Bytom will shift to DAO model, and Bytom blockchain will cease operations altogether
November 26th, 2023

According to the latest roadmap released by Bytom, recharges will be stopped and operations of the Bytom blockchain will be completely stopped. A complete transition to the DAO model will be completed within the next six months, effectively handing over control of the project to the community. The tokens will be converted to ERC-20 tokens and the detailed timeline and procedures for the migration will be communicated in a separate announcement. All tokens held by the Bytom Foundation (approximately 20%) will be allocated to the DAO treasury for community management. The BTM buyback quotation is $0.0345, and KYC procedures need to be completed. After the buyback period ends, all unclaimed tokens will be deposited into the DAO vault.

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