Mandarin ICO

vhina (34)in #mandarin • 7 years ago

Hello everybody. I would like to tell you about the project, which solves the actual problems of any investor and trader, who are acquiring ever greater importance today. Yes, now we are going to talk about the exchange of crypto-currencies.

As you probably already know, many now earn big sums, taking part in financing projects, as well as trading on stock exchanges. But, unfortunately, the exchanges have one much important disadvantage - they are controlled by a very narrow circle of persons, not very interested in the benefits of each participant. This is contrary to the basic idea of decentralization. So how can you protect yourself against manipulation and insecurity on the part of stock exchanges? After all, the history of the crypto currency is full of stories about the theft of funds, including their creators (Mark Carpels, the creator of Mt.Gox, breaking Bitfinex exchange). This question was taken up by a team that offers us an excellent solution.

Mandarin is a project whose goal is to create a unique trading platform with distributed management, thus providing an adequate level of security for everyone who earns in the crypto-currency area.

Website: http://www.mandarin.top/

For today, this is the first exchange that has such an idea. The project model is to divide the asset among all interested persons. This happens by keeping tokens. In total, there are 1,000,000 tokens, which are divided among investors, bounty company participants and the team. Manarin Token is developed on the basis of Ethereum and is a token of the standard ERC20.

The project is designed to minimize the risks of losing the users of the platform due to the functionality of smart contracts and the voting system, which is designed to solve the main issues, as the platform functions.
So, let's review the main questions that you definitely will not encounter using Mandarin:

Attempts to steal investor funds from central authorities;
interference of government agencies in transactions between users of the platform;
hacker theft of funds from cold wallets;
discussion between traders and administration, etc.

During the fundraising campaign - ICO, the price of the token will not be stable and will vary depending on the total amount of fees. Only at the end of the ICO, which falls on September 29 or earlier, at the time of reaching the maximum amount specified in Witepaper, the final price will be known.
There is a pleasant moment for the trader. The project provides an opportunity for margin trading, that is, trading not only on own funds, but also on funds received on credit. The amount of the loan will depend on the amount of funds collected during the ICO, but for the beginning it will be exactly equal to the twofold size of the trader's capital. A commission will be established for the loan, displayed in the technical documentation. All profits will be distributed between each week for all tokens holders, except for the 1/5 part, which will belong to the administration, which owns 20% of the tokens, all the rest to investors.

But the main advantage is the launch of Mandarin Security, which guarantees the security of all users of the platform thanks to two-factor authentication. Confirmations of withdrawals from the exchange will be confirmed by a fingerprint of the user and one-time passwords. A mechanism for protecting cold wallets has been developed, decisions on withdrawal of funds from which will be accepted by all participants of the exchange. To preserve the trade data, cloud copying of all trading operations and storing them in reserve stores in 5 points of the globe will take place.

What's in the plans? In 2018, the team aims to issue debit cards Mandarin, which allow cashing any crypto currency traded on the Mandarin platform at any convenient time. The default currency is USD, but it is possible to convert to any other available currency.