PANews reported on December 23 that according to the official Twitter account of BIO Protocol, BIO is the native governance token of the BIO protocol, with a total supply of 3.2 billion, of which the initial circulation (excluding the protocol treasury) is 24.05%. Tokens are allocated 56% for the ecosystem and community, 25.4% for early contributors (unlocked linearly over 6 years, locked in the first year), and 18.6% for early supporters (unlocked linearly over 4 to 6 years, locked in the first year). $BIO will be gradually unlocked over the next 6 years. The Genesis Auction raised more than 33 million US dollars from the community in November, achieving 100% community ownership in the first year. Holders can participate in governance, support new BioDAO projects, and allocate network resources through tokens.
It is worth noting that the token allocation is slightly inconsistent with what Binance announced on Launchpool . Subsequently, its team members told PANews that the actual initial circulation supply was 39.05%. The previously shared 24.05% did not include BIO in the protocol treasury, which needs to be unlocked through governance voting.
