mango-token-sale/components/ContentSectionRisks.tsx

83 lines
5.1 KiB
TypeScript
Raw Normal View History

2021-07-27 22:27:51 -07:00
//import LinkLeft from "./LinkLeft"
2021-07-27 22:26:36 -07:00
2021-07-27 14:17:25 -07:00
const ContentSectionRisks = () => {
return (
<>
{/* Section 3 */}
<div className="bg-bkg-2 transform -skew-y-3">
<div className="max-w-7xl mx-auto px-8 py-32 transform skew-y-3">
<div className="max-w-4xl mx-auto text-center pb-16">
<h2 className="mb-4 text-3xl md:text-4xl lg:text-4xl text-white font-bold font-heading">
2021-07-27 15:34:45 -07:00
Transparency builds trust.
</h2>
<p className="text-xl md:text-2xl lg:text-2xl text-white text-opacity-70">
There are risks in participating in the token sale. It&apos;s
important you understand them before deciding to commit your
funds.
</p>
2021-07-27 14:17:25 -07:00
</div>
<div className="grid grid-cols-1 md:grid-cols-7 lg:grid-cols-7 grid-rows-2 gap-6 mb-16 mx-auto">
<div className="col-span-1 md:col-span-3 lg:col-span-3 p-5 bg-bkg-3 border border-bkg-4 rounded-xl h-auto w-auto z-10 shadow-md bg-risk-two md:bg-risk-one lg:bg-risk-one bg-contain bg-right-bottom bg-no-repeat">
2021-07-27 14:17:25 -07:00
<h3 className="text-white font-semibold text-xl tracking-wide my-2">
2021-07-27 16:14:27 -07:00
Unaudited smart contracts
2021-07-27 14:17:25 -07:00
</h3>
<div>
<p className="text-white text-opacity-70 text-base w-full md:w-1/2 lg:w-1/2">
2021-07-27 16:14:27 -07:00
We take great care and forethought in the way we design our smart contracts. We make their source code publicly accessible in order to get peer reviewed by as many experts possible.
2021-07-27 14:17:25 -07:00
<br />
<br />
2021-07-27 16:14:27 -07:00
Still we cannot guarantee that our products are free of exploits, when we launch.
2021-07-27 14:17:25 -07:00
</p>
</div>
</div>
2021-07-27 22:52:15 -07:00
<div className="col-span-1 md:col-span-4 lg:col-span-4 row-span-2 p-5 bg-bkg-3 border border-bkg-4 rounded-xl h-auto w-auto z-10 shadow-md bg-risk-four md:bg-risk-three lg:bg-risk-three bg-contain bg-right-bottom bg-no-repeat">
2021-07-27 14:17:25 -07:00
<h3 className="text-white font-semibold text-xl tracking-wide my-2">
New token sale mechanism
</h3>
2021-07-27 16:37:38 -07:00
<p className="text-white text-opacity-70 text-base w-full md:w-1/2 lg:w-1/2">
2021-07-27 14:17:25 -07:00
The Mango token sale was designed with the goal of being as fair as possible to all participants.
However, there is a mechanism by which one or more participants with large amounts of capital could
discourage others from participating in the token sale.
<br />
<br />
During the deposit phase, these participants
could deposit very large amounts of USDC. This would drive up the average price of the token and
potentially discourage others from participating in the sale.
<br />
<br />Then, during the last minute
of the withdrawal phase, these large participants could withdraw much of their USDC, thus
receiving a much lower average price, depending on how successful they were at discouraging others.
<br />
<br />
Therefore, all participants should be aware of this potential behaviour during the sale and
make their best decisions accordingly.
</p>
</div>
<div className="col-span-1 md:col-span-3 lg:col-span-3 p-5 bg-bkg-3 border border-bkg-4 rounded-xl h-auto w-auto z-10 shadow-md">
<h3 className="text-white font-semibold text-xl tracking-wide my-2">
2021-07-27 22:26:36 -07:00
Inlationary Tokenomics
2021-07-27 14:17:25 -07:00
</h3>
<p className="text-white text-opacity-70 text-base">
2021-07-27 22:26:36 -07:00
Mango will be running its own on-chain order books to allow perpetual swap trading. In order to attract sophisticed traders with the technical expertise to become market makers, the protocol will need to provide very generous liquidity mining rewards.
2021-07-27 14:17:25 -07:00
<br />
<br />
2021-07-27 22:26:36 -07:00
We were inspired from bitcoins emission schedule in our design, but the mechanism is genuinely unproven in this context and potentially could be exploited. Even if it operates correctly, distributing MNGO from the DAO will be inflationary.
2021-07-27 14:17:25 -07:00
<br />
<br />
2021-07-27 22:26:36 -07:00
{/*
<a rel="noreferrer" target="_blank" href="https://docs.mango.markets/mango-v3/liquidity-incentives">
<LinkLeft>Learn about it in the docs</LinkLeft>
</a>
*/}
2021-07-27 14:17:25 -07:00
</p>
</div>
</div>
</div>
</div>
</>
)
}
export default ContentSectionRisks