The BIO token is the native governance token of the BIO Protocol, a decentralized platform designed to fund, develop, and govern tokenized scientific intellectual property (IP) from universities, companies, and researchers worldwide.
BIO enables holders to participate in the governance of various biotech Decentralized Autonomous Organizations (bioDAOs) and IP assets, providing broad exposure to the decentralized science (DeSci) space. It facilitates funding for specific scientific missions or individual IP assets and incentivizes network activities. Additionally, BIO creates liquid on/off-ramps that are globally accessible, allowing seamless exchange across the BIO ecosystem.
The BIO Protocol has been instrumental in advancing on-chain science, with bioDAOs funding over $6.5 million in research across 1,800 applications and 11 tokenized biotech assets. The network's bioDAO tokens have a market capitalization exceeding $100 million, supported by a community of over 20,000 participants.
In November 2024, Binance Labs made its first DeSci investment in the BIO Protocol, signaling significant support from major crypto and biotech players.
The BIO token is expected to become transferable in early Q1 2025, enabling holders to actively participate in the governance and funding of early-stage scientific research through the BIO Protocol.
For more information, visit the official BIO website.
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