Mandala Minutes Edition 11
We are back with ‘Mandala Minutes’, a dedicated monthly newsletter compiled by the team to help inform our userbase about the new and exciting news surrounding Mandala Exchange.
In this edition of our newsletter you will find updates on:
- Executive Excerpts
- MandalaFi Progress
- HaasOnline $10,000 Promotion
- Exchange Highlights
- Mandala University
A Year in Review
2022, as we all know, has been a very rocky year for the cryptocurrency and digital asset industries. From LUNA, to 3AC, FTX and everything in between, a negative shine has been cast over the industry, leading many to doubt the industry’s viability and sustainability as we move into 2023.
Mandala, like every other centralized exchange, felt the weight of each event, as weakened global economies conspired to plunge crypto into a bear market and a period of semi-capitulation, with many prominent companies being forced to declare bankruptcy. This, paired with the distrust around usage, security, and liquidity of centralized exchanges led to a sizeable decrease in trader acquisition and retention, not to mention shaken consumer confidence and a general distrust of these institutions, which are part of the lifeblood of the cryptocurrency industry.
Despite all these factors, Mandala has weathered the storm, quietly building out its ecosystem to include a number of decentralized products with our partners, EXO Finance. We realize that bringing our customers a variety of products to interact and trade with is vital to long-term success and sustainability, as is finding the right partner, with whom we can symbiotically grow. After some trial and error, Mandala has found what it considers the perfect counterpart to ensure further development of its ecosystem will be a success.
With some offerings now in live beta testing, and others planned to release in the near future, Mandala’s outlook is bright as we move out of the bear market and into the next bull cycle. We truly thank you for being loyal to Mandala during these trying times, and, as always, wish everyone the best as we move into 2023.
Chief Executive Officer – Mandala Acquisition, LLC
The Exo and Mandala teams have spent the last few months building and testing MandalaSwap Beta internally. The testing has been going fantastic so far, with just a few minor bugs and feedback being reported and resolved. The MandalaSwap platform is fast, efficient, and easy to use, ensuring a seamless experience. The ability to perform a single swap and withdraw, cross-chains, to the token and wallet of your choice is an exciting advancement in crypto.
Over the last few weeks, we have performed hundreds of test swaps across multiple networks and assets. Barring a few minor bugs, the testing has been going extremely well and we are pleased with the results we are seeing thus far. As we continue to stress test the swap, we will continue to add new chains and assets to further the capabilities of MandalaSwap.
If you’d like to learn more about MandalaSwap you can check out our documentation HERE
Here are just a few examples of some swaps performed 🙂
We will be sending out a separate email shortly after this to provide a full breakdown of MandalaSwap and instructions on how you can become a Beta Tester, so stay tuned!
HaasOnline $10,000 Promo:
Mandala is proud to announce our latest partnership with HaasOnline, the legendary on-premise trade automation server for advanced crypto trade bots.
To celebrate this partnership, we are offering all HaasOnline Traders a chance to win up to $10,000 in USDT!
HaasOnline’s flagship product is the HaasOnline TradeServer or HTS for short.
HTS is a fully-featured cryptocurrency trading platform designed to automate trading. With thousands of active users, HTS is the premier cryptocurrency trading platform in this industry today.
A few highlights from HaasOnline:
- Besides Mandala, HaasOnline supports trading on over 25+ of the largest crypto exchanges.
- HaasOnline’s flagship product has been around since 2013.
- TradeServer Cloud was released for public beta testing around April ’22 and has ~3.4k active traders.
- Traders have created over 34k botd, executed ~15mm orders, generated ~$1.5bn in volume, and run ~2m backtests on TradeServer Cloud.
- Take advantage of HaasOnline’s prebuilt custom trading bots for a wide range of pre-built trading strategies.
- Leverage advanced functionality such as custom order types, bot extensions, market scanners, portfolio management, and much more.
- Stay out of the Cloud with HaasOnline TradeServer. Your trade data and API keys are stored on your secure hardware, safe from third-party tracking.
- Add additional layers of risk management to help protect your positions or take advantage of volatility with trading bots tailored for specific market conditions.
- Optimize settings and parameters for your newly created HaasScripts. Choose from several different algorithms to run your trading scripts through.
- Take advantage of HaasOnline’s Backtesting and Paper Trading in order to use historical and real-time market data to test your crypto trade bot strategies.
Sign up for your HaasOnline account today, start trading like a PRO, and take your shot at $10k!
The Blockchain Academy & Mandala University
With 2022 quickly fading in the rearview, we can all agree that many lessons were learned. And while on the topic of learning we are pleased to announce our continued partnership with The Blockchain Academy and the soon-to-be-released revamp of Mandala University.
The new site will not only provide participants with a huge array of courses and products available at The Blockchain Academy but also exclusive Mandala offerings with many of them being made available at discounted rates or even free for the Mandala community. Keep an eye on our socials for more information coming in the near future.
Whatever your goals are, Mandala and our partners want to help you achieve them. Together we are strong. 🤝