What Is Mango (MNGO)?

What Is Mango (MNGO)? Complete Guide Review About Mango.

What Is Mango (MNGO)?

Earn interest on deposits and take out fully collateralized loans against existing assets. The Mango protocol’s risk engine allows you to withdraw borrowed capital when you need. Mango wants to merge the liquidity and usability of CeFi with the permission less innovation of DeFi. All your work is open source for anyone to use and contribute.

All pieces of the MNGO protocol puzzle are completely open source. Run it, mod it, improve it, they are a community driven organization. They always welcome new contributors! They commit to distribute the largest portion of the DAO’s power and wealth to future contributors.

Mango Storage Key Points

Coin BasicInformation
Coin NameMango
Short NameMNGO
Circulating Supply1.00B MNGO
Total Supply10,000,000,000
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

The Mango Vision

MNGO intends to merge the liquidity and usability of CeFi with the permission less innovation of DeFi at a lower cost to the end user than both currently provide. Towards this goal, Mango offers margin trading and perpetual futures along with decentralized governance to decide the future evolution.

In the medium-term, the goal to rival centralized exchanges in trading volume is ambitious, but Mango see no substantial impediments for Mango Markets. In the long run, they believe a permission less ecosystem will produce spectacular, outlandish and unpredictable innovations which will overtake centralized finance.

Why Mango Markets Will Succeed

The key ingredients for this vision are low latency, low transaction cost and full decentralization. MNGO believe all three ingredients are necessary for the project to be viable and all three ingredients are finally available on Solana. Ultimately, they intends to win the long game in financial services. Low latency makes your tools usable. Rock bottom fees makes MNGO hard to compete against. Decentralization makes Mango hard to kill through centralized incompetence or malevolence.

Latency

The Solana blockchain provides block times of roughly one second. Although one second is still noticeable, MNGO intended 400ms latency target approaches the limit of human perception.The obvious benefit of low latency is usability—most people get anxious waiting on the status of their transaction. But while reducing user anxiety is important, there is another, oft-ignored benefit of low latency better liquidity.

Liquidity providers’ quote spreads are directly proportional to the time required to change the quote. Mango The longer it takes to change a price quote, the larger the risk of significant market movement to the market maker and the wider his quotes must be. At the current one second latency, they believe the raw bid-ask spread can be competitive with centralized exchanges.

Transaction Costs

Low transaction costs are arguably the raison d’etre of finance. Mango believe a financial innovation must lower transaction costs to be a full improvement. Therefore, the cost per transaction on all MNGO financial tools will be comparable to or lower than the costs in CeFi. They believe this must be true.

Lower costs indicate efficiency and more efficient protocols and tools tend to win in the long run. It is not possible to escape fees—service providers (e.g. liquidators, insurance fund, developers) on MNGO protocols must be compensated. However, Mango will err on the side of lower fees.

Decentralization

Trying to achieve competitive latency and cost by centralizing key components (e.g. the order book) will fail in the long run. Centralizing any component is a security risk and severely harms composability. Ultimately, the centralizer decides how other apps may interact with the centralized component and the centralizer neither has the incentive nor the bandwidth to allow all interested parties to participate in the improvements. As a result, centralizing key components gives up the immense upsides of permission less innovation. Mango Markets will retain the upside.

No Presales, Decentralized Governance

The Mango Token will govern the protocol. The vast majority of they will be locked in the DAO treasury to be distributed according to token holder wishes. That being said, your vision is that governance ought to reward the people who provide protocol services (e.g. liquidity providers, oracles) and the people who build new protocol services (e.g. developers, or other contributors).

The commitment to distribute the largest portion of the Mango power and wealth to future contributors will encourage the most skilled and ambitious builders to join. Finally, in accordance with the crypto ethos of transparency and equal access there will be no pre-sale of tokens.