Layer-1 blockchain Mango Network is gearing up for the highly anticipated launch of its native token, MGO, with major exchange listings already confirmed for June 24, 2024, at 09:00 AM UTC on platforms such as Bitget, MEXC, and KuCoin.
In a recent announcement, Mango Network officially revealed the tokenomics for its upcoming token generation event (TGE), setting the stage for its entry into the broader crypto market. The blockchain, known for its multi-virtual machine support, is introducing MGO with a total supply of 10 billion tokens.
Unlocking and Release Schedule:
Mango Network’s unlocking framework is designed to foster sustainable growth:– 5% of the total supply is allocated for the Testnet airdrop, and another 5% for the Mainnet airdrop — fairly distributed to early supporters who played a key role in… pic.twitter.com/sjBW0dQmXy
— Mango Network (@MangoOS_Network) June 23, 2025
As part of the launch strategy, 10% of the total supply—amounting to 1 billion MGO—has been earmarked for airdrops to reward early supporters and community participants. This will be split evenly, with 5% allocated to testnet participants and active contributors, while the remaining 5% will be distributed during the mainnet phase.
A significant portion of the MGO supply—20%—is dedicated to supporting the liquidity of its Proof-of-Stake (PoS) staking pool. This allocation is designed to incentivize validators and stakers, reinforcing the network’s commitment to decentralization and security.
The Mango Network Foundation will receive another 20% of the total token supply, followed by 17% reserved for the Ecosystem Innovation Fund. This fund is intended to fuel long-term developer grants and ecosystem growth initiatives.
Team members and early contributors are set to receive 15% of the token supply, while another 15% has been designated for the project’s investors. Advisors to the project will share the remaining 3%.
Importantly, all token distributions—including airdrop rewards—will follow a long-term unlocking schedule spanning over seven years. Tokens will be released gradually at a rate of approximately 12 million MGO per year until the entire supply is fully unlocked.
While the specific date for the token generation event has not yet been disclosed, the confirmed exchange listings and detailed tokenomics mark a critical step forward in Mango Network’s broader ecosystem rollout.
Meanwhile, Avail (AVAIL) officially featured on Binance Alpha, marking its latest exchange listing with a limited-time airdrop and a forthcoming trading competition.
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