Tokenization
Decentralized Biotech Network Launching BIO Tokens
Monday. September 30 at 11:30 PM
1 min. readThe Swiss nonprofit BIO Association is preparing to introduce BIO tokens for its decentralized biotech network, BIO Protocol. The association aims to merge biotechnology with crypto by creating a platform for on-chain science communities. Through BioDAOs, community-led organizations will develop and fund scientific intellectual property. The BIO Network currently hosts eight scientific communities focusing on various areas. The platform raised over $5 million through an auction and plans to launch tokens transparently. Users can acquire BIO tokens using ETH or other DAO tokens within the network. The mainnet launch will be on Ethereum, allowing token holders to vote on new BioDAOs and access science-focused funding. Notable early token holders include ZeePrime Capital, Beaker DAO, and Compound. Ethereum co-founder Vitalik Buterin suggests criteria for project alignment with Ethereum's vision. SEC Chair Gary Gensler reaffirms Bitcoin's non-security status amidst industry scrutiny. Disclaimer: Content is not investment advice, and trading cryptocurrencies carries risks.