import LinkLeft from './LinkLeft' const ContentSectionRisks = () => { return ( <> {/* Section 3 */}
There are risks in participating in the token sale. It's important you understand them before deciding to commit your funds.
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.
Still we cannot guarantee that our products are free of
exploits, when we launch.
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.
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.
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.
Therefore, all participants should be aware of this potential
behaviour during the sale and make their best decisions
accordingly.
Mango will be running its own on-chain order books to allow
perpetual swap trading. In order to attract sophisticated
traders with the technical expertise to become market makers,
the protocol will need to provide very generous liquidity mining
rewards.
We were inspired by Bitcoin's 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.