BIO Protocol's new proposal proposes to remove transfer restrictions and allocate 6% of tokens to provide liquidity to the market
Odaily reports that the DeSci project BIO Protocol's latest proposal shows that the proposal aims to implement the following measures within 7 days after the proposal is passed to allow BIO to start circulating: cancel the transfer restriction on the BIO token contract to make it transferable; allocate 6% of the BIO supply to provide liquidity for DEX and CEX listing, and empower the BIO Association to actively manage liquidity based on market demand; provide initial liquidity on the Ethereum <mainnet> through the ETH/BIO liquidity pool. It is reported that the decentralized biotech protocol BIO Protocol previously raised $6.22 million in the first round of community financing, $11.14 million in the second round, and $2.9 million in the 2.5 round of community financing. <Binance Labs> also announced an investment in BIO Protocol in early November, with the specific amount undisclosed. Its ecosystem's <MEME> coins such as RIF and URO have also been market hotspots for a period of time.
