Mango (MNGO)
Unlock Schedule
Mango (MNGO) Token Unlock & Vesting Schedule
The unlock chart above provides a clear visual overview of the Mango (MNGO) token release schedule, showing when and how tokens enter circulation across investor, team, treasury, and community allocations. Understanding these tokenomics dynamics is critical for evaluating potential supply pressure, inflation impact, and market liquidity over time — key factors that can influence MNGO price performance.
Each color segment in the chart corresponds to a specific allocation group described in the Allocations section below. Underlying assumptions and data models used to reconstruct this schedule are explained in detail under Assumptions, while broader utility insights and token use cases are covered in Tokenomics & Utility.
Tokenomics & Utility
Supply and distribution
The SEC’s complaint describes Mango’s initial token distribution:
- Maximum supply: 10 billion MNGO.
- August 2021 sale: 500 million MNGO (5% of max supply) sold to the public.
- Creators’ allocation: 5% of supply distributed to around ten individuals.
- DAO treasury: 90% of supply held for the Mango DAO, unlockable only through governance. (sec.gov)
This structure put the vast majority of tokens under DAO control, with governance required to spend treasury assets or adjust incentives. Over time, proposals have shaped things like market listings, risk parameters, and grants to developers—reflecting the token’s role as a coordination tool for the protocol’s roadmap. (sec.gov)
Governance functions
MNGO’s primary use is governance. Token holders can delegate or vote on executable proposals that modify program settings, enable or adjust markets, or move funds from the DAO treasury. Mango’s governance history shows how a DAO can steer a complex trading protocol using on‑chain votes and upgrade councils. (sec.gov)
Protocol utility
Beyond voting, MNGO has historically been used to align incentives—such as rewards programs for market makers or ecosystem integrations—when approved by governance. The token’s influence, however, is indirect: users do not need MNGO to trade perps or spot margin on Mango, but MNGO holders guide how those markets evolve. (gitea.interbiznw.com)
Assumptions
- Genesis date modeled as 2021-08-11 (end of sale/trading open).
The token sale concluded on Aug 11, 2021 and trading/availability began immediately thereafter per contemporaneous reporting.
- Creators/Contributors allocation treated as fully unlocked at TGE.
SEC complaint and other official/archival materials describe a 5% creators allocation at sale time with no vesting terms disclosed; community/press noted availability from launch.
- DAO Treasury has no fixed emission schedule; modeled as governance-controlled with a far-future placeholder date.
Official materials specify that 90% of tokens are held by the DAO and can only be unlocked via governance proposals; no deterministic unlock cadence has been ratified.
- Total supply capped at 10,000,000,000 MNGO.
Official/regulated disclosures state a 10B cap; at launch, 1B were in active circulation, with authority for further distribution resting with the DAO.
Allocations
Description
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Mango Markets is a DeFi platform that combines the performance of centralized exchanges with the security of decentralized ownership on the Solana blockchain. It offers low fees, fast execution, and deep liquidity, along with features like cross-margin accounts and community governance.
| Sector: | DEX |
| Blockchain: | Solana |