Thread by @0xMantle

Fam, get a refresher from last week's discussion on the rebranding.

We've picked out 1️⃣0️⃣ highlights to digest before you jump into tonight's exciting AMA, with guest speakers from the #Mantle ecosystem sharing their insights on this new change 🧵

1. The rebranding helps align and make components of the ecosystem recognizable through a single token name, ticker symbol, and ecosystem name.

2. For the proposal to pass, a quorum of 100M $BIT tokens voting in favor of the change will need to be met (we've achieved this!).

3. While the voting process is clear, implementing a new token is much more technical, and thus takes more research and consideration for how it will be executed.

4. @BitDAO_Official & Mantle have the unwavering support of @Bybit_Official. By the end of the fixed schedule, Bybit will have contributed 2.7B more $BIT to the DAO.

5. BitDAO initiatives are their own separate entities; there'll be no changes to their role in the ecosystem.

6. A flexible token conversion period will be set out to make the process as convenient as possible for the greatest number of holders.

7. All governance rights and other utilities will remain the same post-conversion, and the new token will become Mantle’s native token.

8. Roadmap: Assuming the proposal passes, a clear timeline can be established once voting is complete and an audit has been conducted.

9. Mainnet: Committing to an exact date is difficult with so many moving parts involved, but sometime over summer is the current expectation.

10. Mantle’s massive growth across different channels and the excitement it has generated within the BitDAO community are the catalysts for this rebranding proposal.

The token conversion will more firmly establish Mantle Network’s central positioning within the BitDAO ecosystem.

Read the recap in full here: medium.com/0xmantle/mantl…