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Information

Data from
Issue Time
1970/01/01
Initial Price
US $ 0.00917634
Circulation/Max
1,000.00M/5.00B
Dominance
0.00%
ROI --%
$0.00917634$0.51016308
Low · 2022/11/102022/11/10 · High

Information

What is the description of the coin?

Mango Markets provides a single venue to lend, borrow, swap, and leverage-trade crypto assets through a powerful risk engine. Mango Markets is built on the Solana blockchain and utilizes Serum DEX for spot margin trading while perpetual futures are traded on Mango Markets' own order book. Mango Markets is governed by MNGO token holders via the Mango DAO. Mango Markets is completely open source, and we consider transparency vital for the project as it increases the number of people who understand and can improve the project. The DAO frequently sponsors grants for developers to extend, integrate with, or try to break the project.

Answers

What is Mango Markets (MNGO)?

Mango Markets (MNGO) aims to merge the liquidity and usability of CeFi with the permissionless innovation of DeFi at a lower cost to the end-user. It offers margin trading, lending, perpetual futures, and decentralized governance. Mango leverages the power of Solana blockchain and Serum DEX for lightning-speed trade execution and near-zero fees. The Mango Token is a governance token that allows token holders to upgrade the protocol and create incentives for participation.

Who Are the Founders of Mango?

Mango Markets was founded by Daffy Durairaj and Maximilian Schneider. The genesis of Mango began when Daffy posted a video of a command line margin trading mechanism on Solana. Maximilian discovered the video, connected with Daffy, and the two continued development to establish Mango Markets.

What Makes Mango Unique?

Mango's uniqueness lies in its combination of low latency, low transaction costs, and full decentralization. These key ingredients are made possible on the Solana blockchain. Mango aims to win the long game in financial services by providing usable tools with low latency, rock-bottom fees, and resilience against centralized incompetence or malevolence. The open governance model attracts top talent to build and govern the protocol, while the permissionless nature allows for countless experiments and life-changing innovations.

How Many MNGO Coins Are There in Circulation?

There are 1,000,000,000 MNGO coins in circulation.