Currently, the highest multiple of private placement participation in BIO has reached 92 times, while the lowest in public offerings is nearly 15 times. According to Binance's research report, the BIO Protocol has raised a total of $30.2 million through public and private placements. There were two rounds of private placements, raising a total of $2.3 million, with valuations of $35 million and $69 million respectively; and three rounds of public offerings (the BIO Genesis auction), raising a total of $27.9 million, with valuations of $85 million, $142 million, and $219 million in the three rounds.

Introduction to BIO

The BIO protocol is the financial layer of DeSci, aimed at accelerating the inflow of capital and talent into on-chain science. It creates shared intellectual property ownership among members. BIO DAO can raise funds using the auction contracts of the BIO protocol, directly using the funds for research projects, IP assets, and other biotechnology organizations.

BIO is the 'leader' in the DeSci field. DeSci is an abbreviation for decentralized science, representing a concept of reconstructing scientific research, data sharing, and knowledge dissemination through blockchain and decentralized technology. The core goal of DeSci is to break the centralized structure in traditional scientific research, especially in funding management, data storage, and publication processes, reducing the role of intermediaries, and allowing scientific achievements to be distributed and shared more fairly.

Firstly, the DeSci track is a trillion-dollar level track, why is that?

China ranks second in the world with approximately $458.5 billion in research funding in 2023.

The United States ranks first, but from the news, it only has data from 2022, which is $713.2 billion, consistently in first place.

Every country has its own development path, and almost all scientific research revolves around solving its own problems.

But from the funding perspective, it can be seen how much attention is given to this track!

The highlight of the BIO protocol, in my opinion, is that it is born around solving the core needs of all humanity.

Moreover, through the characteristics of the internet and blockchain, it addresses issues such as information asymmetry, lack of concentration in scientific research, unclear research objectives, and insufficient economic incentives.

This is a good thing, for example, researching longevity, breaking through various diseases—these are real concerns for us ordinary people.

How good Mars is, how amazing space exploration is, has little to do with us ordinary people.

Absolute advantage of BIO

The narrative ceiling is high enough.

Strong resources and background.

Core data such as TVL have exploded.

Star scientific projects in the ecosystem are continuously growing.

This is the current state of BIO, possessing the characteristics of a leader in the DeSci track, belonging to a tier apart in the same track.