The precept of “One model, one model” was proposed. pushed vote on the BitDAO snapshot and requires changing the BitDAO Token (BIT) with a brand new management token. Snapshot is an off-chain governance voting platform for decentralized autonomous organizations (DAOs) and different blockchain initiatives.
Underneath the BIP-21 proposal, the BitDAO ecosystem β governance (BitDAO) and product (Mantle) β can be unified as Mantle. Governance processes and treasury administration will stay unchanged, however BIT holders will bear a token conversion course of for the brand new Mantle token after group approval.
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