Mango is a brand new Layer1 public chain, officially born into the world of blockchain in 2024. The original intention of the project is to solve many industry pain points such as the disconnection of user experience and liquidity between WEB3 users and DeFi protocols, using a brand new Multi-VM full-chain infrastructure solution as an entry point, allowing participants to experience unprecedented freedom in the world of WEB3.
In today's crypto world, despite the rapid changes brought by the development of blockchain technology, the concept of decentralization and industry regulation has never been two parallel lines but rather constantly in intense conflict and intersection. It seems they are a contradiction of a spear and shield. With regulation, it is impossible to achieve the true vision of a decentralized industry; without regulation or lacking regulation, the jungle law of the crypto jungle, where the weak are preyed upon by the strong, magnifies the greedy and evil side of human nature in the face of interests, allowing some who hold power to trample on the interests and values that rightfully belong to ordinary participants.
In the past few years, the industry's wealth effect has stimulated waves of people rushing in, who wave the banner of promoting industry development and establishing WEB3, while continuously harvesting the fruits of ordinary participants' labor. Massive insider trading, market makers' manipulative operations, project parties arbitrarily changing airdrop rules, and various worthless meme coins running rampant have led to sharp opposition between major project parties, exchanges, and other power holders and the community due to unequal distribution of interests. Once an airdrop is announced or new regulations are introduced on social platforms like Twitter and Discord, they are often filled with curses, causing significant harm to the development of the industry.
However, the Mango project, from the moment it established a community mechanism, has made it clear to guarantee the interests of community participants, ensure highly smooth communication between the project side and the community, and jointly create a strategy for project development by the project side, community, and investors.
In the DC community, those who actively participate in community activities, help newcomers, and offer suggestions for project development can gain more identities; these identities are important weights for future airdrops. At the same time, a reasonable review mechanism and clear TGE timeline are essential guarantees the project side has made for community members. With these conditions, the number of testnet addresses has grown from tens of thousands to now 800,000, along with over 600,000 DC members. For 24 hours a day, everyone is very actively and enthusiastically participating in various organized activities, including Texas Hold'em, daily Q&A, zealy, meme image contests... It’s no wonder that some people lament that it has been a long time since they've seen such a lively scene in a project's DC community.
The project side encourages community members to participate actively in operations. Taking the Chinese region as an example, prominent contributors such as 'Little Snail', 'Stinky Mud', 'Little Wild Lingna', and 'Natsume' have emerged, and we believe they will receive substantial rewards in the future. There are many wise and talented individuals hidden among community members; maintaining reasonable communication with the community and ensuring their interests is crucial for genuinely engaging the community in project development and utilizing these talents for the project's benefit. This stands in stark contrast to many so-called top-tier projects currently on the market.
As the project gradually enters a virtuous cycle, some investment institutions have actively requested to join, including well-known industry investment institutions such as Ainfra Ventures and Kucoin Ventures. The project side has worked hard to create a platform of mutual trust between the project side, the community, and institutions. In the current environment, this is truly a unique advantage.
A newly sprouted sapling needs selfless care from all aspects to grow into a towering tree, and it also requires everyone to work together to provide it with the motivation to grow. The Mango Network project has already taken a perfect first step, and we should expect new investment institutions to join and new community members to influx. This kind of ecosystem built on the joint efforts of all three parties is hard-won, which makes me more optimistic about the Mango Network project.
The stars hang low over the vast plains, and the moon flows over the great rivers. Mango is on the right path, and I believe they will ultimately overcome technical challenges and steadily progress in operations. They will realize the dream of allowing all participants to truly experience the freedom of swimming in the ocean of WEB3!