Bio Protocol (BIO) CAD Price

Bio Protocol Price Data

Bio Protocol (BIO) currently has a price of C$0.089 and is down -4.55% over the last 24 hours. The cryptocurrency is ranked 408 with a market cap of C$156.9M. Over the last 24 hours, it saw C$33.7M of trading volume. The token has a circulating supply of 1.8B tokens out of a total supply of 3.3B tokens.

Bio Protocol is a decentralized science (“DeSci”) platform built to accelerate biotechnology research by enabling scientists, patients, and investors to collaborate, fund, and co-own scientific projects and intellectual property through on-chain governance. The native token, BIO, plays a central role in governance, funding, incentives, and liquidity across the ecosystem.

Here’s how the BIO token works and what it enables:

• Governance & Curation: Holders can stake BIO (or the vote-escrowed version, veBIO) to gain voting power over which BioDAOs are admitted, how treasury funds are allocated, and other protocol decisions.

• Funding New Projects: BIO is required to participate in “Ignition Sales” and other funding rounds for new BioDAOs. By staking or committing BIO, users can gain early access to new scientific initiatives.

• Liquidity & Market Mechanics: BIO is paired with BioDAO tokens and base assets (e.g. ETH) in liquidity pools, which helps enable lower slippage, trading, and conversion between tokens in the ecosystem. The protocol also manages liquidity for new projects so research teams can focus on science.

• Incentives & Rewards: The “bio/acc” rewards program gives BIO tokens for hitting milestones (e.g. research stages, IP development) to align incentives among scientists, backers, and the broader community.