MIP-22: Mantle Token Design, Conversion Parameters, and Asset Handling
Vote here: snapshot.org/#/bitdao.eth/proposal/0x950dac4d5715b8aa8eab29c484b1c9dd0eed161141262b0425874f65be4d9f8e
The following actions are proposed:
1️⃣ The Mantle token, $MNT, shall incorporate functions analogous to the "Upgradability" and "Mint" functions of the $ARB and $OP tokens.
2️⃣ The one-way token conversion ratio shall be set at 1 $BIT token to 1 $MNT token.
3️⃣ The Mantle core contributor team shall be authorized to determine the optimal timing and sequence for the delisting of $BIT tokens, listing of $MNT tokens, opening of conversion channels, and the Mantle Network Mainnet.
4️⃣ A DEX liquidity pool for $MNT-ETH may be created, utilizing the proceeds from the deconstructed $BIT-ETH pool, and with reference to the intent of BIP-10.
5️⃣ A temporary conversion treasury may be established to provide support for the token creation and conversion process.
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