BIO price

Recently, a reader left a message asking questions related to DeSci. I remember the last time I shared DeSci was last year. Since then, I have not shared my views on this track in the article, but I have maintained my attention to it. When I first shared my views on the DeSci track, I wrote a point (to the effect): Projects launched through fundraising in this field are different from other tracks, they are likely to be slow to see actual results, and generally speaking, it is not easy to see significant results within two years. Such a project is probably not easy to form popularity, and it is not easy to make the track popular. During this time, we have all seen how effective the DeSci projects were last year, and they are basically tepid now. Looking at the projects currently available in the DeSci ecosystem, there are basically two characteristics: First, biological/medical science and technology are the mainstay; Second, these projects are mostly biased towards the scientific field. Both of these characteristics have a great impact on the development of the entire ecology. Let's talk about the first one first. We know that bio/medical technology will eventually enter the practical stage and generate economic value through lengthy stages, such as multiple clinical trials and US FDA approval. Even if these projects in DeSci don't have to go through such a complex process, they will still have to go through regulatory scrutiny, which is quite time-consuming and resource-intensive. Therefore, there is great uncertainty about when these bio/medical-related projects in the current DeSci ecosystem will be effective and how effective they will be. Let's talk about the second one. I generally divide projects into three categories: science, engineering, and application. Scientific research in the field of science and engineering is now mainly done in universities, research institutes, and large enterprises. They require a huge amount of long-term investment. They are trying to solve problems that plague the fields of science and engineering, especially theoretical problems. Even if these studies produce some results, many of them may not be translated into products and services in the short term. The application project is different, it does not solve problems in the field of science and engineering, but directly uses the existing results and answers in the field of science and engineering to create products or services. It solves far fewer problems than science and engineering. Among these three categories, only projects in the application field can achieve results quickly and see results. From the launch of Ethereum in 2015 to the present, the various project financing methods we have experienced in the crypto ecosystem, whether it is ICO, IEO, or IDO, the projects they fund are actually projects in the application field. The fundamental reason why these projects are successful and why these financing methods can produce wealth effect is that some of them have indeed been successfully launched and operated in a short period of time. Without the emergence of these successful projects, no matter how much you brag or blow bubbles, it will be impossible to blow up. A considerable part of the projects currently financed in the DeSci ecosystem are dead ends at one or both of the above points: either biological/medical projects that may face a long cycle; or it is a project that is biased towards science and engineering, and it is very difficult to see results that can be applied and generate value in the short term. Recently, some leading projects in this track, such as Bio, are trying to create conditions for the development of the ecosystem. Bio followed Virtual's approach and wanted to create a financing platform for projects to raise funds on it. It is difficult to say how effective this measure will be, and the reason is still the one above. It can pull up the price of the project's token in the short term and drive the speculative popularity of the track, but if the project does not make follow-up progress, the popularity of the track will drop again. However, I will always keep an eye on this track and casually participate in my favorite projects. At least at this stage, it is more of a public welfare track, a bit similar to Gitcoin's community donations.