TL; DR
- Ignition Sales: Bio V2 introduces low-cap, high-velocity raises for new BioAgents, IP-Tokens and BioDAOs.
- BioXP: Earn points for staking, ecosystem participation and social engagement. Points determine access to Ignition sales.
- Staking BIO & Ecosystem Tokens: Stake BIO and ecosystem tokens (BioAgents, BioDAOs, and IP-Tokens) to earn BioXP.
- Retroactive BioXP: To reward those who have been supporting Bio and DeSci for a while, a one-time retroactive distribution of BioXP is awarded to past contributors.
You can now start staking on Bio and earning BioXP to qualify for allocations in the first BioAgent sale, launching in August!
→ Start earning BioXP in the Bio App today!
Traction Over Hype
True scientific acceleration happens when biotech, AI and crypto converge - the bio/acc trinity - fueling decentralized networks that compress drug development from decades to months.
The first version of Bio Protocol enabled large, one-time fundraising events for our network of decentralized research communities (BioDAOs). While this approach helped bootstrap the ecosystem, it often resulted in unrealistic valuations out of the gate and misaligned incentives.
Motivated by these insights, Bio V2 introduces a new model designed for smaller, experimental launches that reward traction over hype, along with new ways for users to earn and accelerate the next era of scientific innovation onchain.
- Smaller, Ongoing Funding: Funding shifts from large, one-off sales to smaller, incremental raises that grow with community traction and scientific progress.
- Stronger Community Ties: Sale allocations require BioXP, aligning token distribution with active ecosystem contribution.
- Automation with Agentic AI: Integration of AI-driven agents (BioAgents) lower overhead and create automated research loops.
- Long-Term Alignment: Encourage holding and participating through rewards (points, staking yields, governance power) and disincentivize short-term flipping.
Bio V2 aims to increase velocity and sustainability, enabling rapid launches with minimal initial capital, while providing agentic infrastructure for projects to accelerate science and continuously fund themselves through market activity. The end goal is a thriving onchain biotech ecosystem where incentives between researchers, token holders and the broader Bio community are tightly aligned.
Here's how the shift to Bio V2 will roll out in the coming weeks and months.
What's Coming
- July 31: Retroactive BioXP claimable and BioXP earning commences
- August: First BioAgent launch on Base
- August-September: Continuous roll-out of new BioAgents, IP-Tokens & BioDAOs
- September+: Expansion to Solana & Ethereum Mainnet
Note: Initial deployment of Bio V2 will be on the Base, with Ethereum and Solana deployments launching soon. Meaning, users will need to bridge their BIO tokens to Base, or acquire BIO on Base, in order to participate in the new system.
Below we'll dive deeper into the proposed design of Bio V2, including Ignition Sales, BioXP and Staking.
Bio V2 Details
1. Ignition Sales
Bio Protocol introduces Ignition sales, denominated in BIO, for new BioAgents, BioDAOs, IP-Tokens.
Key launch mechanics:
- Low-Cap: Initial BioAgent launches will target a raise goal of $77K (in BIO) for 37.5% of the initial supply, valuing the project at ~$205k FDV.
- Fixed-Price: Each sale sets a predetermined token price and a modest raise cap. All participants who secure an allocation pay the same price per token.
- BioXP + BIO Pledging: Participants pledge BioXP and BIO tokens to vie for an allocation in the sale. If the raise goal isn’t met within its duration (typically 2-3 days), BioXP and BIO are returned to users. The share of points you contribute (relative to all participants’ points) determines the fraction of the sale you're allocated (up to the per-user cap).
- Individual Allocation Cap: To ensure broad participation, each user is limited to purchasing at most 0.5% of the total token supply.
- Liquidity Engine: 100% of raised funds (BIO tokens) seed the project’s liquidity pool, paired with 12.5% of token supply. Token trades incur 1% fee: 70% to the project for research funding, 30% to Bio Protocol. For initial BioAgent launches, the token can list on the AMM at an implied FDV of $615K (3X the sale FDV).
