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Whitepaper ENG
ICO LIVE NOW!
900 000$ Raised
What is Mandarin?
Mandarin is the first cryptocurrency exchange controlled by the people. It is divided into 1 000 000 token-slices. 100% of the profit is distributed among all token holders, anyone who wants can get his own slice. Key decisions are made by holders of more than 10 tokens using voting system and smart-contracts. Enter new currencies to the exchange, expansion of functionality, modifying existing installations, including ways of deposit will be carried out by voting among token holders. Top investors who own more than 1% tokens have access to admin panel and to extended statistics.
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Features:
Security:
ICO Information:
MNT is an ERC20 token
Total tokens: 1 000 000 Mandarin tokens
Tokens will be sold on ICO: 700 000 Mandarin tokens
ICO Duration: 31 days, from August 29 to September 29
Accepted currencies: Bitcoin & Ethereum
Soft cap: Absent, The project will be launched in any case.
Hard cap: Amount equivalent to 70000 Eth or 5000 BTC
Price for token: Is calculated dynamically depending on the total amount of fees,
highest possible price 10 Mandarin tokens per 1 Ethereum.
More information on White Paper or FAQ.
Timers
Mass Media
Biography:
Petr Orlov - Mathematician in the 5th generation. As a supporter of free Internet, in 13 years old develop the torrent tracker script. Later became interested in browser games, which led to the creation of the service the sale of game currency. Learn about the cryptocurrencys in 2013, trying to get them with the help of mining, Petr eventually decided that there is nothing better than trading, and switched to the development of trading bots. Now Petr is ready to introduce Mandarin.
Sergey Tsvetkov has extensive experience in the field of server maintenance and cloud storage. As an expert in his field, he believes that nothing is more important than security, and it is better to be reinsured once again. Worked in the satellite communications industry, but after learning about the technology of the blockchain, he dropped everything and became a cryptocurrency enthusiast.
Christina Zhuravleva is a digital designer. She was participating in competition for Yandex Company, designing mobile app for a Smart House. In this project she is responsible for web-site design and brand identity.
Ilya Karetnikov is an expert in the field of information security. He has years of experience in the test environment software . For some time he worked at Kaspersky Lab, until he turned his attention to the study of cryptocurrencies and blockchain systems.
Li Young - The Chinese developer, who spent his whole life in America. He is a big supporter of blockchain technology from the beginning of development of bitcoin. Believes that cryptocurrencies will change the world for the better.
Grace Macadam - English Marketer with wide experience of promotion of start-ups and technological projects. At one time, she promoted the Bitstamp exchange, and helped him to take the leading position among the English-speaking market. Grace did not like Bitstamp's policy toward users, and when she found out about a new type of exchange, she decided to join the Mandarin team.
Alfred Paterson devoted his life to the promotion of Products in the sphere of high technologies and creation of business linkages. Marketing is his medium. Did advertising giants such as Mitsubishi, Hewlett-Packard, Western Digital.
Design of our Exchange
FAQ
1. Why do you need ICO?
The exchange cannot exist without proper funds, besides this is a great way to distribute tokens among the community.
2. What will be the available level of marging trading?
It depends on the amount of funds raised during the ICO it is planned for the beginning of x2, can be increased to x2,5.
3. Can we assume that you have a decentralized exchange?
Not really. Nowadays, it is fashionable to call the "decentralized" anything, not really knowing where this decentralization is needed, and where not. Such exchanges can not work with Fiat money, so at the current stage of the world situation is useless. We have a shared control exchange.
4. How will you ensure the safety of data and money?
Automatic daily backup to the self-written cloud. backup storages are installed in 5 locations across the globe. Safety of funds in cold storage will be dependent on technology - without the approval of the holders of more than 35%of the Mandarin tokens the transfer of funds is impossible.
5. What about profit sharing?
100% of the profits received from the trading will be distributed to all holders of tokens. As 20% of the tokens are in the hands of the administration, respectively 1/5 of the profit remains on the balance sheet of the exchange. The rest will be transferred to the balance of investors (and participants of the bounty campaign) presumably on Tuesdays.
6. How will you protect your community from a big investor who will come to the ICO and buy up 500001 of your currency's token, and then will solely exercise "people's power"?
The max available amount of tokens is 3% per investor of the total amount (30 000 token).
7. What is the price for 1 token-slice?
We do have a really complicated dynamic pricing system.
The final price will be calculated at the time of completion of the ICO, depending on the total amount of fees, Hard cap (maximum amount of fundraising) - 70000 Eth (or 21 million $, for calculation the price is $ 300 per 1 ether), respectively, the maximum possible price for 1 Mandarin = 0.1 ether. However, if a smaller amount is collected, the price for the token will be less.
For example, if the total amount of crowdfunding be $ 7,000,000 : We have 3 bonus periods,in the first period (3 days) 25% bonus ,second period (14 days) 10% bonus, third period (14 days) bonus 0 %.
Respectively if you made a donation in the first period, the price for 1 Mandarin will be $ 7.5 for you, $ 9 for the second period, and $ 10 for the third period. In our whitepaper there is a formula for calculating the price, we will add information to the FAQ. Hopefully explained, the creator of our project is a mathematician, and does not like easy ways.