INNBC DeSci Crypto Token
By INNOVATIVE BIORESEARCH
INNOVATIVE BIORESEARCH AND INNBC
Innovative Bioresearch Ltd. is a biotech company founded by Italian research scientist Jonathan Fior with the goal of bringing innovation to the fields of HIV, cancer, and regeneration research using blockchain technology. In 2018, we issued INNBC, which stands for "InnovativeBioresearchCoin", a utility token representing the tokenization of our scientific contribution and an instrument through which we are decentralizing every aspect of scientific research, from the funding of the research to the storage and sharing of the data. The goal of INNBC is to produce novel biomedical research and associated decentralized software tools while at the same time being the main means of payment accepted by Innovative Bioresearch Ltd. to access all our pharmaceutical products and services.
INNBC DeSci MODEL, UTILITY, ECOSYSTEM
INNBC is the first token to introduce a real DeSci "decentralized science" model. In such a model, some supply is allocated to support the development of pharmaceutical products. Such products are represented by actual therapies and vaccines for diseases such as HIV and cancer, as well as software products such as Web3 decentralized applications for biomedical research. All our research studies are peer reviewed and available on PubMed, making INNBC the first crypto project to feature actual scientific publications (e.g., we published a pioonering study testing SupT1 cells as an HIV therapy). This is what distinguishes a real DeSci project such as INNBC: producing actual peer-reviewed scientific publications. This is what, in turn, can really back the token utility as a novel tool for decentralized science. Understanding the dynamics of the development of a pharmaceutical product is therefore extremely important before purchasing INNBC. INNBC did not have an ICO; the token initial distribution was to the participants of the bounty contests launched when we issued the token, after which INNBC was directly listed on the exchange markets, where users are free to purchase the token. The token can be used right after purchase, and all holders of INNBC are free to sell their tokens to users who need them for access to our platform. We also aim to launch a DAO for biomedical research projects, where INNBC will be used for voting on the most promising research projects to be supported with the token.
INNBC TOKEN TECHNICAL INFO
Token name: InnovativeBioresearchCoin
Symbol: INNBC
Type: ERC20 Token
Token adress: 0xB67718b98d52318240c52E71A898335da4A28c42
Decimals: 6
Block Explorer: https://etherscan.io/token/0xB67718b98d52318240c52E71A898335da4A28c42
INNBC DAPP, A REAL USE CASE IN SCIENCE
One of the goals of the project is to bring mass adoption of blockchain technology into science. This involves first developing tools such as decentralized applications (DApps), which provide utility and real-world use cases in biomedical research. When we started our study and research on which areas of scientific research could provide a suitable application for blockchain technology, we concluded that decentralization of scientific data is a very useful area, especially in terms of permanently recording and sharing the data using a blockchain. In fact, there are several specific features of blockchain technology that are very well suited for such a purpose:
•Immutability. Scientific data need to be immutable. Once a study is peer reviewed and published, its data must be permanently stored and never altered. In the blockchain, all data is stored in every single node, never ceasing to exist and always staying on the blockchain. It is immutability that gives the blockchain its openness and BFT (Byzantine Fault Tolerance).
•Decentralization. The blockchain is designed to be distributed and synchronized across networks, making data freely available to anyone. We believe that scientific data should be shared and not hidden behind a firewall.
•Security. The kinds of transactions that can be performed are strictly defined in advance and stored in the blockchain as "smart contracts." This prevents fraudulent data from being added to the blockchain, thus ensuring the integrity of the database. By contrast, it would be much easier to compromise a centralized database.
•Proof of Authorship and identity. Say you make an important discovery and want undeniable proof that you are the author. If you want to defend your work and claim in court to be the author, you must be able to prove it. This evidence can be difficult to provide. However, if you record the data on a blockchain, including a detailed description of your work and authorship information, the timestamp can prove that the data was generated at a certain point in time and have not been changed since. Such data recorded on the blockchain can legally represent an unambiguous reference to the author. A specific wallet can also be linked to the author and his institution, providing the author with a "digital identity," so that only the transactions associated with that specific wallet would be considered legit data belonging to the author and his institution.
We developed the INNBC DApp to be a very practical and straightforward tool for research scientists, accessible with no coding knowledge, featuring a simple, clean, and intuitive front-end UI (user interface) where users just need to paste their data as text in the input field and press a button to store the data on chain.
The DApp is live and accessible at https://database.innovativebioresearch.com/
One of the most important features of the DApp is that all data is stored 100% on chain. We developed the first true on chain decentralized storage Dapp for biomedical research, which can also be used for general purpose data (such as text, images, audio, and video), providing you with Identity, Timestamping, Content, and Immutability (ITCI) for your business. What this means is that our Dapp has a wide range of applications in many different fields in addition to science. Below are just a few examples:
Application for Commercial Activities. Timestamping will allow you to record any relevant events for your business. Say, for instance, that you sold a product to a customer. You can record the event on the blockchain and include the tx as a QR code on the product itself as a proof of product authenticity and to keep track of the item.
