As cryptocurrencies each day are getting deeper rooted in our everyday lives and global economy, the number of new crypto exchanges that want to hit the market significantly increases. All of them want to reach the same success as the currently existing top exchanges like Binance, Bittrex, Poloniex, Huobi, and others.
Certainly, the availability of multiple trading platforms and exchanges is a good sign for the growing crypto-industry but, at the same time, for users and traders, it can become a real problem to decide which one of them to choose. Every new exchange is trying to embed some new unique features which others do not have. Everybody wants to be better than the rivals.
In order to make the selection of the exchanges easier, today we are going to take a look at one of such promising exchanges which made a huge leap towards the perfection. It has all the benefits of the top exchanges and a little bit more. The subject of our research is Mandala exchange.
Mandala is a brand new revolutionary cryptocurrency and blockchain asset exchange, that primarily focuses on its customers' prosperity but not on its own profit. At first sight, this statement can sound a little bit "cheesy" but a thorough analysis of the Mandala's features and tools will prove that it is actually fair.
One of the key merits of Mandala exchange is its simple, easy-to-navigate and understanding design. Moreover, the trading platform allows its users to adjust their profiles and widgets at their convenience.
The second merit of the exchange is that it works on a cutting-edge powerful trading engine allowing to process and handle millions of transactions per second.
The second merit of the exchange is that it works on a cutting-edge powerful trading engine allowing to process and handle millions of transactions per second. This is a very important feature because in order to be successful the exchange has to be able to withstand high loads. Mandala team assures that the exchange will function sustainably 24/7.
Mandala will pay a special attention to customer support which is a top priority for its team. They will ensure that its customers will receive a prompt solution for all the possible issues.
The Mandala Exchange is designed not only for experienced traders and investors like other currently available exchanges. It will help beginners in crypto trading to adapt to the new sphere. The company understands how trading platforms and the slang of the industry might be confusing for the newcomers. That is why Mandala exchange is going to use a plain language understandable to everybody. At the same time, it will provide novices with special tutorials, advice, and tools (as strategies, signals and Trade Assistant) in order to speed up immerse into the crypto-industry, its rules and finally to become a successful trader with a stable income. Eventually, this is the only reason why we join crypto-world in the first place.
Thus, Mandala will become the first cryptocurrency exchange ever to teach and support its users how to become a successful trader. I think this kind of approach will be appreciated by a large number of people who want to try themselves in the crypto-industry or simply trading but don't have time to learn and search among the huge amount of information the necessary one.
The main benefit of Mandala exchange, in my opinion, is its reliability and diversified security system.
For me, as a lawyer and simply consumer, the most important question is whether I can trust this exchange because we have to trust it our precious savings. Exploring this project's Whitepaper I found out that I can. It is stated that Mandala exchange is going to operate in the full compliance with the Securities and Exchange Commission's requirements and with other domestic government regulations and laws. While the majority of currently existing exchanges (including the top ones) are at risk of stopping their activity or are in the process of adjusting their companies to the new legal requirements, the exchange will launch as already a fully compliant and legal exchange. I think it is very important to realize that your assets at this exchange will be protected by the law from any possible frivolous actions of its management team. That would just make you free of any worries.
The second most important feature of this exchange is its high-level security system. As the hacker attacks continue to "beat" lots of famous exchanges, top exchanges implement various types of security options in order to protect their customer's assets. And as we can see, Mandala exchange will provide the same security options as other top exchanges and even more. At our disposal will be not only 2-factor authentication but also 3-factor authentication. That's already something! Of course, it will provide classical e-mail confirmation, anti-phishing alerts and notifications, anti-DDoS attack protocols and multi-signature wallets. As it has become popular Mandala introduces IP whitelisting option, as for instance, Binance did, which is actually very useful and protective feature. But Mandala goes even further, it suggests Wallet address whitelisting. Can you imagine? Even if somebody hacks your account he won't be able to steal your funds by sending it his wallet. For me, that sounds very reassuring. And what about you?
One more thing people, who are very concerned about the safety of their cryptos and prefer storing it on cold wallets, should know about Mandala is that it has an intention to develop and release its own hardware wallet, like Trezor or Ledger Nano but more sophisticated. The key advantage of Mandala hardware wallet will be its simple and special connection with the Mandala exchange and that the access to the assets on this wallet will be granted via user's fingerprints. It sounds unbelievable but it's true. Even if your hardware wallet gets lost or stolen nobody would be able to use your cryptocurrency stored on it. And that is awesome! This is the kind of security I was always searching for. I bet you also were.
We must give a credit to Mandala team for taking into account all the important modern challenges of crypto-world. The team understands that the crypto-market is extremely volatile and the users need to have permanent quick access to their assets and trading orders. That is why Mandala is coming to this market with an impressive package of services. For instance, unlike other companies, Mandala starts not only with the PC version of exchange. It also develops its fast apps for all the mobile OS in order for its customers to be always in control of their assets. With Mandala exchange, we will be free to trade at any time and from any place we want. Isn't that just great?
