The Bio Protocol (BIO) project has officially become the 63rd Binance Launchpool project, bringing the promising DeSci trend back. After a month of receiving investment from Binance Labs, Bio Protocol can now be seen as the first shot since CZ shared his investment appetite, which mentioned Biotech.
So is the Bio Protocol project worth investing in and paying attention to? Let's explore it through the following article!
What is the Bio Protocol (BIO) project?
BIO Protocol is a pioneering project in the DeSci field, designed to drive innovation in biotechnology through a decentralized science model. It is a decentralized protocol that creates a platform connecting scientists, investors, and the global community to collectively fund, build, and own biotechnology research projects. BIO Protocol not only provides financial support but also encourages community participation in the development and management of biotech projects.
BIO Protocol is not just a fundraising platform. The project aims to build a comprehensive ecosystem where biotech projects are incubated, managed, supported, and given access to resources in a decentralized space. This helps researchers easily implement their innovative ideas, access the necessary resources, and transform their research into practical products, contributing to the sustainable development of the life sciences field.
DeSci, or decentralized science, is a concept that combines science and blockchain technology to create an open, transparent, and equitable research ecosystem. DeSci leverages the power of blockchain to transparently conduct research funding, content publishing, and intellectual property management. This model helps the scientific research industry transition from a "black box" to a more open space, promoting collective knowledge and encouraging innovation. Since the beginning of 2023, DeSci has started to attract attention, especially after receiving investment from Binance Labs and Binance founder CZ.
Products of Bio Protocol (BIO)
BIO Protocol is a DeSci project aiming to create a decentralized infrastructure to support research and development in the field of biotechnology. The project offers four main product groups, including BIO Protocol (the core infrastructure layer), BIO Launchpad (the fundraising platform), and BioDAO Incubator (the project incubation program).
BIO Protocol
BIO Protocol is the core infrastructure layer for the entire ecosystem, aiming to drive the on-chain economy of bioDAOs - decentralized biotechnology research communities. BIO Protocol creates trading markets, liquidity layers, and intellectual property (IP) management systems to support the efficient operation of bioDAOs.
The bioDAOs in this ecosystem raise capital through token sales, use the funds to conduct research, and share the benefits of the research results with members. With the blockchain-based funding and research management process, the BIO Protocol ensures transparency, increased data accessibility, and the engagement of the global knowledge community.
The main activities of the BIO Protocol include:
- Governance: BIO token Stakers vote to approve new bioDAOs and have the right to purchase bioDAO tokens in the early rounds.
- Funding: The BIO Protocol supports approved bioDAOs in fundraising and liquidity management.
- Reward Distribution: Through the "Bio/Acc Rewards" program, bioDAOs receive rewards when they reach important milestones such as IP-Token issuance or decentralized clinical trials.
BIO Launchpad
The BIO Launchpad is a platform that connects investors with biotech projects, operating on an auction model. Investors can participate in the auction of bioDAO tokens and claim the tokens when selected. This platform helps bioDAOs easily raise capital to conduct research.
BioDAO Incubator
The BioDAO Incubator is a program that incubates promising biotech projects. The BioDAO Incubator supports the development of biotech DAO and DeSci projects by providing funding, expert guidance, and a network of researchers. The 16-week program, combining in-person and online components, helps teams overcome challenges in building a DAO in the biotech field.
Participants receive financial support, expert advisors, and technical resources to effectively launch a DAO. The program aims to promote decentralized science, develop public infrastructure, and leverage the potential of Web3, IP-NFTs, and tokenomics to innovate research.
Highlights of Bio Protocol (BIO)
The most notable aspect of the Bio Protocol is that it is the leading project that everyone has been keeping an eye on since Binance's former CEO and founder CZ mentioned the DeSci sector and expressed a desire to invest in Biotech. Bio Protocol is the first Biotech project to be invested in by Binance Labs after CZ's statement, and it is also the first Biotech project to appear on the Binance Launchpool.
Additionally, let's explore the earning mechanism if you invest in BIO - the Bio Protocol. BIO token holders participate in the selection of bioDAOs through staking, and they receive benefits such as early-stage fundraising rounds or access to bioDAO products and data. When a bioDAO is approved, the BIO Protocol provides funding, liquidity support, and fund management by pairing the BIO token with the bioDAO token in liquidity pools. The system also implements BIO rewards to incentivize bioDAOs to reach important milestones such as IP creation, clinical trials, or consumer product development.
The BIO Protocol accumulates value through strategic investments, including holding 6.9% of the token supply of each bioDAO in the BIO Treasury, as well as fees and profits from on-chain liquidity. The BIO token not only serves for meta-governance but also provides priority access to bioDAO products and services, as well as financial incentives and crucial voting rights across the entire ecosystem.
Some notable projects in the BIO ecosystem include:
- VitaDAO: Research on longevity extension.
- AthenaDAO: Research on women's health.
- PsyDAO: Research on the science and art of psychiatry.
- ValleyDAO: Research on biotech-based solutions for planetary rescue.
- HairDAO: Addressing hair loss issues.
- CryoDAO: Research in the cryopreservation field.
- CerebrumDAO: Enhancing brain health and preventing neurodegeneration.
- Curetopia: Research on rare disease treatments.
- Long Covid Labs: Treating long-term COVID-19 syndrome.
