The decentralized biotechnology protocol BIO Protocol has completed a financing of 11.81 million dollars

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 start claiming $BIO tokens, of which 50% will be available immediately, and the remaining 50% will be unlocked linearly over the course of a 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 has also stated plans to launch a new round of financing.