OAK Network Announces Partnership with Mangata
OAK Network Announces Partnership with Mangata
Our entire team here at OAK Network is thrilled to be able to announce our strategic partnership with Mangata!
Collaboration amongst parachains and projects within the Polkadot and Kusama space is a critical requirement for the progress of the Dotsama ecosystem. Working together with other parachains has always been a top priority for OAK Network and we couldn’t be happier to collaborate with Mangata.
Mangata is building an effective and innovative decentralized exchange to the Kusama and Polkadot ecosystem. Their DEX and blockchains are community-driven with a focus on capital efficiency and fairness. Their community-driven approach has demonstrated its successfulness, as their Mangata X crowdloan on Kusama broke multiple records as the community contributed 14,000 KSM within 50 minutes.
OAK Network, the Web3 hub for automation will offer secure and trustless automation functionality. Our ambition is to develop innovative functionality that can be utilized by other parachains and can benefit their users. We believe that this is especially relevant for Mangata and their community.
This partnership will enable both the OAK Network and Mangata teams to share their expertise and development knowledge to grow and evolve their own products AND the Dotsama ecosystem. OAK and Mangata are both committed to working together to test the effectiveness of Polkadot’s cross-chain message-passing protocol (XCMP).
Recently OAK Networks Head of Growth, David Finklestein and Mangata’s Tommi Enenkel sat down to discuss new opportunities across Dotsama and discuss both networks plan for the future. For those who missed it you can watch a recording on the Mangata Youtube channel.
With the Turing Network crowdloan (OAK’s canary) going live our team couldn’t be happier to have the support of an established parachain like Mangata. You can find out more about the Turing Network Crowdloan below.
Click here to go to the Turing Crowdloan Webpage
About OAK Network
OAK (On-chain Autonomous Kernel) Network is a blockchain automation hub for DeFi and payments built on Parity Substrate with a first of its kind event-driven execution model. This model enables transactions to be triggered by event signals such as time, price, and smart contract state changes. Importantly, this differs from traditional architectures utilized by Ethereum, Bitcoin, and other popular chains where multiple transactions require repeated private key signing. With this novel design, OAK can empower any connected blockchain with autonomous functionality unleashing endless potential for our partners.
Website | SubSocial | Medium | Twitter | Discord | Github | Telegram | YouTube | LinkedIn
About Mangata
Mangata is a next-generation DEX with the mission to make tokens from all ecosystems tradable on a single DEX. It features gasless swaps, prevents front-running and miner-extractable value on the consensus level without additional fees and secures the network with the revolutionary proof-of-liquidity consensus.
Mangata is building on Substrate, which enables it to customize the rules of the chain to optimize the whole ecosystem around capital efficiency and fairness.
Our goal is to create the number one Go-To protocol for traders and liquidity providers of digital currencies online.
