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Change project licence?

I have an opensource (python) project under GPL3 licence. I wish switch to MIT licence so as to make it more permissive.
I know how to change the licence, but I want to know is it fine and wise to change the licence at this point?
(The project already has 19 clones, 250+ GitHub stars. Here: https://github.com/kryptxy/torrench)

Thank you.