Swiss nonprofit BIO Association to launch BIO tokens for decentralized biotech network

The BIO Association, a Swiss nonprofit, has unveiled plans to motorboat BIO tokens up of its decentralized biotech network, BIO Protocol, according to a Sept. 30 connection shared with CryptoSlate.

The relation seeks to span the spread betwixt biotechnology and crypto done its decentralized biotech network. This level volition service arsenic a launchpad for on-chain subject communities.

In addition, it aims to democratize entree to technological probe and funding. Central to this extremity is creating BioDAOs—community-led organizations that make and concern technological intelligence property.

The BIO Association spun retired from Molecule AG, a Swiss institution specializing successful tokenization infrastructure for DeSci organizations.

Currently, the BIO Network hosts 8 technological communities focused connected longevity, women’s health, neurodegeneration, and synthetic biology. So, the inaugural tin perchance alteration the biotech manufacture by leveraging blockchain exertion and DeSci principles.

Notably, the level has raised much than $5 cardinal done an auction successful August.

BIO token

The BIO Association has committed to a just and transparent token motorboat designed to reflector large token releases. This attack highlights the community’s dedication to adjacent accidental successful the increasing DeSci space.

Once the tokens are launched, users volition beryllium capable to get BIO tokens utilizing ETH oregon different DAO tokens wrong the BIO network.

The genesis signifier volition past 45 days oregon until the BIO token reaches a afloat diluted valuation (FDV) of $100 million. After this period, the tokens volition beryllium non-transferable until a governance ballot decides otherwise.

The token’s mainnet motorboat volition hap connected Ethereum, aligning with different starring DeSci projects.

BIO token holders volition beryllium capable to ballot connected which caller BioDAOs articulation the network. Additionally, they volition summation whitelisted entree to science-focused backing from apical universities and researchers.

Meanwhile, aboriginal BIO Genesis token holders see ZeePrime Capital, Beaker DAO, Boost VC, 1kx, ID Theory, Compound, Cherry Crypto, L1D, Fifty Years, Northpond Ventures, KdT Ventures, Sora Ventures, and The LAO.

The station Swiss nonprofit BIO Association to motorboat BIO tokens for decentralized biotech network appeared archetypal connected CryptoSlate.