BitDAO

Layer2 solution Mantle Network announced its testnet has completed the v0.4.0 update on June 9th. Following the update, the <a target="_blank" href="https://tokeninsight.com/en/coins/bitdao/overview">$BIT</a> token on Mantle Network testnet has been renamed to $MNT (token contract remains the same), and the team has deployed a new token contract for $MNT and a migration contract on Goerli. Testers can use the migration contract to convert their Goerli $BIT to Goerli $MNT.Developers will need to find and mint test $MNT on Etherscan. Any working dApps deployed on Mantle Network testnet will need to make the change accordingly to continue running the latest network version.Mantle Network is an Optimistic Rollup developed by BitDAO. It uses a modular design, where the core functions of blockchain operation are performed on specialized layers, aiming for lower costs and better overall performance. Last week, BitDAO passed a governance proposal, approving the <a target="_blank" href="https://tokeninsight.com/en/news/bitdao-approved-proposal-mip-22-bit-will-be-converted-to-mnt-at-1-1">one-way token conversion from $BIT to $MNT</a> on a 1:1 basis.&nbsp;<a target="_blank" href="https://tokeninsight.com/en/cryptocurrencies">TokenInsight</a> is dedicated to covering the most important and cutting-edge trends in the world of crypto. If you have information to share with us, please feel free to contact our email <a href="mailto:news@tokeninsight.com">news@tokeninsight.com</a>. Your trust will be well respected.

Mantle Network Starts $BIT to $MNT Migration on Testnet

TokenInsight

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