MIP-23: $MNT Supply Optimization in Preparation for Launch Vote here: snapshot.org/#/bitdao.eth/pr…

This proposal is triggered by the upcoming deployment of $MNT token as authorized by BIP-21 and MIP-22. We received a lot of community feedback regarding the high fully diluted supply of $BIT and $MNT. This is an opportunity to optimize numbers before the $MNT token launch.

By voting "Yes", you endorse the following terms: 1️⃣ Non-conversion of 3 billion $BIT tokens: 3bln $BIT currently held in Mantle Treasury will not be converted to $MNT. This will effectively reduce the fully diluted supply of $MNT at launch by 3bln tokens when compared to $BIT.

2️⃣ Non-converted $BIT tokens will be sent to the nominated burn address. For additional details on this address please refer to the following research article: github.com/windranger-io/pub….