TechFlow reports that decentralized finance platform BISOSwap has launched an IDO for BRC-20 tokens on the BTC network on May 10. The event has reportedly exceeded its fundraising target by 1600%, with total subscriptions reaching 120 BTC.
BisoSwap is the first swap platform built on the Ordinal protocol, aiming to provide liquidity for the BRC-20 ecosystem. It seeks to address the issue of insufficient liquidity in BRC-20 tokens by expanding liquidity pools for LP trading and enabling real-time transactions. Additionally, to reduce the complexity of BRC-20 token trading and make it easier for users to buy, sell, and add liquidity, BisoSwap pioneers the integration of the BTC network into the LP model, enabling more diversified asset utilization of BTC.
