Bio Protocol (BIO)

Bio protocol is a leading on-chain curation and liquidity protocol for Decentralized Science (DeSci). 

It aims to accelerate the flows of talent and capital into biotechnology by offering an innovative approach to incentivize biotechnology researchers using the crypto economy. It is the same team that took a big part in the development of a tokenization platform for early-stage biomedicine projects and a decentralized community for longevity scientists - Molecule. 

Bio protocol crypto project consists of a few core modules, including:

• BioDAOs: Community-owned research networks, focused on the specific topic of biotechnology research, aiming to produce and tokenize new pieces of Intellectual Property to capitalize on them later. By introducing BioDAOs, researchers are now able to tokenize their IPs and raise funds on-chain through private auctions and other types of sale on Bio protocol;
• Bio launchpad: A fundraising platform for the Bio crypto community, allowing them to vote for the new BioDAOs to join its ecosystem and pledge the $BIO tokens in return for the new BioDAO’s tokens in the future, which will be representing a tokenized IP;

Furthermore, the platform enables users to participate in private Auction Sales, where community members can acquire the IP tokens for the price determined by bidders' demand for tokens, offering an alternative way for projects to earn needed funding.

• BioDAO incubator: An incubation and acceleration program of the Bio protocol provided to the ecosystem projects. It provides the required liquidity, knowledge, and consultancy, as well as ensures exposure, to collect funds from the Bio community more effectively. 
• 🪙 Bio protocol token: At the core of Bio protocol lies its native $BIO token, which allows users to vote on the new BioDAOs to be added into the Bio ecosystem, and access the early-stage IP token sales via staking.

On December 23rd, Binance - the largest centralized crypto exchange, announced IEO and listing of the $BIO token on its platform, allocating 3% of the total supply for the Launchpool event. 

Considering rising interest among the crypto community regarding the Bio protocol crypto project, our team prepared a list of the most notable Bio pros and cons. Hopefully, this info will help you make a more informed decision on whether it's worth joining the $BIO launchpool or not:

✅ Bio protocol pros:

• Pioneering concept, design, and utility of the product, potentially with a value in the real sector of the economy;
• Listing and IEO on Binance;
• Relatively low annual token inflation rate (around 18%);
• Decent Initial Market Cap (28%);
• Reasonable Fully Diluted Valuation as for a project launched by Binance  ($219M);
• The presence of a security audit from Pashov Group;
• Above the average SMM, SEO, and PR scores;
• Binance-labs backed;
• Decent network of ecosystem partners, supporting the project;
• The team already has experience in the niche while the company’s CEO previously worked at ConsenSys.

❌ Bio protocol cons: 

• Quite a big share of tokens have been allocated for sale (36.6% including Binance IEO);
• No security audits and bug bounty programs from the top tier companies like CertiK or Quantstamp;
• Below the average Marketing Infrastructure, Growth Marketing, and Influencer Marketing scores;
• No top-tier ecosystem members found;
• Small network of funds that invested into the project;

The general amount of funds raised via Genesis sale doesn’t match with info regarding specific rounds.