Mango Markets offers a token ($MCAPS) that can be burned and redeemed for physical, premium swag.
The redeemable token is not connected to our upcoming protocol and governance. 500 $MCAPS tokens will be created and deposited into a Solana swap pool with $12.000. This will create the following price curve for $MCAPS. Every $MCAPS sold increases the cost of the next, but they can be sold back into the pool at any time.
$MCAPS will be burned in exchange for 1 real Mango Market Cap + shipping to anywhere in the world. After running for at least 60 days, all remaining liquidity will be removed and all remaining $MCAPS tokens will be burned. The distributed Tokens can be redeemed at any time and continue to be traded on various exchanges.
Who we are?
Bunch of devs, market makers & misfits Building fully decentralized margin trading and perpetual swaps https://mango.markets We're in it for the memes.