News
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Mangata X concludes IMBU bootstrap with $7m FDV
Nov 11, 2022
Kusama DEX lists Web3 token for trading, offers 250% APR. The Web3 economy in Polkadot is growing: Imbue Network, the decentralized crowdfunding solution, has successfully bootstrapped its IMBU token on Mangata X. The IMBU-MGX liquidity bootstrapping event saw more than 100 users participating and resulted in an FDV of 7m USD. -
Mangata X Forms On-Chain Council
Nov 9, 2022
Council enacted runtime upgrade, opened XCM channel and launched a bootstrap. Mangata X takes one more step towards decentralization. The on-chain council was just introduced as a part of the Mangata X governance. The council is able to introduce important feature upgrades, manage the MGX Treasury, and steer the growing Kusama DEX. -
Mangata Releases Bootstrap Feature to Support New Token Launches
Aug 24, 2022
Partners are ready to bring their tokens to Mangata. Mangata Finance has released its new bootstrap feature. This new building block will allow any crypto project to launch a new token with deep liquidity on Polkadot and Kusama. It will enable upcoming Web3 projects to get their token into the hands of users, expose it to the market, and discover its value. Mangata's partner OAK Network is the first to use the feature to bootstrap their TUR token on the Kusama DEX Mangata X. -
Mangata X Concludes Bootstrap with $13 Million FDV
Jun 15, 2022
Mangata X, the upcoming Kusama DEX has concluded its MGX-KSM Liquidity Bootstrapping Event with a strong result against the crypto bear market. With $13 million FDV (fully diluted value) and about 19% of the MGX supply being contributed, the community-driven DEX is setting sails for its mission to offer all tokens from all chains on a single platform. The initial liquidity mining rush is estimated to offer 78% APR. -
Mangata X Bootstrap Starts with Low FDV & Market Cap to Build Fair Distribution
Jun 9, 2022
Mangata X, the community-owned DEX, has started its MGX-KSM Liquidity Bootstrapping Event with a big bang! 17% of the total MGX supply is offered for grabs to anyone who contributes to the bootstrap. This bold move is intended to radically decentralize liquidity and ownership of the incubating network and give the whole ecosystem a stake in the Kusama DEX. -
Mangata Finance works with Top Security Auditor SRLabs
May 31, 2022
After concluding our record-breaking Mangata X crowdloan, we are getting ready for the MGX-KSM Liquidity Bootstrapping Event. In order to ensure that the funds of users are safe, we have decided to work with the top Substrate auditing company in the space: SRLabs. SRLabs is one of the most trusted auditing companies in Substrate. They have audited top projects like Polkadot & Kusama, Acala and Kilt. -
Mangata Finance Raises $4.2M to Build Out Its Secure, No-Gas Cross-Chain DEX
Apr 28, 2022
Equity round joined by previous investors lifts the Polkadot startup's valuation to $60M. Mangata, the community-driven DEX looking to solve some of the biggest problems facing the global crypto market, has raised a $4.2 million equity round, valuing the company at $60 million, shortly after the launch of its first blockchain on the Kusama network.
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Mangata X to Integrate aUSD As the Default Stablecoin
Apr 25, 2022
Mangata Finance and Acala have agreed to a partnership to use aUSD as the stablecoin of choice for our currently launching Kusama DEX. aUSD will be positioned as the default stable option for liquidity pools on Mangata X. The MGX-aUSD liquidity pair especially will act as an attractive staking option in our revolutionary Proof-of-Liquidity mechanism.
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Mangata Finance partners with OAK Network
Mar 22, 2022
OAK is an upcoming automation parachain that will bring a much needed piece to Dotsama: trustless cross-chain workflow automation. This partnership opes new possibilities for DeFi like dollar cost averaging, ice berg orders, execution of strategies based on price and time and much much more! Together we will be forming an open ecosystem of yield opportunities.
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Mangata X reaches crowdloan goal at record-breaking speed within 50 minutes
Feb 22, 2022
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Mangata proposes that Kusama Treasury deploys 10m USD into KSM-ETH pool
Dec 16, 2021
Mangata wants to open liquidity gates between Ethereum and Kusama.
Mangata Finance has submitted a proposal to the Kusama Treasury intended to scale up the capital exchange between the Ethereum and Kusama ecosystems. The proposal asks the Kusama Treasury (which currently holds 140m USD in value) to deploy 10m USD worth of liquidity into a KSM-ETH liquidity pool at the Mangata DEX Parachain on Kusama, scheduled to launch in Q1 2021. Mangata expects the KSM-ETH pool to become one of the most important capital exchange points between the Ethereum and Kusama ecosystems.
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Mangata 决定赔偿 PancakeSwap 骗局的受害者
Mangata refunds the victims of the scam on PancakeSwap
Aug 18, 2021
上个周末，有人在 PancakeSwap 发起了一项活动，表示要售卖 MGA 代币。但是这些代币并不是真正的 MGA，而且和 Mangata Finance 没有关系。
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Mangata Completes First Milestone for the Substrate Builders Program
Aug 18, 2021
Today, we’re extremely pleased to announce that Mangata has officially completed our first milestone for the Substrate Builders Program!
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Mangata Finance Accepted Into DeFi Alliance DeFi Startup Accelerator
Aug 4, 2021
Mangata Finance joins the class of Sushiswap, dYdX, and Kyber network.
The DeFi Alliance Accelerator welcomes its latest member, Mangata Finance. The newly accelerated project will join DeFi Alliance’s six-week program. The accelerator program has helped projects like 0x, Acala, Synthetix, Loopring, and Zerion successfully navigate the DeFi startup scene.
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Mangata partners with Composable: Opening its own Parachain Vault Strategy for the future parachain slot auction
Jul 29, 2021
Mangata’s core strategy is to be a DEX parachain that bridges the Ethereum and Polkadot ecosystems. To accomplish this goal, we need to build our protocol on a Polkadot parachain, which requires going through a parachain auction. Besides the traditional approach of crowdloaning, there are new and superior cross-chain approaches that allows funds to be allocated from the Ethereum ecosystem towards parachain procurement.
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Mangata builds sleek trading terminal for Polkadot assets, raises $1.4M
Jun 29, 2021
The growth of the Polkadot ecosystem has made it clear that many of the market’s chains are plagued by unfair front-running practices, rising fees and slow settlements, causing significant losses. As the industry continues its scalability narrative of faster and efficient base layers, these ever-present setbacks need to be addressed.