BIT, BitDAO

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RT @0xMantle: It's Official: Mantle Mainnet is Live! 🚀 Mantle Network is now open to all blockchain users, from developers to users. We a…

2/2 Due to the potential for increased slippage, we urge caution trading BIT while liquidity is low. The BIT to MNT migration app and MNT-USDT and MNT-ETH pairs will be available later today.

1/2 Important PSA ⚠️ We'd like to notify the $BIT community that the majority of LPs for BIT-USDT and BIT-ETH pairs have been removed from major on-chain and decentralized exchanges in anticipation of the BIT to MNT migration happening on July 17.

This proposal is triggered by the upcoming deployment of $MNT token as authorized by BIP-21 and MIP-22. We received a lot of community feedback regarding the high fully diluted supply of $BIT and $MNT. This is an opportunity to optimize numbers before the $MNT token launch.

By voting "Yes", you endorse the following terms: 1️⃣ Non-conversion of 3 billion $BIT tokens: 3bln $BIT currently held in Mantle Treasury will not be converted to $MNT. This will effectively reduce the fully diluted supply of $MNT at launch by 3bln tokens when compared to $BIT.

2️⃣ Non-converted $BIT tokens will be sent to the nominated burn address. For additional details on this address please refer to the following research article: github.com/windranger-io/pub….

🗳️ Get involved with with #Mantle Governance (prev. #BitDAO) by casting your vote now. Voting period: Now until July 7, 2023 To vote on Mantle proposals, you must delegate your votes. ➡️ Learn how: docs.mantle.xyz/governance/p…

MIP-23: $MNT Supply Optimization in Preparation for Launch Vote here: snapshot.org/#/bitdao.eth/pr…

The intended result will be changes to branding and structuring that lead to the greatest long-term token holder prosperity, provide the greatest chances of success for core protocols (e.g., Mantle Network), and preserve the governance and economic rights of token holders.