated BioDAOs in exchange for 6.9% of the BioDAO token supply. These allocated tokens accumulate in the BIO Treasury, and the protocol's AUM will grow as the underlying network value increases. The BIO Treasury can also receive allocations of bioDAO scientific IP assets.
Protocol-Owned Liquidity (POL): The BIO Treasury builds up fees and yields through on-chain liquidity of BIO tokens, BioDAO tokens, IP tokens, ETH, and other assets, thereby constructing POL.
Latest Project Updates
Latest Community Voting Proposal: Over 99% Approval, Less Than 2 Hours Remaining
According to the "Enable BIO Token Transferability" proposal voting page initiated by the BIO Protocol community, the current number of approval votes is as high as 246 million tokens, accounting for 99.96%; the number of rejection votes is only 71,000 tokens, accounting for 0.03%; and the number of abstention votes is 32,500 tokens, accounting for 0.01%.
Funding Information: Invested by Binance Labs, Community Raised Nearly $3 Million
In early November, Binance Labs announced an investment in the DeSci project BIO Protocol, with the specific investment amount undisclosed. This investment is Binance Labs' first foray into the DeSci field, and BIO Protocol aims to use blockchain technology to change the financing and commercialization of early-stage scientific research.
On November 13, according to official information, the DeSci project BIO Protocol announced the completion of a $2.9 million community token financing Genesis Round 2.5, with the total value of assets exchanged for BIO reaching $2.93 million.
On November 18, according to the DeSci project BIO Protocol roadmap shared by community user @zacxbt, its future goals include:
Q4 2024: Launchpad testnet, vBIO expansion to Solana;
Q1 2025: Cohort 2 BioDAO incubation, BIO Protocol Launchpad, BIO token transferability, BIO Liquidity Pairings;
Q2 2025: Cohort 2 community auction, BIO Research Agents;
Q3 2025: Launch of a new BioDAO.
Project Official Fund Allocation
On December 21, the BIO Protocol official announced that the project funds are mainly used to fund frontier science, of which:
$6.8 million for Quantum Biology (@QuantumBioDAO)
$3 million for Cryopreservation (@cryodao)
$5.1 million for Longevity Science (@vita_dao)
Including @longcovidlabs, @endrarediseases and more DAO organizations with different research themes.
Each BioDAO transforms patient and researcher communities into on-chain R&D networks, accelerating research through global liquidity and talent.
Affected Relevant Tokens: URO, RIF, DRUGS
Affected by the news that Binance Launchpool will list Bio Protocol (BIO), RIF surged over 40% in the short term, currently reported at 0.05718 USDT; URO surged over 30% in the short term, currently reported at 0.04948 USDT.
In addition, DRUGS, which combines AI and Desci concepts, was also affected by this news, with the price once breaking through $0.04, a short-term increase of over 200%, and currently temporarily falling back to around $0.028, with a market capitalization of about $32 million.
