Quantum Biology DAO Raises Funds Far Beyond the Original Target
When anything becomes entangled with quantum, it instantly gains a sense of profound future and mystery. The same goes for quantum biology.
This month, the Quantum Biology DAO raised 1,724.02 WETH (approximately $6.886 million at the time) in token auctions on BIO Protocol, far exceeding the original fundraising goal by 1,344.74%.
The auction attracted 1,032 bids, with 635 successful transactions. If we consider each successful bidder as an individual investor, the average investment per investor was 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 as much as 88 ETH in one transaction, but unfortunately, their bid did not reach the final closing price, and they were unable to acquire the tokens.
So, what exactly is “Quantum Biology DAO,” with an average investment of over $10,000 per person? What secrets and prospects does it hold for the field of quantum biology?
What is Quantum Biology DAO?
According to an article titled “The Future of Quantum Biology” published in the Interface journal of the Royal Society, quantum biology primarily investigates processes in living organisms that cannot be accurately described by classical physics laws. This includes examples of characteristic biological processes.
It also includes examples such as electron and/or vibrational energy transfer, as well as magnetic field effects in electron transfer and bird migration. Quantum effects manifest as long-range effects (such as electron and proton tunneling) with characteristic temperature dependence, magnetic field effects, participation of superposition (or delocalized) states, resonance effects, etc. Quantum biology may also have significant implications for many technologies, including sensing, health, environment, and information technology.
Quantum Biology DAO (QuantumBioDAO for short) similarly believes that quantum biology has significant potential impact on health and longevity, biomanufacturing, and the pharmaceutical industry.
QuantumBioDAO has already discovered that weak magnetic field effects in biology can be measured, and these weak magnetic fields can impact DNA repair, cellular oxidation (a critical mechanism for maintaining health), and cell division rates (a core mechanism for biomanufacturing).
In the view of QuantumBioDAO, the influence of quantum biology will further expand into other fields and industries in the future.
By properly manipulating magnetic fields, we can make space travel safer, even nurturing life on other planets and ensuring food supply. Additionally, the long-lived quantum states that exist stably at room temperature in biology can inspire us to build more advanced quantum computers.
The goal of QuantumBioDAO is to bridge the gap between fundamental science and traditional venture capital, and to build a bridge between experts and the public in the field, while actively conducting related educational work to demonstrate the close connection and importance of quantum biology to the public and attract more attention and funds to this field.
According to the vision of QuantumBioDAO, it also plans to support the development of new quantum instruments. In particular, an optical microscope with nanosecond time resolution and optical detection of magnetic resonance capabilities, which can directly detect electron spin superposition states inside cells without damaging them.
In addition, QuantumBioDAO aims to create and capture valuable IP (intellectual property) and accelerate the development of quantum biology, supporting the launch of a series of quantum biology startups.
Quantum Biology DAO Ecosystem
The Quantum Biology ecosystem consists of three autonomous entities: the Quantum Biology Institute, Quantum Biology DAO, and Quantum Biology Incubator.
The Quantum Biology Institute is a nonprofit organization located in California, aiming to demonstrate that biology operates at the quantum level and lay the foundation of knowledge for future research and commercialization.
Quantum Biology DAO, legally registered as an association in Switzerland, is dedicated to promoting fundamental scientific research in quantum biology, building a bridge between the institute and the incubator, and strengthening communication and connection between technical experts and the public in the field.
Quantum Biology DAO may retain relevant intellectual property or fund the development of instrument infrastructure and grant licenses to multiple parties.
Quantum Biology Incubator focuses on incubating startups that aim to commercialize quantum biology research and aims to become the preferred provider of instrument equipment and laboratory space for early-stage companies in the quantum biology field.
Although the Quantum Biology Incubator has not been established yet, to better coordinate incentives, the institute and DAO plan to hold partial stakes when it is established. This means that any successful graduate from the incubator will provide financial feedback to the institute and DAO, ultimately promoting full self-sufficiency.
QuantumBioDAO Token Design
In terms of token economics, the total supply of QBIO tokens is set at 1 billion. Of this, 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 lock-up period.
In addition, 55% of the tokens are allocated to the treasury, 15% are used for community auctions with no lock-up period, and the remaining 3% are allocated for community incentives.
As mentioned earlier, QuantumBioDAO successfully raised 1,724.02 WETH in the community auction on BIO Protocol, which means that 150 million tokens will be distributed to the 635 addresses that participated in the auction. The closing price of the auction was 0.00001149 WETH per QBIO token, which, based on the current WETH price of $3,300, translates to a unit price of $0.03447 per QBIO token.
As for the 3% community incentives, QuantumBioDAO stated that specific incentive plans will be formulated based on the actual situation and needs of the community after the token auction ends.
Where does QuantumBioDAO’s Revenue Come From?
Currently, QuantumBioDAO’s main source of revenue comes from the aforementioned community auction. In the future, if approved through DAO governance, additional tokens can be directly sold to raise more funds.
Of course, token sales are just a tip of the iceberg in terms of revenue diversification for QuantumBioDAO. QuantumBioDAO will also explore various other revenue models, such as IP licensing. These IP rights will cover a wide range of areas, including but not limited to magnetic field manipulation, quantum biology instruments, IP related to licensed or anonymized patient data or medical interventions handled and compiled by the DAO.
Additionally, QuantumBioDAO plans to support the construction of specific instruments, such as quantum microscopes and plug-and-play low-field rooms (facilitating the study of weak magnetic field effects), with the aim of achieving profitability through their sale or licensing.
It is worth mentioning that the commercial deployment of the QuantumBioDAO incubator will also inject new vitality into the DAO’s treasury. Through the successful operation of the incubator and the deployment of commercial projects, QuantumBioDAO aims to achieve sustained revenue growth and diversification.
Summary
Longevity and decentralized science (DeSci) are no longer exclusive territories of the wealthy but are gradually becoming more common public topics, opening up pathways for more people to participate in the democratization of science.
However, it is important to recognize the complexity of research in these fields, the challenges faced by experimental techniques, and the fact that scientific discoveries often follow an incremental path. Therefore, their deep development undoubtedly requires ample time.
This article was originally published by Shenzhen Wave and has been translated in collaboration.