[ANN] MangoStartups - First Decentralized Seed Capital Fund for Latin America

[Arrrvin]

    |\___/|
   /          \
  /_.~  ~,_\   - MangoStartups has been successfully listed on FOXICO
       \@/

Score: 7/10

https://foxico.io/project/icomangostartups

[1715608604]

1715608604

[1715608604]

1715608604

[1715608604]

1715608604

[1715608604]

1715608604

[1715608604]

1715608604

[Arrrvin]

Elias, our in house business strategist and data scientist, published a new piece on Medium on the impact blockchain tech is having in emerging economies. This is a great resource if you’re interested in getting a deeper insight into the Mango mission, as well as the opportunity we see for all the stakeholders of our ecosystem.

Go check it out!

Click here:

[skybot13x]

For how long does Magostartups now exist and do you have any numbers about return on investment thus far? Or is it still completely early stages?

[Arrrvin]

For how long does Magostartups now exist and do you have any numbers about return on investment thus far? Or is it still completely early stages?

MangoStartups is the new blockchain tech vehicle for InvertUp which is an in Latin America established investment fund since 2014. InverUp has already 8 successful startups in its portfolio which yielded returns of up to x12. Through MangoStartups 16 more startups will be added.

More detailed information about the 8 startups, their valuation and InverUp's shares can be found on the website and in the whitepaper.

Website: https://www.mangostartups.com/
Whitepaper: https://docs.wixstatic.com/ugd/0f188c_ee0bf48f5aef42f59a79ca421ac88879.pdf

[Arrrvin]

This is the MangoStartups token allocation:

[Arrrvin]

The source code of the Mango smart contract token is up on GitHub, so those of you interested, can now freely audit it. Introducing the highest level of transparency, is an integral part of the innovation Mango is aiming to produce.

Click here:

[IndzheborgC]

For how long does Magostartups now exist and do you have any numbers about return on investment thus far? Or is it still completely early stages?

MangoStartups is the new blockchain tech vehicle for InvertUp which is an in Latin America established investment fund since 2014. InverUp has already 8 successful startups in its portfolio which yielded returns of up to x12. Through MangoStartups 16 more startups will be added.

More detailed information about the 8 startups, their valuation and InverUp's shares can be found on the website and in the whitepaper.

Website: https://www.mangostartups.com/
Whitepaper: https://docs.wixstatic.com/ugd/0f188c_ee0bf48f5aef42f59a79ca421ac88879.pdf

How profitability of startups will affect the course of the coin. Is it planned to buy out coins from profits from startups, in what proportion?

[Arrrvin]

How profitability of startups will affect the course of the coin. Is it planned to buy out coins from profits from startups, in what proportion?

All net profits of MangoStartups are spent in a buy back mechanism and a bonus system. In the buy back scenario MangoStartups will use their net profit to buy back tokens, which will lead to an increase of value. And in the bonus scenario Mango tokens are distributed to their holders. In either way the Mango token holder benefits from MangoStartups's net profit.

[skybot13x]

For how long does Magostartups now exist and do you have any numbers about return on investment thus far? Or is it still completely early stages?

MangoStartups is the new blockchain tech vehicle for InvertUp which is an in Latin America established investment fund since 2014. InverUp has already 8 successful startups in its portfolio which yielded returns of up to x12. Through MangoStartups 16 more startups will be added.

More detailed information about the 8 startups, their valuation and InverUp's shares can be found on the website and in the whitepaper.

Website: https://www.mangostartups.com/
Whitepaper: https://docs.wixstatic.com/ugd/0f188c_ee0bf48f5aef42f59a79ca421ac88879.pdf

That's a pretty big portfolio already. Is it specifically focusing on the Latin American market or will it also expand geographically at some point in time in the future?

[Arrrvin]

That's a pretty big portfolio already. Is it specifically focusing on the Latin American market or will it also expand geographically at some point in time in the future?

MangoStartups only focusses on Latin America. Latin America is on itself already a vast world to develop economically through investments. And since InvertUp is established in and thus familiar with Latin America focussing on that area is for them the most secure road to succes.

[musta5a]

guys I'm wondering how the whole buyback process would work. If you would buy the tokens back, what would be the profit of investors and based on what price would you do that? I like the project but trying to understand the concept and use of investment

[Arrrvin]

guys I'm wondering how the whole buyback process would work. If you would buy the tokens back, what would be the profit of investors and based on what price would you do that? I like the project but trying to understand the concept and use of investment

Thanks for your interest. The MNG (Mango) tokens will be listed at exchanges. Net profits are used to buy back the tokens from the exchanges. Bought back tokens will be burned. So with the volume of MNG tokens decreasing their value and price will increase. Thus investors will be able to sell their MNG tokens with profit.

The process is explained in the whitepaper under chapter 12. There also an example of the process is given. It's all summarized in the infographic below.

[Arrrvin]

Hello Mango Startups team,

I’ll be happy to see you on Skatt listing platform!
You will be able to register for free and show your project to the world.
Information about our platform on BitcoinTalk.

Good luck with your ICO guys

Thanks for the tip and the well wishes skattio. Good luck to you too with your website. 

[Arrrvin]

Click here:

[skybot13x]

That's a pretty big portfolio already. Is it specifically focusing on the Latin American market or will it also expand geographically at some point in time in the future?

MangoStartups only focusses on Latin America. Latin America is on itself already a vast world to develop economically through investments. And since InvertUp is established in and thus familiar with Latin America focussing on that area is for them the most secure road to succes.

Sure I was just asking but it makes a lot of sense to constantly improve your portfolio and expertise over there. So much potential in that area.

[erikstarfish]

Pretty low ratings on ICOrating.com and Cryptorated.com

How do you guys plan to address concerns such as the ff:?

1. Tokens are used as a passive investment vehicle only. Investment and profit distribution strategies are fully determined by the company (centralized). No smart contract code or specifications are provided.
2. Roadmap lacks detail

[Arrrvin]

Pretty low ratings on ICOrating.com and Cryptorated.com

How do you guys plan to address concerns such as the ff:?

1. Tokens are used as a passive investment vehicle only. Investment and profit distribution strategies are fully determined by the company (centralized). No smart contract code or specifications are provided.
2. Roadmap lacks detail

Hi Erik,

Other review sites have given MangoStartups very high scores, such as for instance TrackICO, ICOMarks and ICOStock24. Reviews are only personal opinions (as the reviewers at ICOrating themselves state). MangoStartups thus encourages everyone to study their project themselves and form their own opinion.

1. The smart contract code can be found at https://github.com/MangoStartups/Mango_Startups_ICO_Token/blob/master/MangoToken.sol
2. Could you specify what details you are missing? The team is always open to feedback.

Questions about details can also be asked directly at the Telegram group: https://web.telegram.org/#/im?p=@MangoStartups

[Arrrvin]

Click here:

[Arrrvin]

[Arrrvin]

Tomorrow the Pre-ICO for MangoStartups will start.

When you are still somewhat unfamiliar with investing in crypto's that make use of Ethereum's blockchain (ERC20 standard) you can download a guide below:

https://drive.google.com/open?id=1uD1YfEZScS06w25-Zi-Cs1-VueaNapSM