Mangocoin Project

  • Complete transparency on the part of the charity so they can show how donations are used. Despite being a Cryptonote currency, we (the team behind Mangocoin) are developing a solution to allow on-chain, verifiable transparency for charitable projects while still preserving the privacy of users.
  • Completely anonymous donations for end users. With traditional financial transactions, there are always records (bank transfers, credit card transactions, etc.) that tie a particular donation to an individual. Even with Bitcoin, addresses are publicly available and all transactions are traceable back to their senders. With Mangocoin, transactions are completely untraceable.
  • Increased efficiency. With the distributed ledger, charities no longer need to spend as much on recordkeeping and accounting. Mangocoin’s fast speed means that donations are processed almost instantaneously, including outside of regular business hours, so charities get access to the donations they need much faster. Additionally, the low fees on the Mangocoin network reduce the overhead for charities
  • Tax advantages for donations. Many countries tax cryptocurrency sales according to capital gains, which means that if you sell your coins and then donate in fiat currency, 30% or more of your donation could go just to taxes. However, some countries, including the United States, classify donating cryptocurrency as a donation of property, which means that there is no tax on the transaction. As part of our future development, we are working on a way for charities to digitally sign ‘receipts’ for donations that only the original sender can unencrypt. This will allow the original sender to prove they made the transaction when required for tax purposes, but the transaction — and the sender’s wallet address — will still be completely private.
  • Charity support: 50%
  • Development costs and listing fees: 25%
  • Marketing, giveaways, and community distributions: 15%
  • Team bonus: 10%
  • mangocoin is the project founder who has been in the cryptocurrency world for about 10 years.
  • JoenPool, our project advisor, has been in the cryptocurrency world for about 12 years.
  • Our Community Manager, BlackHitama has 4 years of crypto experience and 2 years of financial and communication experience
  • RohanArcher is our financial analyst and a developer. He has 7 years of cryptocurrency experience and 4 years of development experience.

Ueseful links

Official website: https://www.mangocoin.online
Official block explorer: http://explorer.mangocoin.online

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Mangocoin Project

Mangocoin Project

2 Followers

Mangocoin (MNG) is a new cryptocurrency project founded in July of 2019.