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/biz/ - Business & Finance

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File: 92 KB, 600x600, mdx.png [View same] [iqdb] [saucenao] [google]
29035879 No.29035879 [Reply] [Original]

Anon, take a look at the Mandala Exchange (MDX) token

>Exchange is basically a binance clone, but cheaper
>Operates on the binance cloud
>Holding MDX offers discounts when trading, giving the token inherent value
>Limited supply

>> No.29036323

>>29035879
fuck you nigger

>> No.29037659

>>29035879
Can i transfer my BNB from binance to mandala to buy this?

>> No.29037919

>>29037659
Should be possible, do make sure you send it over the correct network cause you'll lose your coins otherwise

>> No.29038079

>>29035879
this is a horrible shill. for what reason does this exist? why should we care at all?
>it's like binance, but cheaper
oh, so it's like bibox or some dumb shit that nobody users.

>> No.29038195
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29038195

>>29035879
We'll 10x if this gets even 1% of Binance Market.
Get the fuck in or get priced out.

>> No.29038552

>>29038079
Mandala just launched an exchange on Binance Cloud in late December 2020 and their token, MDX, scarily mirrors BNB’s path. The kicker is, Binance has helped build the Mandala Exchange and MDX functionality! That’s right Mandala Exchange is 100% built by Binance.

Mandala and Binance share the same order books (264+ assets live for a total of 946+ pairs to trade with, and counting) and MDX will get you the same fee discounts as BNB, which means you can get 50% discount on fees if you buy $1.4M of BNB, or you can get the same discount for the same order books on Mandala if you buy and lock $15K of MDX!! That’s about 1/100th of the price. And Mandala has already stated they plan to adjust the discount tiers as MDX price increase, which will give it even more room to appreciate.

Mandala already has an operational platform, which makes this an easy Moonshot. Futures trading for the same pairs on Binance will be launching this quarter and margin trading will launch shortly thereafter, along with Mandala's own listing of unique top Altcoins which will actually give Mandala more tokens than Binance. Combine this with Mandala's extremely low fees and you have a one-stop exchange for the hottest project on the markets.

Easy 10x

>> No.29038871
File: 393 KB, 1080x1080, 1513389039423.jpg [View same] [iqdb] [saucenao] [google]
29038871

Just bought a suicide stack at 0.09. At 9 cent this cant go wrong, they already have a working exchange and cooperate with binance so I am not worry.

>> No.29038904

$1 eom

>> No.29039207

>>29035879
accumulate now and wait for binance listing. I rode the inj train from 1.2 to 13 ,this may be another one.

>> No.29039311

>>29035879
Why does Binance make a second off-brand exchange?

>> No.29039546
File: 5 KB, 276x183, 1510542074961.png [View same] [iqdb] [saucenao] [google]
29039546

>>29037659
I transferred USDT to it to buy, it is quick and smooth. Just buy a suicide stack. This is easy x10 at least. You will thanks me later.

>> No.29040064

>>29039546
I cant seem to find where i can transfer USDT to mandala, only crypto.

>> No.29040337

>>29040064
create account on Mandala, it is quite similar to Binance. Go to wallet --> deposit --> then choose USDT to get the address.

>> No.29041129

>>29040337
I see, thanks anon.

>> No.29041813

As soon as MDX is listed on Binance this thing will explode. And this will be soon. Easy 10x.

>> No.29041908
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29041908

>>29041129
np anon. it is 0.1 now and climbing.

>> No.29042139

>>29038552
But why? I can't access the exchange because apparently it's blocked in my country, but why would binance make some new exchange? Easier listing for newer projects with less due diligence, maybe?

>> No.29042258

>>29042139
That is the entire point. Buying this is the same as buying the rug market anon. Don't buy the rugs, buy the rug shop

>> No.29042318

Why there isnt any pair to trade mdx to another coin? only usdt to mdx?

>> No.29042465

>>29042318
Bunch for listings coming in march including BNB

>> No.29042478
File: 676 KB, 798x1199, 1516084374404.jpg [View same] [iqdb] [saucenao] [google]
29042478

>>29042139
You are partially right. Mandala's own listing of unique top Altcoins which will actually give Mandala more tokens than Binance. With lower fee also. This is just like Coca-cola create other drink to reach more customers. Mandala grow will benefit Binance because it is build on Binance cloud.

>> No.29042488
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29042488

>>29039311
i theorize a few reasons
>Binance wants people to use their exchange, but BNB is becoming so expensive because of its multichain functions that people who want to reach the highest level of fee reduction are being priced out. MDX is one solution to this.
>Binance wants as much liquidity as possible, and people who contribute to Mandala's liquidity are contributing to Binance liquidity because they share liquidity and trading pairs.
>those who want to set up a rival CEX now have a carrot dangling in front of them: instead of having to find their own liquidity, their own trading pairs (remember this is why LCX never took off), their own backend infrastructure, they can let Binance do that for them for a small fee
>Binance supplying a backend for other companies to form frontends is a way for Binance to offload legal compliance and local government stuff to other entrepreneurs. Binance has had legal issues in the past:
>On February 21, 2020, the Malta Financial Services Authority issued a public statement responding to media reports referring to Binance as a ‘Malta-based cryptocurrency’ company. The statement noted that Binance “is not authorized by the MFSA to operate in the cryptocurrency sphere and is therefore not subject to regulatory oversight by the MFSA.” The MFSA added that it was “assessing if Binance has any activities in Malta which may not fall within the realm of regulatory oversight.”

just some of my personal theories, but the program (which Mandala is the first child of) is called Binance Cloud

>> No.29042542
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29042542

>>29042258
>buy the rug shop
Can't argue with that. Sadly, SEAmonkeys are not welcome I guess.

>> No.29042566

>>29042478
are you the other Mandalaposter? there was only a single on on /biz/ before, he was telling people to buy it and gave solid mathematical reasoning, that it was objectively undervalued.

>> No.29042627

>>29042566
I think I'm one of the like 4 on here RN. This shit is super low awareness atm

>> No.29043009
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29043009

>>29042566
that is not me. I just read a lot about this so I knew.

>> No.29043489

>>29043009
>>29042627
Gotcha, there's one guy who's been making posts (when I found out about Binance Cloud I didn't understand the business model so looked for it on warosu) about Mandala where he laid out that whales migrating to this CEX is inevitable because of the fees it will save them in comparison with Binance. It makes total sense. Can't wait for Binance Cloud to give Mandala leverage and futures.

>> No.29044375

>>29043489
yes, to get low fee in binance, user needs to have large quantity of bnb and with the bnb price now it is very costly. Mandala will give a much lower fee. Q1 future and Q2 for margin as shown in road map.

>> No.29044522

>>29044375
Dont forget screener listings for coingecko and shit coming in march

>> No.29045573

>>29044522
What's your source for this stuff? Pls don't tell me I have to join some gay moonboy telegram group