Mandala Exchange is a revolutionary digital asset exchange aiming to disrupt the market.
Website: https://mandalaex.com/
Whitepaper: https://mandalaex.com/wp-content/uploads/mandala-whitepaper.pdf
One Pager: https://mandalaex.com/onepager
Intro Video: https://www.youtube.com/watch?v=Is5dORbzW48
Overview
Mandala platform users can expect a front end user experience unlike anything currently in the cryptocurrency and digital asset space. Their main focus is built on simplicity, security and sustainability. The platform empowers the user to become more profitable by offering advice and support in a shape of trading advices, bots, simple P&L analytic and easy to understand risk management and profit taking strategies.
Mandala’s system will be simple enough that brand new users will understand how to trade/ invest in crypto markets successfully by removing traditional exchange noise, offering simple yet powerful automatic trade tools on-site, easy to read and very detailed portfolio data, automatic chart tutorials, trade signals, community engagement and relevant market news.
Mandala Hardware Wallet - Mandala plans to develop and manufacture a hardware wallet for users to store crypto safely and securely in cold storage. The HW will connect directly to the exchange and allow users to seamlessly login to the exchange utilizing high quality fingerprint sensor technology. Integrating cold storage wallets directly with the exchange brings a new layer of security and exploits next generation 3FA technology.
Although there is no profit sharing strategy publicly available, there is a possibility for Mandala to share the profit of the platform under a certain compliance and regulation. More TBA.
Compliance - Mandala has retained a specialized veteran legal team in order to be perfectly compliant with the SEC. In an effort to remain compliant, the Mandala crowdsale plans to utilize both Reg S and Reg A+ Securities Act exemptions. Here is their Certificate Of Incorporation on the Cayman Islands. https://mandalaex.com/wp-content/uploads/Certificate1815557.pdf
Mandala will register or acquire a Broker-Dealer license and be registered as an Alternative Trading System (ATS) with the SEC. Mandala is the first of its kind, filing to introduce a compliant exchange platform and functional token in the digital asset space. By filing for a Reg A+ offering in the U.S., the MDX token will have limited flow-back restrictions and increased liquidity for all U.S. investors (not just accredited).
EXCHANGE TOOLS & FEATURES
Risk Strategy System - The Mandala’s profit and risk management system offers a semi-automatic tool that can protect the users portfolio. The exchange will collect the data from an individual account and provide a safe profit take zone accompanied by a risk limit zone. The user will be able to apply the Risk System Strategy on their current position.
Signaling System is a semi-automatic system that enables users to select technical indicators and backtest their reliability against the chart history. The Signal System tests the behavior of indicators such as MACD, Moving Averages, RSI, and others to determine their reliability on a certain digital asset.
Automatic Trade Assistant compiles individual data and creates a comparison to market and signaling data. That information prevents the trading tool from competing with other users on the exchange who are simultaneously running the Mandala Auto Trade Assistant.
Portfolio View will provide a customizable and easy to read snapshot of user’s trade history. Users can inspect their profit and loss over a specified period of time on specific currencies. Something like Blockfolio on an exchange. It also makes the reporting of capital gains tax much easier.
TOKEN UTILITY
With the MDX Token, users will be able to unlock exclusive premium features on the platform and receive up to 80% discounts on trading fees by utilizing the MDX Token. In addition to trading fees, MDX tokens can be used to pay for withdrawal fees, access advanced analytics, signals, trading bots, strategies, community platform, tax reports, P2P marketplace services, etc. In addition to these key services, MDX holders will have access to Autonomous Trade Bots, trade signals, alert and news, trade and portfolio analytics, MDX Marketplace and MDX Social platform.
The Autonomous Trade Bot will include tutorials, fast load strategy back testing, custom community strategies and risk/profit management techniques.
Trade and Portfolio Analytics include the full trade history with a list of profit & losses viewable in multiple asset pairs. The user will be able to use automatic position suggestions, trade suggestions and risk management suggestions based on the users trade history.
MDX Marketplace will be the place where traders will be able to sell their services P2P, such as trading advice, technical analysis classes, one on one training, custom bot strategies, etc. They will implement a rating system on which users can rate their experience with the purchase, as well as a complete escrow system to facilitate payments.
A few Q&A from the CEO Nate Flanders
How will you market your product? How will you achieve the hype around the project?
