Thank you to everyone that joined our recent AMAs about this proposal!
In case you missed our first AMA check out the recap resource below 
Don’t forget to vote by May 19, 2023, 11:00 AM UTC:
https://snapshot.org/#/bitdao.eth
Firstly, I want to commend the author of the proposal for their well-researched and detailed approach. It is evident that they have thoroughly analyzed the current tokenomics and branding strategy of BitDAO and have proposed some thoughtful suggestions for improvement.
I believe that this proposal has the potential to create significant benefits for BitDAO and its token holders. By optimizing the branding strategy and tokenomics, BitDAO can increase awareness and adoption of its platform, as well as provide more value to its token holders. I look forward to seeing how this proposal progresses and the positive impact it may have on the BitDAO community.
I like the new tokenomics. It lets people not mess up with the whole ecosystem.
一个平台，一个代币，即保证品牌效应，又粘合了社区
I believe that any upgrade always leads to something good, so I believe that the team knows what they are doing and from the outside it looks promising and will not affect the community
I’m looking forward to the creation of a simple token, a new brand, and a new icon.
It asks for details of exactly what is born and what is changed.
It is very interesting to see that.
How can we ensure that after the replace to Mantle, and the asset from BIT and from holders are not affected, I mean in term of the worth of asset
In case you missed our second AMA check out the recap resource below
(Click here to find links to our first AMA about the proposal.)
Don’t forget to vote by May 19, 2023, 11:00 AM UTC:
https://snapshot.org/#/bitdao.eth
Voting on BIP-21 has closed. The proposal has passed with 235M BIT voting Yes and 998 BIT voting No. With the passing of BIP-21, the following actions will be taken:
Position Mantle as the unified ecosystem brand with a product focus.
Authorize a token conversion plan.
Simplify tokenomics for a fresh start for the Mantle Network Mainnet, and token listings.
Thanks to all for contributing to the conversation here, and stay tuned for the upcoming discussion on the token conversion plan.
Smart decision, I know this has been looked into with great in-depth also knowing that Mantle network can bring more people in with a new token I will also want to know if there’ll be a relationship between bybit and bitdao after rebrand?
This proposal is very interesting and have strong base. If Mantle team will keep low fees with trx speed and high chain security Mantle might be one of the strongest player in blockchainverse.
I fully support this proposal, this will be great for both the community with clear goals for DAOs.
With the token acceleration, I’m in full support as well as this will give the new token a better tokenomics and more even distribution.
Testnet is a very good experience; Does the new token have an impact on processing speed and gas fee optimization ?
I very much agree, the proposal aims to introduce branding and structural changes that lead to the long-term prosperity of the greatest token holders. Provides maximum chances of success for key products (such as the Mantle Network) and maintains the governance and economic rights of token holders.
I believe that both the community and DAOs will benefit greatly from this.
Additionally, this will aid in properly communicating information about Mantle Chain operations, such as upcoming initiatives and Token connections to the chain.
I think one coin one brand is most important for BitDao Ecosystem
Hi, have you found the answers to these questions yet? Thanks.
Hey RRR123, unfortunately not, however, we’ve been working on a proposal to roll out a credit market for $MANTLE here: [DISCUSSION] How Zero-Liquidation Loans can propel BitDAO’s role as the World’s Leading Investment DAO - #5 by 0xDenis
The Mantle treasury could be the lender to earn yield on its stable reserves while giving $MANTLE holders the ability to use their tokens as collateral and borrow against them. So all in all this is a really unique mutually beneficial growth opportunity for both the Mantle treasury and the community.
And the cool thing about this would be that the integration would be super lean, as one wouldn’t necessarily need oracles to do this, hence the community could push this forward sovereignly and independently without having to wait for anyone or anything outside of Mantle.
Please support our proposal to get the ball rolling and make this idea reality!
I’m particularly interested to know how the bitdao tokens currently used as collateral for loans can be converted to the new Mantle tokens. Would it happen in the same manner as the conversion of other bitdao tokens that are not currently staked or used as collateral? In my view, if the collateral can be converted normally from bitdao tokens to Mantle tokens and the loan term continues then this would not be an issue to all users who have crypto loans with bitdao tokens used as collateral.
Nice, good job guys. I think that only clearly thought-out tokenomics including good design and strict adherence to the plan will make the project rocket
