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.
