MandoX – An NFT Project to Help Those in Need

NFTs are growing exponentially day by day. Virtual property is a hot topic in a world moving towards an increasingly digital status. As soon as a digital asset can be copyrighted, it can gain royalties and be sold on the market.

Today we will review the MandoX project, a new initiative specialized in the art universe to let contemporary artists gain the attention they deserve. While doing so, the project reallocates part of its liquidity to charitable missions.

MandoX is still an ongoing initiative. While many of its features are known to the market, we will closely follow how the project will evolve.

Discovering MandoX Mission

To understand the core mission of MandoX, one needs to consider the story of its founder and CEO, Luke. Luke is currently a missionary in Guatemala. He and his family moved to the country 18 years ago with nothing, leaving their lives behind in the UK.

After years of helping the indigenous population living in the mountains next to the Sides volcano, Luke and a team of professionals are working on a new project, MandoX. MandoX aims to create a blockchain system that is made for artists with different backgrounds while also being able to provide resources to people in need.

To do so, the project’s developers are working on a platform where artists will be able to sell their NFTs and music on the open market using cryptocurrency instead of fiat. With that being said, Anyone holding liquidity on the chain can register art on the portal.

Each purchase or sale on the platform will lead to crypto donations with the ambitious aim of fighting poverty and life harshness. The team has already begun their efforts with a Guatemalan Christmas Drop, where the team gifted 1,000 presents, blankets and food to those less fortunate. However, this is a project with goals that do not stop in Guatemala, and the team plans to use their resources to reach different areas worldwide. 

Next, we will look at more details regarding the liquidity system designed by the project’s team.

The Liquidity System

The whole chain comes with its internal liquidity system, and it is based upon four main pillars:

  • Missions: 2% of every transaction on the chain is sent to a Mission Wallet. This move will help the team finance worldwide charitable missions.
  • Passive income: some investors may be interested in earning passive income from a cryptosystem. This is a widespread technique in the blockchain universe, and, therefore, 2% of every transaction is redistributed to the holders’ pool.
  • Burn: to build a stable liquidity system, and it will send 2% of each transaction to a burning wallet. The move aims to reduce the total liquidity supply and bring a deflationary force to the chain.
  • Marketing: another 2% of each transaction will be allocated to marketing operations. Blockchain technology is so popular that we now see new chains being born every day, so a solid marketing strategy needs to be designed.

The system liquidity is locked with Unicrypt in a 3-years agreement, a good guarantee of the project’s seriousness. Furthermore, the initiative has been vetted and audited by KYCastle.tech and Certik.io.

NFTs collections

While the complete NFT marketplace will be available during the first half of 2022, some NFTs connected to the project are already available on OpenSea. The collection counts more than 100 visual artworks and, as a preliminary step to the project development, the numbers on OpenSea are promising.

With thousands of digital arts already in the pipeline, MandoX is very serious about becoming a reference point in the NFT industry. 

During the project review, one should never forget the primary mission of MandoX, and its Twitter account is there to remind us all. When several tornadoes hit Kentucky, MandoX announced the auction of an NFT, with 90% of proceeds going to help the local population.

Future developments

MandoX has exciting news coming in 2022. Following the launch of its NFT marketplace, the project will enter into its Play2Earn phase. We know now that the MandoX video game should be released during Q2 2022. With many other games being released, MandoX will continue to strive to be the best in this sector. With much fun out there taking more of a retro approach, MandoX will live in the 3D virtual world.

MandoXBeats is a consumer-level and NFT-based music platform, also coming in 2022. On the portal, artists will publish their compositions, allowing them to make money out of their creativity.

The project’s roadmap is divided into three phases (or, as the project’s team calls them, “episodes”). In Episode 1, all the preliminary steps necessary to launch the project were successfully concluded.

Episode 2 is ongoing and aims to reach a more mature phase, with more than 7,000 liquidity holders and the launch of MandoXCreate (MandoX leading NFT platform). 

Things will get even more severe in Episode 3, with the completion of five charitable missions through the system and more than 50,000 project holders. Also included in this third phase will be the drop of MandoXBeats. The team believes their music platform will change the game and bring innovations that the crypto space has never seen before. 

MandoX – Final Thoughts

MandoX is another demonstration of how blockchain technology can make the world a better place. The core of the initiative is to help people in need through the power of the users’ passion for art.

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Crypto enthusiasts and artists will probably appreciate many of the future MandoX projects. We will follow the subsequent developments in the coming months but, for now, anyone who is interested in learning more about the topic can visit MandoX’s official website.

Disclosure: This is a sponsored post. Readers are encouraged to conduct further research before taking any action. Furthermore, Crypto Adventure does not endorse any crypto projects cryptocurrencies listed, mentioned, or linked to on our site. Trading cryptocurencies is a highly risky activity that can lead to major losses. You should consult your financial advisor before making any decision. Learn More

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