BIO Protocol's new proposal proposes to remove transfer restrictions and allocate 6% of tokens to provide liquidity to the market

BlockBeats news, on December 14, according to the latest proposal of DeSci project BIO Protocol "DeSci Project BIO Protocol", the proposal aims to implement the following measures within 7 days after its passage to make BIO begin to circulate:

· Remove the transfer restriction on the BIO token contract to make it transferable

· Allocate 6% of the BIO supply to provide liquidity for the DEX and CEX markets, and give the BIO Association the power to actively manage liquidity according to market demand

· Provide initial liquidity on the Ethereum mainnet through the ETH/BIO liquidity pool

It is reported that the decentralized biotechnology protocol BIO Protocol had previously raised US$6.22 million in the first round of community round financing, US$11.14 million in the second round of community round financing, and US$2.9 million in 2.5 rounds of community financing. Binance Labs also announced its investment in BIO Protocol in early November this year, but the specific amount was not disclosed. Meme coins RIF and URO in its ecosystem have become market hotspots for a period of time.