BIO Protocol proposes to remove transfer restrictions on BIO token contracts

PANews reported on December 14 that BIO Protocol initiated a proposal on obtaining BIO liquidity, aiming to allow new participants to join the BIO economy; secondly, deploying liquidity on Ethereum will promote BIO's accessibility and long-term growth, while also enabling the token to expand to other chains in the future. The proposal is as follows:

  • Remove transfer restrictions on the BIO token contract and make it transferable
  • Allocate 6% of BIO supply to provide liquidity for decentralized and centralized markets. Grant the BIO Association the power to actively manage liquidity based on market demand.
  • Providing initial liquidity on the Ethereum mainnet through the ETH/BIO liquidity pool

If the proposal is passed, it will take effect within 7 days.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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