According to BlockBeats, on August 20, decentralized biotechnology protocol BIO Protocol announced the completion of its first Genesis auction funding round, raising $6.22 million. This amount surpasses the initial target of approximately $5 million.
Investors who participated in this initial funding round can now begin claiming BIO tokens. Of the total tokens, 50% are available for immediate access, while the remaining 50% will be unlocked linearly over the course of one year, referred to as vBIO.
Notably, BIO Protocol's funding accounts for more than half of the total public sales in August 2024, which amounted to $11.81 million. The protocol also revealed plans to launch a new round of financing in the near future.