Odaily Planet Daily News The latest proposal from the DeSci project BIO Protocol shows that the proposal aims to implement the following measures within the next 7 days to initiate the circulation of BIO: remove the transfer restrictions on the BIO token contract, making it transferable; allocate 6% of the BIO supply to provide liquidity for market entry on DEX and CEX, granting the BIO Association the power to actively manage liquidity based on market demand; provide initial liquidity through the ETH/BIO liquidity pool on the Ethereum mainnet. It is reported that the decentralized biotechnology protocol BIO Protocol previously raised $6.22 million in the first round of community financing, $11.14 million in the second round of community financing, and $2.9 million in 2.5 rounds of community financing. Binance Labs also announced an investment in BIO Protocol in early November this year, with the specific amount undisclosed. Its ecosystem includes meme coins such as RIF and URO, which have become market hotspots for a period.
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BIO Protocol's new proposal plans to remove transfer restrictions and allocate 6% of tokens to provide liquidity for the market
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