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Information about "Bio Protocol"
BIO Protocol serves as a platform where scientists, patients, and investors worldwide can come together to collaboratively finance, create, and share ownership of new medications and treatments. This network operates through Biotech Decentralized Autonomous Organizations (BioDAOs). The protocol's groundbreaking strategy targets significant shortcomings in conventional scientific funding systems, especially in fields like rare disease research, longevity studies, and new health issues.
The BIO token plays a pivotal role in the decentralized science economy. It acts as a governance token, enabling holders to express their support for particular BioDAOs and secure exclusive access to their initial fundraising phases.
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