What is Mandala?
The mission of Mandala is “Connecting the Universe through Blockchain”
The word “Mandala” means “Universe” in ancient Hindu & Buddhist texts and was specifically chosen as Mandala ties us together, connectively, through the universe which follows blockchain logic and the blockchain vision. Our flower of life symbol is designed with nature’s fibonacci numbers at the heart, representing the continuity the universe provides.
At its core, Mandala is a revolutionary cryptocurrency and blockchain asset exchange focused on simplicity, security and sustainability. Mandala empowers users to become more profitable on the platform by offering advice and support at each step of the trading process. This training approach is something not currently available in the blockchain asset exchange space. Our vision is to make trading actions on the platform very simple to understand and execute.
By utilizing easy to understand risk management and profit taking strategies, the platform will cater to novice investors but still offer features advanced enough for institutional investors as well. The Mandala platform will include integrated trade signaling for entries and exits, vital trading data and analytics, simple trading bot functionality and much more. With these powerful features, users will become more profitable and learn as they go without missing opportunities that they might not have otherwise identified or taken advantage of.
The psychological barriers delaying mass adoption should continue to be broken down as large companies such as IBM, UPS, eBay, PayPal, Amazon, Bank of America, etc. continue to invest or express interest in blockchain technology. As new investors see these established companies deploy blockchain technology, their faith and sentiment of crypto will turn more positive. This will cause exponentially more money to flow into the market over the coming years and the entry point for new funds will be through exchange platforms such as Mandala.
The current issues in the crypto and blockchain asset exchange space range from a lack of supportive trading tools and communication lapses for first-time investors, to costly downtime and security breaches. To date, it seems that quality of development and proper community updates simply do not exist. Some exchanges operate unethically or appear like online casinos. We feel this gives the trading of digital assets a bad reputation. One of the Mandala platform goals is to set higher standards and bring the industry out of this “Wild West” phase. The exchange industry has seen an explosion of growth despite this lack of support, with many exchanges having goals to simply profit off uneducated investors. This needs to change.
Most exchanges have the exact same, noise-filled, trade books and traditional trade verbiage. They are difficult to understand for newcomers and offer very little support on how to successfully leverage trading tools. The most important methods to successful trading are within these tools, but without an advisor or proper training they are worthless and even dangerous to use. Strict profit and risk management strategies are a critical part of being a successful investor in digital assets and help prevent common mistakes such as ‘panic selling’. Mandala will have a detailed tutorial of all features on the platform during onboarding and utilize a digital advisor approach that will be seamlessly built into our user interface.
Access to adequate customer support at a traditional crypto exchange is rare and instead they operate under the assumption that users should scour social media and telegram groups to take advice from other neglected users and strangers potentially with malicious motives. This typically leads to increased frustration and false rumors about possible insolvency, security breaches, and general public “panic”. There are reports of users waiting long periods of time for any response after a lost transaction or lost investments with such nonexistent customer service teams. Mandala will put the community first and vows to be as transparent as possible. A best-in-world customer experience is at the forefront of our vision for the platform.
Exchanges can be vulnerable to technical issues due to an overwhelming number of trades at any given time with the total amount of transactions across all exchanges reaching billions daily. These vulnerabilities limit the amount of users that can move their funds. Cyber attacks on certain exchanges also show that there are associated financial hazards linked with the use of the crypto exchanges. Even with coins safe in a wallet, users would prefer to be able to execute a trade quickly or sell at a certain price, which requires a rapid transaction that some exchanges cannot guarantee. This is why a top notch and secure trading engine is essential to a reputable exchange. If the platform is a body, the trade engine is the heart. Mandala’s trade engine will be cutting edge and updated regularly. It will be one of the most secure and scalable in the industry and be able to handle north of 1 million transactions per second to keep up with even the heaviest traffic.
The Vision
Think about the current growth of cryptocurrency markets and who it is attracting; primarily users with very little or no background experience in trading or investing. These new users become overwhelmed with information on trading, analysis, and even how to use proper risk and profit management tools on current cryptocurrency exchanges. This is a direct result of a lack of information and outdated tutorials as well as the lack of assistance from the exchanges themselves. The current exchanges available in the market are not user friendly, their trading tools are in confusing traditional market jargon, they offer zero support to empower users to make smart investments or trades, little or non-existent customer support and fall short in providing proper security for user accounts.
Mandala’s system will be simple enough that brand new users will understand how to trade/invest in crypto markets successfully by removing traditional exchange noise, using plain English tools, offering simple yet powerful automatic trade tools on-site (bots, AI-derived strategies, etc.), easy to read and very detailed portfolio data, automatic chart tutorials, trade signals, community engagement and relevant market news. The key to user success is having all of these tools encompassed in one robust platform. Although we will simplify the barriers of entry to the world of trading/investing in crypto for everyone – the system will be more powerful than current industry competitors to attract the most successful individual traders and institutional trading and investment firms.
The Mandala platform will offer better strategies, better risk management tools, and highly competitive trade and withdrawal fees. A range of premium tools are included that only MDX token holders can gain access to (see Section 6 for more information).
In summary, we believe a rising tide lifts all boats. If our exchange enables users to easily and effectively learn how to be successful traders it will have a tremendous influence on the end goal of mass adoption. Our users’ success will translate to their families, friends, and coworkers becoming comfortable with entering crypto as well.
Key Differentiators
While the current exchanges are stuck in the early 2000’s with their traditional trade tools and lack of support, Mandala will disrupt the markets view on exchanges in the crypto space. We will offer the easiest to use but also the most powerful system. It will offer tools enabling every investor or aspiring day trader, new or seasoned, to trade wisely and ultimately create success from investing and trading. We hope to reduce the ‘house edge’ markets have over investors, taking the ‘gambling’ aspect out of crypto trading and empowering users to be more successful on the platform.
Some important Mandala platform features will include, but will not be limited to:
Enterprise-level matching system – Lean design and advanced risk controls
Trading of any digital asset
Support for public and private blockchains
Support for custom digital assets
Advanced & custom APIs
Financial Integrations – Banking, settlement, and payment rails
Multi-language support to attract global clientele
Modular Design – Move and customize widgets on the platform
24/7 Platform – The system never sleeps, support for round-the-clock trading and supervision
Institutional grade throughput and security
Advanced order routing and order lifecycle management
Extremely scalable connectivity and trading engine
Simple and secure authentication for KYC/AML compliance
Continuous Improvement & Updates – Quick support for new assets, modules and integrations.
In an effort to remain compliant, the Mandala crowdsale plans to utilize both Reg S and Reg A+ Securities Act exemptions, as set forth by the U.S. Securities and Exchange Commission. The initial investment round will be for international contributors only (Non-U.S.) with a Reg S exemption. In tandem, we plan to file for a Reg A+ Tier 1 public offering exemption in order to allow for unrestricted trading of the tokens that are distributed during our crowdsale, once the exchange launches. This will allow all U.S. contributors, including non-accredited investors, to legally purchase and utilize our MDX tokens.