- Quantum Biology DAO: Research on electron microscopy for biology.
Basic Information about the BIO Token:
- Token Name: Bio
- Ticker: BIO
- Blockchain: Ethereum
- Token Standard: ERC-20
- Contract Address: 0xcb1592591996765Ec0eFc1f92599A19767ee5ffA
- Token Type: Utility, Governance
- Total Supply: 3,320,000,000 BIO
- Circulating Supply: 1,296,529,168 BIO
Token Allocation
Specifically:
- Community: 56% (including)
- Community Auction: 20%
- Community Airdrop: 6%
- Ecosystem Incentives: 25%
- Molecule Ecosystem Fund: 5%
- Investors: 13.6%
- Core Developers: 21.2%
- Advisors: 4.2%
- Molecule: 5%
Token Vesting Schedule
The Bio Protocol publicly discloses detailed information related to its Tokenomics. The token Vesting schedule is expected to last around 6 years, and for the core team and investors, the project also presents a plan on how to allocate tokens to mitigate inflation and ensure transparency.
For details, please visit: Bionomics | BIO
Token Utility
BIO is the native Governance Token of the BIO protocol, allowing holders to use it to determine which bioDAOs need support, vote on future BIO issuance or distribution, and implement acceleration programs for the network's development.
The BIO Token provides its owners with governance rights within the bioDAOs in the network, the ability to participate in early bioDAO funding rounds, financial rewards for contributing health data and participating in clinical trials, as well as new health products funded by the bioDAOs.
BIO Token ICO Sale Information
Updating...
How to Earn and Own BIO Tokens
BIO can be distributed through Airdrop activities (updating...), or through the Binance Launchpool program. BIO will be officially traded on Binance starting from 3/1/2025.
Read more: Binance Lists Bio Protocol (BIO) on Binance Launchpool
BIO Protocol (BIO) Token Storage & Exchanges
BIO Token Storage
BIO can be stored in popular wallets like Trust or directly on exchanges. If you hold a large amount of BIO and want a secure storage solution, you can consider cold storage products (Ledger, Trezor).
BIO Token Exchanges
BIO can currently be purchased on the Binance exchange starting from 3/1/2025. Check out the exchanges that are partners of HC Capital:
- BingX: hulkcrypto.com/go/bingX (code ref: AZRMZC)
- OKX: http://Hulkcrypto.com/go/okx (code ref: 15835910)
- Bybit: hulkcrypto.com/go/bybit (code ref: 32672)
- Bitget: http://hulkcrypto.com/go/bitget (code ref: ezdy)
- Binance: hulkcrypto.com/go/binance (code ref: 139872038)
Roadmap
Updating...
Bio Protocol (BIO) Team
Paul Kohlhaas is the founder and CEO of Molecule, and one of the pioneers in the DeSci field, as well as a co-founder of VitaDAO. Before launching Molecule and the BIO Protocol, he held various key positions at ConsenSys and other leading blockchain organizations. He has also contributed to the deployment of blockchain solutions for the Swiss government.
Clemens Ortlepp is the co-founder and Chief Product Officer (CPO) of the BIO Protocol. He is the founder of MTX Studio, a decentralized technology creative studio, and previously served as Product Director at Molecule.
In summary, the BIO Protocol has a diverse team with many members having extensive experience in both the blockchain and biotechnology fields.
Bio Protocol (BIO) Investors and Partners
According to the information on the website, BIO Protocol is supported by investment funds such as 1k(x), Zee Prime Capital, Box Group, Lunar Ventures, and Fifty Years, although the details of these investments have not been disclosed.
In addition, in November 2024, BIO Protocol completed a funding round from Binance Labs, although the specific amount of this funding round was also not disclosed.
Read more: Binance Labs Invests in DeSci Project BIO Protocol
Outlook on Bio Protocol (BIO)
One of the biggest strengths of Bio is its advanced technology and experienced team of experts in the fields of biology and technology. The project can provide innovative solutions to many healthcare issues, from early diagnosis to disease treatment.
Particularly, the collaboration and support from major industry players like Binance, one of the world's leading cryptocurrency exchanges, along with the active involvement of CZ (Changpeng Zhao is very enthusiastic when talking about Biotech projects), can bring significant financial resources and a vast network to Bio. The biotechnology market is growing rapidly, and Bio has the potential to attract investor attention due to the increasing demand for high-quality healthcare products and services.
The Bio Protocol project is an undeniably promising one, and in addition to BIO, many other tokens like RIF and URO may also follow suit and create a DeSci wave. You should pay attention to this field and project for potential future investment.
Frequently Asked Questions about Bio Protocol (BIO)
Should I participate in the Bio Launchpad?
Yes, if you have enough relevant information and knowledge, explore the Bio Launchpad.
To participate in the token launch on the Launchpad, you need to connect your wallet. You can use your existing wallet or log in with a social media account to create a new wallet with Privy. Ensure that your wallet has enough tokens to bid and ETH to pay the transaction fees.
Where can I follow the BIO project?
You can learn more about the project at:
- Crypto/DeFi Natives:
- Scientists & Biotech Professionals:
- Community:
Conclusion
Bio Protocol is a noteworthy project, as not many DeSci projects have been as successful and prominent as Bio Protocol currently. The decision to invest in BIO depends on each investor's risk tolerance and personal investment goals.
