Mango Network Unveils Tokenomics and 1 Billion MGO Airdrop Ahead of Token Launch
Mango Network is preparing to kick off its Token Generation Event (TGE) with a total supply of 10 billion MGO tokens. As part of the launch, the Layer-1 blockchain platform—known for its multi-virtual machine support—has announced a dual-phase airdrop campaign, allocating 10% of the total supply, or 1 billion MGO, to early supporters.
In an official post, Mango Network shared details of the tokenomics behind MGO, though the exact TGE date remains undisclosed. However, the token has already secured listings on major cryptocurrency exchanges including Bitget, MEXC, and KuCoin, with trading set to begin on June 24, 2024, at 09:00 AM UTC.
“As MangoOS_Network approaches its Token Generation Event (TGE), we’re thrilled to reveal the Mango Tokenomics!” the network wrote.
According to the announcement, the 1 billion MGO airdrop will be split evenly between testnet and mainnet participants—5% of the total supply for each. The testnet rewards are designated for early users and community contributors, while the mainnet airdrop will target future supporters.
A significant portion of the token supply—20%—is allocated to the Proof-of-Stake staking pool to incentivize validators and ensure network decentralization and security.
Other key allocations include:
- 20% to the Mango Network Foundation
- 17% to the Ecosystem Innovation Fund, intended to support developers and long-term ecosystem growth
- 15% to the Mango Network team and early contributors
- 15% to investors
- 3% to project advisors
All token allocations, including those distributed through the airdrops, will be subject to a long-term unlocking schedule. The release will occur gradually over more than seven years, with approximately 12 million tokens unlocking annually until full distribution is achieved.
