BIOPSY-2

BIO Protocol Systematisation 2: Bionomics

Introducing Bionomics

The $BIO token was issued by Bio.xyz Association, a Zug Verein, a not-for-profit organization that serves as legal steward of the BIO infrastructure and treasury.

$BIO is the governance token for the BIO network, of the BIO.xyz DAO, and in which the Bio.xyz Association interacts with bioDAOs, DeSci, and DeFi.

$BIO may be used to signal which bioDAOs to support, vote on future $BIO issuance or distribution by Bio.xyz Association, and vote on and implement programs for the development of bioDAOs in DeSci.

Bio.xyz Association is a not-for-profit organization.

$BIO token is not redeemable for any of Bio.xyz Association’s assets, or the BIO treasury.

$BIO does not entitle its holders to receive distributions from the BIO treasury.

$BIO Distribution

The $BIO token distribution aims for long-term sustainability of the BIO network.

$BIO starting supply is 3,320,000,000 tokens.

The supply is uncapped, meaning new $BIO can be minted for future protocol or network growth. This requires deploying a new token contract to replace the current $BIO token.

Only the Bio.xyz Association has the power to mint new $BIO tokens. It can poll the BIO network holders for the purposes and amounts of such mints.

Initial $BIO Total Supply: 3,320,000,000 $BIO Max Supply: ∞

BIO allocations are in the following categories:

• Genesis Airdrops: early supporters of BIO from conception to launch, including Cohort 1 bioDAOs from Molecule’s bio.xyz accelerator program and bioDAO community members.
• bio/acc Incentives: Rewards to bioDAOs based on performance milestones set by BIO
• Treasury reserves: Tokens reserved for treasury
• Builders: Companies and contributors contracted to develop the BIO network
• Molecule AG & Shareholders: BIO governance allocation for transferring core IP, brand, and ecosystem stewardship to the Bio.xyz Association.

The initial distribution of tokens is broken down and defined in the table below. It's important to note that this composition will change over time as the $BIO network may grow via future governance proposals.

Allocation Name	# of BIO	% of Supply	Vesting Schedule	Category
bioGenesis Members	33,200,000	1.00%	1yr cliff - 6yr vest	Airdrop
Ecosystem Airdrop	99,600,000	3.00%	None	Airdrop
bioDAO Cohorts	66,400,000	2.00%	50% Instant - 50% 2yr linear	bio/acc
bio/acc Incentives	132,800,000	4.00%	50% Instant - 50% 2yr linear	bio/acc
bioCORE	664,000,000	20.00%	1yr cliff - 6yr vest	Team
Molecule AG	332,000,000	10.00%	4yr linear	Service Provider
MOL Shareholders	664,000,000	20.00%	1yr cliff - 6yr vest	Team
Treasury Reserves	1,328,000,000	40.00%	None	Treasury
Total	3,320,000,000	100.00%