BitDAO (now Mantle)
@BitDAO_Official
Followers
55,750
Following
78
Media
88
Statuses
769
Following BIP-21, #BitDAO will merge with the Mantle Ecosystem. This account has been archived. Please follow @0xMantle .
On-chain
Joined April 2021
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If you're already following BitDAO, you might be interested in following
@bitdaoaembassy
.
Introducing BitDAO Aembasy — the community base layer for the $BIT ecosystem.
Join the community and earn $BIT:
2K
1K
1K
✅ BIP-18: $BIT Purchase Program, Jan 2023 has passed.
🎯 The Target Daily Purchase Amount (TDPA) will be set at 2.0M USDT per day starting Jan 1, 2023 for 50 days (total 100M USDT).
👉 Read the full proposal:
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527
BIP-6.1: the official launch of
@Edu_DAO
has passed.
This proposal approves:
• The adoption of selection criteria for the initial bootstrapping Steering Committee
• Disbursement of the first tranche of funding ($5.5m)
➡️Full proposal:
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86
451
1/ New Soft Proposal:
@the_matter_labs
x
@Mirana
: zkDAO Endowment
This proposal creates and funds a community owned
#zkSync
ecosystem accelerator with $200M that helps bootstrap the
@zksync
ecosystem, empowers builders, and enables the fractal growth of
#BitDAO
and all DAOs.
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After launching less than a year ago,
#BitDAO
has now become the world's largest DAO directed treasury.
BitDAO is a community dedicated to building the next generation of Web3 organizations from the ground up across industries like art, media, finance, technology, and more.
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Look out for a big announcement coming tomorrow. Take a wild guess at what we have in store for you!
Here’s a hint: ⛓️🔗🤝🏻
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(2/3)
The proposal requests the following:
✅ Cover operations during an up to 6-month long testnet.
✅ Approve budget allocation for Mantle Mainnet Phase 1 (First Year).
✅ Approve the disbursement of funds for Mantle Mainnet Phase 1.
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.
@Bybit_Official
, a major contributor of BitDAO, just announced a partnership with
@redbullracing
.
We welcome
@redbullracing
among the ranks of $BIT holders.
🏁 A new chapter begins.
📣 Announcing our partnership with 4x World Champions, Oracle Red Bull Racing
@RedBullRacing
!
🏎 A next level partnership 💪
#RaceToTheNextLevel
#F1
6K
7K
12K
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BIP-15: Deposit to a "Greedy" $BIT Vault
This proposal will enable the
#BitDAO
treasury and all other $BIT holders to earn yield while creating deeper $BIT liquidity on Uniswap V3.
Read more:
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1/2 Important PSA ⚠️
We'd like to notify the $BIT community that the majority of LPs for BIT-USDT and BIT-ETH pairs have been removed from major on-chain and decentralized exchanges in anticipation of the BIT to MNT migration happening on July 17.
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New proposal by
@AlamedaResearch
Co-authored by
@ajm_alameda
and
@cateatpeanut
BIP-4: Swap BIT for FTT (notional $180M)
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BIP-14: Updated Parameters and Initiatives
This proposal from
@benbybit
is inspired by community feedback regarding: 1) the pathway for decentralization of $BIT holdings & reduction of total supply; and 2) a focus on building & user adoption.
Read more:
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(1/4) [VOTING] BIP-18: $BIT Purchase Program, Jan 2023
This proposal is a parameter update to BIP-9: $BIT Purchase Program, and BIP-12.
✅ Set the Target Daily Purchase Amount (TDPA) at $2.0M USDT per day starting Jan 1, 2023 for 50 days (total $100M USDT)
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1/2 Community update on BIP-4: the 100M $BIT has been transferred to the original BIP-4 swap wallet .
Thanks
@AlamedaResearch
@carolinecapital
for the prompt response.
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[Soft Proposal Discussion]
✅ Token swap of $2M USDC for 11M $APEX
✅ Commitment from ApeX Protocol to prioritize the ApeX Pro deployment on the upcoming $BIT Network Project.
Proposed by Mariam and Lo
@n
of the
@OfficialApeXdex
Team.
Full proposal:
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BitDAO x MISO Airdrop Bonus — Available Now!
Eligible claimants include the first 90% of participants (by amount) of the BIT-ETH and BIT-SUSHI Sushi MISO auctions only.
