(Introducing) Mandarin a Cryptocurrency Exchange Controlled by The People

Cryptocurrency itself is a digital currency that uses encryption techniques to regulate each unit of a new currency and verify every shipment of funds that occurs. This digital currency operates independently without central bank intervention.

Although Bitcoin is the most widely discussed cryptocurrency, there are actually many cryptocurrencies types in the world. This time, Tech in Asia summarizes ten of them, which is also a cryptocurrency with the largest market capitalization based on Coin Market Cap analysis.

And the presence of MANDARIN in the world of Cryptocurrency is a new thirst release in this world. All eyes will be on UAHPAY residing in Ukraine. So come join MANDARIN for your better economic life.

What is ICO ?

ICO is one of the ways for new companies (startup) to get funding from the public. ICO is an effective way for startup to get capital by abandoning old ways (applying for credit to large investors and banks) and offering fund-raising to the public.

How is the ICO mechanism?

A startup that will perform ICO will create a document called whitepaper. In a whitepaper, a startup provides information about the project background, the project objectives, who handles the project, how much money the project requires, how many coins are made to offer, the project agenda and schedule, and the timing of the ICO. You could say a whitepaper should be able to give a clear picture of the project to be run. Fund raising can be done with fiat money and digital money.

ICO also sells its coins to investors as in crowdfunding. Only difference is that investors at ICO are more motivated on their return on investment and many do not care about the projects offered. While the funds collected at the end of the sale are basically a donation. For this reason, ICO is still more commonly referred to as crowdsales.

What is mandarin?

Mandarin is the first exchange of cruptocurrency with joint management. It is divided into 1 000 000 tokens-iris. 100% of the profits are distributed among all token holders, anyone who wants to get their own pieces. The main decision is made by holders of more than 10 tokens using voting and smart-contracts systems. Enter new currency into exchange, expansion of function, modify existing installation, including how deposit will be done by voting among token holder. Top investors who have more than 1% token have access to the admin panel and expanded statistics.

VISION

To solve current crypto currency exchange problems, as well as to provide solutions to problems regarding this project.

MISSION

To create a unique trading or trading platform with shared management. Such a decision should regulate all market behavior and provide the necessary level of security so that it is necessary for the crypto currency area. However, to offer solutions to these issues need to consider the history of cryptocurrency.

The Mandarin Exchange

Mandarin as mentioned as the decentralized stock of the new generation, but we like the term crypto management currency exchange market more precisely. Currently there is no similar solution in the market, Mandarin is the first project of its kind.

The platform model is based on the principle of dividing corporate assets (Mandarin Token) among all entrants. Mandarin is divided into 1,000,000 tokens, and distributed among exchange investors, prize campaign members and team members. This model makes it possible to minimize the risk of losing user funds, through the use of smart contracts and voting systems.

Shared management eliminates some potential issues:

• Embezzlement of investor funds by the administration of the platform.
• Government investment in finance in user transactions.
• Stealing funds from cold wallets by intruders.
• Disagreements regarding the introduction of new coins between the stock administrations and traders or traders.

Mandarin Technology

The Mandarin platform is applied on a Ethereum basis, using smart contracts. Mandarin Token (MNT) is an ERC20 token where the platform is managed.

Mandarin Card Issuance

In our plans for the summer 2018 to issue a personal debit card with the original design of Mandarin. The card allows you to easily withdraw money from your Mandarin account anywhere in the world where an ATM is.

By default, the main currency of card is USD, however, if your account does not have funds in USD, it is possible to activate the automatic exchange function, in this case, if there is a deficit in USD, conversion is made at the rates at the time of the transaction from any available currency on the user’s account.

Backup System

Our priority is the safety of trade data, in connection with this Mandarin’s team developed its own backup system. Hourly copying of all trading operations will ensure a sufficient level of security. Backup storage facilities are installed in 5 locations on the globe, which provides data protection for state interference services.

