Mango Markets

Mango Markets

MNGO
$0.027122819%-5.42

Key Metrics

Price$0.027122819
Real Volume (24H)$200,938.6
Marketcap$27,122,819.43
Fully Diluted Valuation$100,000,000
ATH$0.498845
ATH DateN/A
ATL$0.172
ATL DateN/A
Circulating Supply1B
Total Supply10B
Popularity Rank917
Chart
What is Mango Markets?

Mango Markets (MNGO) is a decentralized finance (DeFi) platform that aims to merge the benefits of centralized finance (CeFi) with the innovations of DeFi, all while keeping the end cost to users low. Mango offers margin trading, lending, and perpetual futures trading, along with decentralized governance to decide the platform's future evolution. Mango aims to establish a permissionless ecosystem to encourage spectacular, outlandish, and unpredictable innovations that can potentially overtake centralized finance.

Mango harnesses the power of Solana, a high-performance blockchain, and Serum DEX, a decentralized, permissionless, central limit order book for margin trading. The platform boasts lightning-speed trade execution and near-zero fees, making it a formidable player in the DeFi space.

Mango's governance token, MNGO, gives token holders the power to upgrade the protocol as they see fit, with the only constraints being the checks-and-balances of the DAO. This allows token holders to create incentives to reward participation and drive usage of the protocol.

Mango Markets was founded by Daffy Durairaj and Maximilian Schneider. The platform's key differentiators are low latency, low transaction costs, and full decentralization. Mango believes that all three elements are necessary for the project to be viable and available on Solana. The platform aims to win the long game in financial services with usable tools, rock-bottom fees, and decentralization that makes it hard to compete against or kill through centralized incompetence or malevolence.

Open governance that allocates power and wealth liberally to builders attracts the best people to build and govern the protocol. Finally, Mango's permissionless nature allows millions of tiny experiments to take place, leading to life-changing innovations. Mango's vision is to establish an ecosystem that encourages transactions and economic activities between users actively.

In conclusion, Mango Markets is a DeFi platform that aims to merge the benefits of CeFi with the innovations of DeFi, all while keeping the end cost to users low. Mango offers margin trading, lending, and perpetual futures trading, along with decentralized governance to decide the platform's future evolution. With lightning-speed trade execution and near-zero fees, Mango harnesses the power of Solana and Serum DEX, making it a formidable player in the DeFi space. Mango's governance token, MNGO, gives token holders the power to upgrade the protocol and create incentives to drive usage of the platform. Mango's vision is to establish an ecosystem that encourages transactions and economic activities between users actively.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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