Missed a big opportunity by just one thought, review BIO’s history of blood and tears

A few days ago, Binance announced that the new Lanchpool project is BIO. Although it was expected, I still had mixed feelings in my heart.

Long before Binance officially announced its investment in BIO, I was actually paying attention to DeSci. At that time, I had a hunch that this track had great potential, but it would take a few years to explode, so I kept waiting and watching.

During that time, I read a lot of DeSci articles and realized that BIO had the opportunity to become the leader because they were building an "on-chain scientific version of Y Combinator" and the narrative was sexy enough.

So at the end of October, I shared the news about the BIO auction with a group of friends. As a result, no one knew what BIO was. The final result was a collective failure. I woke up early and rushed to the market late.

Later, Binance officially announced its investment in BIO, which was suddenly brought to the public. Coupled with the emergence of URO and RIF, the DeSci track became popular overnight. Fortunately, I ambushed these two memes at a very early stage, otherwise I would have cried to death.

After reviewing BIO, I came to the conclusion: when a certain track is still very early, don’t hesitate to rush in first and then be a friend of time; Meme is expected to become a training ground for emerging tracks. Although the risk is higher, retail investors There is a chance to eat meat.

As for BIO, it has become a fact that it is out of the ordinary. Let’s take a look at what makes this product so special.

1. “On-chain science version Y Combinator”

YC is a world-renowned technology startup incubator that has incubated a bunch of awesome technology companies. On the other hand, BIO is actually using Web3 to create another YC, using blockchain technology to conduct scientific research and funding:

Incubation function: Like YC incubating technology startups, it provides various resources for scientific research projects

Financial 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 startup companies

Innovative model: introduce 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 a 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 cumulative financing of US$30.3 million and a deployment of US$7.2 million in research funds.

Click here to view: https://app.bio.xyz/launchpad

In addition, the curation system, IP and liquidity, and incentive mechanisms are also core components of BIO. Through multiple rounds of auctions and airdrop plans, a diverse and highly involved community is built to lay the foundation for a decentralized biomedical research network.

3. Binance is the biggest “promoter”

BIO’s popularity is inseparable from the help 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 current medical research is too much and too profit-driven... I want to help fund small research laboratories. In the past few years, I’ve talked to a lot of biotech startups in this space”.

Later, cz mentioned DeSci many times and participated in related meetings, and has become the soul of the DeSci track. This will more or less influence the investment decisions of Binance Labs and pave the way for subsequent investment in BIO.

②Binance Labs capital injection

Binance Labs is the only institutional investor in BIO. This is Binance’s first investment in DeSci, which has great significance.

It is precisely because of the participation of Binance that BIO has truly come to the center of the stage and become the city's recognized leader in DeSci.

③Binance Lanchpool launches new

From the official announcement of receiving investment from Binance to the launch of Lanchpool, BIO only took more than a month, which is the first time in my mind.

What’s interesting is that Lanchpool’s mining time is as long as 10 days, releasing 3% of the total $BIO tokens. There are less than 6 days left, so remember to put BNB or FDUSD in it.