Mandarin Security

The basis of our platform is the safety of the users. Traders’ accounts are protected with the application of 2-factor authentication of the last generation. Confirm withdrawing your funds using fingerprint or generating one-time passwords.

Token Distribution

• 70% will be sold during ICO.
• 20% will be locked in the fund of exchange.
• 5% for early investors.
• 5% for a bounty campaign.

Acquisition of community members’ status allows users to participate in the implementation of key decisions in exchange management:

• Introduction of new currency pairs to the exchange.
• Expansion of functional capabilities.
• Modify existing facilities (including how to recharge the balance).
• Participation in voting withdrawal of cold wallet funds (Withdrawal of funds only allows with the approval of more than 35% token owners).

Token Sale

• The total number of Mandarin tokens is 1,000,000.
• During coins ICO 700,000 coins will be sold.
• The token selling price during ICO is not specified, varies dynamically depending on the total amount of the fee, and will be known only at the expiration of the ICO on 29 September or when it reaches the maximum cost amount if it occurs earlier.
• For Ethereum value calculation is equal to $ 300.
• The maximum cost amount is 7000 ETH or $ 21,000,000.

Here is the ICO bonus system table.

In the first three days of ICO, investors receive a bonus of 25% token of the amount purchased. After that, for two weeks there will be a 10% bonus.
The last two weeks there will be no ICO bonuses.

If the maximum amount of funds collected (equivalent to 70,000 ETH) will be collected within the first 3 days, the bonus system will cease to operate and the price will be set at 1 ETH = 10 Mandarin Tokens.

Assembled Funds Distribution

• 50% stay in reserve of exchange on cold wallets for providing leverage to traders
• 25% for marketing and business expenses.
• 20% for the development, the payment of servers, obtaining licenses, etc.
• 5% salary for developers and team members.

Commission

In the first 3 months of the exchange, a commission of 0% will be set for all trading pairs to attract the maximum number of traders. This will enable users to try out all the features of our platform without paying any fees, and make their choice in favor of Mandarin.

Starting from the 4th month of operation, the size of the trade commission will increase to 0.05%, and after 3 months the commission will become 0.1%, after its input the reward program will work.

Mandarin Team :

• Petr Orlov – CEO

Mathematician in the 5th generation. As a supporter of free Internet, in 13 years old develop the torrent tracker script. Later became interested in browser games, which led to the creation of the service the sale of game currency. Learn about the cryptocurrencys in 2013, trying to get them with the help of mining, Petr eventually decided that there is nothing better than trading, and switched to the development of trading bots. Now Petr is ready to introduce Mandarin.

• Sergey Tsvetkov Has extensive experience in the field of server maintenance and cloud storage. As an expert in his field, he believes that nothing is more important than security, and it is better to be reinsured once again. Worked in the satellite communications industry, but after learning about the technology of the blockchain, he dropped everything and became a cryptocurrency enthusiast.

• Christina Zhuravleva is a digital designer. She was participating in competition for Yandex Company, designing mobile app for a Smart House. In this project she is responsible for web-site design and brand identity.

• Ilya Karetnikov is an expert in the field of information security. He has years of experience in the test environment software . For some time he worked at Kaspersky Lab, until he turned his attention to the study of cryptocurrencies and blockchain systems.

• Li Young The Chinese developer, who spent his whole life in America. He is a big supporter of blockchain technology from the beginning of development of bitcoin. Believes that cryptocurrencies will change the world for the better.

• Dmitry Ivanovic is a specialist in the field of game theory and stock analysts. Long time living in Switzerland for more than 6 years worked at Bigpoint. At the moment, has been studying the characteristics of volatility in the cryptocurrency market.

Alfred Paterson devoted his life to the promotion of Products in the sphere of high technologies and creation of business linkages. Marketing is his medium. Did advertising giants such as Mitsubishi, Hewlett-Packard, Western Digital.

For more information, please visit our official website:

http://www.mandarin.top/

Created by TahuDiniHari

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