Get Ready for BIO Genesis Round 2
Following BIO's $6.2m bootstrapping event in August, it’s time to prepare for the second round of BIO Genesis — your chance to get BIO tokens early and help shape the future of the BIO Network.
Following Round One of BIO Genesis, it's time to look forward to Round Two as we build momentum (and liquidity) for onchain science.
BIO Genesis is designed to distribute ownership of BIO tokens to the public and bootstrap the network prior to the protocol going live on Mainnet and the BIO token becoming transferrable. Think of BIO Genesis as a pre-Mainnet token generation event (TGE) where you can get in early and help shape the future of the BIO Network.
BIO Genesis 1, which took place in August, raised roughly $6.22m worth of BioDAO tokens for the BIO Treasury, with nearly 1,000 total BIO token holders reached at the conclusion of the event. A breakdown of current BIO Treasury holdings, based on current prices, can be found here.
BIO Genesis 2 is now on the horizon.
What’s New with Genesis 2?
The structure of BIO Genesis 2 has officially passed voting in governance. Genesis 2 follows similar mechanics (detailed below), with a key update: in addition to accepting BioDAO tokens, you can also use ETH to participate.
As laid out in previous governance discussions, BioDAO tokens and ETH raised through Genesis create a diversified treasury for providing liquidity to the network's underlying DAOs and tokenized IP, while generating value for the protocol to support network activities, like funding new IP and bio/acc rewards.
