MANDARIN ICO

What is mandarin?

Mandarin is the first exchange of cruptocurrency with joint management. It is divided into 1 000 000 tokens-iris. 100% of the profits are distributed among all token holders, anyone who wants to get their own pieces. The main decision is made by holders of more than 10 tokens using voting and smart-contracts systems. Enter new currency into exchange, expansion of function, modify existing installation, including how deposit will be done by voting among token holder. Top investors who have more than 1% token have access to the admin panel and expanded statistics.

VISION

To solve current crypto currency exchange problems, as well as to provide solutions to problems regarding this project.

MISSION

To create a unique trading or trading platform with shared management. Such a decision should regulate all market behavior and provide the necessary level of security so that it is necessary for the crypto currency area. However, to offer solutions to these issues need to consider the history of cryptocurrency.

What is Cryptocurrency ?

Cryptocurrency is a digital exchange medium that functions similar to traditional money, but has no physical form and only in digital form. The first digital currency was Bitcoin which was released in 2009 by Satoshi Nakamoto, and since then many other alternative digital currencies have sprung up thanks to the huge popularity possessed by Bitcoin. Cryptocurrency is a form of digital currency that uses cryptographic principles to carry out distribution, decentralized and secure financial systems where you can mine and trade them.

Different currency emissions occur in such ways as mining, ICO or forging.

Attitudes toward crypto currency vary across countries from a full misunderstanding of the gradual introduction into the economy.

The evaluation of the crypto currency is ambiguous or dual, but nevertheless, it is a dynamically growing investment asset

There are two types of crypto currency assets as follows :

The first type includes the pioneer currency based on Bitcoin technology. This group is a truly safe and transparent alternative to sharing worldwide. On the number of transactions and requests determine the value of the currency.
The second type consists of Tokens that are similar to the traditional stock of a company as a decentralized autonomous organization. The organization can provide additional types of services that are far more efficient and cheaper.

By using smart contracts, the second type of assets may in the future be able to replace traditional economic relations, and greatly simplify trade and resource exchanges around the world.

At this time is known about the existence of more than a thousand currencies. Some of the most familiar to the public are: Bitcoin (BTC), Litecoin (LTC), Monero (XMR), Dash, Zcash (ZEC), Ethereum (ETH).

In addition to investing in crypto currency, you can also contribute to the development of the crypto currency platform. The largest stock platforms are Coinbase, Bitfinex, Bitstamp, Poloniex, LocalBitcoins, BTCChina, OKCoin, Huobi, Bittrex and Kraken.

What is ICO ?

ICO is one of the ways for new companies (startup) to get funding from the public. ICO is an effective way for startup to get capital by abandoning old ways (applying for credit to large investors and banks) and offering fund-raising to the public.

How is the ICO mechanism?

A startup that will perform ICO will create a document called whitepaper. In a whitepaper, a startup provides information about the project background, the project objectives, who handles the project, how much money the project requires, how many coins are made to offer, the project agenda and schedule, and the timing of the ICO. You could say a whitepaper should be able to give a clear picture of the project to be run. Fund raising can be done with fiat money and digital money.

ICO also sells its coins to investors as in crowdfunding. Only difference is that investors at ICO are more motivated on their return on investment and many do not care about the projects offered. While the funds collected at the end of the sale are basically a donation. For this reason, ICO is still more commonly referred to as crowdsales.

The Mandarin Exchange

Mandarin as mentioned as the decentralized stock of the new generation, but we like the term crypto management currency exchange market more precisely.
Currently there is no similar solution in the market, Mandarin is the first project of its kind.

The platform model is based on the principle of dividing up a corporate asset (Mandarin Token) among all entrants. Mandarin is divided into 1,000,000 tokens, and distributed among stock exchange investors, gift campaign members and team members.

This model makes it possible to minimize the risk of losing user funds, through the use of smart contracts and voting systems.

