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Cryptocurrency News Articles

BIO Protocol Expands to Solana, Targeting Accessibility and Efficiency in Early-Stage Scientific Research

Dec 26, 2024 at 08:00 pm

BIO Protocol Expands to Solana, Targeting Accessibility and Efficiency in Early-Stage Scientific Research

A major step has been taken by The BIO Protocol, a decentralized science (DeSci) project backed by Binance Labs, in furthering its presence within the blockchain ecosystem.

Targeting Solana’s low transaction costs and high scalability, the project has proposed the integration of its BIO token into the Solana network.

The proposal includes the deployment of the token on Solana, the creation of cross-chain liquidity pools, and the allocation of an additional 1% of ecological incentive funds for cross-chain liquidity.

By expanding into Solana, the Bio Protocol aims to enhance accessibility and efficiency in supporting early-stage scientific research.

Announcing the initiative on Christmas Day, the project highlighted Solana's potential for DeSci applications.

“DeSci on Solana is inevitable. Together, let's bring the $BIO token to Solana, deploy onchain liquidity, and power consumer products that will enable scientists and patients to create and consume science in new ways,” a tweet from the project reads.

The strategic decision aligns with BIO Protocol's ongoing mission to revolutionize the funding and commercialization of scientific research.

Currently operating on Ethereum, the protocol boasts a seven-BioDAO network that spans diverse fields, including cryopreservation, women's health, and psychedelic treatments for mental health.

The integration into Solana is set to amplify the reach and impact of these community-driven scientific projects.

Furthermore, it positions the BIO token to gain wider popularity among investors and academics within the blockchain ecosystem.

The project has notably seen substantial growth since its founding, particularly following a $7 million investment by Binance Labs in November 2024.

The financial support was earmarked for DeSci funding, a cause that has also seen increasing interest and participation.

The project's立ち上げ以来の目覚ましい成長ぶりは、Binance Labs が 2024 年 11 月に実施した 700 万ドルの投資でも明らかになっています。この資金は DeSci の資金調達に充てられ、大きな関心と参加を集めています。

Original source:crypto-news-flash

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