Network Update: $BIT to $MNT Migration on Testnet
06/13/232 min read
Mantle Network Testnet completed its v0.4.0 update on June 9, 2023, which saw the creation of the new $MNT token on Goerli and the renaming of $BIT to $MNT on Mantle Network Tesnet.
This is the first token-related update since the passage of MIP-22, which covers the new $MNT token, including future token conversion channels and specifics, asset handling parameters, and more.
On layer 2 (L2), the $BIT token has undergone a rebranding following the BIP-21, and is now $MNT. This means that the token contract remains the same, but the symbol has changed to $MNT.
On Goerli, we have deployed a new token contract for $MNT (address shared below), and a migration contract that'll facilitate converting Goerli $BIT to Goerli $MNT that can be bridged and used on Mantle Network Testnet.
$MNT deployed on Goerli: https://goerli.etherscan.io/address/0xc1dC2d65A2243c22344E725677A3E3BEBD26E604
$BIT > $MNT migration contract deployed on Goerli: https://goerli.etherscan.io/address/0x144D9B7F34a4e3133C6F347886fBe2700c4cb268
What $MNT on Testnet Means for Developers
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.
For a step-by-step guide on how to mint $MNT and get started on your building journey on Mantle Network, read our guide.