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DISCLAIMER: This is not financial advice! None of the members of ICOPools.io are licensed financial advisors, hence you are urged to do your own due diligence and take your own decisions. (read more)

Mandala

Mandala

Active Pools Min cap Bonus Commission Raised Rating Language Access Created
Last ICO deals

Min cap

0.15 ETH

Bonus

30%

Commission

3.5%

Raised

1038 / 1347 ETH

Active

10.05.2018

Finished successfully

12.05.2018

Tokens distributed

16.07.2018

Min cap

0.15 ETH

Bonus

30%

Commission

3.5%

Raised

384 / 1000 ETH

Active

15.05.2018

Finished successfully

19.05.2018

Tokens distributed

16.07.2018

Min cap

0.15 ETH

Bonus

30%

Commission

3.5%

Raised

116 / 753 ETH

Active

08.07.2018

Finished successfully

14.07.2018

Tokens distributed

16.07.2018

Min cap

0.5 ETH

Bonus

55%

Commission

3.5%

Raised

1026 / 1035 ETH

Active

18.05.2018

No Lockup

Finished successfully

30.05.2018

Tokens distributed

16.07.2018

Min cap

0.5 ETH

Bonus

55%

Commission

3.5%

Raised

246 / 777 ETH

Active

05.07.2018

Finished successfully

13.07.2018

Tokens distributed

16.07.2018

Min cap

-

Bonus

55%

Commission

1.5%

Raised

0 / 50 ETH

Active

10.07.2018

Vesting: Unlocked

Finished unsuccessfully

11.07.2018

Min cap

0.2 ETH

Bonus

50%

Commission

3%

Raised

75 / 75 ETH

Active

19.05.2018

Finished successfully

09.06.2018

Tokens distributed

17.07.2018

Min cap

0.15 ETH

Bonus

30%

Commission

2.5%

Raised

10 / 2000 ETH

Active

10.05.2018

50% of those tokens will be locked for 12 months!

Finished unsuccessfully

11.05.2018

Min cap

0.15 ETH

Bonus

55%

Commission

2.5%

Raised

93 / 1000 ETH

Active

12.05.2018

NO LOCKUP

Finished unsuccessfully

16.05.2018

Min cap

0.15 ETH

Bonus

90%

Commission

4.5%

Raised

254 / 255 ETH

Active

06.05.2018

Finished successfully

07.05.2018

Tokens distributed

19.07.2018

Min cap

0.2 ETH

Bonus

50%

Commission

3.5%

Raised

96 / 100 ETH

Active

17.05.2018

- No vesting

Finished successfully

19.05.2018

Tokens distributed

20.07.2018

Min cap

0.1 ETH

Bonus

50%

Commission

3.5%

Raised

39 / 100 ETH

Active

23.05.2018

Finished successfully

29.05.2018

Tokens distributed

17.07.2018

Analytics

Category: Centralized cryptocurrency exchange                       Country: Cayman Islands   Date: July 09, 2018

INTRO

Mandala is a CEX cryptocurrency platform.

 

 

TOKENOMICS

Metrics

ICO Time: June 1, 2018 – July 13, 2018

Token: MDX

Token type: ERC-20

Soft cap: $ 3M

Hard cap: $ 18M

Price: $ 0,07 = 1 MDX

Minimum investment: 0.1 ETH

Bonus: up to 25%

Bounty: Yes

Accepting: ETH, BTC, LTC

Сan't participate: USA

 

 

Tokens distribution

Token distribution:

65% Crowdsale contributors

20% Team

10% Reserve

5% Advisors and Bounty

 

Crowdsale funds distribution:

40% Development

25% Marketing

20% Operations

15% Legal & Compliance

 

 

Protective measures against the tokens depreciation

50% of the Team tokens will be vested 6 months after the ICO and rest 50% after 12 months.

 

There is no information about the lockup of the Reserve and Advisers tokens.

 

If company’s Reg A+ filing to SEC will be approved before the end of the vesting period, tokens will be issued earlier.

 

All unsold tokens will be burned.

 

 

 

PRODUCT

The relevance of market problems solved by the project

The team sees as a problem next failings of existing centralization cryptocurrency exchanges (CEX):

 

  • Lack of protection and an insufficient level of security (fraud, theft of cryptocurrency from wallets, theft of personal data);
  • Insufficient liquidity, especially across low-liquidity instruments;
  • Lack of rapid, connection-friendly APIs;
  • Low capacity and substantial delays in completing operations in the bidding system;
  • Lack of formal transparency, in particular, public and liaison protocols for interacting with clients in the event of any issues arising;
  • Malfunctioning due to limited productivity;
  • Lack of mobile applications,
  • Incomplete set of tools for graphical and technical analysis,
  • The non-user-friendly and poorly customizable user interface
  • Slow processing of deposits/withdrawals, limited means of such deposits/withdrawals;

 

 

The description of key products and project technology

The team is building fast cryptocurrency CEX with modular design, application for each platform (desktop and mobile) and low trading fees (up to 80% discount when utilized MDX token).

 

Claimed advantages:

  • Good matching system;
  • Lean design and advanced risk controls;
  • Trading of any digital asset;
  • Support for public and private blockchains;
  • Advanced & custom APIs;
  • Banking, settlement, and payment rails;
  • Multi-language support to attract global clientele;
  • Modular Design;
  • Trading alerts;
  • Move and customize widgets on the platform;
  • Institutional grade throughput and security;
  • Advanced order routing and order lifecycle management;
  • Scalable connectivity and trading engine;
  • Simple and secure authentication for KYC/AML compliance;
  • Social platform “MDX Social” to share comments about trading;
  • The team is manufacturing their own hardware wallet.

