[PASSED] MIP-27: Clarification of $BIT to $MNT migration policy and service

Vote for Yes. It is better to prevent FTX from automatic migration to $MNT.

3 Likes

Will vote “YES.” Having no interest or participation in any iteration of FTX 2.0 I think is the best option, especially considering that they very well may dump the tokens to fund other endeavors.

4 Likes

Yes. Agreed. Please asap easy for investors to convert BIT to MNT

4 Likes

Agreed. Please asap easy for investors to convert BIT to MNT

3 Likes

my vote Absolutely (yes)

3 Likes

I believe this will be the first 100% agree proposal in Mantle

3 Likes

Option two sounds like the best option how to go forward :slight_smile:

3 Likes

Agreed. The web3 & crypto community as a whole should not have endure consequences of FTX’s actions.

3 Likes

yes, I agree

$MNT is a product of the DAO-governed Mantle, and there is no guaranteed right of migration from $BIT to $MNT. FTX Group’s $BIT tokens should not automatically convert to $MNT due to various disqualifying factors.

3 Likes

MIP-27: Clarification of $BIT to $MNT migration policy and service has been officially proposed.

Voting ends on September 12, 2023 at 5:41AM UTC

:arrow_right: Cast your vote now

2 Likes

where is more information on this? I didn’t purchase on FTX, I purchased on DEX and I can’t migrate.

2 Likes

I agree Yes, I believe this Proposal is pass.

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There is no good solution.
Freezing inconsistent with the provisions of the contract is possible costs of lawsuits, moreover, we are making a big bag of tokens that will later hit the market in a short time.
On the other hand, it cannot be that there is no possibility of enforcing compliance with the terms of the contract and everything depends on FTX

2 Likes

I agree Yes, Great option.

4 Likes

agree with this proposal, FTX is bankrupt now and the terms in which BIT was sold cannot be held now. They should not be allowed to migrate to MNT automatically.

3 Likes

i vote "YES’ sure , i agree sir. ftx is the past, I quite feel the bitterness of investors, I think Mnt has its own success

2 Likes

This proposal has passed with 175M MNT/BIT voting Yes and 4.2K MNT/BIT voting No

https://snapshot.org/#/bitdao.eth/proposal/0x00625c4f2d9aa9d4efb41ef3d0942194ca2087fae0599deced8b8ed86372c6c2

This discussion will be archived.

3 Likes

Let’s objectively weigh risks and rewards.
Agreed :star_struck:

2 Likes

Voting “Yes” Agreed with both following terms:

if we let migration from $BIT to $MNT. I thought a lot of price impact can be expect / mantle will be cant manage risk and if dump migration happen all MNT did will collapse including MNT holder

2 Likes

Addition even if it took a long time but finally that day will come