Bio Protocol: everything you need to know about BIO
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Bio Protocol facts
Abbreviation
BIO
Category
Decentralized Science (DeSci)
Founder(s)
Paul Kohlhaas
Blockchain
Ethereum and Solana.
Protocol
BIO Protocol
Launch date
2024
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What is Bio Protocol?
Bio Protocol is a blockchain-based platform that serves as the financial foundation for the DeSci movement. The aim is to accelerate the development of new medicines and therapies through decentralized autonomous organizations, also known as BioDAOs. These BioDAOs focus on specific scientific areas and bring communities together to support research and development.
How does Bio Protocol work?
The platform facilitates the establishment of BioDAOs, where communities pool resources to finance and manage biotechnological research. By tokenizing intellectual property through IP-NFTs and IPTs, participants can acquire co-ownership in scientific projects. This model promotes transparency and inclusivity in biotechnological research.
The BIO token
The BIO token is the token within the Bio Protocol ecosystem. Holders of BIO tokens can vote on which BioDAOs are supported, gain access to early funding rounds, and influence the development of the ecosystem.
The technology behind Bio Protocol.
Bio Protocol is built on both the Ethereum and Solana blockchain, providing a robust and scalable infrastructure. This dual-chain approach offers flexibility and efficiency for users and developers within the ecosystem.
The Bio Protocol ecosystem
The ecosystem includes various BioDAOs focusing on specific scientific domains, such as VitaDAO for research on extending life and AthenaDAO for health research in women. These decentralized organizations encourage collaboration and innovation within their respective fields.
€0.1107▼6.23%
Benefits of Bio Protocol
- Decentralized Financing: Allows for mobilizing resources globally for biotechnological research.
- Transparency: Through the use of blockchain technology, the progress and financing of projects becomes transparent.
Disadvantages of Bio Protocol.
- Adoption challenges: Convincing traditional scientific communities to transition to a decentralized model can take time and effort.
Who is the founder of Bio Protocol?
Paul Kohlhaas is the founder and CEO of Bio Protocol. He is also a co-founder of Molecule and VitaDAO, with a background in both blockchain technology and biotechnological research.
Expectations for the near future.
Experts expect a minimum price of €0.3500 in 2027 and a minimum price of €1.1400 in 2032.
Bio Protocol price in the last 24 hours
View all key statistics of the past 24 hours here.
€0.1147
€0.1287
€0.1097
Market information
Use these figures to get a better picture of the Bio Protocol market.
€29 million
€185.2 million
1.6 billion
€0.8633
Bio Protocol Return On Investment
See how much the price has risen or fallen over the years.
Historical Bio Protocol price
Here you can see Bio Protocol's daily prices, trading volume and market cap. Looking for a specific date? You can fill in the range all you want. Maybe you'll spot the one trend!
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Frequently asked questions
Bio Protocol doesn't have a fixed value because the exchange rate is always in motion. Whenever you get distracted or even blink, it has already changed. Right now, the value of Bio Protocol is €0.1107.
You can easily buy Bio Protocol on BLOX! Quickly download the app, and within two minutes, you'll have your own crypto portfolio with Bio Protocol and your other favorite coins.
So much is happening in the crypto market that it's sometimes difficult to stay continuously informed. That's why we've already taken a look at the expectations for you. According to experts, the value of BIO is expected to continue rising steadily in the coming years. For instance, the price of Bio Protocol is predicted to reach €0.3000.
We don't have a crystal ball either, so it's up to you to decide whether you want to invest in BIO. We can only recommend once again that you thoroughly research the market and only invest what you're willing to lose.
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