Bionomics
BIO Token Status: Non-transferrable
Total Supply: 3,320,000,000
Max Supply: Uncapped supply, to be voted on by BIO governance.
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 Token Utility
The BIO token can be used for the following purposes:
Curate BioDAOs to join the BIO protocol programs
Priority access to BioDAO token sales and IP-token sales
Discounts on BioDAO health products/services
Meta-governance in BioDAOs
Vote on BIO emissions, treasury allocation, and protocol updates
BIO Value Accrual
The BIO treasury accrues value through a variety of mechanisms, including:
Token Allocations
BIO Network provides incubated BioDAOs with a $100,000 grant in exchange for 6.9% of the BioDAO’s token supply. These token allocation accrue in the BIO Treasury, growing protocol AUM as the network underlying DAOs rise in the value. The BIO treasury can also receive allocations of bioDAO scientific IP assets.
Protocol-Owned Liquidity (POL)
The BIO treasury accrues fees and yields from its onchain liquidity in BIO tokens, BioDAO tokens, IP tokens, ETH, and other assets, building POL.
Initial Distribution
BIO Allocation at Genesis
BIO will have a total supply of 3,320,000,000 BIO at genesis, split across ten categories described in the chart and table below.
Categories
Unlocked BIO Supply Schedules
Unlocked supply differs from circulating supply, this is the total supply that is unlocked and can be used, but not necessarily deployed.
Categories
Inflation
BIO inflation plays a role in the secondary market liquidity function of the protocol, and therefore only inflates as the network of bioDAOs grow. Specific details on the inflation rate is TBD.
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