- Sample Allocation: Projects may use a template (e.g., 37.5% Sale, 12.5% LP, 18% Treasury, 10% Team, 20% DAO, 2% Bio Protocol) or adjust as needed.
More details in the Bio V2 docs
2. BioXP – Points-Based Engagement Layer
BioXP ("Bio Experiment Points") is a new rewards system introduced in Bio Protocol V2. It is not a transferable token, but rather a reputation/loyalty point that is earned through positive-sum activities in the Bio ecosystem.
Ignition sales are designed to be capped at relatively low valuations.
Earn Points by:
- Staking BIO or Ecosystem Tokens (IP-Tokens, BioAgent or BioDAO tokens)
- Participating in governance
- Yapping on social media, including engagement with or content about @bioprotocolor any project in our network.
- Participating in new launches
- Using BioXP in Launches: To participate in a project’s Ignition sale, users must pledge BioXP points and commit BIO tokens. Any unused BIO and BioXP are returned to you.
- Incentive to Hold: If a user receives an allocation in an Ignition sale and sells those new tokens within the first two weeks of trading, the user’s ability to earn new BioXP is paused for the next 21 days. This doesn’t remove your existing points, but it means you can’t earn points during the paused period.
- Point Expiration: Unused points expire after 14 days to keep the system dynamic. Note: Retroactive BioXP will only begin to expire one month after the first launch. Note: Retroactive points (explained below) will only begin to expire one month after the first launch.
- Retroactive BioXP: To reward those who have been supporting Bio and DeSci for a while, a one-time retroactive distribution of BioXP is awarded to past contributors. 50% of the initial BioXP pool is awarded retroactively across the following categories:
- Early Auction Participants (50% of retro pool): Everyone who participated in Bio V1 auctions: Quantum Biology DAO, Long Covid Labs, Curetopia, MycoDAO and SpineDAO. Higher participation correlates with more points.
- Curators (20%): Users who actively curated BioDAOs in Bio V1.
- Genesis Airdrop (10%): Active DeSci users who were eligible for the original BIO Genesis airdrop in April 2024.
- BIO Genesis Auction Participants (20%): Addresses that took part in the very first BIO Genesis sale in 2024.
3. Staking $BIO and Ecosystem Tokens
Staking is a cornerstone of Bio Protocol V2, serving two purposes: governance power and BioXP generation. Bio V2 introduces two staking systems:
- Staking BIO (to get veBIO): Inspired by Curve’s veToken model, users can stake BIO to earn BioXP and receive veBIO (vote-escrowed BIO), which confers governance power in V2 if there is sufficient adoption.
- Ecosystem Token Staking: Users can also stake Bio ecosystem project tokens (BioAgents, BioDAO tokens, IP-Tokens) as a secondary way to earn BioXP.
Staking BIO (For veBIO)
- Lock Duration: Users can lock BIO from 2 weeks to 2 years. Longer locks give more veBIO and greater potential to earn BioXP.
- No Early Exit: BIO staked for veBIO cannot be unlocked early.
- Auto MAX Renewal: Keeps your veBIO balance constant by automatically re-locking your position for the protocol's maximum period at every renewal (e.g., always resetting to a 2-year lock). This ensures your voting power and rewards remain maximized.
- Governance Power: Once veBIO gains sufficient adoption, a governance vote can take place to change the protocol's governance tokens from vBIO and BIO to veBIO. If approved, 1 veBIO would equal 1 vote in DAO proposals. Meaning, long-term stakers get more say in decisions.
Staking Ecosystem Tokens:
- Users can stake Bio ecosystem tokens (BioAgents, BioDAO tokens, IP-Tokens) to earn BioXP.
- No fixed lock; 14-day withdrawal cooldown
- Earn BioXP pro-rata to your stake size.
→ Learn more in the Bio V2 proposal. More details on the first BioAgent launches coming soon!
→ Start earning BioXP in the Bio App today!
