Mango Markets (MNGO) aims to merge the liquidity and usability of CeFi with the permissionless innovation of DeFi at a lower cost to the end-user. It offers margin trading, lending, perpetual futures, and decentralized governance. Mango leverages the power of Solana blockchain and Serum DEX for lightning-speed trade execution and near-zero fees. The Mango Token is a governance token that allows token holders to upgrade the protocol and create incentives for participation.

Mango Markets was founded by Daffy Durairaj and Maximilian Schneider. The genesis of Mango began when Daffy posted a video of a command line margin trading mechanism on Solana. Maximilian discovered the video, connected with Daffy, and the two continued development to establish Mango Markets.

Mango's uniqueness lies in its combination of low latency, low transaction costs, and full decentralization. These key ingredients are made possible on the Solana blockchain. Mango aims to win the long game in financial services by providing usable tools with low latency, rock-bottom fees, and resilience against centralized incompetence or malevolence. The open governance model attracts top talent to build and govern the protocol, while the permissionless nature allows for countless experiments and life-changing innovations.

There are 1,000,000,000 MNGO coins in circulation.