We have a very aggressive go to market strategy with global partnerships for marketing scheduled to begin closer to launch dates. Also, because of our compliance route, we are unable to mention, yet, some of the most important attractive user on-boarding incentives we will be bringing to the table, including a referral program, initial trade fee structures, profit sharing models, and token burn models. Not to mention when the platform is released and users actually see the system in full force, the attractive buzz it will create alone. We can only say so much about it, so we are working extremely hard to bring to market much sooner than anticipated, to really help the community see that ‘we aren’t just another exchange.
How will you reach liquidity on your platform?
We are partnering with 6 exchanges to share full liquidity on tokens listed across multiple exchanges. For our native token (MDX) and new token listings that aren’t on other exchanges, we are partnering with some of the largest market makers to provide full liquidity. This means the entire exchange will have high volume liquidity the day we launch.
What trading pairs will your exchange include?
We plan on having a wide list of security tokens, as well as international compliant tokens listed at launch. We cannot reveal which yet, as there are NDA’s in place, but we have an attractive set coming available upon launch.
Are you still in the process of choosing tokens to add when the exchange launches? If so, what is the criteria?
The listing process is internal at this stage, but compliancy is the most important factor. If you wanted to have them reach out, please do so to [email protected]
One of the questions that we have is about the profit share. What happens if you don’t get approved from the SEC with the Reg A+. Will you still be able to potentially share the profits?
Under compliance, we cannot market on our website or whitepaper while we are pending our US Reg A+. However, we have an extensive profit sharing and token burning model developed and will share full details as soon as we get the ‘green light’ from the SEC (within the coming 3 months). However, there is an exciting timeline change (we can’t disclose yet, but will be announcing within the next 2 weeks) that can change that structure and our ability to ‘launch’ it with our exchange opening to public.
Reg A+ is already approved, it’s also not a document that can be “declined” it’s just back and forth with the SEC with any amendments they need until it’s final.
Why are you certain that you will achieve all the stuff stated in the whitepaper and beyond? And if it’s so good to be true, why is the presale* still ongoing with a bonus as high as 25%? Is there any big investors backing you?
We have 3 entities - 2 out of the Cayman Islands, both under ‘Reg S’, and one in the US that pending Reg A+, BD, ATS, and state-by-state MTL’s. The Reg S allows us to sell our ‘security token’ (MDX) internationally to retail investors and up while the A+ is pending. When the A+ is finalized, we are able to repatriate the funds we raised as well as flowback of the international security tokens we sold in the US where our exchange will be domiciled.
We have bootstrapped the entire project and development before our crowd-sale launched. We have strategic private VC’s and Hedge funds pending large contribution deals. The reason for the bonus - to be transparent, it’s a marketing opportunity on top of a way to interact and share our project as best we can without having a publicly accessible demo.
SO - Since we are receiving feedback such as “You’re bringing just another exchange” “What’s the difference between you and all the others” etc - we have personally funded to help expedite the development AND full launch, LIGHTYEARS ahead of our roadmap currently. We are firm believers of under promising and over delivering. I cannot, for purposes of first to market with this new technology we are bringing, expose the new timeline, but let’s just say there will be a public announcement of new full launch dates coming within 2 weeks.
Once we launch, we are 150% confident Mandala Exchange will speak entirely for itself.
Team & Advisors – 8/10
The team consists of 18 people. Co-Founders Nate Flanders and Anant Handa both being serial entrepreneurs as well as 16 other capable entrepreneurs, marketing experts (Trevor Soares - Co-Founder of Fanly.io), engineers (Zach Daniels), and communications experts. Their advisors include multiple personalities from the financial industry, professors, former Goldman Sachs VP, and strategic advisors.
Roadmap – 8/10
Q2 2018: Pre-sale/Public crowd-sale, Trade engine development, UI/UX development, US compliance, Community building
Q3 2018: Mandala platform beta release, Additional Stress testing, Third party security audit, Code audit
Q4 2018: Mandala platform full release, MDX social beta release, Third party wallet integration iOS app release
Q1 2019: Mandala hardware wallet manufacturing & beta testing, MDX marketplace beta release Android app release
Q2 2019: Mandala hardware wallet release, Expand trading pairs, Annual financial audit
Token Metrics – 8.5/10
Hard Cap: $18M, ICO Price ~ $0.07
Total token supply: 400,000,000
Token distribution date: At the start of the main sale (ICO starts on June 1st to July 13th, 2018.)
Token allocation: Contributors 65%, Team 20% (50% withdraw-able after 6 months, additional 50% after 1 year), Reserve 10%, Advisors, Influencers and Bounty 5%
Verdict
Neutral for short term flip
Positive for long term hold
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