Binance-backed BIO Protocol Proposes New Plan for BIO Genesis Auction Extension

BlockBeats News, November 10th, the DeSci project BIO Protocol announced a new governance proposal "Genesis Round 2.5," proposing a new round of extension for the BIO Genesis auction. Unused BIO tokens from the HAIR auction will be used to initiate a new auction: ETH, VITA, NEURON, ATH, RSC, GROW, CRYO. The voting will expire today at 14:00 (UTC+8), and if approved, the auction will start shortly thereafter.

BlockBeats previously reported that on November 8th, Binance Labs announced an investment in the DeSci project BIO Protocol, with the investment amount undisclosed. This investment marks Binance Labs' first investment in the DeSci field. BIO Protocol aims to use blockchain technology to change the financing and commercialization of early-stage scientific research. Its platform enables global scientists, patients, and investors to fund, develop, and co-own new drugs through biotech DAO, addressing gaps in traditional scientific funding, especially in areas such as rare diseases, longevity, and emerging health challenges.