Mandala Minutes Edition 3
We are back with ‘Mandala Minutes’, a dedicated biweekly 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:
- Mandala Madness Updates & Teasers
- GoodCrypto Advanced Algo Trading Promotion Performance
- MandalaFi Updates & Teasers
- Social growth metrics
- Web Traffic
- Exchange growth metrics
Our Mandala Madness dashboard is nearing completion and the alpha will be available VERY SOON! This dashboard will allow users to calculate their odds of winning, check what the current prize pool is, see past winners, and more…
We will also be spinning up a similar dashboard page for the Safemoon Spinoff Lottery.
We look forward to watching these pots grow as our volume grows.
We have already distributed over $35,000 in prizes this year!
So, remember to lock up that MDX and get trading!
The more the exchange volume, the larger the prize 🙂
If you are new to Mandala, make sure you read up on what Mandala Madness is all about and enter for your chance to win a share of the prize pool!
GoodCrypto Advanced Algo Trading Promotions
We recently announced our partnership with GoodCrypto, with whom we aim to target their 250k registered users! Within this user base, GoodCrypto logs about 60k Monthly Active Users! What an opportunity for Mandala as we attempt to capture some of these High Volume Traders
Mandala and GoodCrypto have partnered to offer traders a risk-free trial featuring Mandala’s (MDXT) token utility through an exclusive competition with Mandala, during which the top 210 Traders will receive significant trading fee reductions as if they had $MDX locked on the exchange.
Traders will be able to actualize the monetary benefits of purchasing and locking up to 300k MDX and trading on Mandala Exchange!
If that wasn’t enough, Mandala is also matching GoodCrypto’s 5% trading fee rebate with an additional 5% back for the next 90 days.
You didn’t think we would stop there did you?
The race has begun, as we will be giving away 250k $MDX via airdrops, to the first 750 signups!
GoodCrypto has also provided all GoodCrypto/Mandala users a free 90-day trial run with their PRO trading account.
Due to some unforeseen issues encountered enduring the beginning of this promo, GoodCrypto has offered our users an extension. This free PRO membership will continue through to the end of September!
You can find some more details on these promotions below:
We also recently hosted an AMA with GoodCrypto on our Twitter spaces. You can find the recording below:
GoodCrypto has created a guide on Grid Bot trading to share with our community:
Promotion Details thus far:
- 150 users filled the form
- 50 API keys submitted
- 19 active traders sent 900 orders
- Top traded pairs: GMT/USDT, LUNA/BUSD, ETH/BTC,
$SFM trading went live on May 10th. Keep an eye on our socials for future announcements about SafeMoon tokenomics developments. Thank you for being the best community we could have hoped for while we got this sorted out.
At launch, we also began our SafeMoon Spin-Off promotion. The prize pool will be generated from a percentage of revenue generated from trading SFM on Mandala Exchange. Although this volume has been fairly low this month, we have seeded the first prize pool with $5000 of our own funds for a few lucky winners. Keep in mind that the more volume generated on the pair, the larger the prize pool becomes! Looking at you #SAFEMOONARMY
How to enter:
To qualify for SafeMoon Spin-Off you must have a minimum of 1,000 MDXT locked and hold a minimum of 32,000 SFM on Mandala Exchange.
Additional details are provided in the article below:
As we described in our last newsletter, we are nearing the deployment of a simplified way to yield-farm, earning the user a multitude of rewards on the assets they already hold.
We will also be giving out a few Tester positions for the first iteration of MandalaFi to a few active community members. If you are interested in participating please follow our socials and Discord announcements to find out how you can secure the next spot.
While we wait, we wanted to share some screenshots of the UI with our community.
We have continued to see consistent growth throughout our ecosystem and would like to share some of those metrics with you all.
Over the last three months, mandala.exchange’s global ranking has increased from 224,037 to 151,218.
Our exchange just surpassed 64,000 Registered Users
Total Volume for the Month of May: $165mil
Average Daily Volume for the Month of May: $5mil
Total Volume: 21% Increase month over month in volume
Total Users: 95% increase month over month in user acquisition
Top Traded Asset: Terra Classic
Community FAQs & Updates
Q. Can I trade LUNA 2.0 on Mandala
A. Yes. We listed the new LUNA token as being part of the Binance Cloud ecosystem, you can trade LUNA/BUSD and LUNA/USDT as well as the old network pairs LUNC/BUSD USTC/BUSD
Q. What is the circulating supply of MDXT and where can I look it up
A. Total Supply: 400,000,000
There is currently 125,535,815 MDXT locked for trading rebates and Mandala Madness Lottery.
Reduced Circulating Supply: 274,464,185
Percentage of Total Supply Locked: 31.4%
At the current MDXT price of $0.014051 that is a TVL of $1,763,904
Circulating Supply Market Cap: $3,856,496
Join our Discord community to have access to all kinds of information around our token –