Mandala Exchange – a revolutionary digital asset exchange aiming to disrupt the market.
Crowdsale start: 1 June, 2018
MandalaEx.com Progress Updates, Budget & Timeline:
MandalaEx.com Bounties / Airdrops
Meet the core MandalaEx.com team & advisors
Co-founder & CSO
Anant Handa is a serial entrepreneur and seasoned chief executive with over 10 years of experience. He has cultivated over $100M in revenue across multiple ventures throughout his career. He is a strategic investor, mentor and advisor to multiple start-ups. Anant has profound business intelligence and intuition, which has helped him implement sound strategic plans to guide the direction of companies to achieve overall success.
Zach Daniels is a Network engineer with over 12 years of experience in the IT industry. Zach’s expertise in security and networking provides a strategic approach to growth and value creation within the blockchain industry. Before building and operating LinkLogic Networks, a national Internet Service Provider he owned, Zach was the network engineer and cybersecurity specialist for a VoIP telecommunications firm, IP5280 until 2010.
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MandalaEx Expert Evaluation:
Written by: Kyle Headley
Kyle is an experienced leader with a demonstrated history of working with successful ICO projects. Skilled in Customer Service Leadership, Continuous Improvement, Technology Transformation, and IT Service Management. Strong experience working within Global Technology environments and leading business enhancing IT evolution. Blockchain enthusiast, ICO Advisor, Investor and Spokesperson.
Product and problem it solves
8 out of 10
Marketed as a second generation cryptocurrency exchange. I find this hard to argue with. Traditional crypto exchanges are often badly cut down copies of traditional stock market offerings. They don’t offer the same tools, trading options or functionality.
Mandala has broken the mould here. They are making things simple for new traders and investors hitting the market. They have a social aspect to their exchange which I think today’s Crypto investor will find very appealing. They are putting a huge focus on customer service which is great and furthermore, tutorials will be useful for the newbie. The copy feature or bot trading should make for a safe environment for those that do not have time to watch the trends.
However they are advertising an attraction for traditional investors (often with more capital) through the liquidity and power of their exchange but I think they may struggle here. Most traditional investors will find the exchange lacking in trading options and the social aspect too noisy.
Market and competitors landscape
7 out of 10
Existing crypto exchanges will struggle to keep up with Mandala should the product do all they say it can do. The simplicity of the exchange should have retail traders flock to the platform when comparing against Binance or Bitfinex. This will likely be a quantity over quality game in my opinion. Mandala is going to be groundbreaking with their social aspects and that copy feature…. I do not think they will have a total monopoly however.
That said!… products like eToro already do almost everything Mandala is pitching for. Social trading, copy features, etc. Plus eToro can be used to trade all types of markets. Mandala will have one up here with the fact that they intend to offer far more opportunities in the crypto space, have AI bot inclusion and will be an actual exchange as oppose to a brokerage.
Technology, smart contract and blockchain use
9 out of 10
The technology proposed on the Mandala exchange is in one word exciting. Combination of traditional ideas mixed with cutting edge innovation such as blockchain and AI makes the user experience both secure and intuitive. The use of multiple blockchains to allow almost any currency or token onto the exchange is also a real positive – who actually likes having a dozen exchanges to jump between.
The one that really sticks out for me is the Automatic Trade Assistant. For each instance to operate individually against a traders own decisions and data is truly revolutionary in this space. Most trading bots will have X amount of people sign up and then all trading the same way at the same time. Crippling the market and making the bot ineffective. Imagine 100’s of bots trading differently based on the data they have collected and the AI reactions to user input. I will definitely be watching this in action.
Token use case and potential
7 out of 10
The token use case is essentially the currency of choice within the Mandala ecosystem. It is clearly set up to be a utility and I would agree with that description.
Within the ecosystem users will be able to discount their own trading fees, pay for additional features and also cover the cost of withdrawals.
These features could have just as easily be met with another token such as Ether or BTC however I do think having a dedicated token for the ecosystem is the right choice. You know why you have it and what you can do with it.
I won’t speculate on potential price of token as it has been set up as a utility.
Team and ICO details
6 out of 10
OK, this is a BIG team so I haven’t looked into everyone. I have reviewed founders and key team members however and what I can say is that Mandala is littered with Entrepreneurs, everyone seems to have founded multiple businesses before though all seem to have been in recent past (2016 onwards) so hard to say if this can be used as a baseline. Many of the core team have successful past experience in the blockchain world which is very comforting.
One thing that does concern me here is that many seem to have a full time jobs over and above Mandala. While this isn’t unusual for team members it is concerning to have key founders not putting 100% focus on the project.
Caveat – I’m only going by LinkedIn, it is possible social media hasn’t been updated.
All in all I think this is going to be one to watch. The product is going to introduce a totally new spin on the exchange market attractive a lot of new traders and investors I suspect. The technology is the real selling point for me, if Mandala pull off their roadmap (which they are running ahead of by the way) they I’ll be amazed if this exchange isn’t successful.
7.4 out of 10