🔗BIO Protocol: A breakthrough in decentralized science funding and biotechnology technology🔗
BIO Protocol is a pioneering platform applying blockchain technology to promote the development of decentralized science (DeSci) in the field of biotechnology.
The project aims to create an ecosystem where patients, scientists, and experts can collaborate to fund, build, and own biotechnology projects along with intellectual property (IP) assets.
🔵Main products of BIO Protocol
1️⃣BioDAO
BioDAO is a decentralized autonomous organization (DAO) for biotechnology projects.
Mechanism of operation: Organizations wishing to raise funds will submit an application to BioDAO, then the community of users staking BIO tokens (receiving veBIO) will vote to approve the project.
❤️Support from BioDAO: If approved, the project will proceed to sell private tokens and BIO Protocol will own 6.9% of the total token supply to promote development.
2️⃣ Launchpad
Launchpad provides a flexible platform for biomedical organizations to raise funds without going through the voting process from BioDAO.
Benefits: Accelerate fundraising.
Challenges: Lower reliability compared to projects approved by BioDAO.
⚜️Information about BIO token
✅Token allocation:
Ecosystem development: 25%
Core contributions: 21.2%
Community Auction: 20%
Investors: 13.6%
Community Airdrop: 6%
Molecule Fund: 5%
Advisors: 4.2%
😃Staking period: 12/24/2024 – 1/3/2025.
🔺Trading pairs: BIO/USDT, BIO/BNB, BIO/FDUSD, and BIO/TRY.
🔻 Users can stake BNB and FDUSD to receive BIO tokens for free.