Binance Labs Announces Investment in BIO Protocol, Countdown to $BIO Token Issuance: 6 Days Left. Users still have a chance to acquire $BIO through auctions during each round of the BIO Genesis event.
(Previous Context:
BIO Protocol token fundraising exceeds $11 million to accelerate decentralized science (DeSci) funding.
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(Background Supplement:
What is decentralized science (DeSci)? How it works, the pros and cons of introducing DAOs, and potential track arrangements.
)
Table of Contents
Participate in BIO Token Issuance Through Auctions
About Binance Labs
About BIO Protocol
This article is an advertorial, written and provided by Binance Labs, does not represent the position of BlockTempo, nor is it investment advice, or a recommendation to buy or sell. See the disclaimer at the end of the article.
November 8th,
Binance Labs
has invested in
BIO Protocol
(BIO), a groundbreaking protocol leveraging blockchain technology to transform the financing and commercialization of early-stage scientific projects. This investment marks Binance Labs’ first foray into the decentralized science (DeSci) sector.
BIO can be regarded as the Y Combinator of on-chain science, with its platform enabling global communities 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 critical gaps in traditional scientific research funding, particularly in areas such as rare diseases, longevity science, and emerging health challenges.
Currently, the BIO network comprises seven BioDAOs focused on different fields, such as cryopreservation, women’s health, and psychedelics for mental health. The protocol’s new batch of BioDAO projects includes accelerating treatments for long COVID 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, providing seed funding for new BioDAOs and strengthening the network of service providers that empower communities and support token economies. This will help realize BIO’s vision of creating autonomous infrastructure for scientific research financing 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:
Participate in BIO Token Issuance Through Auctions
With six days left, $BIO is about to issue tokens. Interested users can participate in auctions during each round of the BIO Genesis event. Multiple auctions will take place simultaneously during the event, with each eligible bioDAO ecosystem token and WETH having an auction. There will be a cap on exchanges for $BIO, and once the cap is reached, no new deposits of that token will be accepted.
After the event ends, half of the generated BIO will be unlocked immediately, while the other half will be gradually unlocked over a year. BIO will be non-transferable for a period following the end of Genesis, and whether transfers are enabled afterward will be determined by community voting.
BIO Genesis Event Link:
https://app.bio.xyz/genesis/round2
About Binance Labs
Binance Labs
is a leading venture capital and incubator dedicated to empowering early-stage projects and driving the growth and development of the Web3 ecosystem. Since its establishment in 2018, we have remained focused on long-term development, providing strategic support and funding to projects regardless of market cycles.
As a venture leader across chains and tracks in the Web3 sector, we support everything from infrastructure to the application layer, with our focus always on meaningful product-market fit and sustainable revenue models in technological innovation.
Binance Labs’ investment portfolio covers over 250 projects from more than 25 countries across six continents, with over 65 of them having gone through our incubation program. For more information, follow Binance Labs on X.
About BIO Protocol
BIO Protocol
enables the on-chain scientific 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 empowers global communities of scientists, patients, and investors to take science into their own hands and bring more treatments to life more effectively beyond traditional pharmaceuticals.
BIO Genesis token holders include Zee Prime Capital, Boost VC, and Northpond Ventures.
For more information, visit the link:
https://www.bio.xyz/
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Advertorial Disclaimer: The content of this article is an advertorial provided by the contributor and has no relation to BlockTempo. This article does not represent BlockTempo’s position and is not intended to offer any investment, asset advice, or legal opinion, nor should it be considered an offer to buy, sell, or hold any assets. Any services, plans, or tools mentioned in the advertorial content are for reference only, and the final actual content or rules are subject to the announcement or explanation by the contributor. BlockTempo is not responsible for any potential risks or losses, and readers are reminded to exercise caution and conduct their own research before making any decisions or actions.
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