Mandala has created a dynamic trading environment whereby the Mandala Token (MDX) functions to provide specialized trading capabilities, referral rewards, and trading rebates as the native token on the exchange.
Token Type: ERC-20
Total and circulating supply: 400 Million
Contract address: 0x947AEb02304391f8fbE5B25D7D98D649b57b1788
Note: The ticker for Mandala Exchange Token (MDX) within the Binance ecosystem is MDXT. An explanation on the difference between MDX and MDXT can be found here.
Trading Fee Rebate Program
Mandala Exchange users can access additional features and receive trading fee rebates by locking MDXT on the platform.
- Lock your MDXT token
- Users must lock the required amount of MDXT token in their Mandala Exchange wallet for a period of 30 days or greater.
- Wait for 30 days
- After the 30-day locking period, users accounts will be credited trading fee rebates in USDT.
- Receive trading fee rebates
- Trading fee rebates will be credited on a rolling 30 day basis based on the user’s locking period date. User’s claim their rebates by unlocking their MDXT tokens.
Mandala Trading Tier Rebates
Note: The base trading fee is 0.10% for all users
Users can earn referral rewards up to 10% on trading fees from accounts that sign up to Mandala Exchange using their generated referral code.
- Users can share 0% or 5% of the 10% referral rewards with the invitees.
- Referral rewards are paid out in the handling token/coin of the invitees trade, or the token/coin used to pay the trading fee. For example, if your invitee sold Ethereum for Bitcoin, the fee for that transaction would be in Bitcoin and your referral reward would be paid out in Bitcoin.
- Referral rates are calculated at 0:00 AM every day, and updated at 1:00 AM (UTC).
Additional Benefits of Locking MDXT
- Exotic Order Types
- In the future, MDXT Holders will be able to access exotic order types not available to the general public.
- Trade Competitions
- To be eligible for trading competitions, users will be required to hold various tiers of MDXT depending on the prize package and at the sole discretion of Mandala Exchange Ltd.
- To be eligible for certain giveaways or similar promotions, users will be required to hold various tiers of MDXT at the time of the promotion. Tiered token holders will be allowed entry at the sole discretion of Mandala Exchange Ltd.
- Listing Fee Requirement
- Projects wishing to list their asset on the Mandala platform will be required to pay a percentage of their listing fee (if applicable) in MDXT as well as maintain a balance in MDXT via hot or cold wallet.
- Futures / Margin Fee Rebates
- The trading rebate system will also apply to Futures / Margin trading.
- Access to Trading Bots
- The community can access trading bots using CryptoHero in conjunction with the Mandala Exchange, provided they hold MDXT tokens.
- Social Trading & Leaderboards
- In order to access the social trading features of the Mandala platform users will be required to hold a certain amount of MDXT.
- Fiat On-Ramp
- Users will receive discounted fiat on-ramp processing fees based on their MDXT holdings.
Everything described herein is subject to Mandala Exchange Ltd’s Terms and Conditions. Mandala Exchange Ltd. reserves the right, at it’s sole discretion, to change, modify, add, or remove portions of these Terms at any time by posting the amended Terms. Please check the Terms and Conditions on the Mandala Exchange website periodically for changes.
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Mandala Exchange will make best efforts to choose high-quality coins but will not be responsible for your trading losses.
Thank you for choosing Mandala Exchange for your crypto trades.Mandala Exchange Team
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