Mango Network is an innovative and developing Layer 1 blockchain which is positioning itself as a next-generation platform in the world of crypto.Recently, it has stated on its X handle that Mango Network TGE (Token Generation Event) and Airdrop is coming.
The project plans to allocate 5% of its total $MGO token supply and all the tokens will be fully unlocked at once.
Source: X
Mango Network says in its twitter post that this claim is a way to express their gratitude to the community and investors for their valuable contribution.
It is unlocked for the testnet users and active community contributors (like OG role).
On June 24, the token distribution will begin and the rewards will be sent out in the order in which they are claimed.
Source: X
To participate in this, investors must do binding that means firstly, link their Twitter accounts to their platform .And after that users have to link their Twitter profile to the Mango Network.
Additionally, they are required to follow BeingDEX which is a key partner in companies ecosystem.
After linking their Twitter account, users can move to check for how much $MGO they are eligible to receive.
The countdown is being displayed on the website of Network. It tells about how much time is left to complete the verification.
After that, users can check their airdrop amount and confirm it. If once it is done, they will be able to claim their tokens when the claiming period starts at 17:50 UTC on June 24.
The network team has requested its users to be aware of the digital frauds and scams happening in the digital world. As all the tokens will be fully unlocked when the token distribution will take place.
As the platform positioned itself as a next- generation blockchain. It is aiming to solve two biggest Web3 problems that are scattered liquidity and poor user experience.
For solving this problem the project is now using multi-VM, full chain infrastructure.
Unlike many other Airdrops that only look towards total points, it is using a fairer system.
Token rewards will not depend on the points earned, but also on how active and helpful a person was during the testnet phase.
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