Original | Odaily Planet Daily ( @OdailyChina )
Author: Wenser ( @wenser 2010 )
The long-awaited Binance Launchpool project is launched again, and this time the project is the long-awaited Desci leader - BIO.
At 18:00 tonight, Binance officially announced that the latest Launchpool project is BIO Protocol. As soon as the news came out, the markets attention returned to the Desci sector again.
As a Desci management and liquidity protocol created by Molecule Dao , the original team of pump.science, BIO Protocol can be called the real Desci leader. Odaily Planet Daily will briefly introduce the project in this article for readers reference.
BIO Protocol: The protocol-level weapon that set off the Desci craze
It is worth noting that the announcement and opening time of Binance’s Launchpool project spans 2024 and 2025. BIO Protocol (BIO) was officially launched 10 days later, on January 3, 2025.
BIO Project Introduction
BIO is the governance and liquidity protocol for decentralized science (DeSci), with a mission to accelerate biotech by enabling a global community of patients, scientists, and biotech professionals to co-fund, build, and own tokenized biotech projects and intellectual property (IP). The team behind BIO helped create Molecule , a tokenized platform for early-stage biomedicine, and VitaDAO , the largest decentralized community for longevity science. Building on these successes, BIO aims to catalyze the on-chain science economy through decentralized funding, incentives, and liquidity. BIO tokens give holders access to BIOs scientific community and IP network, providing broad exposure to the DeSci economy.
Launchpool Project Announcement Details
According to the official announcement , Binance will launch BioProtocol (BIO) at 18:00 Beijing time on January 3, 2025, and will simultaneously open BIO/USDT, BIO/BNB, BIO/FDUSD and BIO/TRY trading pairs.
Binance users can participate in Launchpool by staking BNB and FDUSD from 08:00 Beijing time on December 24, 2024 (8 am tomorrow) to receive BIO airdrops. The event will last 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)
Total Genesis Token Supply: 3,320,000,000 BIO
Launchpool Token Rewards: 99,600,000 BIO (3% of the total Genesis Token supply)
Initial circulating supply at Binance Spot listing: 1,296,529,168 BIO (39.05% of total genesis supply)
Research report: BIO Protocol (BIO) (will be released before 6:00 on December 24)
Token contract: 0xcb1592591996765Ec0eFc1f92599A19767ee5ffA
Contract address: Ethereum chain information
Hard cap per user per hour:
BNB pool is 35,275 BIO
FDUSD pool is 6,225 BIO
Supported Liquidity Pools
Lock BNB (webpage will be online in about 12 hours): Reward 84,660,000 BIO (85%)
Lock FDUSD (webpage will be online in about 12 hours): reward 14,940,000 BIO (15%)
Participation time: 2024-12-24 00: 00 (UTC) to 2025-01-02 23: 59 (UTC).
BIO Token Economics
Basic information of tokens
Total Supply: 3,320,000,000
BIO Token Status: Non-transferable (Note from Odaily Planet Daily: The community has initiated a vote on a proposal to open the token transfer function)
Max Supply: Uncapped supply, determined by BIO governance voting; new BIO can be minted for future protocol or network growth; this requires deploying a new token contract to replace current BIO tokens.
BIO Allocation
According to the previous information in the project white paper , the total supply of BIO Genesis allocation 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%
Consultants: 4.2%
Molecule : 5%
Token Economics Information
BIO Token Real Use Cases
BIO is the governance utility token used for BIO protocol governance. BIO protocol governance may include the following decisions:
Join the BioDAO planning of the BIO network;
The terms for participating in the token sale of BioDAO and its IP;
Support and discounts on BioDAO health products/services;
Members participate in governance within BioDAO;
BIO issuance, fund allocation, and BIO protocol upgrades.
BIO Treasury
Token Allocation: BIO Network provides $100,000 in funding to incubated BioDAOs in exchange for 6.9% of the BioDAO token supply. These token allocations accumulate in the BIO Treasury, and as the value of the DAOs underlying network rises, the protocol AUM will grow as well. The BIO Treasury also receives allocations of bioDAOs scientific IP assets.
Protocol Owned Liquidity (POL): The BIO Treasury builds POL by accumulating fees and earnings through on-chain liquidity of BIO tokens, BioDAO tokens, IP tokens, ETH, and other assets.
The latest project updates
The latest community voting proposal: more than 99% of votes in favor, less than 2 hours left to vote
According to the voting page for the proposal Enable transferability of BIO tokens initiated by the BIO Protocol community, the current number of votes in favor is as high as 246 million tokens, accounting for 99.96%; the number of votes against is only 71,000 tokens, accounting for 0.03%; and the number of abstentions is 32,500 tokens, accounting for 0.01%.
Financing information: Received investment from Binance Labs, with community financing of nearly $3 million
In early November, Binance Labs announced an investment in the DeSci project BIO Protocol. The specific investment amount was not disclosed. This investment is Binance Labs first investment in the DeSci field. BIO Protocol aims to use blockchain technology to change the way early scientific research is financed and commercialized.
On November 13, according to official news , the DeSci project BIO Protocol announced the completion of the US$2.9 million community token financing Genesis Round 2.5, and the total value of assets participated in by users in exchanging BIO reached US$2.93 million.
On November 18, according to the DeSci project BIO Protocol roadmap shared by community user @zacxbt, its subsequent goals include:
Q4 2024: Launchpad testnet, vBIO expansion to Solana;
2025Q1: Cohort 2 BioDAO incubation, BIO Protocol Launchpad, BIO token transferability, BIO Liquidity Pairings;
2025 Q2: Cohort 2 community auction, BIO research agents (Research Agents);
2025 Q3: Launch of new BioDAO.
Official funding allocation for the project
On December 21, BIO Protocol officially announced that the project funds will be mainly used to support marginal science, including BioDAO, which was previously launched 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 with different research topics.
Each BioDAO transforms a community of patients and researchers into an on-chain RD network, accelerating research through globally sourced liquidity and talent.
Affected tokens: URO, RIF, DRUGS
Possibly affected by the news that Binance Launchpool will list Bio Protocol (BIO) , RIF rose by more than 40% in a short period of time, temporarily reporting 0.05718 USDT; URO rose by more than 30% in a short period of time, temporarily reporting 0.04948 USDT.
In addition, DRUGS, which combines the concepts of AI and Desci tracks, was also affected by the news. Its price once exceeded US$0.04, with a short-term increase of more than 200%. It has temporarily fallen back to around US$0.028, with a market value of approximately US$32 million.
