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

The latest proposal for the DeSci project BIO Protocol shows that the following measures will be implemented within 7 days after the proposal is passed to start circulating BIO: canceling transfer restrictions on BIO token contracts, making them transferable; allocating 6% of BIO supply to provide liquidity for DEX and CEX listings, giving the BIO Association the power to actively manage liquidity according to market demand; providing initial liquidity through ETH/BIO liquidity pool on Ethereum mainnet.

It is reported that decentralized biotech protocol BIO Protocol had previously raised $6.22 million in its first community round financing, $11.14 million in its second community round financing, and $2.9 million in its 2.5th community round financing. Binance Labs also announced an investment in BIO Protocol earlier this November but did not disclose a specific amount. Meme coins RIF and URO within its ecosystem have both become market hotspots for a period of time.