Launcher
Last updated
Last updated
The Bio Protocol V2 launcher uses the Ignition Sale to introduce new projects to the ecosystem. This model is designed to be transparent, community-driven, and to bootstrap a healthy secondary market from day one.
Instead of a traditional auction, projects are launched through a sale where the token price is set from the beginning, allowing for a predictable and fair distribution.
Key Mechanics:
Denomination: All sales are denominated in BIO.
Raise Goal: A launch is only successful if the total amount of BIO committed by the community meets or exceeds the predefined raise goal. For a typical agent launch, the goal is approximately 1.025M BIO or $77k. If the goal is not met, all committed funds and points are returned to the users.
Duration: Sales run for a fixed period, typically 2-3 days.
To participate in a launch, users need to perform two actions:
Pledge BioXP: You must spend your accumulated BioXP ("Bio Experiment Points") to secure the right to an allocation.
Commit BIO: You must commit the amount of BIO you wish to invest in the project.
Your final allocation is determined by the number of BioXP you pledge relative to the total points pledged by all other participants.
It is common for launches to be oversubscribed, meaning the community commits more BIO than the target raise amount. In this scenario, your final allocation is calculated pro-rata based on the BioXP points you pledged, up to a maximum cap.
The final allocation is determined by the following formula:
user_allocation = min((user_points / total_points_pledged) * tokens_for_sale, 0.005 * tokens_for_sale)
Where:
user_points is the amount of BioXP you pledged.
total_points_pledged is the total BioXP pledged by all participants.
tokens_for_sale is the total number of tokens available in the launch.
Important Considerations:
Max Allocation: To ensure broad participation, a single user cannot purchase more than 0.5% of the total token supply.
Refunds: If you commit more BIO than your final allocation allows, the excess BIO and any unused BioXP will be returned to you.
The outcome of each token launch shall be determined based on the amount of BIO contributed by participants relative to the stated funding target:
Underfunded Launch (< 100% of target): The launch is deemed unsuccessful. Users may manually claim their committed BIO and pledged BioXP via the Platform. No tokens are issued, and no liquidity pool is created.
Fully Funded Launch (= 100% of target): The launch is deemed successful. All contributed BIO is automatically paired with $Token to form an initial liquidity pool on a supported AMM. Users may claim their $Token allocation via the Platform.
Oversubscribed Launch (> 100% of target): Token allocations are distributed pro rata based on the amount of BioXP pledged by each user relative to total BioXP pledged in the sale. Any excess BIO or unutilized BioXP not applied toward the final allocation shall be manually claimable by the user via the Platform.
This model is particularly well-suited for launching smaller projects like BioAgents. The following is a typical token distribution for a small fundraise.
Public Sale
37.5%
Sold to the community to raise initial funds.
Initial Liquidity
12.5%
Paired with the funds from the sale to create the LP.
Project Treasury
38.0%
Funds for future development, controlled by the project.
Dev/Team
10.0%
Reserved for the core contributors.
Bio Protocol
2.0%
A stake for the protocol treasury.
In this example, all funds raised from the public sale are immediately used to create a deep and healthy liquidity pool, which is the engine for the project's long-term, sustainable funding. The initial FDV for a launch like this is typically around $205k.
Participation Requirements:
BioXP Points System - Complete guide to earning and using BioXP points
About BIO, veBIO and BioXP - Overview of all tokens needed for participation
BIO Token Guide - How to acquire BIO for launches
Earning BioXP:
Staking & veBIO Overview - Primary way to earn BioXP through staking
Staking BIO - Stake BIO for veBIO and BioXP
Staking Other Assets - High-yield BioXP earning strategy
Participating in Launches:
Join Launches - Complete guide to launch participation
Fund Guide - Step-by-step funding walkthrough
Launchpad FAQ - Common questions about the launcher and allocations