News on October 31, previously proposed by Alameda Research.
The FTX exchange token FTT and BitDAO’s governance token BIT will be swapped. The proposal has been passed on SnapShot without a negative vote.
As previously reported, Alameda Research initiated the BIP-4 proposal to BitDAO. It is hoped that the FTT exchange token FTT and BitDAO’s governance token BIT will be swapped.
The specific quantity is 100 million BIT (about 1% of the total) converted into 3.36 million FTT (about 1% of the total), valued at approximately 180 million U.S. dollars. In addition, both parties need to publicly state that they will not sell each other’s tokens within 3 years.