“HECO is dead. Let's admit it, transfer as many tokens as possible to BNB, continue to move forward and develop”, — Nick, CEO Minto.
YES, it’s a new Votewhich starts tomorrow. What are we actually proposing?
Context: Remember Vote 2? We were previously present on HECO and then decided to migrate to the BNB Chain. So there are still about 2.4M $BTCMT left in there, 95,71% of which were used as liquidity in the HECO<>BNB bridge. Now we are proposing to move them to the BNB chain, and then transfer them to DEX (PancakeSwap) liquidity. Why? To minimize the risks of liquidity loss associated with the possible HECO chain shutdown.
What’s the process? ➡️ We withdraw liquidity from the HECO chain ➡️ We burn the withdrawn tokens ➡️ We mint them on the BNB Chain ➡️ And finally replenish the Pancake Swap liquidity pool with freshly minted tokens
Desired result: increased liquidity on PancakeSwap, yay!
P.S. Every step will be covered here as always. And those who didn't swap tokens from HECO to BNB could get our help with it. You will have 2 days to vote for or against these changes. The weight of your vote will be proportionate to the number of tokens you own.
The vote count is in. Please note that voting is over 🗳
100% voted ‘for’ the switch, so we are at a low start to take action. We will keep you updated during the whole process: from burning the old tokens on the HECO chain to sending them to the PancakeSwap liquidity pool.
First deadline: June 12, 09:00 AM UTC(+00). By that time we will have eliminated all BTCMT on HECO.
Congrats to everyone involved! And for those still on HECO — please let us know. We’ll explain the next steps.
Second, we are happy to officially announce the independence of our dashboard!
Why? It’s a necessary step to make your interaction with Minto more convenient and intuitive. Now we are working on its structure and functionality. We will tell you about new features soon!
