On June 23, 2025, Mango Network unveiled the tokenomics of its MGO token as it prepares for the mainnet launch. The project aims to tackle DeFi challenges and enhance its ecosystem.
MGO Tokenomics: Structure and Strategy
The total supply of MGO tokens is set at 10 billion, with 20% going into a staking pool to support network security. Another 20% is allocated to a foundation for R&D, while 17% goes to the Ecosystem Innovation Fund to incentivize developers. The community is allocated 15%, indicating a commitment to rewarding early supporters. Additionally, 5% is reserved for airdrops and 3% for advisors.
Funding Injection Boosts Development
On February 14, 2025, Mango Network completed a $13.5 million funding round led by KuCoin Ventures and other investors. This funding will support mainnet development and ecosystem growth but is relatively small compared to leading blockchain competitors like Solana and Aptos.
Community Building and Market Strategy
Mango Network is engaging its community through airdrops and social media interaction, with a testnet airdrop starting June 24, 2025. However, this strategy may attract short-term speculators, posing challenges for community sustainability and market recognition.
Mango Network's tokenomics and multi-VM architecture present opportunities in the Web3 ecosystem but must overcome several challenges to build a strong community and developer base.
