A few days ago, Binance announced that the new Lanchpool project is BIO. Although it was expected, I still feel mixed emotions.
Long before Binance officially announced its investment in BIO, I had actually been paying attention to DeSci. At that time, I felt that this track had great potential, but it would take a few years to explode, so I had been watching from the sidelines.
During that time, I read a lot of DeSci articles and realized that BIO had the opportunity to become a leader because they were building a "chain science version of Y Combinator" and the narrative was sexy enough.
So at the end of October, I shared the news of the BIO auction with my group friends, but no one knew what BIO was. The end result was that everyone missed the opportunity. It was really a case of getting up early and arriving late.
Later, Binance officially announced its investment in BIO, which was pushed to the public. In addition, URO and RIF came out of nowhere, and the DeSci track became popular overnight. Fortunately, I had ambushed these two memes at a very early stage, otherwise I would have cried my heart out.
After reviewing BIO, the conclusion is: when a track is still in its very early stages, don’t hesitate, rush in first, and then be friends with time; Meme is expected to become a training ground for emerging tracks. Although the risks are relatively high, retail investors have the opportunity to make money.
As for BIO, missing out is a fact, so let's take a look at what's so special about this product.
1. “Y Combinator on the blockchain”
YC is a world-renowned technology startup incubator that has incubated a number of great technology companies. On the other hand, BIO is actually using Web3 to create another YC, using blockchain technology for scientific research and funding:
Incubation function: Like YC incubates technology startups, it provides various resources for scientific research projects.
Funding support: Through blockchain technology, BIO can more easily raise funds for scientific research projects
Community Engagement: Allowing scientists, patients and investors around the world to participate in and support research projects
Accelerate development: Help scientific research projects grow rapidly, similar to YC accelerating the development of startups
Innovative model: Introducing new scientific research funding and commercialization models to break the limitations of traditional scientific research funding
2. Four core components
The essence of BIO is the curation and liquidity protocol in the DeSci field. The core is BioDAO, which raises funds through token sales to support and develop biotechnology projects related to its mission while sharing intellectual property among members.
According to BIO’s official website, seven sub-DAOs have been successfully launched, with a total financing of US$30.3 million and US$7.2 million deployed in research funds.
Click here to view: https://app.bio.xyz/launchpad
In addition, the curation system, IPization and liquidity, and incentive mechanism are also core components of BIO. Through multiple rounds of auctions and airdrop plans, a diverse and highly engaged community is built, laying the foundation for a decentralized biomedical research network.
3. Binance is the biggest “promoter”
BIO's popularity is inseparable from the support of Binance, which is mainly reflected in the following three points:
①cz assists
As early as the first half of the year, CZ mentioned in a letter to the judge: "I feel that too much of current medical research is driven by profit... I want to help fund small research laboratories. In the past few years, I have talked with many biotechnology start-ups in this field."
Later, cz mentioned DeSci many times and participated in related meetings. He has become the soul of the DeSci track. This will more or less affect Binance Labs' investment decisions and lay the groundwork for later investment in BIO.
②Binance Labs capital injection
Binance Labs is the only institutional investor in BIO. This is also Binance’s first investment in DeSci, and the significance behind it is very significant.
It is precisely because of the participation of Binance that BIO has truly stepped to the center of the stage and become the recognized DeSci leader in the market.
③ Binance Lanchpool IPO
It took BIO just over a month from the official announcement of Binance’s investment to its launch on Lanchpool, which is the first time in my memory.
Interestingly, this Lanchpool mining period is as long as 10 days, releasing 3% of the total $BIO tokens. There are less than 6 days left, so remember to put your BNB or FDUSD in.
