TechFlow news, December 14 — BIO Protocol has proposed a governance proposal regarding acquiring BIO liquidity, aiming to allow new participants to join the BIO economy. Additionally, deploying liquidity on Ethereum will enhance BIO's accessibility and long-term growth, while also enabling the token to expand to other chains in the future. The proposal includes the following:
- Remove transfer restrictions on the BIO token contract and make it transferable
- Allocate 6% of the total BIO supply to provide liquidity for decentralized and centralized markets. Grant the BIO Association the authority to actively manage liquidity based on market demand.
- Provide initial liquidity via an ETH/BIO liquidity pool on the Ethereum mainnet
If the proposal passes, it will take effect within 7 days.
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