Launch BioDAO
Last updated
Last updated
The BioDAO lifecycle is divided into distinct phases, each with clear milestones, expected deliverables, and available resources. While the path may vary slightly depending on your domain or team composition, this guide offers a comprehensive foundation to help you launch and grow a successful BioDAO.
A BioDAO is a community-owned, mission-driven organization dedicated to advancing a specific area of scientific or medical research. By pooling resources, data, and expertise, BioDAOs can fund novel research, create shared ownership of the resulting IP, and accelerate the journey from discovery to real-world impact.
Launching a BioDAO is for anyone who wants to build a sustainable, community-owned research network, including:
Patient Advocacy Groups: Who want to take a more active role in funding research for their conditions.
Scientists & Researchers: Who want to build a dedicated community around their field of study.
Community Leaders & Builders: Who want to create a new, decentralized organization to tackle a specific scientific challenge.
By launching a BioDAO on the Bio Protocol, you can:
Raise Funds Efficiently: Use a token sale to raise capital and build a treasury to fund research.
Democratize Ownership: Create a system where community members have a real stake in the research they support.
Leverage a Global Community: Tap into a diverse, global network of patients, researchers, and builders who are aligned with your mission.
The first step to launching your BioDAO is to build your community and establish your scientific credibility using the BioDAO Portal. The Portal is an AI-powered platform that guides you through a structured journey to create a launch-ready community.
The journey covers key milestones, including:
Minting your project's identity onchain via NFTs.
Setting up your community on Discord.
Growing an engaged scientific community.
Establishing a public presence on Twitter.
Articulating your long-term vision.
The Portal is designed to build a strong foundation for your BioDAO, from initial idea to a fully-fledged community ready for fundraising.
For a detailed walkthrough of the portal process, see the **Portal Documentation**.
This phase is about building momentum, getting selected for a launch, and preparing all the components for your token sale. This covers the Arena, Curation, and Pre-Fundraising phases.
Once your mission is clear, you need to build a compelling narrative around it. This is about telling your story in a way that resonates with potential community members and funders. This is a key part of the Arena phase, where you build your page on the Bio Launchpad and generate traction.
Your whitepaper is a key document that outlines your BioDAO's mission, governance, tokenomics, and roadmap. Clear and comprehensive documentation is essential for building trust and attracting informed participants.
During the Pre-Fundraising phase, you will finalize the design of your token. This includes its utility, distribution, and vesting schedule. Well-designed tokenomics are crucial for creating a sustainable ecosystem and aligning incentives for all participants.
With your narrative and documentation in place, focus on growing your community. Engage with potential members on social media, host community calls, and build partnerships. A strong community is your biggest asset. This is crucial for both the Arena and Curation phases, where community support can make or break your launch.
Also part of the Pre-Fundraising phase is preparing the legal and compliance framework for your DAO. This may involve setting up a legal entity and ensuring your token launch complies with relevant regulations.
This is when your BioDAO goes live. This covers the Fundraising and Token Generation Event (TGE) phases of the lifecycle. The goal is to raise capital, distribute your token, and officially launch your DAO onchain.
During the Fundraising phase, you will configure the parameters of your token sale. This includes setting the price, the sale duration, and the amount of tokens to be sold.
Your token will be launched via a sale on the open market, enabling aligned capital and community contributors to participate transparently. This is your main fundraising event.
Following the sale, the TGE phase begins. This is where you launch the token onchain, distribute it to contributors, and initiate the DAO's governance mechanisms. A key step is creating a liquidity pool on a decentralized exchange to enable trading.
Launching is just the beginning. Now the real work starts: funding research and delivering on your mission. This covers the Scientific R&D Kickoff and Asset Lifecycle & IP phases.
With a newly funded treasury, you must manage it responsibly to fund your research roadmap. This involves setting budgets, making grants, and providing transparency to your community.
Your token holders are now your co-owners. Keep them engaged through regular updates, community calls, and governance proposals. Empower them to contribute to the DAO's success.
As you begin your scientific work, it's vital to report on your progress. This includes sharing research updates, key findings, and any resulting intellectual property. This corresponds to the Scientific R&D Kickoff and Asset Lifecycle & IP phases, where you publish results and manage downstream collaborations.