An additional 0.012 ETH has been allocated to offset gas fees.
Claim rewards now:
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BIP-7:
@zkdao_official
is approved and will receive $200M in funding from the BitDAO treasury.
#zkDAO
marks a watershed moment for the growth of
@zksync
and the collective effort to scale Ethereum and beyond. To learn more, visit
We are live!
#zkDAO
, the newest
@zksync
ecosystem accelerator, has been approved by the
@BitDAO_Official
community and will have $200M at its disposal to help expand and build on
#zkSync
. Visit and reach out to get involved!
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"The partnership fee will be paid in a combination of cash and BIT, BitDAO's native governance token."
Probably nothing
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⏰ Reminder: $BIT Delegates, don't forget to vote on MIP-22: Mantle Token Design, Conversion Parameters, and Asset Handling
Voting ends Jun 7, 2023, 7:57AM UTC
Vote here:
MIP-22: Mantle Token Design, Conversion Parameters, and Asset Handling
Vote here:
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We would like to inform the BIT community about an upcoming migration of the BitDAO forum in accordance with BIP-21:
Please take note of the important migration details that have been posted in the forum:
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Following BIP-14, a total of 389,760,570 $BIT with a value of around $112,640,805 has been burned by sending to a burn address. Monthly burns will be posted to Medium as they happen.
You can also find the total amount burned at
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✅ [PASSED] MIP-22: Mantle Token Design, Conversion Parameters, and Asset Handling
➡️ Full proposal:
➡️ Snapshot:
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Happening now! Join Ben, Arjun and Igneus as they discuss ecosystem building on Mantle Network.
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[New Soft Proposal]
Proposed by:
@benbybit
, co-founder and CEO of
@Bybit_Official
1. Change Contribution Asset Mix to 100% $BIT
2. Burn contributed $BIT
3. Pause TDPA
4. Bybit to bootstrap BitNetwork (temporary name)
⬇️ View full proposal:
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(1/5) New Soft Proposal: $BIT Purchase Program
A soft proposal has been made by
@windrangerlabs
aimed at improving the economic connection between the
#BitDAO
Treasury and the $BIT token.
Read the full proposal here:
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(3/3) Follow the discussion here:
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Based on community feedback on analytics, we have worked with the Bybit team to review the calculations and some updates will be made.
The causes are: 🧵
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(1/4) New Soft Proposal: BitDAO Rebrand by
@windrangerlabs
The new . Building mutually beneficial Web3 ecosystems.
Check out the proposal:
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[DISCUSSION] Optimization of Brand, Token, and Tokenomics
A new soft proposal has been posted to the
#BitDAO
forum for discussion 🧵
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[DISCUSSION] Mantle zkEVM Research & Industry Collaboration
@0xMantle
opened a discussion to invite the $BIT community to provide feedback related to:
✅ Exploring a zkEVM network for Mantle Mainnet.
✅ The strategy of parallel development of the Mantle Optimistic network.
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1/
@Edu_DAO
has been approved and is the world’s first student-led multi-university DAO organization that will lead the charge in bringing the next generation of Web3 thinkers from 0 to 1. Hear from
@jonathantallen1
about what EduDAO is about and what it can accomplish. $BIT
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#ICYMI
: $633 million in funding from the BitDAO treasury has been allocated to different projects across the blockchain ecosystem:
Gaming ➡️
@game7_official
ETH Scaling ➡️
@zkdao_official
Education ➡️
@Edu_DAO
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BIP-8:
@PleasrDAO
x BitDAO has been approved and will receive $6.5M (95% ETH/USDT and 5% BIT) in funding. ✨
This partnership opens up joint opportunities within the Art and NFT categories for the
#BitDAO
ecosystem. 🤝
➡️ View the full proposal here:
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Soft-proposal for the creation of Game7, a $500M blockchain gaming acceleration DAO with
@FortePlatform
,
@BitDAO_Official
,
@AlamedaResearch
, and Mirana.
Authored by
@ronenkirsh
from and
@jonathantallen1
from .
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1/ The creation of
#Game7
, an organization that aims to accelerate the adoption and development of blockchain technology in the gaming industry, has been officially proposed to BitDAO as BIP-5. Vote now!
