BitDAO, backed by popular cryptocurrency exchange Bybit, has submitted a proposal that proposes to merge all of its brands under the layer-2 blockchain Mantle.
BitDAO 12 May on, one brand one token by adopting the principle of “Mantle” offer to operate under the name to the community vote presented.
Your offer approval in case of of all platforms And of products It will unite under the name of Mantle. Mantle of BIT tokens with tokens will be replaced reported. However governance processes And treasury management policies will not change was found among the details addressed in the submitted proposal.
In the proposal, token conversions all governance rights and other will protect the interests way for users a fixed exchange rate and the transformation process will be processed over time specified.
In addition, the current offer approved single brand policy transition in case of token conversion planning for new One offer will also offer information given was among.
BitDAO, brand optimization BIT in the ecosystem to reduce complexity stated that he intended. Approximately 7 days by driving May 19th voting to end on 25 million too many BIT tokens have been used. The current state of the vote to 100% increasingly close One in proportion a merger watching over was recorded.
Proposed last year layer-2 blockchain project mantle, Peter Thiel, Dragonfly Capital And Pantera Capital like industry giants supported by.
