TechFlow reports that decentralized biotechnology protocol BIO Protocol announced on August 20 the successful completion of its Genesis auction, raising $6.22 million in its first funding round—surpassing its initial target of approximately $5 million.
Participants in this initial round can now begin claiming their $BIO tokens, with 50% immediately available and the remaining 50% linearly unlocked over one year (referred to as vBIO).
Notably, BIO's fundraising amount accounts for more than half of the total publicly disclosed sales volume ($11.81 million) across the entire month of August. BIO Protocol also stated plans to launch a new funding round.
Add to Favorites
Share to Social Media
