Long & Short Everything
Mango Markets is a decentralised trading platform built on top of the Solana blockchain. It features margin trading on limit order books, fully on-chain and perpetual futures. Mango Markets outlined four reasons that would bring them success, latency, transaction fees, and decentralised governance. Mango Markets achieve these by implementing their protocols on the Solana blockchain which is known to have fast block time, as well as very low gas fees. Mango Markets achieve decentralised governance through the distribution of Mango token, in which 90 percent of the tokens go into the DAO and only 5 percent are given to the creators.
The Mango token (MNGO) is a governance token for the Mango Markets. Token holders will be able to vote for the evolution of Mango Markets protocols. There is a maximum supply of 10 billion Mango token with an initial circulating supply of 1 billion tokens.