The latest proposal of the DeSci project BIO Protocol shows that the proposal aims to implement the following measures within 7 days after its adoption to make BIO circulate: remove the transfer restrictions 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 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 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.