From @CryptoHayes Written by Lukas Ruppert a first year analyst at Maelstrom.

BioDAOs 10,000,000,000%+ RepricingWith BIO launching on Binance in ~1 hour, something seismic is about to happen in the DeSci ecosystem that the market has missed. Inaugural BioDAOs (e.g., Pfizer Ventures-backed VitaDAO for longevity, CryoDAO for cryopreservation, etc.) will be unlocking BIO token rewards for believing in the ecosystem from the very beginning. Nothing new there. But what’s remarkable—and the market seems to have missed—is that the quanta of these rewards to inaugural BioDAOs are staggering in size. For many, allocations exceed their entire market cap. E.g. PsyDAO’s 15.4mm $BIO early ecosystem allocation is valued at ~$14.6mm pre-launch (assuming that BIO’s $0.95 pre-market valuation holds) which is more than double its entire market cap of $6.7mm.TLDR: BioDAOs about to make bank from the BIO rewards, and the market has missed it.Big thanks to the Bio team for reviewing our research - special shoutout to @leonardboltz; @NateHindman and @paulkhls. This article is a @MaelstromFund production. Make sure to follow @akshat_hk ; @etherary; @PenguinRoi; @lukas_rppt.RewardsTickers: $VITA; $ATH; $GROW; $PSY; $CRYO; $NEURON; $HAIR

Prices as of 01/03/25 - 04:00UTCTable above shows confirmed early ecosystem rewards that are already held in treasuries onchain (HairDAO is an exception and not included in the table as allocations are tbd). BIO tokens are liquid at launch; vBIO is vested 2-yr linear. Dollar values are based on the current pre-market price of $0.95. The ecosystem allocations for PsyDAO, ValleyDAO, CryoDAO, and AthenaDAO exceed their market caps.And it gets even better: Once a BioDAO token hits $25mm daily volume the DAO is set to be eligible for an additional 13mm BIO tokens from bio/acc rewards. The $25mm mark has to be hit until January 17, 2025. $25mm daily volume means double the rewards - an upwards spiral:

Prices as of 01/03/25 - 04:00UTCWe Are EarlyAI agents and DeSci are both trending this bull, and now it’s DeSci’s turn to shine. AI agent coins have a collective market cap of $16B+, while DeSci sits at $1Bpre Bio-launch. Tiny in comparison. The inaugural BioDAOs have a combined market cap of sub $150mm. In addition there are only 6.5 inaugural BioDAOs as opposed to thousands of AI agent coins. [6.5, since Cerebrum technically was not part of the initial BioDAOs cohort, but was later added due to outstanding performance.]Why this matters: There will only ever be so many OG DeSci bluechips. Based on this unique dynamic, small cap inaugural BioDAOs offer the greatest upside potential.

The Signs Were ThereDeSci is one of the few truly new narratives in the space that many market participants have yet to hear of. According to Kaito’s highly scientific, fool-proof precise calculations, DeSci’s mindshare increased 2640% (lol, I know) in 2024 yet remains tiny compared to other themes tracked by Kaito. This is about to change… we are ready for a sector rotation. Look at the names excited about DeSci’s potential. Vitalik, CZ, Brian Armstrong, Fred Ehrsam, Balaji, the list goes on. Haseeb made the new year prediction that “DeSci tokens will turbo pump.” The Vitalik + CZ DeSci meetup in Bangkok merely was the initial smoke signal that something was cooking. Learning about and understanding a truly new development takes time.

DeSci meetup BKK with @cz_binance and @VitalikButerin (edited)Binance vs Coinbase FaceoffBinance, an early investor in BIO, is likely to lead the DeSci charge. One of (soon-to-be-rebranded) Binance Labs’ investors Andy is a true DeSci evangelist. Among other things, he organized the BKK meetup. He’s been instrumental in priming Binance to win by betting on DeSci. Base is a huge success heavily because Coinbase backed Virtuals and key ecosystem players like Aerodome so aggressively. Binance has sour grapes, and a DeSci-bull could help them push BNB at a time when AI agent coins are stealing the limelight.Of course punting on the frontier is risky. As always, this is not financial advice and DYOR. Here’s the Dexscreener watchlist for the inaugural BioDAOs: https://dexscreener.com/watchlist/V4u8DyJmEIFlHBLgRvt4Follow to be the first one to see stuff like this in the future! Happy New Year!(Any views expressed here are the personal views of the author and should not form the basis for making investment decisions, nor be construed as a recommendation or advice to engage in investment transactions. Maelstrom Fund and associated individuals may hold positions in the assets discussed in this article.)