Launcher

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.

The Ignition Sale

Projects are launched through a sale in which the token price is set from the beginning and all participants receive the same price, allowing for a predictable and fair distribution.

Key Mechanics:

  • Denomination: All sales are denominated in USDC.

  • Raise Goal: A launch is only successful if the total amount of USDC committed by the community meets or exceeds the predefined raise goal. If the goal is not met, all committed funds and points are returned to the users.

  • Duration: Sales run for a fixed period, typically 1-3 days.

How to Participate

To participate in a launch, users need to perform two actions:

  1. Pledge BioXP: You must spend your accumulated BioXP ("Bio Experiment Points") to secure the right to an allocation.

  2. Commit USDC: You must commit the amount of USDC you wish to invest in the project.

Your final allocation is determined by the number of BioXP you pledge relative to the total BioXP pledged by all other participants in a given Ignition Sale.

Oversubscription & Allocation

It is common for launches to be oversubscribed, meaning the community commits more USDC 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 1% of the total token supply during the Ignition Sale.

  • Refunds: If you commit more USDC than your final allocation allows, the excess USDC will be returned to you.

Launch Outcomes

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 USDC 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 USDC is automatically paired with $Token to form an initial liquidity pool on a supported AMM. Users may claim their $Token allocation via the Bio 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 USDC not applied toward the final allocation shall be manually claimable by the user via the Bio Platform.

Vesting & Staking

  • Ignition Sale participants receive 20% of their tokens liquid at the time of the Token Generation Event (TGE), while the remaining 80% vests linearly over the next 30 days.

  • Staking of newly launched tokens becomes available shortly after the TGE and earns a higher number of BioXP in the token's first 60 days live post-TGE via the New Token Multiplier.

Limit-Sell Fundraising

Projects unlock funding as they achieve market traction around valuation targets.

  • A percentage of each project’s token supply is reserved to be sold gradually as the project’s market value grows.

  • Sales are made via transparent DEX limit orders once the project’s valuation remains above certain FDV thresholds, continuing to sell incrementally as the token achieves higher valuation milestones.

Assets Types

The Bio Launcher supports Ignition Sales for different asset types in the Bio ecosystem, including: IP Tokens, BioAgents and BioDAOs

IP Tokens are often generated and overseen by a BioAgent or BioDAO that can retain a % of the IP-Token supply, passing value back to the community.

Related Information

Earning BioXP:

Participating in Launches:

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