The DeSci project BIO Protocol has announced a new governance proposal called “Genesis Round 2.5” and proposed a new round of extension for the BIO Genesis auction. The proposal involves using unused BIO tokens from the HAIR auction to launch new auctions for various tokens including ETH, VITA, NEURON, ATH, RSC, GROW, and CRYO.
The voting will end at 14:00 UTC+8 and the auction will begin shortly after if the proposal is passed. Binance Labs recently announced its investment in BIO Protocol, marking their first investment in the DeSci field. BIO Protocol aims to use blockchain technology to change the funding and commercialization of early-stage scientific research by enabling scientists, patients, and investors to fund, develop, and co-own new medicines through biotech DAOs.
This approach seeks to address funding gaps in traditional scientific research, particularly in areas like rare diseases, longevity, and emerging health challenges.
