BIO Token
Last updated
Last updated
BIO on Ethereum (EVM)
BIO token contract:
vBIO (vesting BIO) token contract:
BIO token contract:
Bridge:
BIO token contract:
Bridge:
BIO is the native governance token of the Bio protocol. BIO may be used to:
Select which BioDAOs to onboard into the network ()
Provide liquidity to network BioDAOs
Vote on Bio Protocol upgrades and BIO token issuance
Run
The BIO token provides holders with access to:
Governance rights in the Bio protocol
Whitelists in BioDAO funding rounds
Early BioDAO token allocations
Rewards for contributing to BioDAOs & clinical trial participation
New health products developed by BioDAOs
BIO is the native governance token of the Bio protocol. The BIO token was issued by Bio.xyz Association, a not-for-profit organization that serves as legal steward of the Bio infrastructure and treasury.
BIO starting supply is 3,320,000,000 tokens. The supply is uncapped, meaning new BIO can be minted for future protocol or network growth. This requires deploying a new token contract to replace the current BIO token.
BIO allocations are in the following categories:
Genesis Airdrops: early supporters of BIO from conception to launch, including Cohort 1 bioDAOs from Molecule’s bio.xyz accelerator program and bioDAO community members.
bio/acc Incentives: Rewards to DeSci DAOs based on performance milestones set by BIO holders.
Treasury reserves: Tokens reserved for treasury.
Builders: Companies and contributors contracted to develop the BIO network.
Molecule AG & Shareholders: BIO governance allocation for transferring core IP, brand, and ecosystem stewardship to the Bio.xyz Association.
The initial distribution of tokens is broken down and defined in the table below. It's important to note that this composition will change over time as the $BIO network may grow via future governance proposals.
Allocation Name
# of BIO
% of Supply
Vesting Schedule
Category
bioGenesis Members
33,200,000
1.00%
1yr cliff - 6yr vest
Airdrop
Ecosystem Airdrop
99,600,000
3.00%
None
Airdrop
bioDAO Cohorts
66,400,000
2.00%
50% Instant - 50% 2yr linear
bio/acc
bio/acc Incentives
132,800,000
4.00%
50% Instant - 50% 2yr linear
bio/acc
bioCORE
664,000,000
20.00%
1yr cliff - 6yr vest
Team
Molecule AG
332,000,000
10.00%
4yr linear
Service Provider
MOL Shareholders
664,000,000
20.00%
1yr cliff - 6yr vest
Team
Treasury Reserves
1,328,000,000
40.00%
None
Treasury
Total
3,320,000,000
100.00%