Correction of the token conversion ratio 1 BIT token to 1 MNT is good.
2 Likes
what about BIT on Bybit ?
3 Likes
1:3.14 seems cool in reference to the value of pi but hope there wonāt be a problem laterā¦ My opinion on that will be itās better to keep it under 1:1ā¦ but the developers know it better so leaving it into your hands.
3 Likes
Reminder to vote on MIP-22 on the bitdao.eth Snapshot:
Voting will close at 7:57AM UTC on June 6th, 2023
3 Likes
Voting on MIP-22 has closed. The proposal has passed with ~170M BIT voting Yes and 655 BIT voting No. With the passing of MIP-22, the following actions will be taken:
With the passing of MIP-22, the following actions will be taken:
The Mantle token, $MNT, shall incorporate functions analogous to the āUpgradabilityā and āMintā functions of $ARB and $OP.
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.
4 Likes
probably it will be replaced to MNT
2 Likes
Already agreed on mate
3 Likes
Token swap period and rate should be at least 1 -2 years
4 Likes
A very good opinion, I concur with this suggestion
3 Likes
I guess marketmaker has enough money to keep price in range.
2 Likes
Glad to see MIP-22 passed. 1=1 remains the best conversion rate from BIT to MNT.
1 Like