What is Mande Network(MAND)? Proof-of-Credibility, and the Trusted Future of Web3

Bittime – Mande Network (MANDE) is a blockchain project focused on building an open on-chain reputation layer for Web3. The platform uses Dymension technology with a roll-up from Dymension and offers a variety of innovative features to increase trust and transparency in the Web3 ecosystem.

Feature:

• Proof-of-Credibility (PoC): This is the essence of Mande Network. It uses a voting system between users with MAND tokens to rate and assign credibility scores to other participants.
• Decentralized Reputation System: Mande Network provides tools for developers. This is a Proof-of-Credibility Software Development Kit (SDK) that allows them to integrate systems for building reputation directly into their DApps.
• Layer 2 Protocol: Mande Network operates on a separate layer on top of the existing blockchain, likely for efficiency reasons. Each address at Layer 2 represents a participant in the network.

Product:

• MAND Coin : This is the cryptocurrency used in Mande Network. Used for voting in Proof-of-Credibility systems.
• PoC SDK : This is the developer tool mentioned earlier. This is software that allows developers to integrate Mande's reputation system into their decentralized applications.

Also read Mande Network: Web3 Reputation, Testnet Rewards & $MAND Token Airdrop!

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Tokenomic $MAND: Main Pillars of Mande Network

The $MAND token is at the heart of the Mande Network, serving as the primary key to three critical functions that power the network's operations and value:

Governance Empowerment

$MAND token holders have the privilege to engage in Mande Network governance by depositing their tokens. This gives them the power to influence the future of the network through active participation in proposal voting and strategic decision making, similar to the reward systems seen in DPoS blockchain models.

Facilitate Transactions

Mande Network operates smoothly thanks to the $MAND token, which is used to cover transactional gas fees. This ensures continuous operation and efficiency of the network, with users playing a direct role in its maintenance.

Increase Confidence

A new feature of Mande Network is the use of $MAND tokens to deposit on peer credibility. This innovative system increases the network's trust quota by allowing users to increase each other's reputation scores, fostering a supportive and collaborative environment.

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Model Economy Token $MAN

The initial offering of $MAND tokens is capped at 20 million, with a well-structured inflation schedule that supports network activity. The inflation rate starts at 54% and is halved every two years, creating a balance between reward distribution and token value preservation.

The total supply is projected to reach a maximum of 100 million $MAND tokens over two decades.

Circulating Supply Allocation

The distribution of newly minted tokens is as follows:

• Rewards for Credibility Staking : 30% of each block's tokens are allocated to users according to their CRED score, managed via a DApp on app.mande.network.
• Rewards for Governance Staking : An additional 30% of each block rewards those who deposit with the governor, encouraging governance engagement.
• Ecosystem Development Grant : 20% of each block goes to the team developing Mande Network, promoting innovation and expansion.
• Core Team Support : The final 20% supports Mande Network's core team, specifically those managing RollApp's sequencer nodes, ensuring decentralization is maintained even if the original team steps down.

Use Case of MAND Token

Mande Network tokenomics is cleverly designed to align the interests of all stakeholders, with a strong emphasis on trust and credibility through a Proof-of-Credibility system. $MAND token holders are not just investors but active contributors in the evolution of the network. Mande Labs remains committed to enhancing the network's capabilities, cementing its status as a pioneer in the realm of on-chain trust.

Also read: What is Solv (SOLV)? Reap Maximum Results from Your Crypto Assets!

The dynamic nature of the $MAND token's economic model, guided by the voice of the community, ensures that the network remains aligned with its evolving ecosystem, striving for a future that aligns with the collective aspirations of its members.

Token MAN

Mande Network uses a native token called MAND to run its platform. This token has various utilities, including:

• Governance: MAND holders can participate in network governance and vote on important proposals.
• Network Gas Fees: MAND is used to pay transaction fees on the Mande Network.
• Reputation Staking: Users can stake MAND to increase their reputation score, which can unlock access to exclusive features and benefits.

Tokenomics

• Total Supply: 200 million MAND
• Token Allocation:
  • 50% Strategic Reserves
  • 50% Community Drop
• Inflation Schedule:
  • Halving every two years
  • Maximum supply of 200 million MAND in 20 years

Market Predictions

Mande Network is still in the early stages of development, and it is difficult to predict the future price of MAND tokens. However, this project has great potential to grow as Web3 adoption becomes more widespread.

Team and Founders

The Mande Network team consists of experienced experts in the fields of blockchain, software development and finance. Some notable team members include:

• Sandeep M,: Co-founder
• Pratik Agarwal: Co-founder
• Sandeep Kumar: Head of Product
• Sandeep M: Advisor
• Deepanshu Tripathi : Advisor

Advantage:

• Focus on Reputation: Mande Network offers a unique solution to the issues of trust and transparency in Web3.
• Advanced Technology: The platform uses cutting-edge Dymension technology to ensure scalability and security.
• Strong Community: Mande Network has an active and growing community that supports this project.

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How to Buy Crypto from 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. 

Monitor price chart movements of 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.