To the Mandala Community,
It has been a productive few weeks around the virtual office and I wanted to take a moment to brief the community on what to expect in the near future, along with some recent concerns.
1.) Token Swaps – Please remember that the hard swap deadline is approaching. No swaps will be honored after March 19th, 2021 at 5pm EST. For more information, please see our previous post here.
There has been some concern regarding the future of the un-swapped tokens. Firstly, over 300 million MDX tokens have been swapped for the community. This combined with the 80 million team tokens means there is currently only about 20 million MDX that has not been swapped. Due to US legal considerations, we cannot “burn” or do anything to influence the price of the token one way or the other. Whatever is decided will be transparent and in the best interests of the community and the long-term health and success of Mandala.
2.) Marketing – Our PR Firm has begun rolling out its long-term strategy. This includes some A/B testing, mini testing blog sites, mainstream local news, (link,link), and many exciting new marketing avenues including more utility for the MDX token.
One of the ideas in pre-production is an IGTV Mini-Series that will air over the course of 6 weeks (12 episodes) covering everything from “What is Mandala” through interviews with the team, and how to use locking and their benefits.
A Mandala Manhunt, which involves finding clues hidden within the Mandala universe, with prizes including restaurant vouchers and free trips.
There are more YouTube videos and AMA’s coming in the near future as well. Of course, there is a lot more but this should give you a taste of what is to come.
3.) Referral and BTC Trading Contests – I'm glad to see so many of you taking advantage of the low fees and going for the gold! However, it appears that my wording of the rules has caused some confusion. You only have to be Tier 1 by the end of the contest(s) to qualify, not the entire duration. Both contests end on 3/20/2021. Sorry for the confusion.
4.) Hummingbot Integration – We have built a connector for Mandala Exchange and Binance Cloud as a whole. There is currently a governance vote to include this on the next release of Hummingbot in March. If we win the vote it will add liquidity mining to the platform along with opening many other doors with other companies.
For those who use Hummingbot, we encourage you to vote for Binance Cloud/Mandala Exchange. Voting is only open to existing Hummingbot miners at this time. We are currently in 2nd place. You can find the Vote here. Voting ends on Feb. 8th with the winner announced on Feb. 9th.
We enjoy reading your requests in discord and have some of them queued for production. If you have any questions, please join us in Discord and we would be happy to answer.
We are looking forward to our continued logarithmic growth in Q1!
Director of Marketing