Bio V2 FAQs
Last updated
Last updated
What is the main difference between the Bio V1 and Bio V2? The new V2 launchpad shifts from a model of large, one-time fundraising rounds to a model that supports smaller, low-cap launches. The goal is to create sustainable, long-term funding for projects through secondary market trading fees, rather than relying on a large initial treasury.
What kind of projects can launch on V2? The model is optimized for smaller, more focused projects like BioAgents, early-stage research initiatives, and new IP-Tokens. While larger projects can still be accommodated, the core mechanics are designed for assets that can grow with their community.
Why a Ignition sale instead of an auction? A Ignition sale provides a more transparent and fair entry point for all community members. It prevents gas wars and ensures that all participants in the initial sale receive the same price.
What chains is the V2 Launchpad available on? The launchpad will first be made available on base. Upcoming iterations will be on Solana, Mainnet, and potentially other chains depending on ecosystem support.
What is a typical Fully Diluted Valuation (FDV) for a new project launch? While it depends, ~$200K can be used as a good approximation.
How do I get an allocation in a launch? To get an allocation, you need to pledge your BioXP and commit BIO during the Ignition sale period. Your final allocation is determined by how many BioXP you pledge relative to the total number of points pledged by all participants.
Is there a maximum allocation per person? Yes. To ensure broad and decentralized participation, a single wallet address cannot purchase more than 0.5% of the total token supply in any given launch.
What happens if a sale is oversubscribed? Your allocation is calculated pro-rata based on your share of the total BioXP pledged. If you committed more BIO than your final allocation allows for, the excess BIO and any unused BioXP will be returned to you.
Can a launch fail? What happens then? Yes, a launch fails if it does not meet its minimum raise goal by the end of the sale period. If this happens, all committed BIO and pledged BioXP are returned to the participants.
Is there a minimum amount of BIO or BioXP I need to commit to participate? No, there is not. Anyone can participate at any amount for any reason
If a whale pledges enough BioXP to get more than the 0.5% max allocation, are their excess points refunded or are they wasted? This depends on the launch. In an over subscription model, it's very possible that excess BioXP will be needed to purchase a full 0.5% of an asset's token. Unused BioXP will be returned to users after the launch.
If I only get a partial allocation due to oversubscription, does my unused BioXP get returned? Yes
What are BioXP points and what is their main purpose? BioXP is a points system that rewards on-chain and social engagement. Its primary purpose is to secure an allocation in new token launches. The more BioXP you pledge to a sale, the larger your potential purchase allocation will be.
How do I earn BioXP? You can earn BioXP through several activities:
Staking BIO to get veBIO.
Staking ecosystem tokens (Agents, DAOs, IPTs).
Engaging on social media (e.g., "Yapping on X").
Increasing your "DeSci Score" by holding ecosystem assets, participating in governance, and avoiding the quick sale of launchpad tokens.
Do my BioXP points expire? Yes. Generally, BioXP points expire 14 days after they are earned. The special retroactive points distributed to early supporters will expire one month after the first Ignition Sale on V2.
How does my BioXP pledge determine my allocation in an oversubscribed sale? Your allocation is calculated pro-rata. It’s based on the share of BioXP you pledged relative to the total BioXP pledged by all participants. For example, if you pledge 10% of the total BioXP in a sale, you are entitled to purchase up to 10% of the tokens for sale (up to the maximum cap of 0.5% of total supply per user). Unused points and committed $BIO are returned.
What is the best way to earn BioXP? While staking BIO earns you BioXP, the most effective way to earn points is by staking other ecosystem assets, such as the tokens from projects you support.
Do my BioXP points expire? Yes. To encourage active and ongoing participation, BioXP points expire 14 days after they are issued.
During the 3-week penalty for flipping, can I still spend my existing BioXP on a new launch? Yes you can. BioXP is not taken away, but new issuance is slowed (or even stopped) for a three week period hampering your ability to interact with future launches.
How is a project funded after the initial launch? Projects are funded by a continuous stream of revenue from a 1% fee on all secondary market trades. 70% of this fee goes directly to the project's treasury.
What happens if I sell my tokens right after a launch? If you receive an allocation in a launch and sell your tokens within the first three weeks, your ability to earn BioXP will be paused for the following three weeks. This is to discourage short-term flipping and reward long-term supporters.
veBIO SpecificsWhat is veBIO and how is it different from vBIO? veBIO (vote-escrowed BIO) is a new token you receive for staking BIO for a specific duration, and it represents your voting power in protocol governance. It is completely separate from vBIO (vesting BIO), which is a pure vesting token of BIO. The vBIO will remain for existing vBIO holders to claim their tokens as they unlock. vBIO cannot be turned into veBIO. Only once a user has received the underlying BIO from the vBIO, they can decide to stake that BIO to turn it into veBIO.
How is my veBIO balance calculated? Your veBIO balance is based on both the amount of BIO you stake and the remaining duration of your lock. The balance degrades linearly as your lock approaches its end if no auto-renewal is enabled.
Example: If you stake 100 $BIO for 2 years (104 weeks), you start with 100 veBIO. After one year (52 weeks), your balance will have decayed to 50 veBIO. A user who stakes 100 BIO for only 1 year will also start with 50 veBIO.
What is a vote-escrowed veToken system? A vote escrow (VE) system is a mechanism where you lock up a protocol's native token (like BIO) for a set period. In return, you receive a non-transferable "vote-escrowed" token. The longer you lock your tokens, the more veTokens you get, which translates to greater voting power in governance and, typically, a larger share of rewards.
Why do protocols like Bio use veToken models? veToken models are designed to foster a community of long-term supporters. By rewarding users who lock their tokens, the protocol discourages short-term speculation ("mercenary capital") and ensures that the most influential voters are those with a significant, long-term vested interest in the project's success.
What is "auto-renewal" and why should I use it? Auto-renewal continuously resets your lock duration. This prevents your veBIO balance from degrading over time, allowing you to maintain maximum voting power and BioXP earning potential from your staked BIO. Once you toggle it off, the decay on your veBIO balance will begin from that point.
Can I unstake my BIO before my lock-up period ends? No. Once $BIO is staked for veBIO, the tokens are locked and cannot be withdrawn until the chosen duration expires. If you would like more flexilibity, consider shorter lock durations with auto-renewal activated.
How is staking ecosystem tokens different from staking BIO? Staking ecosystem tokens (like Agent tokens) is more flexible. There is no variable lock-up duration. However, when you decide to unstake, there is a mandatory 2-week unstaking period. During these two weeks, your tokens will no longer earn BioXP, and you can only claim them back after the period is over.
Why would I stake my ecosystem tokens? Staking ecosystem tokens is expected to be the primary way to earn BioXP points, which are essential for participating in new token launches. It allows you to generate earning power from your successful investments within the Bio ecosystem.
Staking an ecosystem token does not yield veBIO Or any form of vote escrow ecosystem token.
Token Information:
BIO Token Guide - Complete guide to acquiring and using $BIO
veBIO Token Guide - Detailed veBIO mechanics and governance
BioXP Guide - How to earn and use BioXP points
Staking & Protocol:
Staking Other Assets - Alternative staking strategies for ecosystem tokens
Staking Overview - Complete staking system overview
BioXP System - Detailed points mechanics and usage
Launching & Participation:
The Launcher - How Ignition sales work
Launchpad FAQ - Common questions about participation