Cerebrum DAO cohort BIO allocation

Strategic Purpose: Improve incentive alignment and long-term viability of Partner bioDAOs

Target Metric: Value of non-native assets in bioDAO treasuries.

Summary

BIO (f.k.a. bio.xyz) is both a bioDAO liquidity and curation protocol as well as a network of talent, capital, and resources for bioDAOs to bring more science on chain. BIO acceleration cohorts participants will receive allocations of $BIO to help govern BIO as defined in BIOPSY-2. Cerebrum DAO has shown significant execution, on par with most of the cohort 1 DAOs, justifying this BIO allocation (2 Projects funded, $2.1M raised, $1M Genesis Launch).

$BIO allocations embody a strategic commitment to their integration with BIO. This integration will:

• Align bioDAOs closely with BIO, amplifying network effects.

• Create incentives for talent and resource sharing among bioDAOs.

• Empower bioDAOs to engage in governance of BIO.

• Enable bioDAOs to curate new BIO projects, accelerating network growth.

Specifications

In order to participate in the bio.xyz accelerator, each Cohort bioDAO’s founders contracted to issue 6.9% of the total token supply of their bioDAO’s native governance tokens to Molecule.

As CerebrumDAO has fulfilled its token delivery obligation (5,934,000,000 NEURON) to BIO it gets an allocation of 10,000,000 $BIO at $USD 0.0003 per $BIO.

Although CerebrumDAO was not part of the inaugural Cohort 1 DAO and thus faced lower initial risk in joining the bio.xyz incubator, it has demonstrated substantial traction and commitment to the ecosystem. As a result, we propose an allocation of approximately 75% (10M/13.3M) of what Cohort 1 DAOs received under BIOPSY-3. Future cohorts are expected to receive progressively smaller BIO allocations, subject to upcoming governance proposals.

This allocation is marked as a “bioDAO cohort” allocation, ratified in BIOPSY-2.

The bioDAO will be offered to exercise a Token Purchase Agreement (“TPA”) for the $BIO. The bioDAOs are restricted to use such $BIO only to (a) vote in BIO proposals and (b) provide liquidity to bioDAO-BIO and IPT-BIO token pairs and may not be sold or used otherwise for 4 years beginning on the date of receipt of the $BIO purchased with a TPA. $BIO purchased with a TPA will be 50% unlocked and 50% unlocking linearly over 2 years.