NOTICE:

BitDAO forum maintenance will take place today (December 23, 2022).

Please reach out on Telegram with any questions.

Happening now! Join Ben, Arjun and Igneus as they discuss ecosystem building on Mantle Network.
https://twitter.com/0xMantle/status/1614993795166392320

Two important discussions were posted to the BitDAO forum today. Please take a look and drop any questions in the comments!

https://twitter.com/BitDAO_Official/status/1629772197177995267

https://twitter.com/BitDAO_Official/status/1629723778359128064

[DISCUSSION] Adjustments to Bybit Contributions to the BitDAO Treasury to Improve Tokenomics, Project Focus, and Decentralization

A new soft proposal has been posted to the #BitDAO forum for discussion 🧵

https://discourse.bitdao.io/t/discussion-adjustments-to-bybit-contributions-to-the-bitdao-treasury-to-improve-tokenomics-project-focus-and-decentralization/4876

https://twitter.com/BitDAO_Official/status/1636024489392898050?s=20

[DISCUSSION] Optimization of Brand, Token, and Tokenomics

A new soft proposal has been posted to the BitDAO forum for discussion. This proposal aims to recommend changes to branding and structuring that lead to the greatest long-term token holder prosperity, provide the greatest chances of success for core protocols (e.g., Mantle Network), and preserve the governance and economic rights of token holders.

The following actions are proposed:

1️⃣ Apply a "one-brand, one token" principle to position http://mantle.xyz/ as the unified ecosystem brand with a product focus and authorize a token conversion plan.

2️⃣ Simplify tokenomics for a clean start to the Mantle Network mainnet.

Join the discussion here: https://discourse.bitdao.io/t/discussion-optimization-of-brand-token-and-tokenomics/5327

BIP-21: Optimization of Brand, Token, and Tokenomics is live on Snapshot for voting.

Starts on:
12 May 23 11:00 UTC

Ends on:
19 May 23 11:00 UTC

Read the proposal and VOTE here:

https://snapshot.org/#/bitdao.eth/proposal/0xe81f852d90ba80929b1f19683da14b334d63b31cb94e53249b8caed715475693

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❓ FAQ
Q: I have delegated BIT but cannot vote, why?
A: To vote, you must delegate your BIT before the voting starts. If you delegate after the vote starts you will have to wait for the next proposal in order to vote.

Q: How do I delegate
A:Check out the tutorials here: https://docs.bitdao.io/litepaper-1/delegation

Q: Where can I learn more about delegation and BitDAO Governance?
A: https://docs.bitdao.io/litepaper-1

We would like to inform the BIT community about an upcoming migration of the BitDAO forum in accordance with BIP-21.

Please take note of the important migration details that have been posted in the forum: https://bitdao.to/forum-migration

There will be an AMA to discuss the new $MNT token and conversion parameters proposal. Set a reminder to join tomorrow May 25 at 2PM UTC:

https://twitter.com/0xMantle/status/1661311293532540928

An update has been posted on the Mantle forum regarding the recent token proposal: [DISCUSSION] Mantle Token Design, Conversion Parameters, and Asset Handling

Key updates:
✅ The one-way token conversion ratio set at 1:1
✅ Implement a Conversion Cost Rebate Program
✅ Clarity around the Mint function and potential supply changes

For complete details, please refer to the update post on the forum:
https://forum.mantle.xyz/t/discussion-mantle-token-design-conversion-parameters-and-asset-handling/6352/2

🚨 Reminder: Stay alert to avoid scams!

There are currently no ongoing airdrops or staking rewards for BIT.

Community channel Mods and Admins will never DM you first.

Official Mantle channel links can be found at - ⁠https://www.mantle.xyz/
Official BitDAO channel links can be found at - https://bitdao.io/

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⁠Please report any scammers by tagging an admin in this group.