Bio Protocol Price (BIO)

Bio Protocol (BIO) Token Price Now

Bio Protocol price today is $1.74 with a 24-hour trading volume of $3,183,142. BIO price is up 1.13% in the last 24 hours. It has a circulating supply of 1.3Bil BIO tokens and a max supply of 3.32Bil.
In order to search for real-time and historical information about Bio Protocol (BIO) blockchain, including data related to blocks, transactions, addresses, and more, you may use Bio Protocol (BIO) block explorers. Here are some of the most popular and useful Bio Protocol (BIO) blockchain explorers out there:

• etherscan.io

What Is Bio Protocol(BIO)?

BIO protocol is a new financial layer for decentralized science aimed at accelerating the flow of capital and talent into onchain science.The protocol is designed to catalyze an onchain economy of scientific communities (bioDAOs) and create deep, liquid, efficient markets for scientific IP developed by bioDAOs.

What Is BIO Token?

BIO is the native governance token of the BIO protocol. BIO may be used by holders to:

• Signal which bioDAOs to support (curation)
• Vote on future BIO issuance or distribution; and
• Implement accelerator programs for the development of the network

The BIO token provides holders with access to:

• Governance rights in network bioDAOs
• Early bioDAO funding rounds
• Financial rewards for health data contributions & clinical trial participation
• New health products funded by bioDAOs

The BIO token was issued by Bio.xyz Association, a not-for-profit organization that serves as legal steward of the BIO infrastructure and treasury.

How Does Bio Protocol Work?

1. Curation (BIO Staking)

• BIO token holders participate in curating which new BioDAOs join the ecosystem, enabling a bottom-up approach to funding science. The BioDAOs that are selected by the community are then funded, added to the treasury and ultimately supported by the BIO protocol. As the BIO Protocol relies on high quality BioDAOs, curation requires locked BIO to participate, ensuring that those participating are long-term aligned with the network.
• Using vBIO (locked BIO), BIO holders will have the ability to pledge their conviction in a new DAO applicant that is presented to the BIO Protocol by "Operators" (network stakeholders who support the incubation phase of a BioDAO).
• BIO holders use vBIO tokens to pledge which BioDAOs they want accepted, and if a DAO they've pledged on is voted in, the stakers get access to whitelisted funding rounds, and privileged access to the DAO's products, data or services.

2. Funding

• If the BioDAO applicant is accepted into the BIO Network, all vBIO stakers who pledged to that BioDAO will have the ability to participate in the initial private auction - a whitelisted pre-seed round.
• Through BIO, users are thus able to support groundbreaking science from day one, on equal to or better terms than VCs or other institutions. For BioDAOs, this creates an opportunity to align a pre-established high-value scientific community to become network participants for that specific field of research.

3. Liquidity

• BioDAOs should focus on science, not managing liquidity. BIO alleviates this issue by managing bioDAO secondary market liquidity positions.
• The BIO protocol can support onchain liquidity for the BIO network using the BIO token and other token holdings in the BIO treasury.
• The BIO token can be paired in liquidity pools with BioDAO tokens (e.g., VITA/BIO, HAIR/BIO), as well as with other assets (e.g., BIO/ETH) to facilitate low-cost conversions in the network, accruing fees and building protocol-owned liquidity (POL).

4. Bio/acc Rewards

• ‍The BIO protocol can issue rewards in the form of BIO tokens ("bio/acc rewards") that incentivize bioDAOs to reach key milestones designed to increase network value (AUM).
• BIO holders might choose to use bio/acc rewards to incentivize bioDAO milestones like funding a certain value of onchain science, maintaining a certain level of token liquidity, developing IP that reaches clinical trials, or generating sales from consumer products/services.

5. Meta-Governance

• The BIO protocol will hold various BioDAO tokens in its treasury and can therefore serve as a meta-governance layer empowering BIO holders to govern a wide range of BioDAOs and scientific IP assets.

Bio Protocol (BIO) Community

• Twitter: https://twitter.com/bioprotocol
• Discord: https://discord.com/invite/YnwhX6GzWH
• Telegram: https://t.me/bio_protocol

What is Bio Protocol (BIO) Contracts address?

• Ethereum: 0xcb1592591996765ec0efc1f92599a19767ee5ffa