 

It’s not disclosed how most of this goals will be achieved.

 

Token utility:

  • To perform trades (up to 80% discount when utilized MDX token);
  • Users will get rewards for their trades with MDX;
  • Receive a reward for Portfolio Advice, Technical Analysis Training, etc;
  • With MDX can be performed anonymous trades;
  • Also, it’s somehow will be used for portfolio analysis, trade signals, alerts and news, but it’s not disclosed how.

 

MDX tokens will not be used on secondary exchanges.

 

Also, they are manufacturing a hardware wallet (for users), that could be easily connected to the CEX to perform the trading activity.

 

 

The stage progress and milestones of the project development (Roadmap)

The Roadmap discloses major milestones of the development without providing a deep technical explanation of what will be done on each phase.

 

Github is not active at all, while according to the Roadmap, development of the Trade Engine and UX/UI already should be finished.

 

No MVP.

 

 

The importance of blockchain in the project

Whitepaper does not disclose any information about how the blockchain will be used on the platform.

 

 

 

 

TEAM AND PARTNERS

Experience and the team achievements

The team consists of 19 employees (27 on the Linkedin) and has experience in business development in the tech field, marketing, community management and content management. Members with experience in the blockchain and software development, CEX building, trading, and hardware design are not found.

 

Nate Flanders, Co-Founder & CEO – With no relevant experience. There is no confirmation that Decent.Bet was a working product. Phone ResQ was a local store (he was CEO there).

 

Anant Handa, Co-Founder & CSO - With over 11 years in Business Development in Tech Field experience. Founder & CEO at ReVamp Electronics (11 yrs 4 mths) / Co-Founder & COO at Global Trade Connect (4 yrs). He is working on other projects at the same time.

 

Zach Daniels, CTO - With over 11 years in Engineering experience. Enterprise Sales Engineer at Comcast Business (1 yrs 2 mths) / Enterprise Sales Engineer at MegaPath Inc. (11 mths) / DevOps Engineer at Coinapult (1 yrs 6 mths). He is working on other projects at the same time. His experience in the Blockchain Development at ProofCipher, QuantumChain, Decent.Bet is not confirmed, because these companies are not working (and there is confirmation, that they ever did). His experience in the Software Development is not confirmed.

 

Andrew Carman, Business Development - With over 7 years in Business Development experience. Sales Representative at Infogix (2 yrs) / Implementation Manager at Praxair (2 yrs 6 mths) / Account Manager at Infogix (2 yrs 9 mths).

 

Other members of the team are experienced in community management, marketing, and content management.

 

 

Advisory board

Advisers board consists of 9 people (2 confirmed):

 

Campbell Law – Manager Corporate Services at Higgs & Johnson (5 yrs 2 mths). Experience as a VP of Goldman Sachs is not confirmed. He has no confirmed experience in software development, CEX building and business development in the tech field.


Sean Brizendine – He is advising many projects at the same time.

 

 

Strategic partners

Modulus (not confirmed)

 

 

Large investors and investment funds

No data

 

 

 

MARKET

Competitive environment

A very competitive space with well funded and strong cryptocurrency advocates, influencers, and dev teams already working on centralized exchange projects.

There are both large centralized players and projects with blockchain:

Crypto Exchanges - 100+ (Binance, Bitfinex, KuCoin

Bittrex, Robinhood, etc)

 

 

The project advantages

  • Good matching system;
  • Lean design and advanced risk controls;
  • Trading of any digital asset;
  • Support for public and private blockchains;
  • Advanced & custom APIs;
  • Banking, settlement, and payment rails;
  • Multi-language support to attract global clientele;
  • Modular Design;
  • Trading alerts;
  • Move and customize widgets on the platform;
  • Institutional grade throughput and security;
  • Advanced order routing and order lifecycle management;
  • Scalable connectivity and trading engine;
  • Simple and secure authentication for KYC/AML compliance;
  • Social platform “MDX Social” to share comments about trading;
  • The team is manufacturing their own hardware wallet.

 

It’s not disclosed how most of this goals will be achieved.

 

Many of those features are already implemented in modern CEXs like Bitfinex, Binance, etc.

 

MDX Social is not necessary.

 

With current team product won’t be developed.

 

 

 

SOCIAL ACTIVITY

The project popularity in the social networks and discussion forums

The project is detected on the radar of the influencer Hacked (rated negatively).

 

Facebook: 18,7k followers, the average number of likes per post is 30, the average number of comments per post is 2, user activity is Low.

 

Twitter: 8k followers, average number of likes per post is 100, average number of retweets per post is 50, average number of comments under the post is 5, user activity is Low.

 

Youtube: 350 subscribers, average number of views per video is 400, average number of comments under each video is 4 (but they are not valuable), user activity is High (but the possibility of the cheating with the views is also high).

 

Medium: average number of likes per post is 50 without any discussion in the comment section, user activity is low.

 

Reddit: 862 followers, average number of comments under the post 1, user activity is low.

 

Discord: 163 followers, user activity is low.


Telegram: 10,3k members, admins on the Telegram-channel are responding quickly, user activity is High, but most messages are not valuable.

 

 

 

Fraud risk - high. Community interest - low.

Product - 5.6
Team and partners - 4
Market - 5
Average score - 5.2

DISCLAIMER: This is not financial advice! None of the members of ICOPools.io are licensed financial advisors, hence you are urged to do your own due diligence and take your own decisions. (read more)