Mandala-Connecting the Universe through Blockchain

bacrypto15 (25)in #mandala • 7 years ago (edited)

Good day guys ,today i would be introducing you to this interesting project MANDALA before i continue with my explanation i would like you to watch the short clip given below to give you an insight of what it is all about :

To continue with my explanation I woulld be talking about the following :

Mission
Problems and Solutions
Features
The Mandala hardware wallet
Token sale

MISSION

The word "MANDALA" is an ancient Hindu and Buddhist texts and was specifically chosen as Mandala ties us together. From the diagram above the flower of life symbol is designed with nature's fibonacci numbers at the heart, representing the continuity the universe provides.The mission of Mandala is Connecting the Universe through Blockchain.

Problems and Solutions

1.Problem:The current issues in the crypto and blockchain asset exchange space range from a lack of supportive trading tools and communication lapses for first-time investors, to costly downtime and security breaches.

Solution: One of the Mandala platform goals is to set higher standards and bring the industry out of this “Wild West” phase. The exchange industry has seen an explosion of growth despite this lack of support, with many exchanges having goals to simply profit of uneducated investors. This needs to change

2.Problem: Most exchanges have the exact same, noise-filled, trade books and traditional trade verbiage. They are difficult to understand for newcomers and ofer very little support on how to successfully leverage trading tools.

Solution: Mandala will have a detailed tutorial of all features on the platform during onboarding and utilize a digital advisor approach that will be seamlessly built into our user interface.

3.Problem:Access to adequate customer support at a traditional crypto exchange is rare and instead they operate under the assumption that users should scour social media and telegram groups to take advice from other neglected users and strangers potentially with malicious motives.
Solution:Mandala will put the community first and vows to be as transparent as possible. A best-in-world customer experience is at the forefront of our vision for the platform.

4.Problem:Exchanges can be vulnerable to technical issues due to an overwhelming number of trades at any given time with the total amount of transactions across all exchanges reaching billions daily. These vulnerabilities limit the amount of users that can move their funds.
Solution:Mandala’s trade engine will be cutting edge and updated regularly. It will be one of the most secure and scalable in the industry and be able to handle north of 1 million transactions per second to keep up with even the heaviest traffic.

Features
One of the things that make this platform very interesting and unique are the features which include:

Enterprise-level matching system - Lean design and advanced risk controls
Trading of any digital asset
Support for public and private blockchains
Support for custom digital assets
Advanced & custom APIs
Financial Integrations - Banking, settlement, and payment rails
Multi-language support to attract global clientele
Modular Design - Move and customize widgets on the platform
24/7 Platform - The system never sleeps, support for round-the-clock trading and supervision
Institutional grade throughput and security
Advanced order routing and order lifecycle management
Extremely scalable connectivity and trading engine
Simple and secure authentication for KYC/AML compliance
Continuous Improvement & Updates - Quick support for new assets, modules and integrations

The Mandala hardware wallet
Mandala plans to develop and manufacture a hardware wallet for users to store various cryptocurrencies safely and securely in cold storage. A hardware wallet is an electronic device that is designed to hold your private keys in a secure ofine setting. This ability to store coins offline for safekeeping is referred to in the crypto community as ‘HODL’ (Hold on for dear life). The digital signatures and private keys that users need to transact or transfer with will be stored in this wallet. By using ancillary physical hardware no one can hack an account or wallet because the keys are not online to be stolen. We have also road mapped a feature that will marry the Mandala Hardware Wallet directly to the exchange. This will allow users to seamlessly login to the exchange utilizing high quality fingerprint sensor technology. Integrating cold storage wallets directly with the exchange brings a new layer of security and exploits next generation 3FA technology
hardware wallet.PNG

An architectural plan of what it would look like

A pictorial view of how the trading platform will look like:
trading sample.PNG

Token sale
Mandala is excited to provide you, as an investor, the opportunity to participate in the crowdsale and be among the pioneers that will take advantage of the next generation exchange platform. The crowdsale will be conducted in Ethereum (ETH), Bitcoin (BTC), and Litecoin (LTC), and investors will receive MDX tokens immediately via smart contract after their funds are submitted during the crowdsale. Due to the price movements of ETH, the amount of ETH that would be raised equivalent to the soft and hard cap will be determined at the start of the crowdsale. You can go through the details given below :

TOKEN SALE: 1 JUN – 13 JUL
Ticker: MDX
Token type: ERC20
Fundraising Goal: 18,000,000 USD
Sold on pre-sale: 3,000,000 USD (25% BONUS)
Total Tokens: 400,000,000
Available for Token Sale: 65%
Whitelist: YES (PERIOD ISN'T SET )
Know Your Customer (KYC): YES
Bonus for the First: UP TO 10%
Min/Max Personal Cap: 0.1 ETH / NO MAX
Token Issue: MDX TOKENS WILL BE LOCKED FROM US FLOW BACK FOR A PERIOD OF 1 YEAR OR UNTIL OUR REG A+ FILING IS APPROVED, WHICHEVER COMES SOONER.
Accepts: ETH, BTC, LTC