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Mango Network(MGO) will launch spot trading on Gate. Stake ETH or MGO to share in the 16.4 million MGO Airdrop.
Gate News bot message, according to the official announcement from Gate on June 23, 2025:
Gate will launch Mango Network (MGO) spot trading on June 24, 2025, at 17:00 (UTC+8), opening the MGO/USDT trading pair. At the same time, the platform will hold a two-week Launchpool event, distributing a total of 16,400,000 MGO token rewards. The event will run from June 23, 2025, at 20:00 to July 7, 2025, at 20:00 (UTC+8).
Mango Network is a Layer 1 full-chain multi-virtual machine infrastructure project that integrates Move, OPStack, and ZK Rollup technologies, supporting interoperation among MoveVM, EVM, and SVM multiple virtual machines. The project aims to address the issues of fragmented user experience and liquidity in Web3 applications and DeFi protocols.
The total supply of MGO tokens is 10 billion, and the project uses a mainnet token format. The token distribution includes 15% for the team, 15% for fundraising, 20% for the foundation, 17% for the ecosystem, 20% for validator staking, and 5% each for testnet and mainnet airdrops.