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BIP 7:
@zkdao_official
, the $200M accelerator for the
@zksync
ecosystem, is now officially proposed to the
#BitDAO
community. 100M $BIT is required to approve. The vote ends on Jan 27, 2022, @ 18:00 UTC, Vote on this proposal here:
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🚨 Update: [DISCUSSION] Mantle Token Design, Conversion Parameters, and Asset Handling
Key updates:
✅ The one-way token conversion ratio set at 1:1
✅ Implement a Conversion Cost Rebate Program
✅ Clarity around the Mint function and potential supply changes
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AfricaDAO's proposal to accelerate Web3 adoption across Africa has been approved to receive $20M in funding. ✨
➡️ View the full proposal here:
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✅ [PASSED] BIP-21: Optimization of Brand, Token, and Tokenomics
➡️ Full proposal:
➡️ Snapshot:
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#BitDAO
x MISO Completed
200M $BIT tokens were successfully MISOed 🍣
✅11,449 unique participants
✅Over 112,666 ETH and 2,511,100 SUSHI raised.
Read more:
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Zero knowledge curious?
zkEVM is a virtual machine that executes smart contracts in a way that's compatible with zero-knowledge-proof computation.
Get ZK educated in this
@BanklessHQ
episode with
@gluk64
,
@TrustlessState
&
@RyanSAdams
.
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🚨 Reminder: Stay alert to avoid scams!
There are currently no ongoing airdrops or staking rewards for BIT.
Community channel Mods and Admins will never DM you first.
Ensure you only join official BitDAO channels. Official channel links can be found at
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BIP-19: Mantle Budget (First Year)
Funding request:
• 10M $BIT & 14M $USDC for Testnet Opex
• 145M $BIT & 34M $USDC for Mainnet Opex
• 15,000 $ETH for gas fees
• Loan of 30M $BIT & $60M in major assets for canonical bridge & node delegation
Vote here
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BitDAO is Now on Onsen — Get 2x Reward Farms on
@SushiSwap
Stake BIT-ETH SLP and earn:
✅ BIT Swap Rewards
✅ SUSHI Swap Rewards
✅ BIT-ETH SushiSwap Swap Fees
Read more about it here:
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With over $1B in market cap,
#BitDAO
ranked among this week’s top five projects at
@KingData_com
.
Have you added $BIT to your watchlist yet?
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[New Soft Proposal]
#BitDAO
L1 Infrastructure
Opportunity: Unexplored infrastructure and L1 opportunity
Preferences:
•EVM equivalent
•Uses $BIT as native token
Proposed by:
@benbybit
, co-founder and CEO of
@Bybit_Official
⬇️ View full proposal:
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.
@SushiSwap
's Onsen ♨️🍣 double rewards program coming after the finalization of the BIT-SUSHI MISO auction:
Farm $BIT and $SUSHI by staking SLP tokens in the 2x reward farms tab on SushiSwap.
Stay tuned for more details.
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We are excited to announce our collaboration with
@SushiSwap
for BIT listing on MISO on Aug. 16 via a Dutch Auction with airdrops for early participants.
More about BIT x MISO
More about BitDAO
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Update regarding BitDAO Tokenomics (), as per the original schedule:
1. The final tranche of private sale vesting has been completed.
2. All BitDAO Treasury $BIT has been unlocked, with 2bln $BIT transferred to the main treasury.
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$BIT is now available on
@CoinoneOfficial
.
#bitdao
Welcome!🎉
@BitDAO_Official
#비트다오 $BIT 코인원에 상장됩니다.
Listing
#BitDAO
$BIT
@CoinoneOfficial
KRW market.
입금: 2022.1.14 10:00(KST)
거래: 2022.1.14 18:00(KST)
자세히 보기(More details)
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(3/4) Get involved with BitDAO governance by casting your vote for BIP-18 now:
For a BIP to pass, 100M must vote.
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NOTICE:
#BitDAO
forum maintenance will take place today (December 23, 2022).
Please reach out on Discord with any questions:
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It’s not just the AUM, but what’s being done with it.
#BitDAO
is cultivating an mutualistic ecosystem of builders with organizations like
@game7_official
,
@Edu_DAO
, and
@zkdao_official
already ramping up operations. More to come.
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The $320M in ETH raised from the BIT-ETH MISO auction has been contributed to the BitDAO treasury.
A general update will be available soon on Medium.
