Please take time to read through MIP-22: Mantle Token Design, Conversion Parameters, and Asset Handling.
As a BIT delegate, bitembassy.eth will be casting 1,001,076 votes on behalf of the BIT Embassy community. Please signal your decision on MIP-22.
By voting "Yes", you endorse the following terms:
The Mantle token, $MNT, shall incorporate functions analogous to the "Upgradability" and "Mint" functions of the $ARB and $OP tokens.
The one-way token conversion ratio shall be set at 1 $BIT token to 1 $MNT token.
The Mantle core contributor team shall be authorized to determine the optimal timing and sequence for the delisting of $BIT tokens, listing of $MNT tokens, opening of conversion channels, and the Mantle Network Mainnet.
A DEX liquidity pool for $MNT-ETH may be created, utilizing the proceeds from the deconstructed $BIT-ETH pool, and with reference to the intent of BIP-10.
A temporary conversion treasury may be established to provide support for the token creation and conversion process.