On June 4-6, we are holding a vote on the question of moving BTCMT tokens used as HECO<>BSC bridge liquidity from the HECO blockchain to the BNB blockchain, with their subsequent transfer to the liquidity of the decentralized PancakeSwap exchange.
This decision is long overdue because the HECO blockchain has not been developed for a long time, and there is no point in keeping 2.4 million BTCMT tokens in it. These tokens were previously mostly used as MDEX exchange liquidity, and are now utilized as HECO<>BNB bridge liquidity.
We would like to avoid the loss of these tokens due to the possible HECO shutdown, and send them to increase trading liquidity on PancakeSwap in the BNB blockchain.
We suggest you read more about the benefits and technical details of liquidity transfer in the voting text itself, and to cast your vote for either option on the appointed dates.
"HECO is dead, let's admit it, transfer as many tokens as possible to the BNB chain and continue to move forward and develop!" - Nick, Minto CEO
On June 6, 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.