Mantle Network Starts $BIT to $MNT Migration on Testnet

Layer2 solution Mantle Network announced its testnet has completed the v0.4.0 update on June 9th. Following the update, the $BIT 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 one-way token conversion from $BIT to $MNT on a 1:1 basis.