Bio Protocol aims to fund and coordinate early-stage biotech/drug development using a crypto-native model (often described as BioDAOs). The idea is that communities can pool capital, support specific research directions, and participate in ecosystem governance.
2) What the $BIO token is used for
Typical BIO token utility (project-dependent, and may evolve):
Governance: voting/signaling on ecosystem proposals and BioDAO directions
Ecosystem access/incentives: potential participation in ecosystem programs, grants, or whitelisted opportunities
Coordination layer: aligning stakeholders (research, patients, funders) around biotech projects
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