BISOswap's first IDO on BRC-20 is currently oversubscribed by 1600%, with a subscription amount of 120 BTC

2023-05-12 15:21:56

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ChainCatcher news, according to an official tweet, the decentralized finance platform BISOSwap has launched the IDO event for BRC-20 tokens on the BTC network on May 10. This event has currently exceeded expectations by 1600%, with a subscription amount reaching 120 BTC.

BisoSwap is the first swap developed based on the Ordinal protocol, aimed at providing liquidity for the BRC-20 ecosystem. Bisoswap is committed to solving the liquidity shortage in BRC-20 by increasing the liquidity pools for LP trading and enabling real-time transactions. Additionally, to reduce the complexity of trading BRC-20 tokens and make it easier for users to buy, sell, and increase liquidity pools, Bisoswap is the first to attempt to introduce the LP model to the BTC network, making the use of BTC a more diversified asset. (Source link)

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