Key Takeaways:
- Bybit embraces Mantle, facilitating BitDAO (BIT) to Mantle (MNT) metamorphosis starting June 22, 2023.
- A sleek, automated conversion process with a 1:1 token swap ratio ensures users sail smooth.
- BIT’s twilight hours mapped, with snapshots and conversion milestones chalked for July 17, 2023.
Bybit, the audacious crypto exchange, is about to roll out the red carpet for Mantle, as BitDAO’s butterfly moment is here! Unveiling its token conversion and rebranding support, Bybit is the cryptoverse’s maestro conducting this symphony. For users clutching onto BitDAO (BIT), prepare to see them re-emerge as Mantle (MNT) tokens.
Let’s dissect this crypto chrysalis. As the calendar flips to June 22, 2023, Bybit initiates its support, embarking on a journey to Mantle-land. BIT products and displays bid adieu, while Mantle-related products take center stage. This seamless transition, as fluid as water, ensures users won’t hit any turbulence.
Now, the nitty-gritty. As the token conversion extravaganza rolls, adjustments across Spot, Derivatives, Trading Tools, Fiat, and more will synchronize like a well-rehearsed ballet.
Hold onto your hats, as Bybit isn’t leaving you to grapple with the conversion. BIT tokens lounging in your Spot Account, Unified Trading Account, Inverse Derivatives Account, or any other hidey-holes, will be whisked to your Funding Account.
The grand spectacle of the snapshot will be on July 17, 2023, at 4 AM UTC, immortalizing your BIT holdings. Subsequently, an auto-conversion waltz sees BIT pirouette into MNT at a 1:1 ratio, all by 8 AM UTC. Mantle tokens now nestle in your Funding Account, ready to conquer worlds!
For those wishing to don the sorcerer’s hat, manual conversion adds another twist to the saga at 10 AM UTC on the same day. This rebranding and token conversion herald an epoch in the BitDAO chronicle.
With Bybit orchestrating the conversion with precision and flair, Mantle is poised to carve its place in the blockchain saga. The crypto community watches with bated breath as BIT spreads its Mantle wings!
