Bio Protocol: A Must Know Decentralized Science (DeSci) Coin

Bittime - BIO Protocol or BIO is a revolutionary project that aims to transform innovation in the field of biotechnology through a decentralized scientific model. The project is designed to connect scientists, investors and the global community in collaboration to finance, develop and own breakthrough biotechnology research. 

BIO Protocol is not just an ordinary crowdfunding platform, but rather creates an ecosystem that allows biotech projects to be managed and developed with access to decentralized resources.

Binance Labs Commitment to Supporting BIO Protocol

BIO Protocol is one of the first projects in the field decentralized science (DeSci) which is funded by Binance Labs, follows a strong commitment from Binance CEO, Changpeng Zhao (CZ), who supports innovation in the field of biotechnology and DeSci. The project targets to deliver transparent, inclusive and impactful solutions to global health challenges, using blockchain technology that ensures the scientific process is more open and connected.

BIO Protocol Goals and Mission in Biotechnology

One of the main goals of the BIO Protocol is to connect various parties involved in biotechnology research, providing space for scientists to carry out research with the necessary financial support and resources. However, BIO Protocol is not just about getting funding, but also providing space for the community to play an active role in the development and governance of biomedical projects. 

Read also: What is BIO Protocol Airdrop and How to Play?

This makes BIO Protocol more than just a funding project, but an ecosystem that integrates various elements to create breakthroughs in the field of biotechnology.

Main Products Presented by BIO Protocol

BIO Protocol provides a decentralized infrastructure to support biotechnology research and development. This infrastructure serves as the backbone for the BIO Protocol ecosystem, enabling the running of decentralized scientific DAOs (bioDAOs). 

It contains IP-token management mechanisms, resource distribution, and liquidity management, all of which are recorded on the blockchain. BIO token holders have the right to vote in decisions related to bioDAOs, such as approving the launch of a new project or providing research funding.

Read also: What is BIO Protocol?

Additionally, BIO Launchpad is a platform that connects investors with emerging biotech projects. Through a token auction system, bioDAOs can get seed funding, while investors have the opportunity to invest in innovative biotechnology projects. 

In addition, the BioDAO Incubator incubation program is designed to help biotechnology projects that have great potential to develop more rapidly. Through this program, participants receive support in the form of financing, guidance from experts, and access to networks that can help launch bioDAOs them.

Tokenomics: How BIO Token Works

BIO token is a utility and governance token used in this ecosystem. This token gives its holder the right to vote in decision making, participate in initial funding rounds for bioDAOs, as well as getting rewarded for their contributions, such as sharing health data or participating in decentralized clinical trials. 

BIO tokens have a total supply of 3.32 billion tokens, with approximately 1.29 billion tokens in circulation at launch. The distribution includes 56% to the community, 25% to ecosystem incentives, 13.6% to investors, 21.2% to core developers, 4.2% to advisors, and 5% to Molecule Fund.

Innovative Projects in the BIO Protocol Ecosystem

BIO Protocol supports various innovative biotechnology projects through bioDAOs in its ecosystem. Some of the prominent projects include VitaDAO which focuses on longevity research, AthenaDAO which provides solutions for women's health, PsyDAO which innovates in the fields of mental health and art, ValleyDAO which offers biotechnology solutions for environmental sustainability, HairDAO which develops hair loss treatments, CryoDAO which works in the field of cryopreservation, as well as Curetopia which focuses on treating rare diseases. Additionally, Quantum Biology DAO develops quantum microscopy technology for applications in biology.

Storing and Selling BIO Tokens

BIO tokens can be safely stored in crypto wallets such as Trust Wallet or cold wallets such as Ledger and Trezor. For trading, starting January 3, 2025, BIO tokens will be available on Binance and various other exchange platforms, providing investors with the opportunity to buy and sell these tokens.

Conclusion

BIO Protocol opens new avenues for biotechnology innovation by combining blockchain technology and scientific research. With support from a global community involved every step of the way, the BIO Protocol promises a more transparent and inclusive solution to global health challenges. 

As one of the largest projects in the DeSci world, BIO Protocol provides an attractive investment opportunity in this rapidly growing industry. If you are interested in getting involved in the biotechnology revolution and supporting research that can have a big impact on global health, BIO Protocol could be the right choice for you.

FAQ about BIO Protocol

What is BIO Protocol?

BIO Protocol is a curation and liquidity protocol designed to support decentralized science (DeSci). BIO enables the global community to jointly fund, build and own tokenized biotechnology projects and intellectual property rights.

What are the benefits of being a BIO token holder?

As a BIO token holder, you gain access to the scientific community network and tokenized intellectual property rights, and can participate in funding, voting, and decision-making regarding biotechnology projects.

How to join BIO Protocol?

You can join BIO Protocol through community platforms such as Telegram and Discord, where you can discuss, share ideas, and support biotech projects.

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Reference

Nft Evening, Introducing Bio Protocol (BIO): The Future of On-Chain Science, accessed December 30, 2024.

Binance, BIO Protocol (BIO), accessed December 30, 2024.

Author: MF