🧐 Research Report | CZ's Attention, Binance Labs' First Investment in DeSci — Comprehensive Analysis and Launch Price Estimation of Binance Launchpool's 63rd Project @bioprotocol!
On November 8, Binance announced its investment in BIO;
There has always been a perception that DeSci is a new narrative, but due to the novelty, vastness, and time required for the life sciences narrative to take shape, most people are just waiting for a surge in BIO-related memes.
Unexpectedly, a series of statements and activities from Binance, CZ, and Vitalik have long hinted to us —
Binance Launchpool has launched its 63rd project @bioprotocol. Congratulations to those who participated in the presale; you’ve hit the jackpot!
For those holding BNB and FUSD, don’t forget to deposit them into Launchpool for mining; there are still 8 days left.
🚨 This article mainly analyzes —
What kind of project is BIO Protocol
The special advantages and competitiveness of BIO Protocol
The token model of BIO Protocol
How to estimate the launch price
1️⃣ BIO Protocol: The On-Chain Scientific Version of Y Combinator —
With the global increase in life expectancy and declining birth rates, many countries are facing severe aging population issues. Improving the health of the elderly and slowing the aging process has become key to longevity research and the significance of the DeSci track.
BIO Protocol is a decentralized science (DeSci) project funded in collaboration with VitaDAO and the University of Copenhagen. The team is likely incubated by VitaDAO itself.
BIO Protocol is regarded as the "on-chain scientific version of Y Combinator," utilizing this platform for scientists, patients, and investors to co-fund and develop new scientific research and drugs through a DAO (Decentralized Autonomous Organization), providing a more efficient, transparent, and fair funding, collaboration, and outcome transformation mechanism for scientific research, breaking the centralized model of traditional scientific research and the bottleneck of traditional research funding.
According to information from the official website, there are currently 7 sub-DAOs successfully launched, with 3 more in progress, raising a total of $30.3 million and deploying $7.2 million in research funds, indicating the active presence of hot money in the field that CZ and Vitalik are both focusing on!
This time, the listing of BIO has also triggered a wave of wealth creation effects in DeSci.
2️⃣ The Special Advantages and Competitiveness of BIO Protocol —
BIO Protocol stands out in the DeSci track mainly due to its innovative technical architecture, clear market positioning, and unique competitive advantages —
Funding and Resource Support: Backed by Binance Labs, ensuring project incubation funding and resource support, which is very unique in the DeSci track.
Diversity of Ecosystem: Currently, BIO Protocol has launched multiple different scientific communities (BioDAOs), covering various fields including longevity, women's health, and neurodegenerative diseases, providing extensive research support.
IP-NFT Technology: BIO Protocol uses IP-NFT to manage the intellectual property of biotechnology, allowing scientific achievements to be converted into digital assets, jointly owned and managed by DAO members, which is an innovation in DeSci.
Community Participation and Transparency: Through community-driven and transparent governance structures, the project becomes more inclusive and democratic, attracting more scientists, patients, and investors to participate.
3️⃣ The Token Model of BIO Protocol —
$BIO is the native token of BIO Protocol, with the main uses being:
① Governance Token: The BIO token grants holders the right to govern the platform, allowing users to participate in important decisions such as platform protocol upgrades and ecosystem fund allocation.
② Incentive Mechanism: The BIO token serves as an incentive tool within the platform, rewarding users who provide data, technology, or funding support. For example, patients and researchers sharing data will receive BIO token rewards based on the value of their contributions.
③ Transactions and Discounts: The BIO token can be used for various transactions within the platform (such as data exchange, research funding, etc.), enjoying discounts on health products or services, such as using tokens for discounts when purchasing related research products or using specific research services.
④ Resource Allocation and Screening: Used for the curation system, combining community voting with professional evaluation through a token staking mechanism to screen high-quality biotechnology projects, determining which projects can receive funding, resources, and support from BIO Protocol.
Token Name: BIO Protocol (BIO)
Initial Circulation: 1,296,529,168 BIO (39.05% of the maximum token supply)
Total Token Supply: 3,320,000,000 BIO
Binance Launchpool Allocation: 99,600,000 BIO (3% of the total token supply)
4️⃣ Launch Price Estimation —
According to whale data, the current OTC price of $BIO is 0.64u. At this price, the market cap would be 820 million, with an FDV of 2.1 billion.
Considering the innovation of BIO Protocol in the healthcare field and its debut on Binance, there is usually a certain premium space.
Therefore, the estimated opening price is reasonable between 0.5-1u, and it is not ruled out that Binance may push this first Desci investment directly to 3u, aiming for a market cap of 10 billion in extreme cases. But I feel it should be within that range; otherwise, how many people would exit the market in one wave!
Opening Time: January 3, 2025, 18:00
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