BIO Protocol new proposal: intends to remove transfer restrictions and allocate 6% of tokens to provide liquidity to the market

ChainCatcher news, according to the latest proposal of the DeSci project BIO Protocol, the content shows that the proposal aims to implement the following measures within 7 days after the proposal, allowing BIO to start circulating:

• Remove transfer restrictions on the BIO token contract, making it transferable
• Allocate 6% of the BIO supply to provide liquidity for markets on DEX and CEX, empowering the BIO association 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 the 2.5 round 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 like RIF and URO, which have become market hotspots for a period of time.