Original｜Odaily Planet Daily (@OdailyChina)
The long-awaited Binance Launchpool project is back, and this time the project is the long-anticipated Desci "leader" — BIO.
At 6 PM tonight, Binance officially announced the latest Launchpool project as BIO Protocol. With this news, market attention has once again returned to the Desci sector.
As a Desci management and liquidity protocol created by the original team of pump.science Molecule Dao, BIO Protocol is regarded as the "true leader of Desci." Odaily Planet Daily will provide a brief introduction to this project for readers' reference.
BIO Protocol: The "Protocol-Level Weapon" to Ignite the Desci Craze
It is worth noting that the announcement and opening time of Binance's Launchpool project spans 2024 and 2025, with BIO Protocol (BIO) officially launching 10 days later, on January 3, 2025.
BIO Project Introduction
BIO is a decentralized science (DeSci) management and liquidity protocol, with the mission of enabling global patients, scientists, and biotechnology professionals to collaboratively fund, build, and own tokenized biotechnology projects and intellectual property (IP), thereby accelerating the development of biotechnology. The team behind BIO helped create Molecule (a tokenization platform for early biomedical research) and VitaDAO (the largest decentralized community for longevity science). Building on these successes, BIO aims to catalyze the on-chain scientific economy through decentralized funding, incentives, and liquidity. The BIO token allows holders to access BIO's scientific community and IP network, thus broadly engaging with 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 trading pairs for BIO/USDT, BIO/BNB, BIO/FDUSD, and BIO/TRY.
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), to receive BIO airdrops, with the event lasting 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 Token Total Supply: 3,320,000,000 BIO
Launchpool Token Rewards: 99,600,000 BIO (3% of the total supply of genesis tokens)
Initial Circulating Supply at Binance Spot Listing: 1,296,529,168 BIO (39.05% of the total supply of genesis tokens)
Research Report: BIO Protocol (BIO) (to be released before 6 AM on December 24)
Token Contract: 0xcb1592591996765Ec0eFc1f92599A19767ee5ffA
Contract Address: Ethereum Chain Information
Hard Cap per User per Hour:
BNB Pool: 35,275 BIO
FDUSD Pool: 6,225 BIO
Supported Liquidity Pools
Lock BNB (webpage will be online in about 12 hours): Rewards 84,660,000 BIO (85%)
Lock FDUSD (webpage will be online in about 12 hours): Rewards 14,940,000 BIO (15%)
Participation Time: December 24, 2024, 00:00 (UTC) to January 2, 2025, 23:59 (UTC).
BIO Token Economics
Basic Token Information
Total Supply: 3,320,000,000
BIO Token Status: Non-transferable (Note from Odaily Planet Daily: The community has currently initiated a proposal vote to enable the transfer function of the token)
Maximum Supply: No upper limit on supply, determined by voting of the BIO governance body; 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 project white paper, the total supply of BIO genesis distribution is divided into the following parts:
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
Actual Use Cases of BIO Token
BIO is a governance utility token used for BIO protocol governance. BIO protocol governance may include the following decisions:
Planning for BioDAO joining the BIO network;
Terms for participating in BioDAO and its IP token sales;
Support and discounts for BioDAO health products/services;
Member participation in governance within BioDAO;
Issuance of BIO, fund allocation, and upgrades to the BIO protocol.
BIO Treasury
Token Allocation: The BIO Network provides $100,000 in funding for incubated BioDAOs in exchange for 6.9% of the BioDAO token supply. These token allocations accumulate in the BIO treasury, and as the underlying network value of the DAO increases, the protocol's AUM will also grow. The BIO treasury can also receive allocations of bioDAO scientific IP assets.
Protocol-Owned Liquidity (POL): The BIO treasury accumulates fees and revenues through on-chain liquidity of BIO tokens, BioDAO tokens, IP tokens, ETH, and other assets to build POL.
Latest Project Updates Overview
Latest Community Voting Proposal: Over 99% Approval Rate, Less than 2 Hours Remaining to Vote
According to the "Enable Transfer Function for BIO Token" proposal voting page initiated by the BIO Protocol community, the current number of votes in favor has reached 246 million token votes, accounting for 99.96%; the number of votes against is only 71,000 token votes, accounting for 0.03%; and the number of abstentions is 32,500 token votes, accounting for 0.01%.
Financing Information: Received Investment from Binance Labs, Community Financing Approaches $3 Million
In early November, Binance Labs announced its investment in the DeSci project BIO Protocol, with the specific investment amount undisclosed. This investment marks Binance Labs' first foray into the DeSci field, and BIO Protocol aims to leverage blockchain technology to change the financing and commercialization of early scientific research.
On November 13, according to official news, the DeSci project BIO Protocol announced the completion of a $2.9 million community token financing Genesis Round 2.5, with the total asset value of user participation in exchanging for BIO reaching $2.93 million.
On November 18, based on the DeSci project BIO Protocol roadmap shared by community user @zacxbt, its subsequent 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 new BioDAO.
Official Project Fund Allocation
On December 21, BIO Protocol officially stated that project funds are primarily used to support marginal sciences, including the previously launched BioDAOs on BIO:
$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 focused on different research topics.
Each BioDAO transforms patient and researcher communities into on-chain R&D networks, accelerating research through globally sourced liquidity and talent.
Affected related tokens: URO, RIF, DRUGS
Due to the news that Binance Launchpool will launch Bio Protocol (BIO), RIF briefly surged over 40%, currently reported at 0.05718 USDT; URO briefly rose over 30%, currently reported at 0.04948 USDT.
In addition, the token DRUGS, which combines AI and DeSci concepts, was also affected by this news, with its price briefly breaking $0.04, surging over 200%, and currently retreating to around $0.028, with a market cap of approximately $32 million.
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