Mangata

Mangata is a blockchain protocol platform created to offer decentralized trading for Ethereum and Polkadot. The platform is a decentralized exchange developed atop the Polkadot network and bridged with Ethereum, allowing traders to trade on an active digital asset exchange.

The ticker symbol of the native token of Mangata will be $MGX. At TGE, it will have a total supply of one billion MGX. Incentives will be issued up to a maximum supply of four billion MGX, which is supposed to be reached in five years. Of the final supply, 80 percent of tokens are set aside for the community.

The core utilities of the native token include usage in proof-of-liquidity, algorithmic buy & burn, and time-lock tokens for swaps. It also includes governance, which involves managing the diversified treasury & DEX-owned liquidity, liquidity Incentives, and proof-of-liquidity whitelisting.