• Applications for the Entertainment, Art, and Software Development industries. Identity and Timestamping will protect the intellectual property of your work, providing you with proof of authorship. This is important for a large number of fields. For instance, it would work perfectly well for NFTs where you could store your digital images on chain adding author information, instead of being stored on a centralized server as it currently happens. You could store a lower-resolution version of the image, or you could store it in different chunks in the case of very large images.
Application for Decentralized Messaging, News Releases, and Social Networking. Decentralization and Immutability provide a censorship resistant environment for posting content, unlike traditional centralized platforms that can be controlled by the issuer (e.g., Twitter, Facebook), limiting your access to the platform, whereas this control does not exist on a decentralized platform. We built this application on Binance Smart Chain initially due to lower gas fees, and we plan to launch an Ethereum version as well once ETH 2.0 is released.
INNBC DECENTRALIZED EXCHANGE
INNBC Swap Dex is our new killer DApp, allowing our users to trade INNBC and all your favorite ERC20 tokens with the best available liquidity. What is a decentralized exchange? A dex is a platform where users interact with a smart contract allowing them to swap tokens directly from their personal wallets (e.g., Trust Wallet, Metamask), without the need to register on a website, and most importantly, always having total control of our own funds, as you are the one who holds the private keys. Unlike a centralized exchange that can close down and/or freeze your funds, there is no such risk on a decentralized exchange, as it operates using smart contracts that live on the blockchain forever. As such, we decided to develop our own dex, releasing INNBC Swap DEX, to provide INNBC users with a trusted and easy-to-use platform where they can buy and sell INNBC.
The INNBC Swap dex DApp is accessible at https://swap.innovativebioresearch.com/
INNBC Swap Dex features Uniswap V3 liquidity pool features like adding liquidity at specific price ranges, allowing users to avoid being run over by trades as LPs will stay within specific price ranges and will not be dispersed among the whole range from 0 to infinity.
This is an incredibly cool feature that brings the concept of traditional sell orders on centralized exchanges to the world of decentralized exchanges.
We also released a full guide on how to use the DEX and add liquidity.
This DApp was created because we want our users to experience maximum freedom in a trustless and permissionless environment with an in-house platform where you can confidently swap INNBC, taking advantage of all the wonderful decentralized features of DeFi (decentralized finance), aiming to become central to the INNBC ecosystem.
INNBC PEER REVIEWED SCIENTIFIC PUBLICATIONS
All our research studies are peer reviewed and available on pubmed, making INNBC the first crypto project to feature actual scientific publications:
Fior, J. An initial in vitro investigation into the potential therapeutic use of SupT1 cells to prevent AIDS in HIV-seropositive individuals. PLoS ONE. 2012;7(5):e37511. https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3359297/
Fior J. Is a pacific coexistence between virus and host the unexploited path that may lead to an HIV functional cure? Viruses. 2013;5(2):753-7. https://www.ncbi.nlm.nih.gov/pmc/articles/pmid/23430684
Fior J. Salamander regeneration as a model for developing novel regenerative and anticancer therapies. J Cancer. 2014;5(8):715-9. https://www.ncbi.nlm.nih.gov/pmc/articles/pmid/25258653
Fior J. SupT1 Cell Infusion as a Possible Cell-Based Therapy for HIV: Results from a Pilot Study in HuPBMC BRGS Mice. Vaccines. 2016;4(2):13. https://www.ncbi.nlm.nih.gov/pmc/articles/pmid/27128948
As we produce more studies, we will keep updating this list.
WHAT'S NEXT?
INNBC BLOCKCHAIN
As a next step in the evolution of the INNBC project, we are working to build our own blockchain, a modern, proof-of-stake (POS) biomedical chain that will feature a larger block size to allow better storage of biomedical data. The INNBC chain will be the first blockchain for biomedical research and will implement decentralized governance (DAO) to support the development of biomedical research projects. INNBC will be the base currency of the chain, meaning that fees will be paid in INNBC, it will be staked for running validator nodes, and it will also be used to provide voting power in the DAO.
BUT IT DOES NOT END HERE!
We launched a series of "side" products where INNBC will be supporting the production of real life products starting from high quality content on Youtube by partner channel "Sponsored by INNBC", producing series such as "SKYLINE GARAGE", an Italian series sponsored by INNBC in cooperation with big automotive brands that is advertising the token toward a mainstream audience of car enthusiasts.
