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Mandarin – Decentralized Exchange

Published 2 years ago by writer

Mandarin is a decentralized exchange, which puts an emphasis on security and complete democracy, by giving token holders voting rights for critical decisions, such as cold funds withdrawal and other functionalities which will be described in the following piece. Mandarin exchange, will be governed by a distributed management, it will be done by dividing the company’s assets among all Mandarin Token (MNT) holders.

Each investor who owns more than 10 MNT (Mandarin Token), becomes a member of the exchange community by gaining voting rights, which can be related to decisions on matters such as introduction of new currency pairs, addition of new features and capabilities, modifications to existing capabilities and approving cold wallet withdrawal (currently at a tentative threshold of 35%). Top investors, who are defined by owning more than 1% of the total token supply, can access an admin panel with expanded statistics on trading, current exchange rates and exchange load monitor.

The exchange will also allow users to perform margin trading, the leverage ratio allowed will depend on the amount of funds collected during the ICO. Many teams see the need for implementing various solutions in this space, due to some reasons such as: EtherDelta is a decentralized peer-to-peer exchange, that puts its focus on trading Ethereum tokens.

An project which offers a decentralized exchange, the team behind it focuses on three main problems: They plan to solve the liquidity issue, by either fulfilling orders on their own exchange, or for cases where there is no matching sell order for a buy order, to purchase on your behalf currencies from various exchanges worldwide, in a seamless manner. Allocation: 70% of the tokens will go to the ICO participants, 20% will be locked in the exchange, 5% for early investors and additional 5% for bounty campaign benefitors.

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