Is it another rich person's game? What exactly is the Quantum Biology DAO with an average investment of $10,000?

Author: KarenZ, Foresight News

When anything becomes intertwined with quantum, it seems to be instantly imbued with a strong sense of futurism and mystery. Quantum biology is no exception.

Earlier this month, the Quantum Biology DAO raised 1,724.02 WETH in a token auction on BIO Protocol, valued at approximately $6.886 million at the time, far exceeding the original target, reaching 1,344.74% of the goal.

The auction attracted 1,032 bids, with 635 successful transactions. If we consider these successful bidding addresses as independent investors, each investor contributed an average of over 2.7 ETH (approximately $10,840 at the time). Notably, one address successfully invested as much as 71.6 ETH in a single transaction. Additionally, another investor expressed an intention to invest up to 88 ETH in one transaction; unfortunately, their bid did not meet the final transaction price, and they were unable to acquire the tokens.

So, what exactly is this "Quantum Biology DAO" with an average investment of over $10,000 per person? What mysteries and prospects does the field of quantum biology, which it aims to promote, hold?

What is Quantum Biology DAO?

According to the article "The Future of Quantum Biology" published in the Journal of the Royal Society Interface, quantum biology primarily explores processes in living organisms that cannot be accurately described by classical physics laws. Typical examples of biological processes are manifested. This also includes instances such as the transfer of electrons and/or vibrational energy, as well as the effects of magnetic fields in electron transfer and bird migration. Quantum effects are characterized by long-distance effects (such as electron and proton tunneling), temperature dependence, magnetic field effects, participation of superposition (or delocalized) states, and resonance effects. Quantum biology may also have a significant impact on many technologies, including sensing, health, environment, and information technology.

Quantum Biology DAO (abbreviated as QuantumBioDAO) also believes that quantum biology has a tremendous potential impact on health and longevity, biomanufacturing, and the pharmaceutical industry. QuantumBioDAO has discovered that weak magnetic field effects in biology can be measured, and these weak magnetic fields can influence DNA repair, cellular oxidation (a key mechanism for maintaining health), and the rate of cell division (a core mechanism of biomanufacturing).

In the view of QuantumBioDAO, the influence of quantum biology will further expand into other fields and industries in the future. By appropriately configuring magnetic fields, we can make space travel safer and even nurture life on other planets while ensuring food supply. Meanwhile, the stable existence of long-lived quantum states at room temperature in biology will inspire us to build more advanced quantum computers.

What QuantumBioDAO is doing is bridging the gap between fundamental science and traditional venture capital, building a bridge between experts in the field and the public, and actively engaging in educational efforts to demonstrate the close connections and importance of quantum biology to the public, thereby attracting more attention and funding into this field.

According to QuantumBioDAO's vision, it also plans to support the research and development of new quantum instruments. In particular, an optical microscope with nanosecond time resolution and optical detection magnetic resonance capabilities can directly detect the electronic spin superposition states inside cells without damaging them. In addition, QuantumBioDAO aims to create and capture valuable IP and accelerate the development of quantum biology, aiding the launch of a series of quantum biology startups.

Quantum Biology DAO Ecosystem

The Quantum Biology ecosystem consists of three autonomous entities: Quantum Biology Institute (Research Institute), Quantum Biology DAO, and Quantum Biology Incubator.

Among them, the Quantum Biology Institute, located in California, is a nonprofit organization aimed at confirming that biology operates at the quantum level and laying the knowledge foundation for future research and commercialization.

Quantum Biology DAO is legally affiliated with a nonprofit association (Verein) in Switzerland, dedicated to promoting fundamental scientific research in quantum biology, building a bridge connecting the research institute and the incubator, and enhancing communication and connection between technical experts in the field and the public. Quantum Biology DAO may retain relevant intellectual property rights or fund the research and development of instruments and equipment, granting usage licenses to multiple parties.

Quantum Biology Incubator focuses on incubating startups aimed at commercializing quantum biology research results, with the goal of becoming the preferred provider of instruments and laboratory space for startups in the field of quantum biology. Although the Quantum Biology Incubator has not yet been established, to coordinate incentives more effectively, the institute and DAO plan to hold a portion of the shares upon its establishment. This way, any successful graduation from the incubator will bring financial returns to the institute and DAO, ultimately promoting complete self-sufficiency.

QuantumBioDAO Token Design

In terms of token economics design, the total supply of QBIO tokens is set at 1 billion. Of these, 20% of the tokens are allocated to the core team, which will be fully locked for one year and gradually released over eight years; 7% of the tokens are allocated to service providers with no release period. Additionally, 55% of the tokens are allocated to the treasury; 15% of the tokens are used for community auctions, also with no release period; the remaining 3% are designated as community incentives.

As mentioned earlier, QuantumBioDAO successfully held a community auction on BIO Protocol, raising a total of 1,724.02 WETH, attracting 635 addresses to participate successfully. This means that 150 million tokens will be distributed to these 635 addresses that successfully participated in the auction. The closing price of the auction was 0.00001149 WETH per QBIO, which, based on the current WETH price of $3,300, translates to a unit price of $0.03447 per QBIO.

Regarding the 3% community incentive portion, QuantumBioDAO stated that after the token auction concludes, it will formulate specific incentive plans based on the actual situation and needs of the community.

Where Does QuantumBioDAO's Revenue Come From?

Currently, QuantumBioDAO's main revenue comes from the aforementioned community auction activities. Subsequently, if additional tokens are sold through the DAO governance mechanism, more funds can be raised directly.

Of course, token sales are just the tip of the iceberg for QuantumBioDAO's revenue diversification. QuantumBioDAO will also explore various other profit models, such as IP licensing, which will cover a wide range of fields, including but not limited to IP related to magnetic field configurations, quantum biology instruments, licensed or anonymized patient data, or medical interventions processed and compiled by the DAO.

In addition, QuantumBioDAO plans to support the construction of specific instruments such as quantum microscopes and plug-and-play low magnetic field rooms (facilitating the study of weak magnetic field effects), with hopes of achieving profitability through the sale or licensing of these instruments.

It is worth mentioning that the commercial deployment of the incubator under QuantumBioDAO will also inject new vitality into the DAO's treasury. Through the successful operation of the incubator and the deployment of commercial projects, QuantumBioDAO is expected to achieve continuous growth and diversification of revenue.

QuantumBioDAO Roadmap

Conclusion

Longevity and decentralized science (DeSci) are by no means exclusive to the wealthy; they are gradually becoming more common public topics, paving the way for more people to participate in the democratization of science. However, we must recognize that the research complexity in these fields is high, experimental techniques face numerous challenges, and scientific discoveries often follow an incremental path. Therefore, their in-depth development undoubtedly requires more ample time.