A proposition looking for to use a “One Brand, One token” concept has actually been pressed to a vote on BitDAO’s Snapshot and requires replacing BitDAO’s token (BIT) under a brand-new governance token. Snapshot acts as an off-chain governance ballot platform for decentralized self-governing companies (DAOs) and other blockchain jobs.
According to proposition BIP-21, the BitDAO community — governance (BitDAO) and item (Mantle) — will be combined as Mantle. Governance procedures and treasury management will stay the same, however after neighborhood approval, BIT holders will go through a token-conversion procedure for the brand-new Mantle token.
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