Following community acceptance, BitDAO recommends replacing BitDAO’s token (BIT) with a new governance token, Mantle. Governance and treasury management will remain unaltered, but BIT holders will have to convert their tokens to the new token. Mantle’s mainnet launch is scheduled in the following weeks. BitDAO provides token-conversion rules and ratios that are equally applicable to all tokenholders. It also intends to strengthen its tokenomics by hastening donations and remaining vesting schedules from the time of its introduction in 2021. The idea is out for voting until May 19, and it has received 100% approval from over 25 million BIT votes.
BitDAO proposes to replace BIT token in branding revamp
