The original chain will transition to Bytom DAO, and the Bytom blockchain will cease operation completely

ChainCatcher message, according to the new version of the white paper, BytomDAO (Bytom) officially posted on platform X stating that BMC has suspended all deposit functions, and all users should withdraw any BMC-related assets in a timely manner. This suspension will take effect at 17:00 Beijing time on December 8.

The temporary autonomous committee has decided to exit a time-limited buyback initiative, effective immediately and lasting until 17:00 Beijing time on December 15. This buyback specifically targets early ICO participants who have not claimed tokens and those who have claimed tokens. The buyback price is set at 0.0345 $USDT /BTM. After the buyback period ends, all unclaimed tokens will be donated to the DAO treasury.

Previously, Bytom released a new version of the white paper, announcing the transition to the third phase—Bytom DAO. The project fully embraces AI from the public chain track and transforms into a technology-friendly project. Specific details include:

• Suspension of Bytom blockchain applications and comprehensive token migration;
• The Bytom blockchain will cease operations and provide a seamless exit process for staking nodes;
• TAC will take over all daily management and permissions of the Bytom Foundation and complete the transition to DAO mode within the next 6 months, effectively handing over project control to the community;
• Launch of the DAO governance mechanism. The Technical Advisory Committee will be responsible for announcing the DAO governance mechanism and initiating the community voting process;
• Once the DAO governance mechanism is operational, the AI ecosystem fund will be launched simultaneously.