Mango Network Announces MGO Tokenomics: Total Supply of 10 Billion, Testnet Airdrop at 5%

BlockBeats News, June 23, Multi-VM full-chain network Mango Network announced the MGO tokenomics, with a total token supply of 10 billion. The token distribution is as follows: 20% POS staking pool; 20% Foundation; 17% Ecosystem Innovation Fund; 15% Team and Early Contributors; 5% Testnet Airdrop; 15% Investors; 5% Mainnet Airdrop; 3% Advisors.

Mango Network previously completed a $13.5 million financing in February, with participation from Ainfra Ventures, Kucoin Ventures, Tido Capital, Connectico Capital, Becker Ventures, Tfund, Mobile Capital, CatcherVC, among others.