Recent events

7th November, 2022 

IMBU-MGX Liquidity Bootstrapping

Let's fix DeFiMGX TokenTokenomicsCrowdloanTimelineCommunity

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tame
the chaos

Mangata X is a community-owned exchange for experienced traders & experimental tokens.

defi is

broken

Rising gas costs make DeFi unaffordable for regular people. Front-running bots and dishonest nodes are stealing money with every transaction we make. More and more users are priced out of the game.

our chain our rules

let’s fix it!

Mangata X is a DEX Parachain made for Kusama Degens that fixes DeFi!

Apes, Snakes & Frogs assemble! We are building a No Gas economy, free protection against front-running, MEV and new mechanisms for capital efficiency right into the chain.

Your new fren in town
meet
MG X

A base layer of liquidity that also secures the network.

A diversified treasury of blue chips and DEX-owned liquidity.

Algorithmic Buy & Burn adds deflationary pressure.

80% of tokens
in the hands
of people

Mangata X is a DAO from Day 1. Those that support the long-term growth of the network will own it.

MGX Token tokenomics pie chart

hard capped.
Infinite rewards.

Mangata X will launch with 1 billion MGX to allow deep liquidity. The network is incentivised for long-term growth but still hard-capped at 4 billion MGX, so that holders will profit from price appreciation.

Every trade includes buy & burn, which removes MGX from the system and allows for more liquidity mining and validation rewards.

Graph of the MGX token circulation

140,000,000 MGX crowdloan reward

MAX 14,000 KSM
contributed
6,250 MGX minimal reward per KSM
20% immediate unlock
48 weeks
vesting

Participation in the first crowdloan will be rewarded with 140,000,000 MGX. The reward pool will be split up between all contributions to the crowdloan. The crowdloan is capped at 14,000 KSM.

Participants will get a minimum of 6,250 MGX per 1 KSM contributed.

get your
referral bonus

Each KSM contributed will give a minimum ammount of 6,250 MGX.

By using your referral link, contributors will get a 5% bonus and as a thank you we will award you an equal 5% bonus of their contribution reward.

Certain activities on selected Kusama DEXes might make you eligible for a 30% bonus. Early Mangata Community Members might be eligible for a 50% bonus. Details are announced in the Mangata X Crowdloan Bonuses blogpost.

Thank you
pioneerS!

Contribute Directly

Contribute directly via Mangata X contribution interface.

Contribute Directly

Contribute via Polkadot App

The polkadot.js app is the native way to participate in parachain crowdloans.

Contribute via Polkadot

Mangata X crowdloan is closed. We have reached our first goal on the road to launching the most capital efficient and fair DEX: Win a Parachain Slot!

Dex launch
timeline

DEC 21, 2021

Waiting Signup

JAN 31, 2022

Reward Plan Release

FEB 22, 2022

Crowdloan begins

APR 4, 2022

Onboard as Parachain

JUNE, 2022

Liquidity Boostrapping Event

JUNE, 2022

Trading Begins

become part of

the community

Join the Mangata community and be part of the next generation of DeFi.

stay in

the loop

Get the rumors about Mangata and Polkadot ecosystem.

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