BioXP

BioXP is a points system designed to reward active and aligned members of the Bio Protocol community. It serves as the primary mechanism for gaining access to allocations in new project launches on our platform.

How to Earn BioXP

You can earn BioXP by performing a variety of actions that support the growth and health of the ecosystem.

Points are calculated and distributed daily. There are two types of points you can earn:

• Automatic Points: Distributed daily for staking BIO and yapping.

• Claimable Points: Must be manually claimed daily and are earned by staking other ecosystem assets.

Here are the primary ways to earn BioXP:

• Staking:

  • Stake BIO to earn veBIO and receive a steady stream of BioXP.

  • Stake other ecosystem tokens (from projects like agents, IPTs, and DAOs) to earn an even greater share of the daily BioXP emissions.

• Social Engagement ("Yapping"):

  • Connect your X (formerly Twitter) account to your profile.

  • Earn points for engaging with and creating content about the Bio Protocol and its ecosystem projects.

• The DeSci Score:

  • Your DeSci Score acts as a multiplier on the points you earn.

  • You can increase your score through positive-sum actions like:

    • Net buying BIO or other ecosystem assets on the open market.

    • Participating in onchain governance.

    • Participating in past and upcoming sales on Bio's launchpad.

Using BioXP in Launches

The primary utility of BioXP is to secure an allocation in a project's Ignition Sale.

• Pledge to Participate: To participate in a launch, you must pledge a certain amount of your BioXP.

• Pro-Rata Allocation: Your final allocation is determined by the percentage of the total pledged BioXP that you contributed. The more points you pledge, the larger your potential allocation.

BioXP points expire 14 days after they are issued. This encourages active and ongoing participation in the ecosystem.

Penalties for Flipping

Bio Protocol V2 is designed to encourage long-term alignment, not short-term flipping.

If you are allocated tokens in a launch and sell a majority of them within the first three weeks, your ability to earn new BioXP will be paused for the following three weeks. This mechanism is designed to reward committed, long-term supporters of new projects.

Retroactive Rewards

To reward our early and long-standing community members, a significant portion of the initial BioXP supply will be distributed retroactively. These rewards will be based on past actions, including:

• Participating in the Genesis Auction.

• Participating in past project auctions.

• Curating projects in V1.

• Bio Ecosystem governance participation.

These retroactive points will be fully available for the first V2 launch and will begin to expire one month after.