ChainCatcher report: The decentralized science finance layer Bio Protocol has announced that NeuroLab AI, developed by NootropicsDAO, will launch its Ignition Sale on Bio Protocol on September 16 at 14:00 UTC, offering the NDT token for a two-week period. Participation requires staking USDC, with the optional addition of BioXP. Bio Protocol states that NeuroLab AI predicts the potential effects of compounds on the brain and correlates molecular interactions with cognitive and other outcomes, aiming to assist researchers in selecting next-step laboratory targets. The project claims its knowledge graph has organized over 150,000 entries and more than 8 million relationships. The initial fundraising target is $200,000, with an initial fully diluted valuation of $3 million and initial project funding of $100,000. Participants’ allocations are 100% unlocked upon claim, with no lock-up period or linear vesting. veBIO holders receive 20%, claimable at any time; unclaimed portions expire upon claim, with 20% already released at TGE and the remainder linearly vested over six months. The Ignition Sale allocation is 6.67%. Users without BioXP may obtain access by staking BIO or other ecosystem tokens, or by burning BIO to mint instantly.
NeuroLab AI to Launch Token Sale on Bio Protocol on September 16
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Summary
On-chain news platform ChainCatcher reports that decentralized science finance layer Bio Protocol has scheduled a token launch event for NeuroLab AI, developed by NootropicsDAO. The Ignition Sale will begin on September 16 at 14:00 UTC and last 14 days. Participants can stake USDC, optionally with BioXP, to purchase NDT tokens. The AI project focuses on predicting compounds’ brain impact and cognitive effects using a knowledge graph comprising 150,000 entries and 8 million associations. The initial raise targets $200,000 with a $3 million valuation, offering 100% unlockable shares. veBIO holders will receive 20%, with 20% released at TGE and the remainder vested over six months. The sale represents 6.67% of the total allocation.
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