BIO Protocol: Revolutionizing Decentralized Scientific Funding

BIO Protocol leads the decentralized science (DeSci) movement with its trailblazing approach to scientific research funding and commercialization.

BIO Protocol is making waves in the world of decentralized science (DeSci) with its groundbreaking approach to scientific research funding and commercialization. As Binance Labs' first venture into the DeSci sector, the protocol serves as a vital bridge between blockchain technology and scientific advancement.

DeSci tackles core problems in traditional scientific funding by creating a public infrastructure that uses blockchain technology. The protocol works like a decentralized incubator and makes shared work possible between scientists, patients, and investors. This model helps underfunded areas such as rare diseases, longevity research, and emerging health challenges.

The protocol's network includes seven BioDAOs focused on scientific domains. These specialized communities work on:

Cryopreservation research and development

Women's health initiatives

Psychedelics for mental health treatment

Long COVID treatment solutions

Quantum microscopy advancement

BioDAOs act as community-owned IP creation engines that focus on specific scientific areas. The ecosystem runs on a well-laid-out framework where BIO token holders can participate in governance of biotech DAOs and IP assets. This system provides seed funding for new BioDAOs while deepening the network's commitment to service providers who offer community and tokenomics support.

The protocol's innovative approach fills critical gaps in traditional scientific funding through its network of Biotech Decentralized Autonomous Organizations (BioDAOs). These organizations help global communities to collectively fund, develop, and co-own new drugs and therapeutics. BIO Protocol has put $7.37M into research and created a tokenized IP portfolio worth over $43M through this structure.

Binance Launchpool welcomes BIO Protocol as its 63rd project. Users get a chance to earn tokens by staking their assets strategically.

The farming period lasts ten days from December 24, 2024, to January 2, 2025. Users can stake either BNB or FDUSD tokens and withdraw their funds anytime without penalties. The protocol features two separate staking pools:

BNB Pool: 84,660,000 BIO (85% of total rewards)

FDUSD Pool: 14,940,000 BIO (15% of total rewards)

Daily distributions total 9.96 million BIO tokens through a well-laid-out reward system. The BNB pool has an hourly cap of 35,275 BIO, while the FDUSD pool caps at 6,225 BIO. Multiple snapshots taken each hour help calculate user rewards based on average balances.

Users need to complete Binance's identity verification before they can join the pools. Early participation yields better results since rewards decrease as more participants join. BNB holders who use Flexible Products and Locked Products automatically join the Launchpool. Their assets split equally among ongoing projects. BNB Flexible Products serving as collateral for Binance Loans cannot earn rewards.

The BIO Protocol's economic framework revolves around its native token, which serves as both a governance and utility asset in the ecosystem. BIO tokens have a total supply of 3.32 billion, and 1.29 billion tokens (39.05% of total) are currently in circulation.

The token distribution follows a well-laid-out allocation model:

Community and Ecosystem: 56% (including auctions and airdrops)

Core Contributors: 21.2% (6-year vesting)

Private Investors: 13.6% (1-year cliff, 4-year vesting)

Advisors: 4.2%

Molecule Fund: 5%

The treasury grows its value through several channels. The treasury provides $100,000 grants to nurtured BioDAOs and receives 6.9% of their token supply in return. Additional value comes from fees and yields generated by on-chain liquidity in various assets, including BIO tokens, BioDAO tokens, and ETH.

BIO token holders shape the protocol's future through their voting power. They make vital decisions about:

Curation of new BioDAOs joining the network

Terms for BioDAO participation and IP token sales

Support for BioDAO health products and services

Meta-governance within member BioDAOs

Protocol emissions and treasury allocations

The protocol uses Protocol-Owned Liquidity (POL) to manage liquidity pools with BIO tokens, BioDAO tokens, and IP tokens. This approach helps the protocol earn trading fees while keeping markets efficient. BIO holders can influence decisions in multiple BioDAOs through meta-governance, which creates a complete ecosystem for decentralized scientific progress.

The BIO Protocol has showed its ground effect through a network of successful BioDAOs. Each BioDAO tackles vital scientific challenges in unique ways.

BioDAOs have reached major milestones in their fields:

VitaDAO secured $5 million for longevity research with Pfizer's backing

CerebrumDAO raised $1.5 million for brain health research

ValleyDAO got $2