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BIT EmbassyBIT Embassyby0xDA0E15Bac96FB88A6d2835cb2dA37f9c4CF500B9bitembassy.eth

How will BIT Embassy vote on MIP-22?

Voting ended over 2 years agoSucceeded

Please take time to read through MIP-22: Mantle Token Design, Conversion Parameters, and Asset Handling.

https://snapshot.org/#/bitdao.eth/proposal/0x950dac4d5715b8aa8eab29c484b1c9dd0eed161141262b0425874f65be4d9f8e

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:

  1. The Mantle token, $MNT, shall incorporate functions analogous to the "Upgradability" and "Mint" functions of the $ARB and $OP tokens.

  2. The one-way token conversion ratio shall be set at 1 $BIT token to 1 $MNT token.

  3. 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.

  4. 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.

  5. A temporary conversion treasury may be established to provide support for the token creation and conversion process.

Off-Chain Vote

Yes
57.42K BIT99.5%
No
273.44 BIT0.5%
Quorum:1154%
Download mobile app to vote

Discussion

BIT EmbassyHow will BIT Embassy vote on MIP-22?

Timeline

May 31, 2023Proposal created
May 31, 2023Proposal vote started
Jun 06, 2023Proposal vote ended
Sep 09, 2024Proposal updated