Basic Token Information
BIO is the native governance token of the Bio protocol.
Last updated
BIO is the native governance token of the Bio protocol.
Last updated
BIO on Ethereum (EVM)
BIO token contract: 0xcb1592591996765Ec0eFc1f92599A19767ee5ffA
vBIO (vesting BIO) token contract: 0x0d2ADB4Af57cdac02d553e7601456739857D2eF4
BIO token contract: 0x226A2FA2556C48245E57cd1cbA4C6c9e67077DD2
Bridge: https://bridge.bio.xyz
BIO token contract: bioJ9JTqW62MLz7UKHU69gtKhPpGi1BQhccj2kmSvUJ
Bridge: https://bridge.bio.xyz
The BIO token can be used for the following purposes:
Staking for Governance & Launch Access: Stake BIO to receive veBIO, which provides voting power on protocol upgrades and meta-governance over assets in the treasury. Staked BIO also earns BioXP points to participate in project launches.
Participating in Launches: Commit BIO to invest in new projects during their Ignition Sale.
Providing Liquidity: BIO is the primary pair asset for all project tokens, creating deep liquidity pools on decentralized exchanges (DEXs).
Accessing Automated Services: Use BIO to pay for services from ecosystem tools like BioAgents.
Ecosystem Discounts: Receive discounts on products and services offered by projects within the Bio Protocol ecosystem.
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.
The initial distribution of tokens is broken down by category below. It's important to note that this composition may change over time as the BIO network grows via future governance proposals.
Community: 56%
Community Auction: 20%
Community Airdrop: 6%
Ecosystem Incentives: 25%
Molecule Ecosystem Fund: 5%
Early Backers: 13.6%
Early Contributors: 21.2%
Advisors: 4.2%
Molecule: 5%
Unlocked supply differs from circulating supply, this is the total supply that is unlocked and can be used, but not necessarily deployed.
Given the 6 year vesting schedules of core team and investors, the following section gives a break down of the circulating supply distribution at the end of the first 3 years. This excludes any community directed inflation.
Detailed Categories
Allocation Buckets
% of Total Supply
Amount of BIO
Vesting Schedule
Description
Community Airdrop
6%
199,200,000
Public Airdrop: None / bioDAOs and genesis members: 1 yr cliff - 6yr vest
Ecosystem airdrop given to ecosystem token holders, early supporters of BIO from conception to launch, including core contributors from early ecosystem projects.
Community Auction
20%
664,000,000
50% liquid, 50% 1yr linear vest
Allocation for the initial token swaps for BIO. Example: Contributors to the BIO Genesis Auctions round 1 and 2
Ecosystem Incentives
25%
830,000,000
no vesting
Tokens reserved for ecosystem incentives. Usage and distribution depend on individual governance vote. Example: Selection and investment incentives for the BIO protocol, liquidity provisioning for certain ecosystem projects.
Core Contributors
21.2%
703,840,000
1yr cliff - 6yr vest
Core contributors working on BIO Example: BIO team members incubating new project cohorts.
Molecule Ecosystem Fund
5%
166,000,000
4yr vest
Molecule-led Ecosystem fund incentivizing initiatives focusing on research and development of IP tokenization and AI research infrastructure. Example: Projects bringing IP tokenization frameworks onto other chains, initiatives creating AI researcher agents supporting project efforts in IP discovery.
Molecule
5%
166,000,000
4yr vest
BIO governance allocation for transferring core IP, brand, and ecosystem stewardship to the Bio.xyz Association.
Investors
13.6%
451,520,000
1yr cliff - 4yr vest
Strategic investors that participated in the seed round or are shareholders within Molecule.
Advisors
4.2%
139,440,000
1yr cliff - 6yr vest
Individuals with biotech, intellectual property and tokenization experience supporting the development of protocol
Total
100%
3,320,000,000