Golden Finance reported that BitDAO's MIP-22 proposal has been successfully passed, with about 170 million BIT tokens voting in favor and 655 BIT tokens voting against. With the passage of MIP-22, the following actions will be taken: - Mantle token MNT will join the "upgradeable" and "coinage" functions similar to ARB and OP. - The one-way token conversion ratio will be set at 1 BIT token for 1 Mantle's MNT token. - The Mantle core contribution team will be authorized to determine the best time and sequence for the delisting of $BIT tokens, the listing of MNT tokens, the opening of conversion channels, and the launch of the Mantle network mainnet. - A MNT-ETH decentralized exchange liquidity pool may be created to utilize funds from the withdrawn BIT-ETH pool. - A temporary conversion reserve may be established to provide support for the token creation and conversion process.