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Got a world-bending idea in need of creative and capital?
BitDAO is allocating millions to incubate + accelerate innovative DAOs including:
1️⃣ EduDAO (
@Edu_DAO
)
2️⃣ zkDAO (
@zkdao_official
)
3️⃣ Game7 (
@G7_DAO
)
🧵 Thread
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BIP-4: Swap $BIT for $FTT (with
@AlamedaResearch
) snapshot vote is successful and has been executed.
This is one of the largest DAO swaps to date.
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(1/3) [DISCUSSION] $BIT Purchase Program, Update Jan 2023
This soft proposal is a parameter update to BIP-9: $BIT Purchase Program and BIP-12.
✅ Set the Target Daily Purchase Amount (TDPA) at $2.0M USDT per day starting Jan 1, 2023 for 50 days (total $100M USDT)
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Happy Valentine’s Day to all the Builders out there. ❤️
Comment below with a project you think should partner with
#BitDAO
🤝
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The forum migration is complete. You can access the new official Mantle Governance forum here:
Important points:
✅ All ongoing discussions transferred
✅ The BitDAO forum is now read-only
Full details:
We would like to inform the BIT community about an upcoming migration of the BitDAO forum in accordance with BIP-21:
Please take note of the important migration details that have been posted in the forum:
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The BIT-ETH auction has concluded with over 112,000 ETH raised and over 9200 participants.
You can now claim your $BIT tokens.
Read more about it here:
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#BitDAO
is a decentralized community that seeks to achieve fractal growth by creating autonomous entities (AE) across art, media, finance, and technology. This network of Web3 organizations forms a massive community all leveraging the $BIT governance token.
1/
@Bybit_Official
has formed a DAO with the goal to fund different projects across the blockchain ecosystem: gaming, DAOs, DeFi, etc.
Instead of structuring like a decentralized venture fund,
@BitDAO_Official
is set out to fund and maintain entire blockchain ecosystems.
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Members of the community have privately sponsored the launch of new Chainlink Price Feeds on Ethereum for $BIT, enabling better integration into DeFi protocols.
@chainlink
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Learn more about the world's largest DAO-directed treasury.
Be a contributor, a partner, a holder, a voter to grow the BitDAO's ecosystem.
Find out more here:
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Universities are knowledge engines and that’s why a group within the
#BitDAO
community has published a soft proposal to create and fund an Education DAO to build the next generation of DAO tech and contribute to the growth of the BitDAO ecosystem.
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[DISCUSSION] Mantle Token Design, Conversion Parameters, and Asset Handling
A new soft proposal has been posted to the
#BitDAO
forum for discussion 🧵
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Set your reminder for our weekly community call!
We invite the entire
@BitDAO_Official
community to discuss ecosystem updates!
Joining us this week is
@duck_0x
to discuss their proposal -
BitDAO x Galleon: Delta-neutral, Yield generating Strategy
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The countdown is now live on
@SushiSwap
MISO launchpad.
$BIT Launch:
✅ Aug. 16, 2021, 1PM UTC
✅ 200M BIT Tokens
✅ Auction Type: Dutch Auction with bonus for early participants
✅ Participate with ETH or SUSHI
View more details here:
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(4/4) To vote on future BitDAO proposals, you must delegate your votes.
See how:
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(1/4) To create proposals, $BIT token holders must delegate their voting rights to an address.
Delegation can only be given to one address at a time, including the holder’s own address.
Learn how to delegate:
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1/ Members within the community have recently proposed BIP-6, the creation of
@Edu_DAO
, an autonomous entity (AE) consisting of students and faculty from eight prestigious universities from around the world
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New DAO tooling solutions will be the key to unlocking the full potential of DAO treasuries and empowering future builders. Join
@encodeclub
and the BitDAO community in a DAO hackathon for $50,000 in prizes.
1
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Based on community feedback, here is a proposal to allow the community to verify and monitor commitments to BIP-4: $BIT x FTT Swap. We hope to work with
@AlamedaResearch
on this.
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Representatives from BitDAO initiatives and
@SporkDAO
took to the stage
@EthereumDenver
.
Panelists addressed current challenges facing
#DAOs
and discussed a new approach using a two treasury solution — harmonizing the best of infrastructure and ecosystem building.
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BitDAO holds one of the most diverse treasury portfolios and is now the second largest treasury by AUM.
