Buy Mango (MNGO)
What is Mango?
Mango (MNGO) is a decentralized finance (DeFi) platform designed to combine the liquidity and usability of centralized finance (CeFi) with the permissionless innovation of DeFi, aiming to reduce costs for users. The platform offers margin trading, lending, perpetual futures, and incorporates decentralized governance to guide its future development.
How does Mango work?
Mango operates on the Solana blockchain, utilising its high-speed and low-cost features for seamless trading experiences. It leverages a consensus mechanism involving Proof of Stake (PoS) with a variant called Proof of History (PoH). Mango uses smart contracts to facilitate decentralised governance and trading activities, allowing developers to contribute to the ecosystem. The platform provides cross-margin trading with up to 5x leverage and incorporates an oracle system to bring in spot prices from various exchanges.
What are the potential use cases for Mango?
- Decentralized governance: MNGO token holders can participate in governance decisions affecting the Mango Markets platform.
- Margin trading: The platform allows cross-margin trading using MNGO and other assets as collateral, offering up to 5x leverage.
- Lending: Users can borrow crypto assets based on their Mango Markets portfolio.
- Perpetual futures trading: Mango offers perpetual futures trading, enabling trades with leverage.
What is the history of Mango?
Mango Markets was founded by Maximilian Schneider and Daffy Durairaj in 2021. Despite some controversy regarding its founding, with claims from Alejandro Betancourt dating back to 2017, Mango officially launched in August 2021. It raised over $70 million during its initial 24-hour sale. Since then, Mango Markets has focused on providing a completely decentralized trading platform with features like low transaction costs, flash loans, and integration with the Solana blockchain and the Serum DEX for enhanced performance. The platform continues to evolve, emphasizing advanced security features and accessing all liquidity available on Solana.
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Frequently Asked Questions (FAQs)
What is the current price of Mango (MNGO)?
The Mango price is $0 AUD, representing a 0% from the day prior.
Where is the best place to buy Mango (MNGO) in Australia?
The best place to buy Mango (MNGO) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Mango (MNGO) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Mango (MNGO)?
The trading volume of Mango (MNGO) is $0 AUD in the last 24hrs, representing a 0% from the day prior.
How can I buy Mango (MNGO)?
Mango (MNGO) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Mango (MNGO)?
The current market cap of Mango (MNGO) is $0 AUD.
Can I convert Mango (MNGO) to cash?
Yes - With Coinstash you can convert your Mango (MNGO) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Mango (MNGO) are there?
The current circulating supply of Mango (MNGO) is 0.
Is Coinstash a safe place to buy Mango (MNGO) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Mango (MNGO) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.