HomePress ReleaseEIN PresswireVitaDAO Launches VITA-FAST Tokens, Revolutionizing Governance in Longevity Research

VitaDAO Launches VITA-FAST Tokens, Revolutionizing Governance in Longevity Research

Vita-FAST and Viktor Korolchuk

Vitadao Launches VITA-FAST Tokens, Empowering Neighborhood Engagement in Longevity Research Challenge.

OTTAWA, DELAWARE, CANADA, June 30, 2023/ — VitaDAO, the worldwide neighborhood accelerating analysis and improvement in longevity science, is happy to announce the launch of the VITA-FAST tokens. This marks the first-ever alternative for token holders to immediately affect longevity analysis, setting a brand new precedent in the sphere of decentralized science (DeSci).

The VITA-FAST tokens, which permit holders to make selections on IP licensing, set experiment priorities, and govern analysis on autophagy, have been met with overwhelming curiosity. The preliminary token sale was 2000% oversubscribed, with $620k in bids, demonstrating the general public’s eagerness to take part in scientific analysis.

This groundbreaking initiative is spearheaded by the esteemed Korolchuk Lab, led by famend mobile biologist Prof. Viktor Korolchuk. The lab’s work focuses on autophagy, a course of important to mobile well being and implicated in ageing and varied illnesses. The launch of VITA- FAST tokens not solely offers monetary assist for this cutting-edge analysis but additionally fosters a community-driven strategy to biomedical analysis.

Alex Dobrin, head of neighborhood at VitaDAO, mentioned, “That is the following part in the evolution of decentralized affected person communities, to immediately contribute to, govern, and be rewarded for progressing useful longevity analysis.”

VitaDAO engaged its neighborhood in the token sale by utilizing a newly launched crowdsales platform developed by Molecule AG, which developed the unique IP-NFT platform for capturing IP in web3, and is a strategic contributor to VitaDAO.

“The success of the VITA-FAST token sale is a testomony to VitaDAO’s revolutionary strategy to integrating public participation into scientific analysis. It additionally underscores the potential of decentralized finance (DeFi) to fill in the gaps left by conventional funding companies”, as famous by Paul Kohlhaas, CEO of Molecule.

Professor Matthew Grenby, Professional-Vice-Chancellor for Research and Innovation at Newcastle College added “It’s nice to see this cutting-edge analysis going out into the world, and we’re excited to be on the forefront of biomedical analysis funding. We stay up for supporting Molecule AG and VitaDAO with improvement of this novel platform and commercialisation of their IP”.

The VITA-FAST token providing marks a major step ahead for VitaDAO because it begins advancing its early analysis property towards their subsequent improvement milestones. The VITA-FAST tokens will present ongoing choices for funding for the Korolchuk Lab because it advances its analysis program.

About VitaDAO

VitaDAO is a worldwide neighborhood for the acceleration of analysis and improvement (R&D) in longevity science and the extension of human health- and life-span. VitaDAO achieves this via funding and incubating analysis and researchers utilizing the instruments of decentralised science (“DeSci”) to cut back the time for therapeutic improvement and, finally, deliver getting old below medical management.

VitaDAO, with a neighborhood of over 9000 lovers, researchers, and contributors,

deployed to this point over $4M USD in 17+ initiatives researching the illnesses of ageing, with a deal with mobile biology and the restore of injury related to the hallmarks of getting old.

All researchers are welcome to use for funding, together with professors, post-docs, analysis

scientists, and even college students.

Alex Dobrin
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