One more significant advantage of this exchange is its lowest trading fee on the market. I like companies that approach their projects wisely, taking into account not only their own interests but also benefits of their customers. The Mandala exchange allows benefiting from paying trading fees with its MDX tokens. Using it the commission will be not more than 0.04%. Can you imagine? This is even slightly less than the Binance trading fee. Thus, such approach not only guarantees the lowest fees on the market but also ensures investor's and MDX token holder's profits. The high demand for MDX token will make its price grow higher and higher.
The significant difference of Mandala exchange from others is that it provides services completely unavailable on other exchanges. Such services will be convenient and useful both for experienced traders and especially the beginners of the crypto-market. The Midex token holders will have the access to benefit from the Mandala Risk Strategy and Signaling System. Those two will allow users to evaluate any possible risks of their trades and define which one of them more likely to bring them profit and which ones are not, and will give them the opportunity to backtest its semi-automatic signaling system with preset technical indicators and strategies to find out which suits them the best.
The Mandala Automatic Trade Assistant will become an irreplaceable friend for every trader of this platform. Unlike other exchanges, it won't provide users with common strategies available on other exchanges, which are often useless because using them traders fight with each other using the same tactics and moves. In its turn, Mandala Trade Assistant will evaluate user's personal assets portfolio, balance, current situation and trends on the market and user's position on it, and will create a unique personalized strategy taking into account user's individual data. This approach would allow the users to be more competitive on crypto-market and "defeat" other traders in the fight for profit.
I think, there's no need to explain the real value of MDX token. It is a utility token of a potentially successful, full of benefits, exchange. With these tokens, customers will be able to pay for all the services on this platform and pay significantly low trading fees (0,04%). Of course, having MDX tokens in the portfolio will be very profitable. I am sure that
MDX will be the token of a high demand. It already is. You should know that Mandala ICO is currently ongoing. It is going extremely well. The team had collected its Softcap of 3 million dollars before the Crowdsale even started. For the moment the project has sold 151,5 Million MDX tokens out of 260 Million available. That's very impressive, considering that nowadays very few projects collect that much and reach their Hardcap. But Mandala has all the chances to reach it because the Crowdsale has 30 days to go.
Even if Mandala reaches its Hardcap and a lot of its tokens will be sold, I am sure that its price will grow and its investors will definitely benefit from this ICO. Why do I think so? The ICO price of MDX token is very low, only 0.07$. And here is the advantage of this project. Most of the project, especially launching an exchange, establish a very high price on their tokens during ICO but when it's over, the price dumps hard. But MDX token's price is low, taking into consideration its potential demand and circulating supply. So, when the team will launch Mandala exchange the price of MDX will have no other choice but to move up.
For example, look at Binance and its coin (BNB). The circulating supply of Binance Coin today is 114,041,290 BNB and its price - 14-15$. Huobi Token's supply is 50,000,200 HT and its price is 4-5$. Bibox Token's supply is 104,342,466 BIX and the price is 1.50-2$, etc. But with 260,000,000 MDX tokens supply (or even more if we take into account tokens reserved for the team and advisors) we can fairly expect that its price easily will reach 0.30-0.50$ very soon. In my expectations, we can reach that price within 6-12 months after the release of the exchange. And that won't be the limit of course. Everything will depend on the team and their actions. But I think that the investors of this project will make a good project from this contribution anyway.
Worth noting that Mandala ICO has a high level of public trust which is demonstrated on websites evaluating and estimating all current ICOs. For example, on ICObench its mark is 4,1/5; on ICOMarks - 9/10; on TrackICO - 5/5. Looks like blockchain experts left us very positive feedback about Mandala project.
Taking into consideration all the abovementioned, I think Mandala is a very promising project, with a top-notch platform and sophisticated services, as well as a very professional team. I think investing in it definitely wouldn't be a mistake. Most of the ICOs nowadays broke their initial promises, lie to their investors, developing very slowly and passively, make their shady market deals in order to make a one-time fortune and leave the market. And this is the reason why all of them fail. Recently I realized that reach success only projects that are open with their community (investors, supporters and bounty hunters), take their opinions into account, make a professional marketing campaign, hold various promotions and develop step-by-step fast, and is active in general. That's the kind of approach I see in Mandala team activity. Their advertisements are all over the crypto-resources, especially influential ones like Coinmarketcap and others. Mandala team shares with its supporters all the information to make their cooperation as easy as possible. Also, they make weekly giveaways with their official merchandise for the most active supporters of the project. And that is the approach that leads a company to success. I sincerely believe that the Mandala exchange is going to be great. All we got for now is just not miss the opportunity we have today to join this amazing project.
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Author's email: eugenereings@yahoo.com
Author's profile nickname: @reigns
There is serious competition between exchanges as we now have a lot of them and new ones are springing up everyday.
For me, I still go with the top exchanges like bitrex, bitshare, binance etc.
With this report about Mandela, I think I will have to give it a try. What got me about Mandela is the easy to navigate
Agree with you! I also use mostly top exchanges and trust them. But from the review, I see that Mandal will have all the features that Binance has and even more. I think Mandala is worth our attention. Their team is very active and responsive to its supporters. Therefore, I would follow its development. Can be a very good exchange if they implement everything like it was mentioned in their Whitepaper.
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