Binance Alpha began trading Mango Network (MGO) on June 24. To incentivize early engagement, Binance offered a 1,666 MGO airdrop to users holding at least 210 Alpha Points. The claim window remained open for 24 hours and operated on a first-come, first-served basis. The listing represented the token’s first appearance on a centralized exchange.
Mango Network introduced MGO as its native asset to support a dual-chain blockchain infrastructure that integrates MoveVM, EVM, and SVM execution environments. The listing also initiated a sequence of coordinated launches on exchanges like KuCoin and Bitget.
Following the Binance Alpha listing, Mango Network (MGO) price reached a peak of $0.0284 before retracing to $0.0134 during the same trading session. On June 25, MGO traded at $0.01786, with a 39% drop over the past 24 hours.
MGO’s market capitalization stood at approximately $30.6 million, based on a circulating supply of 1.59 billion tokens. The total supply remains capped at 10 billion.
Mango Network is designed as a modular multi-VM ecosystem. Its Layer-1 chain, Mango Move, operates on the Move programming language. The Layer-2 chain, OP-Mango, is based on the OP Stack and supports Solidity contracts. Both layers rely on MGO as a universal token for gas fees, validator staking, protocol governance, and sequencer rewards.
KuCoin and Bitget Also Listed MGO Token
KuCoin listed MGO for trading at 09:00 UTC on the same day. The exchange launched two GemPool staking programs alongside its listing, with a combined pool of 8 million MGO in user rewards. Additional campaigns offered a total of 1.1 million MGO through quizzes, referral activities, and VIP incentives.
Bitget introduced a $5,000 MGO community bonus campaign running from June 24 to July 1. The exchange structured the campaign to reward new user signups and engagement during the listing window.
To support mainnet participants, Mango Network released its airdrop eligibility checker at checker.mangonet.io. Eligible wallets can confirm token allocations through the official dashboard.
Token Distribution and Vesting Details
Mango Network fixed the total MGO supply at 10 billion tokens. At launch, only 1.59 billion were in circulation. Mango Network allocated 20 % of the total supply to proof-of-stake validator incentives. The project’s foundation received another 20 % of the supply.
In addition, the ecosystem innovation fund received 17 %. Strategic investors and the core team were each allocated 15 %, while 10 % was reserved for airdrop campaigns split between testnet and mainnet participants. Advisors received the remaining 3 %.
Moreover, all allocations are subject to a vesting schedule that spans seven years. Approximately 12 million MGO tokens are scheduled to unlock annually, providing a slow release model that reduces dilution and encourages long-term network participation.
