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BIO Protocol proposes to lift the transfer restrictions on the BIOToken contract
PANews December 14th news, BIO Protocol initiated a proposal to acquire BIO liquidity, aiming to allow new participants to join the BIO economy; secondly, deploying liquidity on Ethereum will promote the accessibility and long-term growth of BIO, and also enable the Token to expand to other chains in the future. The proposal is as follows:
Remove the transfer restrictions on the BIO Token contract and make it transferable
Allocate 6% of the BIO supply to provide liquidity for decentralized and centralized markets. Grant BIO Association the power to actively manage liquidity according to market demand.
Providing initial liquidity on the Ethereum mainnet through the ETH/BIO liquidity pool
If the proposal is approved, it will take effect within 7 days.