Mango NetworkPrice

(MGO)

The Token Generation Event (TGE) for MGO tokens and their subsequent listings on major cryptocurrency platforms are scheduled for June 24, 2025. This date signifies the official launch of the Mango Network's mainnet, making the MGO token available for trading and interaction within its expansive ecosystem. Users can look forward to engaging with the network's features and utility once the mainnet is live.

The Mango Network has dedicated 10% of its total token supply to airdrops, with 5% allocated for testnet participants and another 5% for the mainnet phase. To qualify, users can earn points by actively participating in the 'Testnet Odyssey.' This involves completing various specified tasks, inviting friends to join the ecosystem, and utilizing the Mango faucet to engage with the network. Airdrop claims are anticipated to become available around the TGE date, which is June 24, 2025.

'Multi-VM' refers to Mango Network's advanced capability to support multiple Virtual Machines, enabling a broad range of development. Primarily, it integrates MoveVM, which is highly regarded for its robust security features, and EVM (Ethereum Virtual Machine), ensuring extensive compatibility with existing Ethereum-based applications. This dual-VM support allows developers to easily port and deploy decentralized applications from both the Move and Ethereum ecosystems, fostering a versatile and accessible environment for innovation and growth.

The Mango Network showcases impressive performance metrics, claiming a peak transaction throughput of 297,450 transactions per second (TPS). This high capacity is achieved through its sophisticated modular architecture and the efficient Narwhal/Bullshark consensus mechanism. Furthermore, the network offers rapid transaction finality, with transactions concluding in approximately 380 milliseconds. These metrics highlight Mango Network's commitment to providing a fast, scalable, and reliable blockchain experience for all users and applications.

The MGO token is fundamental to the Mango Network's operations and serves multiple primary use cases. It is essential for covering gas fees associated with executing transactions and interacting with smart contracts on the network. MGO is also crucial for network staking under its Proof-of-Stake (PoS) consensus mechanism, allowing token holders to contribute to network security and earn rewards. Additionally, MGO tokens facilitate on-chain governance, empowering holders to participate in key decisions, and act as the main currency for cross-chain operations, underpinning the network's omnichain infrastructure.

The Mango Network successfully secured $13.5 million in a significant funding round. This crucial investment was led by a prominent venture capital firm, with additional participation from several other respected firms including CatcherVC, Tido Capital, and Connectico Capital. This strong financial backing from a diverse group of investors underscores the confidence in Mango Network's innovative 'Multi-VM Omnichain' architecture and its potential to make a significant impact in the Layer 1 blockchain space.