COINOTAG reported on November 10th that the DeSci initiative, BIO Protocol, has introduced a significant governance proposal dubbed “Genesis Round 2.5.” This proposal seeks to extend the ongoing BIO Genesis auction by reallocating unused BIO tokens from a previous auction, known as the HAIR auction. The upcoming auction will feature various assets including ETH, VITA, NEURON, ATH, RSC, GROW, and CRYO. Today’s voting is set to conclude at 14:00 (UTC+8) with immediate results expected.
On November 8th, Binance Labs announced its venture into DeSci by investing in the BIO Protocol, with the financial details remaining undisclosed. This initiative marks a pivotal point for Binance Labs as it diversifies into the realm of scientific funding. The BIO Protocol intends to leverage blockchain technology to revolutionize the funding and commercialization processes in early-stage scientific research, making it possible for global stakeholders—including scientists, patients, and investors—to collaboratively fund and develop new therapeutics.
Source: https://en.coinotag.com/breakingnews/bio-protocol-proposes-genesis-round-2-5-governance-vote-to-unlock-new-auction-opportunities/