BIO is listed on Binance, and the public offering income can reach up to 58 times. The airdrop value of some sub-DAOs exceeds their market value.

Author: Weilin, PANews

At 6 pm Beijing time on January 3, Bio Protocol’s token BIO was listed on Binance, and the trading pairs of BIO/USDT, BIO/BNB, BIO/FDUSD and BIO/TRY were open. After the opening, BIO briefly touched $1.477, and as of 21:15, it was quoted at $0.89. As early as 5 pm on January 3, after BIO opened on-chain transfers, its on-chain opening quotation was US$0.7727. It should be reminded that BIO currently only supports Ethereum mainnet operations, and more blockchains will be launched in the next few days and weeks. There are multiple meme coins named "BIO" on the market that even use similar logos. All are scams.

Previously, the decentralized science project Bio Protocol launched three rounds of public fundraising from August 9 to November 14, raising US$6.2 million, US$18.2 million and US$3.5 million respectively. The estimated unit price of the token in the three rounds was 0.0256 USD, USD 0.04277 and USD 0.06596. After BIO is listed on Binance this time, users who participate in the public offering can theoretically earn a maximum profit of 58 times based on the first round of BIO cost and the highest price after the opening.

As an "on-chain scientific version of Y Combinator", Bio Protocol currently has eight sub-DAOs, focusing on longevity research, brain health, hair loss treatment, women's health, long-term Covid treatment, rare diseases and other fields. Can DeSci, a track that is favored by CZ and Vitalik Buterin, continue to bring growth space and imagination to the market?

BIO is listed on Binance, and the public offering income can reach up to

58 times

Bio’s popularity is inseparable from Binance’s support. As early as November 8 last year, Binance Labs announced its investment in the DeSci project BIO Protocol, saying that the investment marked Binance Labs’ first foray into the field of decentralized science (DeSci). Less than a week after the news was announced, CZ attended Binance’s Desci Day event in Bangkok and discussed Desci insights with Vitalik. On December 23, Binance Launchpool announced that it would launch the 63rd project Bio Protocol (BIO).

Bio Protocol's public offering provides many users with the opportunity to enter the market at a low cost, and some auction tokens have been directly released on TGE. However, due to the high initial circulation ratio, accounting for 39.05% of the total supply, and 12.57% of early tokens unlocked during TGE, there were previous market predictions that BIO would be under certain selling pressure after the opening.

According to on-chain analyst Ember Monitoring, Arkham’s address xinanko.eth, which was marked as belonging to Sigil Fund CIO @Fiskantes (daddy fiskantes), transferred 6.54 million BIO (approximately $4.77 million) to Binance shortly after opening the transfer. These BIOs were obtained through public offerings, with an average public offering price of approximately US$0.04. The current price of BIO is US$0.74, and his income is approximately 18 times (US$4.5 million).

Back to Bio Protocol itself, the total initial supply of BIO tokens is 3,320,000,000 BIO, with a maximum supply and no upper limit. Additional issuance may be decided through governance voting in the future. The additional issuance mechanism requires the deployment of new token contracts to replace the current BIO tokens.

Among them, community-related allocation accounts for 56%, and the specific allocation is as follows:

In terms of token distribution, community (56% in total):

• Community airdrop (6%): 199,200,000 BIO
• Community Auction (20%): 664,000,000 BIO
• Ecosystem Incentive (25%): 830,000,000 BIO
• Molecule Ecosystem Fund (5%): 166,000,000 BIO

Other allocations are as follows:

• Core Contributors (21.2%): 703,840,000 BIO
• Investors (13.6%): 451,520,000 BIO
• Molecule (5%): 166,000,000 BIO
• Consultants (4.2%): 139,440,000 BIO

In terms of airdrops, 3% of the total supply of BIO tokens is used for airdrops, and more than 8,500 addresses are eligible. The snapshot date of the airdrop is April 1, 2024. Users can receive vBIO (locked BIO), which can be immediately redeemed for $BIO. $BIO tokens are non-transferable until unlocked by a governance vote.

As the governance token of the BIO protocol, BIO is used for the following functions:

Governance and decentralization: BIO tokens grant holders governance rights over the BIO protocol and meta-governance rights for BioDAO in the network.

Whitelisted Access: BIO tokens provide holders with whitelisted access to BioDAO funding rounds and tokenized IP on the network.

Curation Management: The BioDAO chosen by BIO holders is launched through the BIO Launchpad and is supported by the network in terms of funding and liquidity.

Connecting BioDAO: BIO represents a basket of DeSci tokens, as the BioDAO in the network contributes a percentage of its initial token supply to the protocol in exchange for funding, liquidity, and acceleration services.

Protocol Liquidity: BIO Protocol provides liquidity through BioDAO tokens and IP tokens in its vault, earning trading fees from the liquidity owned by its protocol

With Binance’s strong endorsement, can the DeSci narrative continue to

drive growth?

As a Binance “selected” project, BIO received great attention from the market before its launch. The team behind BIO is a pioneer in the field of DeSci. They have previously built Molecule (a tokenized platform focusing on biomedicine) and VitaDAO (the world's largest decentralized longevity science community).

BIO is also regarded as the "on-chain scientific version of Y Combinator" and currently has 8 sub-DAOs. In the white paper, BIO is called the incubator of DeSci. Currently, the most famous sub-DAO is VitaDAO invested by Ruihui, which specializes in longevity. There are also HairDAO for hair loss, CerebrumDAO for Alzheimer's disease, etc.

Bio enjoys the ownership rights of the IP and patents produced by the sub-DAO. Supporters of BIO believe that its narrative limit is very high.

On January 3, Arthur Hayes forwarded the article "Degen DeSci", pointing out that early BioDAO such as VitaDAO and CryoDAO will receive huge BIO rewards. For example, the value of the 15.4 million BIO tokens obtained by PsyDAO even exceeds the market value of DAO itself (calculated at BIO's pre-market price of $0.95).

Currently, BioDAO's eight DAOs have gone through the first iteration of the BIO Acceleration Plan, with a cumulative market value of more than $300 million. The recently launched BioDAO Quantum Biology was 13 times oversubscribed, raising over $6.8 million in initial funding.

In terms of roadmap, Bio Protocol will launch the DeSci artificial intelligence agent in January, expand $BIO on the Solana chain, $BIO on the Base chain, $BIO/BioDAOs liquidity pool, launch a long-term coronavirus laboratory, and launch a new BIODAO Announcements, etc.; and will launch BIO Launchpad v1 and the management mechanism on the EVM chain in February 2025, as well as BIO Launchpad v1 on Solana.

In general, after being listed on Binance, although BIO faces certain selling pressure and slight fluctuations in market sentiment in the short term, as a leading project in the decentralized science sector, it is still expected to achieve considerable value growth in the long term.