The decentralized biotechnology protocol BIO Protocol has completed a financing of 6.22 million USD

ChainCatcher news, the decentralized biotechnology protocol BIO Protocol announced on August 20 that it has completed a $6.22 million first round Genesis auction financing, exceeding the original target of approximately $5 million.

Currently, investors participating in the first round of financing can begin to claim $BIO tokens, of which 50% can be obtained immediately, and the remaining 50% will be unlocked linearly over one year (referred to as vBIO).

It is worth noting that this financing amount for BIO accounts for more than half of the total public sales in August this year ($11.81 million), and BIO Protocol also stated that it plans to launch a new round of financing.