VDP-161.1: BIO Token Airdrop to VitaDAO Community (Improvement Proposal to VDP-161)

Proposals
1

One-liner: Distribute 2M BIO tokens to VITA holders and IPT holders, excluding Bio protocol holdings, with 50% available immediately and 50% subject to 1-year linear vesting schedule

This is an improvement proposal to VDP-161, modifying the original distribution amount from 6.9M to 2M BIO tokens, adding Solana VITA holders as eligible participants, excluding BIO Protocol Treasury or other bioDAOs holdings (bioDAOs that hold VITAA) for the distribution, and implementing a vesting schedule.

Team: Web3 Pod

Objective: Strengthen the connection between BIO and VitaDAO communities while aligning governance participation through token distribution to active VITA and IPT holders.

Project Overview: This proposal aims to distribute up to 2M BIO tokens to the VitaDAO community through an airdrop mechanism. The distribution will target VITA token holders on Ethereum, Base and Solana networks, as well as VitaDAO IPT holders based on multiple snapshots taken over time to ensure genuine long-term community support. The airdrop will use a tiered system to ensure fair distribution across different holder categories.

Vesting Schedule:

  • Airdrop Date: Feb 1st, 2025
  • Vesting Schedule: 50% unlocked and 50% subject to a 1-year linear vesting (until Feb 1st, 2026) without a cliff

Key Deliverables:

  • Multiple Snapshots of eligible holders (Ethereum, Base and Solana networks)
  • Implementation of distribution tiers and caps
  • Distribution of BIO tokens with vesting parameters
    • 85% (1.7m BIO) to VITA holders (Ethereum, Base and Solana)
    • 15% (300K BIO) to VitaDAO IPT holders including:
  • Implementation of vesting contract and claim mechanism (12-mo claiming period)

Budget: Up to 2M BIO tokens from VitaDAO’s Treasury

Rationale: This airdrop strengthens ties between communities, enhances governance participation, and creates alignment while preserving the BIO Treasury entirely for funding science. The vesting schedule ensures long-term alignment and commitment from recipients.

Benefit to VitaDAO Members: Members gain increased governance capabilities through BIO token ownership, enabling participation in both VitaDAO and BIO governance ecosystems, fostering stronger cross-community decision making, while maintaining the BIO Treasury intact for funding science. The vesting schedule ensures sustained participation and alignment of interests over time.

Distribution Structure: Distribution tiers based on combined VITA and IPTs holdings:

VITA Holdings (Ethereum, Base and Solana)

  • Whale tier >=100,000 VITA holdings
  • Postdoc tier >=50,000 VITA holdings
  • PhD tier >=10,000 VITA holdings
  • Bachelor tier >=1,000 VITA holdings
  • Vitalian tier >= 100 VITA holdings

IPT Holdings

*Notes: *

  • Exact allocation per tier will be communicated before the Airdrop Date.
  • VITA holders on Ethereum, Base and Solana networks are eligible. If VITA is not yet live on Solana by the time of the airdrop date (Feb 1st 2025), only holders on Ethereum and Base will be considered.
  • Agree
  • Revisions Requested (Detail in Comments)
  • Disagree
0 voters
1 Like
2

Why the drop from almost 7m to 2m BIO?

You made changes, but haven’t told anyone why, and it’s causing confusion within the community.

It would be worth the time to clear it up.

1 Like
3

I also wonder the background of the amendment.

4

Hey Todd, good to see you around!

Please note that the first proposal was posted on Dec 2024, before BIO went live. At that time, token price was as at $0.066 (Genesis round 2.5), meaning a 6.9m BIO airdrop translated to ~$450k. Now, at $0.4 per BIO, the new figure proposed translates to $800k. So this amendment is no more than an adjustment to current market prices. Please also note that in addition to the original ~$400k intended, this proposal adds an entire second batch of $400k vested over time to incentivize long term contribution. I personally think this amount is very well sized considering # of token holders.

1 Like
5

Thanks for clarifying. Might be worth putting that narrative in the proposal.

1 Like