Chainfeeds Summary:
On December 23, Binance announced the launch of its 63rd Launchpool project, Bio Protocol (BIO). BIO Protocol is a DeSci curation and liquidity protocol aimed at supporting scientific research projects. TechFlow's 'TechFlow' article analyzes its ecosystem landscape.
Source:
https://x.com/TechFlowPost/status/1871158223035879769
Author:
TechFlow
Perspective:
TechFlow: BIO Protocol includes core components such as BioDAO, curation system, IP-ization and liquidity, and incentive mechanisms. Through multiple rounds of auctions and airdrop programs, it has built a diverse and highly engaged community, laying the foundation for a decentralized biomedical research network. The most important component is BioDAO, which raises funds through token sales to support and develop biotech projects aligned with its mission, creating shared intellectual property ownership among members. According to the website, 7 sub-DAOs have been successfully launched, 3 sub-DAOs are still in progress, with a total of $23.5 million raised and $7.2 million deployed in research funding. The 7 sub-DAOs launched are: - $VITA (VitaDAO): A group focused on funding early-stage longevity research, previously backed by Pfizer. During Devcon, VitaDAO showcased its first longevity product VD001, a high-dose spermidine supplement approved by the Thai FDA. Notably, BIO Protocol co-founder Paul Kohlhaas is also a VitaDAO founder. - $ATH (AthenaDAO): Focused on women's reproductive health research and drug discovery. - $GROW (ValleyDAO): A decentralized, community-governed platform for anti-aging drugs and longevity projects. - $PSY (PsyDAO): Focused on psychedelic science research, completed its first PSY token sale in mid-November 2024, raising $2 million. - $HAIR (HairDAO): Aimed at solving hair loss issues, has launched the Follicool shampoo product without harmful parabens or sulfates. Consumers receive 1 million POO tokens for each $49.95 FolliCool purchase. - $CRYO (CryoDAO): Dedicated to advancing cryopreservation research. - $NEURON (CerebrumDAO): Promoting brain health, raised over $1.5 million.
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