Mango (MNGO) Price
MNGO RANK #648The price of Mango (MNGO) is calculated in real-time by aggregating the latest data across 4 exchanges and 5 markets, using a global volume-weighted average formula. Learn more about how crypto prices are calculated on CoinGecko. Mango intends to merge the liquidity and usability of CeFi with the permissionless innovation of DeFi at a lower cost to the end user than both currently provide. Towards this goal, Mango offers margin trading, lending, and perpetual futures along with decentralized governance to decide the future evolution. In the long run, Mango’s permissionless ecosystem encourages spectacular, outlandish and unpredictable innovations possible of overtaking centralized finance. With lightning-speed trade execution and near-zero fees, Mango harnesses the power of Solana, a high-performance blockchain, as well as Serum DEX, a decentralized, permissionless, central limit order book for margin trading. The Mango Token is a governance token, first and foremost. Collectively, the token holders have the power to upgrade the protocol as they see fit, only constrained by the checks-and-balances of the DAO. This allows token holders to create incentives to reward participation and drive usage of the protocol. Mango’s genesis began when Daffy Durairaj posted a video of a command line margin trading mechanism on Solana. Maximilian Schneider discovered the video, connected with Daffy on Discord and the two continued development and founded Mango Markets.
