BioXP
What is BioXP?
BioXP is a non-transferable points system designed to reward your contributions and engagement within the Bio Protocol ecosystem. Think of it as a measure of your reputation and activity—the more you participate, the more BioXP you accumulate.
How to get BioXP?
You can earn BioXP through a variety of actions that help grow and strengthen the ecosystem:
Staking: Stake your BIO or other assets to earn BioXP over time.
Community Participation: Get rewarded for being an active, helpful member of the community on platforms like Discord and Twitter.
How to use BioXP?
While BioXP itself is not a token and cannot be traded, it unlocks exclusive benefits and opportunities:
Airdrop Eligibility: Holding BioXP can make you eligible for future airdrops of valuable tokens.
Priority Access: Gain priority access to new project launches and exclusive events.
Enhanced Reputation: A high BioXP score signals your commitment and expertise within the community.
BioXP Issuance Equations
The number of BioXP points you earn is calculated daily based on a combination of factors. While the exact formulas are subject to refinement through governance, the following principles guide the issuance for each category.
1. Staking BIO
Staking BIO is the most straightforward way to earn BioXP. The amount you earn is proportional to your veBIO balance, which is determined by both the amount of BIO you stake and the duration of your lock-up period.
Your BioXP from Staking BIO ∝ Your veBIO Balance
2. Staking Bio Ecosystem Assets
To incentivize support for the entire ecosystem, staking tokens from other projects (like agents, IPTs, and DAOs) yields a greater share of BioXP emissions than staking $BIO alone. The calculation for each asset will likely consider factors such as the asset's market value and its strategic importance to the ecosystem.
3. Yapping (Social Engagement)
Engaging with and creating content about the Bio Protocol or ecosystem projects (e.g., BioDAOs or BioAgents) on social media platforms like X (formerly Twitter) can also earn you BioXP. This is designed to reward community members who help grow awareness and educate others. The issuance will be based on the quality and reach of your content, with a "DeSci Score" acting as a multiplier on your earnings.
4. Other Ways to Earn BioXP
The protocol may introduce other ways to earn BioXP over time, including:
Retroactive Rewards: To reward early and long-standing community members, a significant portion of the initial BioXP supply will be distributed retroactively based on past actions like participating in auctions or curating projects.
Completing Bounties: The protocol may offer BioXP for completing specific tasks or bounties that help the ecosystem.
Last updated