Shared management eliminates some potential issues :

Embezzlement of investor funds by the administration of the platform.
Government investment in finance in user transactions.
Stealing funds from cold wallets by intruders.
Disagreements regarding the introduction of new coins between the stock administrations and traders or traders.

Mandarin Technology

The Mandarin platform is applied on a Ethereum basis, using smart contracts. Mandarin Token (MNT) is an ERC20 token where the platform is managed.

Token Distribution

70% will be sold during ICO

20% will be locked in the fund of exchange

5% for early investors

5% for a bounty campaign

Acquisition of community members’ status allows users to participate in the implementation of key decisions in exchange management :

Introduction of new currency pairs to the exchange.
Expansion of functional capabilities.
Modify existing facilities (including how to recharge the balance).
Participation in voting withdrawal of cold wallet funds (Withdrawal of funds only allows with the approval of more than 35% token owners).

Token Sale

The total number of Mandarin tokens is 1,000,000
During coins ICO 700,000 coins will be sold.
The token selling price during ICO is not specified, varies dynamically depending on the total amount of the fee, and will be known only at the expiration of the ICO on 29 September or when it reaches the maximum cost amount if it occurs earlier.
For Ethereum value calculation is equal to $ 300.
The maximum cost amount is 7000 ETH or $ 21,000,000

Here is the ICO bonus system table

In the first three days of ICO, investors receive a bonus of 25% token of the amount purchased. After that, for two weeks there will be a 10% bonus.
The last two weeks there will be no ICO bonuses.

If the maximum amount of funds collected (equivalent to 70,000 ETH) will be collected within the first 3 days, the bonus system will cease to operate and the price will be set at 1 ETH = 10 Mandarin Tokens.

Trading or Trading Margin

The Mandarin platform allows users to trade not only with their own funds, but also on funds received from Mandarin on credit. This allows traders or traders to increase the volume of transactions without increasing the size of capital required, as well as providing technical opportunities to profit from falling prices.

The amount of margin trading support available will depend on the amount of funds collected during the ICO. To begin it is planned to set the doubled (1: 2) loan rate from the merchant’s own funds, in the future this level can be increased to triple size (1: 3).

The use of margin lending for trading requires additional commissions for security. The current commission rate will be displayed in the technical documentation available to those who wish before the launch of the Mandarin platform.

Assembled Funds Distribution

50% stay in reserve of exchange on cold wallets for providing leverage to traders

25% for marketing and business expenses.

20% for the development, the payment of servers, obtaining licenses, etc.

5% salary for developers and team members.

Commission

In the first 3 months of the exchange, a commission of 0% will be set for all trading pairs to attract the maximum number of traders. This will enable users to try out all the features of our platform without paying any fees, and make their choice in favor of Mandarin.

Starting from the 4th month of operation, the size of the trade commission will increase to 0.05%, and after 3 months the commission will become 0.1%, after its input the reward program will work.

Distribution of profits from trading

100% profit received from the auction will be distributed every week to all token holders. Since 20% of tokens are in the administrative hands respectively, and on the exchange balance there will be 1/5 of the profits, everything will be transferred to the balance of the investor (and members of the bounty of the campaign).

Mandarin Card Issuance

In our plans for the summer 2018 to issue a personal debit card with the original design of Mandarin. The card allows you to easily withdraw money from your Mandarin account anywhere in the world where an ATM is.

By default, the main currency of card is USD, however, if your account does not have funds in USD, it is possible to activate the automatic exchange function, in this case, if there is a deficit in USD, conversion is made at the rates at the time of the transaction from any available currency on the user’s account.

Backup System

Our priority is the safety of trade data, in connection with this Mandarin’s team developed its own backup system. Hourly copying of all trading operations will ensure a sufficient level of security. Backup storage facilities are installed in 5 locations on the globe, which provides data protection for state interference services.

Mandarin Security

The basis of our platform is the safety of the users. Traders’ accounts are protected with the application of 2-factor authentication of the last generation. Confirm withdrawing your funds using fingerprint or generating one-time passwords.