During this period, we have referred to many IDO projects using Mango Markets contracts. We must emphasize that the only tokens that will be circulated after IDO will be the IDO and liquidity and market-making tokens, strictly enforced, as stated in the Tokenomics document.
When we hold IDO, we strictly consider the following points:
- Everyone can participate in IDO
- No private and pre-sale
- Appropriate circulation to maintain the health of tokens
- Provide centralized and decentralized exchange circulation.
You can check on the blockchain browser
that the Token supply is not circulating to any wallet.
On this basis, we added restrictions on the withdrawal of USDC, which increased the cost of withdrawal of USDC. We hope that through this mechanism, the problem of IDO prices being too untrue during the sale period can be reduced.