bio token
The BIO token is a governance token for the Bio Protocol, a decentralized science (DeSci) management and liquidity protocol aimed at funding and advancing early-stage scientific research.
**Key Features**:
- Total supply of 3.32 billion tokens
- Initial circulating supply of 1,296,529,168 tokens (39.05% of total supply)
- Currently not transferable, with transferability expected in early Q1 2025
**Token Utility**:
- Enables governance of biotech DAOs (decentralized autonomous organizations)
- Allows holders to:
- Signal support for specific BioDAOs
- Vote on IP tokenization
- Guide funding for scientific research
- Gain access to initial funding rounds
**Ecosystem**:
The BIO token supports a network of BioDAOs focusing on various scientific domains, including longevity research, women's health, rare diseases, and emerging health challenges. The protocol aims to democratize scientific funding by allowing global communities to collectively support and co-own drug and therapeutic development.
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