Mango Network(MGO) will launch on Gate on June 24, and staking ETH or MGO will allow you to share 16.4 million MGO rewards.

Gate News bot message, according to the official announcement from Gate on June 23, 2025:

Gate will launch Mango Network (MGO) spot trading on June 24, 2025, at 17:00 (UTC+8), and will open the MGO/USDT trading pair. At the same time, the platform will launch an MGO token mining event, which will run from June 23, 2025, at 20:00 to July 7, 2025, at 20:00 (UTC+8), with a total of 16,400,000 MGO token rewards to be released.

Mango Network is a Layer 1 full-chain multi-virtual machine infrastructure that integrates Move, OPStack, and ZK Rollup technologies, supporting interoperability among MoveVM, EVM, and SVM virtual machines. The project aims to address the fragmented user experience and liquidity issues in Web3 applications and DeFi protocols. The total supply of the MGO token is 1 billion, with 15% allocated for fundraising sales, 15% distributed to the team, and 20% owned by the foundation.

Users can participate in Launchpool mining activities by staking ETH or MGO, and the system will distribute token rewards hourly based on the user's staking proportion. VIP5 and above users can enjoy a maximum staking limit bonus of 500%.

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