The tragic hack on September 23 last year has caused a huge loss for almost all Mixin Network users, and resulted in the issuing of around $150M MDT tokens.
It's very important to reduce the loss of all users for the healthy growth of Mixin Network. So we propose to let any willing MDT holders to convert the debt tokens to MAO tokens at the price of 6000MAO/MDT.
All converted MDT tokens will be locked in the MAO treasury permanently, so the treasury will become a huge MDT holder and has the right to receive any repayment or the claw back of hacked assets.
All circulating MAO holders have the right to share any money in the MAO treasury.