Mango

MNGO Price

What is Mango Markets (MNGO)?

Mango intends to merge the liquidity and usability of CeFi with the permissionless innovation of DeFi at a lower cost to the end user than both currently provide. Towards this goal, Mango offers margin trading, lending, and perpetual futures along with decentralized governance to decide the future evolution. In the long run, Mango’s permissionless ecosystem encourages spectacular, outlandish and unpredictable innovations possible of overtaking centralized finance.
With lightning-speed trade execution and  near-zero fees, Mango harnesses the power of Solana, a high-performance blockchain, as well as Serum DEX, a decentralized, permissionless, central limit order book for margin trading. 
The Mango Token is a governance token, first and foremost. Collectively, the token holders have the power to upgrade the protocol as they see fit, only constrained by the checks-and-balances of the DAO. This allows token holders to create incentives to reward participation and drive usage of the protocol.

Who Are the Founders of Mango? 

Mango’s genesis began when Daffy Durairaj posted a video of a command line margin trading mechanism on Solana. Maximilian Schneider discovered the video, connected with Daffy on Discord and the two continued development and founded Mango Markets. 

What Makes Mango Unique?

The key ingredients for this vision are low latency, low transaction cost and full decentralization. We believe all three ingredients are necessary for the project to be viable and all three ingredients are finally available on Solana.
Ultimately, Mango intends to win the long game in financial services. Low latency makes our tools usable. Rock bottom fees makes Mango hard to compete against. Decentralization makes Mango hard to kill through centralized incompetence or malevolence. Open governance that allocates power and wealth liberally to builders, will attract the best people to build and govern the protocol. Finally, the permissionless nature will allow the millions of tiny experiments to take place that yield the life changing innovations. We're motivated and driven to build Mango according to this vision, and we hope you'll join us.

Where can you buy Mango?

MNGO tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade Mango is Manifest, where the most active trading pair MNGO/USDC has a trading volume of $3,380.59 in the last 24 hours. Other popular options include Raydium and Orca.

What is the daily trading volume of Mango (MNGO)?

The trading volume of Mango (MNGO) is $122.22 in the last 24 hours, representing a -99.80% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Mango (MNGO)?

Mango (MNGO) reached an all-time high of $0.4988 and an all-time low of $0.001476. It’s now trading -93.30% below that peak and 2,156.20% above its lowest price.

What is the market cap of Mango (MNGO)?

Market capitalization of Mango (MNGO) is $37,205,925 and is ranked #608 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of MNGO tokens (1.1 Billion tokens are tradable on the market today).

What is the fully diluted valuation of Mango (MNGO)?

The fully diluted valuation (FDV) of Mango (MNGO) is $166,474,379. This is a statistical representation of the maximum market cap, assuming the maximum number of 5 Billion MNGO tokens are in circulation today. Depending on how the emission schedule of MNGO tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of Mango compare against its peers?

With a price decline of -1.20% in the last 7 days, Mango (MNGO) is underperforming the global cryptocurrency market which is up 0.50%, while underperforming when compared to similar Alleged SEC Securities cryptocurrencies which are up 2.40%.