What Is Mango Network (MGO) and How Does It Work?
Mango Network (MGO) is a next-generation
Layer-1 blockchain designed to make Web3 applications faster, more interoperable, and easier to build across multiple ecosystems. Its core goal is to remove fragmentation between blockchains by enabling developers to deploy applications that can interact seamlessly across different virtual machines and chains. By combining high throughput with low transaction costs, Mango Network aims to support DeFi,
gaming,
NFTs, and enterprise-grade Web3 use cases at scale.
Mango Network works through a Multi-VM omnichain architecture, which supports both the
Ethereum Virtual Machine (EVM) and Move-based virtual machines within the same network. This allows developers to build or migrate apps without being locked into a single programming environment. Cross-chain messaging and asset transfers are handled natively at the protocol level, reducing reliance on external bridges and improving security, speed, and composability between chains.
The MGO token powers the Mango Network ecosystem. It is used to pay transaction fees, participate in
staking and network security, and take part in on-chain governance decisions. By aligning token incentives with network usage and developer adoption, Mango Network creates a self-sustaining ecosystem where users, validators, and builders are rewarded for actively contributing to the growth and stability of the platform.
When Did Mango Network Launch?
Mango Network (MGO) is a Layer-1 blockchain platform built to power a high-performance, multi-VM omnichain infrastructure for Web3 applications. The project was established in 2023 with a mission to solve fragmentation and interoperability challenges across blockchain ecosystems by supporting both EVM and MoveVM environments. The core team includes CEO Benjamin Kittie, CTO David Brouwer, and ecosystem lead Aryan Nava, bringing expertise in blockchain engineering, smart contract development, and ecosystem growth.
Mango Network’s development accelerated through late 2024 and early 2025, with testnet activity drawing significant usage and engagement. The project held its Token Generation Event (TGE) and exchange listings on June 24, 2025, marking the official public availability of the MGO token for trading and ecosystem participation. This launch was highlighted by major platform listings, including initial debut trading on Binance Alpha.
Mango Network Roadmap: Key Highlights
- 2023: Project founded and initial development begins.
- Late 2024: Testnet launches with growing developer activity.
- January–June 2025: Testnet matures and community airdrops distributed.
- June 24, 2025: MGO Token Generation Event (TGE) and exchange listings.
What Is the MGO Token Utility?
The MGO token is the core utility asset of Mango Network, designed to power network operations and align incentives across users, validators, and developers. MGO is used to pay transaction (gas) fees, stake for network security and validator participation, and take part in on-chain governance, allowing holders to vote on protocol upgrades and ecosystem parameters. In addition, MGO supports ecosystem growth through incentives such as developer grants, liquidity programs, and community rewards tied to activity on Mango’s multi-VM omnichain infrastructure.
You can trade MGO tokens on the
BingX spot market by
depositing USDT and selecting the MGO trading pair to place a
market or limit order. BingX also provides real-time charts, deep liquidity, and intuitive order tools, making it easy to buy, sell, and manage MGO alongside other cryptocurrencies in one account.
What Is Mango Network Tokenomics?
Mango Network’s native token, MGO, has a fixed total supply of 10 billion tokens, designed to support long-term network growth, security, and ecosystem development. The circulating supply, the portion currently tradable in the market as of January 2026, is approximately 1.59 billion MGO.
MGO Token Allocation
- 10% for airdrops to early supporters (5% for testnet and 5% for mainnet participants)
- 20% to the Proof-of-Stake (PoS) staking pool to reward validators and stakers
- 20% to the Mango Network Foundation for core funding and stewardship
- 17% to the Ecosystem Innovation Fund to fuel developer grants and ecosystem incentives
- 15% to team members and contributors and 15% to investors, with 3% reserved for advisors
These allocations are released over a multi-year schedule spanning around 7 years to balance liquidity with long-term network stability.