What is Mango (MNGO)? Combining CeFi Liquidity and DeFi Innovation

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Bittime -Mango (MNGO) is a decentralized exchange (DEX) token built on the Solana blockchain. It offers features such as margin trading, lending, and perpetual futures. Founded in 2021 by Daffy Durairaj and Maximilian Schneider, Mango aims to combine the liquidity and usability of CeFi with the innovation of permissionless DeFi at lower costs to end users.

What is Mango (MNGO)?

Mango is a decentralized margin trading protocol built on Solana . It allows users to trade various crypto assets with up to 10x leverage . Mango also offers features such as lending, perpetual futures, and liquidity aggregation from various DEXs.

Mango (MNGO) main Products & Features

• Safer and Faster Margin Trading: Through permissionless token listings and a community-governed protocol, Mango offers innovative security features to protect user funds and enable users to trade a variety of tokens and crypto assets.
• Margin Trading: Mango allows users to leverage trade various tokens and crypto assets up to 10x, allowing users to potentially increase their returns.
• Deep Liquidity: By accessing all available liquidity on Solana, Mango offers users the best prices when trading tokens and crypto assets.
• Competitive Fees: Mango offers low fees for taker trades and rebates for maker trades, along with the benefits of very low Solana transaction fees.
• Cross Margin Accounts: Mango allows users to leverage their entire portfolio across all positions and open multiple accounts to manage risk.
• Flash Loans: Mango allows users to trade tokens with up to 5x leverage and access the best aggregate prices from all top DEXs.

Also read: Getting to know Leased Proof-of-Stake (LPoS)

What are MNGOs?

MNGO is the native governance token of the Mango protocol. MNGO holders have voting rights on protocol changes, including adding new features, adjusting risk parameters, and managing the Mango DAO treasury.

Tokenomic Token MNGO

• Total Supply: 10,000,000,000 MNGO
• Circulating Supply: 1,000,000,000 MNGO
• Market Cap: IDR 224,903,876,246 (as of February 2024)

Also read:

Mango (MNGO) Fundamental Analysis

• Competitive Advantage: Mango offers a unique combination of margin trading, lending, perpetual futures, and liquidity aggregation in a decentralized platform.
• Experienced Team: The Mango team consists of experienced professionals in finance and blockchain technology.
• Active Community: Mango has an active and growing community that supports the growth of the protocol.

Comparison of Mango (MNGO) & Competitors

Founder & Team Mango (MNGO)

• Daffy Durairaj: Co-Founder
• Maximilian Schneider: Co-Founder

Expert Opinion About Mango (MNGO)

Finding expert opinions on Mango (MNGO) from reliable sources is currently difficult. However, Mango has an experienced team and an active community, which is a positive indicator for the future of the protocol.

Conclusion

Mango is an innovative decentralized margin trading protocol that offers users a variety of features, including margin trading, lending, perpetual futures, and liquidity aggregation. MNGO is the native governance token of the Mango protocol and gives its holders voting rights on protocol changes. Mango has the potential to become a major player in the DeFi space, but it is important to do your own research before investing in any cryptocurrency.

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via  Bittime .  Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on  Bittime ,  make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into  your wallet . For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn  Complete Guide How to Buy Crypto on Bittime .

Monitor price chart movements  for Bitcoin (BTC) ,  Ethereum (ETH ) ,  Solana (SOL)  and other cryptos to find out today's crypto market trends in real-time on Bittime.

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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.