Mandala caters exclusively to beginners. However, the exchange also claims to offer advanced services that cater to institutional investors and advanced investors. Some of the advanced features available on Mandala include integrated trade signaling for entries and exits, vital trading data and analytics, simple trading bot functionality, and more. Why does Mandala put such a huge emphasis on teaching investors how to trade? They aim to teach beginner trades how to trade more efficiently, helping to level the playing field and creating a more-informed marketplace overall. Today, many cryptocurrency users throw users into the deep end with barely any explanation of how trading works. Mandala has tools and resources that educate users while also seeking to increase their trading profits. The full release of the Mandala platform is scheduled for Q4 2018, with a beta release expected in Q3 2018. Mandala also plans to launch Android and iOS apps before the end of the year. You know people who are new to investing makes up the majority of current and future cryptocurrency investors. Mandala is therefore aiming to be the gateway for these people into the cryptocurrency universe, in a similar way to the purpose Coinbase has served over the past few years. The Mandala team argues that as more and more big companies announce that they are exploring blockchain initiatives, the public will become more comfortable with the technology and more and more people will want to invest in cryptocurrencies.
This will in turn lead to an exponentially growing flow of money into the crypto space, which translates into more business for crypto exchanges of all types. The most obvious problem when it comes to the Mandala ICO is the lack of any minimum viable product (MVP) or prototype. According to the roadmap on the website, the beta release of the exchange is scheduled for the third quarter of 2018, which is well after the start of the public token sale, which is set to begin on June 1. It is also still unclear if Mandala will be a crypto-only exchange or if fiat currencies will also be accepted. The company writes on its website that they “hope” to be able to accept fiat currencies for trading “as the laws and compliance regulations allow.” In other words, we don’t know if fiat will eventually be accepted for trading on the Mandala exchange. However, given the strict regulatory requirements of most jurisdictions, and the fact that Mandala as of yet is not regulated by anybody, we have to assume that fiat trading will not be available in the foreseeable future. In addition to the exchange itself, the team also plans to add a backtesting tool to let users easily test the reliability of technical trading indicators like the MACD or Moving Averages. It should be mentioned that this is something that is very difficult to create as an accurate and reliable tool. It is something for example TradingView has worked on for years, and even their solution is far from easy to use for beginner.
One of the unique things about Mandala is that it provides users with training at each step of the cryptocurrency trading process. You’ll not only be able to participate in active trading on the Mandala cryptocurrency exchange, but you’ll learn more about cryptocurrency trading while you do so. Based on these training materials, you’d think that Mandala caters exclusively to beginners. However, the exchange also claims to offer advanced services that cater to institutional investors and advanced investors. Some of the advanced features available on Mandala include integrated trade signaling for entries and exits, vital trading data and analytics, simple trading bot functionality, and more.
Features:
Education: Mandala’s educational tools include step-by-step resources and tutorials available to all traders online. These resources aim to equip individuals with the tools and knowledge they need to “shift reactive strategies into proactive trading and investment decision making.”
Customer Support:
Mandala also emphasizes customer support, making it easy for users to contact the team with any questions.
Connectivity:
Mandala will introduce a social aspect to their platform. The exchange will reward contributors with MDX tokens for their participation in the community. “Without connectivity we wouldn’t have come this far,” explains the official website, “shifting from the internet of things to the internet of value.”
Powerful Engine:
Users will access Mandala through a streamlined UI. That UI is built on top of a trading engine capable of handling millions of transactions per second. The exchange will offer automatic on-site trading tools, analytics, and AI-derived strategies to complement the experience delivered through Mandala’s cutting edge trading platform.
Lower Fees:
Mandala offers a competitive fee structure. Similar to other exchanges, you can use MDX tokens to save significant fees while trading and investing on the platform.
MDX Tokens:
MDX tokens are used to get a discount on platform trading fees. However, MDX token holders can also unlock exclusive features and resources, giving them an edge as they apply the Mandala platform to their trading and investment strategy. Some of the specific resources available to MDX token holders include risk and profit strategies, signals and alerts, and a Mandala “Trade Assistant”.
The word “mandala” means “universe” in ancient Hindu and Buddhist texts. Mandala also uses a flower as its logo. That flower is built with nature’s Fibonacci sequence in mind, “representing the continuity the universe provides
Team
Mandala is headquartered in Chicago. The company was founded in 2018. Mandala was co-founded by Nate Flanders (CEO) and Anant Handa (CSO). Other listed members of the executive team include Trevor Soares (CMO) and Zach Daniels (CTO).
Prior to co-founding Mandala, Flanders had owned, operated, and scaled multiple successful companies, including online marketing agencies, software development firms, gambling companies, and cell phone repair retail locations. In 2017, Flanders moved into the blockchain space and became the Director of Operations of Decent.bet. He also co-founded Crypto Coin Trader.
Handa, meanwhile, is the founder and CEO of Chicago-based ReVamp Electronics which distributes parts and consumer-level brands across the wireless repair industry.
The long-term goal of the Mandala exchange is to become one of the first cryptocurrency exchanges to become fully compliant with the SEC.
The Mandala Token (MDX) Sale
The MDX token sale is scheduled to begin on May 11, 2018.
Of the total supply of tokens, 65% are allocated to the token sale, 20% are allocated to the team, 10% to a reserve fund, and 5% to advisors and bounties.
MDX tokens are ERC20 tokens on the Ethereum blockchain. A total supply of 260 million tokens are available to purchase during the crowdsale using ETH, BTC, or LTC.
Mandala has set a soft cap of $3 million for the token sale and a hard cap of $18 million. The price per token is set at $0.05 USD during the pre-sale, rising to $0.06 and $0.07 during the ICO.
The ICO is officially scheduled for May 11 to June 22. No new coins will be minted, created, or mined after the ICO.
Mandala (MDX Token) Conclusion
Mandala is a cryptocurrency exchange that emphasizes user-friendliness. The exchange will give traders educational tools they can use to learn how to trade more effectively.
Website
https://mandalaex.com
Whitepaper
https://mandalaex.com/wp-content/uploads/mandala-whitepaper.pdf
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Telegram
https://t.me/mandalaex
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