What do you guys think about Exchange Exchanges/Exchangers? An exchanger is a place where we can exchange Cryptocurrency. Usually, this Exchange exchange or the services that exist in exchange exchanges is provided by a group of people or companies to assist and facilitate us in making transactions/exchange coins.
But Unlike the Mandarin. Mandarin (https://www.mandarin.top/) is a first cryptocurrency exchange with a shared management system. The mandarin concept is actually aimed at providing a crypto-currency exchange service that uses joint management, usually, in this service, the cryptocurrency benefits of an exchanger service will be distributed entirely to the employees or the owner of the execution and service exchanger platform cryptocurrency. But with the Mandarin, which comes with 1,000,000 tokens only, the 100% profit generated from its exchanger's service will be distributed equally to all token holders.
REASONS WHY MANDARIN ARISE
Centralized exchanges are generally experiencing a poor reputation when it comes to basic service criteria such as customer service and security. Support longer response time and fund loss of user funds due to the hacking case.
The main goal of Mandarin is to create a unique exchange platform with distributed management. By allowing users to vote in exchange-traded operations, through the power of voice expressed by stock ownership in the exchange, controls are no longer concentrated among administrators and owners only but will be distributed to all stakeholders.
Using smart contracts and a simple vote system, Mandarin (https://www.mandarin.top/) aims to address some of the major flaws in the exchange market:
- prevent embezzlement of funds by the platform administrator
- regulatory interventions in financial transactions
- transparent cold wallet with additional security levels such as multi-sig
- selection of new democratic coins
Various advantages possessed by mandarins:
SHARED MANAGEMENT
Can enter new currency into the exchange, expansion of a function, modify existing installation, including how deposit will be done by giving voting by the token holder. Top investors who have more than 1% of tokens will have access to the admin panel and extensive statistics.
PROTECTION ON COLD WALLET
Which means the security of funds in cold storage depends on technology - without the approval of the holder of Mandarin token more than 35%, the transfer of funds cannot be done.
BACKUP SYSTEM
The priority of the Mandarin Platform is the security of trade data, the Mandarin team also developed its own backup system. The hourly recording of all trading operations will ensure an adequate level of security. Backup storage facilities are installed in 5 locations in the world, providing data protection for country interference services.
SECURITY ON MANDARIN
The basis of the Mandarin platform is user safety. The trader/user account will be protected with the last generation 2-factor authentication app. Confirm your withdrawal will also use fingerprint or password.
ICO MANDARIN
To develop and open exchange, Mandarin open crowdsale for one month from 29 August 2017 until 29 September 2017. Mandarin will issue tokens of 1,000,000 tokens (MNT) token included in ERC20 tokens, 700,000 Mandarin tokens will be sold during the crowdsale period and will be distributed to investors, promoters (through bounty campaign program) and to the developer.
Mandarin until now has been successful in raising approximately $ 1,310,966. And the funds will continue to grow, you can also invest into mandarin projects using Bitcoin and Ethereum.
The selling price of 700,000 MNT will be dynamically adjusted based on the amount already sold and the collected funds, at a fixed price to be determined after the end of ICO on 29 September, or until a hardcap of 70,000 ETH is reached.
The Exchange is planned to be launched in October 2017 and offers zero commissions or fees/fees for all trades to attract new users. The commission or fee trade will be in force in January 2018, all trade activities will be charged a commission of 0.05%, after which the investors will receive their first weekly profit distribution in February 2018. Then the final commission increase which will be 0, 1% will occur from April onwards.
After the platform releases in October, there will be 19 currency pairs in the top six cryptocurrencies (BTC, ETH, DASH, ZEC, LTC, XMR) and three national currencies (USD, RUB, CNY).
BENEFITS TOKEN MANDARIN
Investors who have at least 10 MNTs will become members of the exchange exchange community, which allows them to participate in the implementation of key decisions regarding their management. Including:
listing new currency pair
expansion of functional capacity
modification of existing capacity (including maintaining fund exchange for liquidity)
vote on the withdrawal of funds in cold storage (with 35% vote limit while for activation)
Big investors (those with more than 1% of the total supply or 10,000 MNT) will gain access to the admin panel with broader statistics on trade, current exchange rates, and platform loads.
TOKEN DETAILS
70% will be sold during ICO
50% will be stored in Cold Wallet to give leverage to trader
25% for marketing and business expenses
20% for development, server payment, license, etc.
20% will be locked in the form of exchange of funds
5% salary for developers and team members
5% for initial investors
5% for campaigns
FOR MORE INFORMATION PLEASE VISIT: https://www.mandarin.top/
WHITEPAPER: https://drive.google.com/file/d/0B_avUJpPNKVZLWVxLTlyenRJUW8/view
FOLLOW TWITTER MANDARIN: https://twitter.com/Mandarin_top
LIKE FACEBOOK MANDARIN: https://www.facebook.com/Mandarin.exchange
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