Assets under
#BitDAO
's treasury:
- $ETH
- $BIT
- $FTT
- $xSUSHI
- $USDT
- $USDC
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We're kicking off a series of AMAs with key stakeholders from BitDAO AEs!
Join us on 11/17 at 4pm GMT to discuss all things
@G7_DAO
with
@ronenkirsh
Tweet your questions for Ronen in the comments under this post with the hashtag
#AskBitDAO
(RSVP link coming soon!)
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Web3 builders, join us at
#StartInBlock
by
@ParisBlockWeek
a competition between the best early
#Web3
Startups
$2M in prizes up for grabs!
#BitDAO
prize: $15k in grants + marketing and ecosystem support for
@0xMantle
projects!
Apply by Feb. 20 ⤵️
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In order for $BIT to be used as a vote, the token holder must go through the delegation process.
Delegation of votes is permissionless. We encourage BIT token holders to identify other delegates to support with voting power.
Read more about it here:
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"We’re starting with these eight universities to prove the concept but will soon be onboarding hundreds of schools," -
@jonathantallen1
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✅ BIP-19: Mantle Budget (First Year) has passed.
This proposal presents a budget request to fund
@0xMantle
operations during a six-month testnet phase (subject to testing results and market conditions) and the first year of mainnet.
➡️Full proposal:
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2/2 For community confidence, we recommend that the swapped $BIT and $FTT remain held in our respective on-chain addresses until the end of the no-sale commitment period. Thanks.
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BitDAO continues to diversify its treasury so it can be future proof.
How many 80% drops do we need to go through before DAOs start diversifying their treasuries? 🤦🏻♂️
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NOTICE: A little house cleaning...
BitDAO Discourse migration is set for Friday, March 25, 2022, 12PM GMT
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.
@stefdelev
is helping provide language to define the future behavior of DAOs and
#BitDAO
is helping provide an example of how it could work in practice. From
@game7_official
to
@Edu_DAO
, BitDAO is a coordination layer building a massive DAO2DAO (D2D) ecosystem.
DAOs don't only represent a new way to organize, they show us a more human way to work together.
Our language should reflect that - we should treat DAOs more like organisms and habitats than like businesses.
We need to develop an ecology of DAOs.
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"BitDAO has so much breadth, and is able to have all of these experiments to really expedite the DAO community at large."
Reps from BitDAO-incubated projects were on stage at
#ETHDenver
last week to discuss sustainable web3 ecosystem building using a two treasury solution.
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$BIT Launch on
@Sushiswap
MISO — Happening Soon!
✅Participate with $ETH here:
✅Participate with $SUSHI here:
Read more about the auction details here:
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🎙️BitDAO x
@PleasrDAO
— Twitter Spaces
Join us on June 14, 1pm EST, for a discussion about DAO-to-DAO investments with:
@JuanPaDulanto
(Chief Operation Officer) &
@_jamiis
(Chief Pleasing Officer) from
@PleasrDAO
,
@0x7a99a
(Partner at
@windrangerlabs
)
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(1/3) BIP-9, $BIT purchase program started at 00:00 UTC on June 1, 2022.
The purchase program is executed by TWAP at $700k per day; roughly $21m per month.
The purchased $BIT will be contributed to BitDAO treasury on a monthly basis.
See details:
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What does the future hold for open gaming and Web3 gamers?
Join the upcoming Twitter Space with
@ronenkirsh
and cohosts
@sm_judge
(
@gitcoin
),
@polats
(
@OPGames_
),
@zomglings
(
@Moonstreamto
)
#opengaming
📆 March 9, 2022, 10AM EST
📍
@gitcoin
's GR13 | Open Gaming Twitter Spaces
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📢 Update regarding BitDAO x MISO Bonus Airdrop:
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Would you like to contribute to one of the world's largest
#DAOs
?
To learn more, join
@bitdaoaembassy
for their next community call every Tuesday in the Discord server!
➡️Become a community member:
16
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✅ [PASSED] BIP-20: Adjustments to Bybit Contributions to the BitDAO Treasury to Improve Tokenomics, Project Focus, and Decentralization
➡️ Full proposal:
➡️ Snapshot:
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MIP-22: Mantle Token Design, Conversion Parameters, and Asset Handling
Vote here:
15
22
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