Binance Labs Announces Investment in BIO Protocol, with 6 Days Remaining Until $BIO Token Launch; Interested Users Still Have the Opportunity to Acquire $BIO Through Auction in Each BIO Genesis Event Round.
(Recap: The BIO Protocol token fund has surpassed $11 million, aimed at accelerating decentralized science (DeSci) financing.)
(Background Supplement: What is decentralized science (DeSci)? Operational principles, introduction of DAO advantages and disadvantages, potential track summary.)
Table of Contents:
Participating in BIO Token Launch Through Auction
About Binance Labs
About BIO Protocol
This is a sponsored article written and provided by Binance Labs. It does not represent the position of the media outlet and is not an investment, purchase, or sale recommendation. For details, see the disclaimer at the end of the article.
November 8th,
Binance Labs
has invested in
BIO Protocol
(BIO), a groundbreaking protocol that leverages blockchain technology to transform the financing and commercialization of early-stage scientific research projects. This investment marks Binance Labs’ first foray into the decentralized science (DeSci) sector.
BIO can be regarded as the Y Combinator (the largest accelerator in Silicon Valley) for on-chain science. BIO’s platform enables a global community of scientists, patients, and investors to collectively fund, develop, and own new drugs and therapies through its biotechnology decentralized autonomous organization (BioDAO) network. The protocol’s innovative approach addresses key gaps in traditional scientific research funding, particularly in areas like rare diseases, longevity science, and emerging health challenges.
Currently, the BIO network comprises seven BioDAOs focused on different areas, such as cryopreservation, women’s health, and psychedelics for mental and psychological health. The protocol’s new batch of BioDAO projects includes accelerating treatments for long COVID-19 symptoms and rare diseases, as well as developing quantum microscopes to observe quantum biological phenomena, further expanding the scope and impact of community-driven science.
Binance Labs’ latest investment will facilitate the expansion of the BioDAO ecosystem by providing seed funding for new BioDAOs and strengthening the network of service providers that empower communities and support token economics. This will help realize BIO’s vision of creating autonomous infrastructure for scientific funding and acceleration, driven by advancements in artificial intelligence (AI), drug design, and open-source computational biology.
Andy Chang, Investment Director at Binance Labs, stated:
Paul Kohlhaas, Founder of BIO Protocol, pointed out:
Participating in BIO Token Launch Through Auction
With six days remaining, $BIO is about to launch its token. Interested users can participate in auctions during each BIO Genesis event round, where multiple auctions will take place simultaneously. Each qualifying bioDAO ecosystem token and WETH will have an auction, with a cap on exchanging for $BIO. Once the cap is reached, no new deposits for that token will be accepted.
After the event, half of the generated BIO will be unlocked immediately, and the other half will be gradually unlocked over a year. BIO cannot be transferred for a period following the end of Genesis, and whether to allow transfers in the future will be decided by community vote.
BIO Genesis event link:
https://app.bio.xyz/genesis/round2
About Binance Labs
Binance Labs
is a leading venture capital and incubator organization dedicated to empowering early-stage projects and driving growth and development in the Web3 ecosystem. Since its establishment in 2018, we have consistently focused on long-term development, providing strategic support and funding to projects regardless of market cycles.
As a cross-chain and cross-track venture leader in the Web3 domain, we support everything from infrastructure to the application layer, with a constant emphasis on technological innovation with meaningful product-market fit and sustainable revenue models.
Binance Labs’ investment portfolio covers over 250 projects from more than 25 countries across six continents, with over 65 projects having gone through our incubation program. For more information, follow Binance Labs on X.
About BIO Protocol
BIO Protocol
enables the on-chain science community to collectively fund, build, and co-own research outcomes and products in specific biomedical fields, such as longevity, brain health, and rare diseases. Founded by key members of VitaDAO, BIO provides global scientists, patients, and investor communities with the ability to take science into their own hands and bring more treatments to life more efficiently outside traditional pharmaceuticals.
BIO Genesis token holders include Zee Prime Capital, Boost VC, and Northpond Ventures. For more information, visit:
https://www.bio.xyz/
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Sponsored Article Disclaimer: This content is a sponsored article provided by a contributor, and the contributor has no affiliation with the media outlet. This article does not represent the media outlet’s position. It is not intended to provide any investment, asset advice, or legal opinions, nor should it be considered an offer to buy, sell, or hold any assets. Any services, plans, or tools mentioned in the sponsored article are for reference only, and the actual content or rules are subject to the contributor’s announcement or explanation. The media outlet is not responsible for any potential risks or losses. Readers are reminded to conduct careful due diligence before making any decisions or actions.
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