Mandala SWOT Analysis (NEW exchange--lowest fees)

hatu (76)in #ethereum • 6 years ago (edited)

Mandala is a revolutionary development as its team aims to build an exchange for the masses. Mandala goes beyond being a raw trading platform and offers services that appeal to the needs of both new and experienced traders, while also offering the lowest fees in the industry: just 0.04%.

Read on to learn about Mandala’s strengths.

Mandala SWOT Analysis

SWOT analysis sheds light on the potential of a project.

Mandala is offering a horde of features that are unavailable in its competition, but these competitive edges form its value offering. Mandala's key strength is its team as this exchange is being developed by individuals who have been active in the blockchain industry for years.

Mandala's CEO, CSO, CTO, and Director of Operations have previous work in Decent.Bet, CoinPennant, BitWatch, and a number of other crypto-related projects. The CEO, Nate Flaners, is also a co-founder of one of the most engaged crypto communities: Crypto Coin Trader.

This team not only has the necessary experience with blockchain products to develop a powerful exchange from the technical perspective, but also the necessary interaction with the crypto community to understand what features an exchange should have. This is why Mandala is such a user-centric exchange and is offering such an impressive user experience.

One of Mandala's key competitive edges is that it aims to target those who are interested in the crypto market by converting into users who are learning about the market. While this is an extremely beneficial growth strategy, crypto markets remain volatile and the political atmosphere around them is regularly changing. As a result, the material being taught would require frequent updates and even upgrades.

This means Mandala would have to dedicate a good amount of their resources to ensure that their materials are not offering outdated information. While this operation is expensive, it will pay off in the long run as it could develop into a major growth driver.

The crypto market is massive but there is still plenty of room for growth. The major portion of the world still hasn't adopt the crypto market. There is a great deal of opportunity for Mandala to be the first exchange designed to meet the needs of the mass market. A large number of exchanges share the amount of people that have already becone crypto traders of invectors. Mandala has the ability to build and capture it's own market.

Additionally, the crypto market has proven that exchanges are extremely profitable. Mandala is headed down a road where it could swiftly become profitable. Very few projects are able to reach profitability so swiftly, but exchanges are an exception.

The market competition among exchanges is quite stiff. This means Mandala woukd have to expense some resources to ensuring it is able to build a necessary degree of awareness in the market.

Though, given that most traders have accounts in multiple exchanges, it is clear that the crypto community does not associate any degree of brand loyalty when it comes to exchanges. As a result, Mandala should have an easy time adopting market share as it potentially offers the lowest the lowest fees among all exchanges.

Wrap-Up: Mandala is an exchange being developed by a team that has played an active role in the crypto community. The cocompetitive edges they are developing position Mandala to capture the great opportunity that lies in being the most user-centric crypto exchange.