📖 Research: DangoTwitter account analyticsScore: 174Influencers who are subscribed to the account: @redphonecrypto, @ceterispar1bus, @yahtzeefishVCs who are subscribed to the account: @0xminion (GBV Capital), @wassiecapital (Play Ventures), @MrFOMO88 (Fomocraft Ventures)Brief@dango_zone is a L1 blockchain with an application-driven infrastructure and DeFi ecosystem, offering a seamless user interface, margin accounts for optimized asset utilization, and cross-chain interoperability.VisionThe Dango team has a fundamentally different approach to building their product. While most Layer 1 blockchains are designed for applications, Dango’s infrastructure is built around applications.This represents a completely new paradigm for product and ecosystem development.Technical description1. Margin AccountsThe cornerstone of Dango’s ecosystem is the margin account. This feature aims to address one of the biggest issues in TradFi: risk. The type of risk in TradFi is fundamentally different from the risk present in DeFi.One specific challenge is the issue of leverage in spot market trading, which led to the rise of perpetual swaps (Perps). While popular in the crypto space, Perps can be extremely risky, particularly for newcomers.Modern DeFi struggles to cater to both high-risk traders looking to make bold bets and those seeking stable, long-term profitability. This inability to meet the diverse needs of users results in tens of thousands abandoning DeFi daily.To address this, Dango introduced margin accounts, allowing users to trade options, spot, lend, and participate in DeFi farming.To make this ecosystem function effectively, three foundational products will be developed, forming the basis of the Dango ecosystem.2. Liquidity FragmentationDango seeks to unite the entire blockchain space, bridging the gap between cutting-edge Layer 2 Ethereum solutions and Solana, as well as the “dinosaurs” of crypto like $DOGE, $XRP, and $ADA.The team believes that holders of these older coins still manage multi-billion dollar fortunes, which can be utilized immediately instead of being left dormant in forgotten wallets.To achieve this, Dango has partnered with @union_build, @IBCProtocol, and @THORChain to ensure seamless cross-chain compatibility and liquidity integration.3. Best UX in DeFiDango is committed to delivering a user experience (UX) that rivals centralized exchanges (CEX). This approach eliminates traditional Web3 complexities, such as private keys and wallets, for the average user.Instead, users can create simple, username-based accounts (@Botanic1) while still retaining the option to integrate wallets for more advanced functionality.Another innovation is the introduction of a passkey-first authentication system, which enables seamless cross-device compatibility.Example: Create a passkey on Windows -> sign a transaction on an iPhone using Face ID.This technology eliminates reliance on browser-based solutions, replacing them with e-keys that work across parallel device ecosystems.While not entirely new, Dango integrates these features into a holistic design that represents the final piece of the puzzle for mass cryptocurrency adoption.4. $USDC StandardDango’s ecosystem will use $USDC as the primary blockchain token and fee payment standard. The $USDC token, provided by @noble_xyz, is fully native to the blockchain.InfrastructureDango uses Grug's proprietary smart contract engine running on top of the Tendermint consensus protocol. Dango will have a clear set of authority validators from about 20 nodes selected by the Left Curve Foundation. No one but them will be able to validate the operation of the blockchain, which tells us something about centralization in this aspect. Dango validators do not have any management authority, do not accept token delegation, and do not receive revenue from sources on the blockchain. Their work is entirely focused on the stable operation of the blockchain, not making money, which is a Green Flag. Token Dango ($DNG)Utility of $DNG:> Gas fees> Spot market trading fees> Perpetual market trading fees> Liquidation feesAccording to the team, the ICO will be fully legal, ensuring that participants won’t face prosecution from regulatory bodies like the SEC.The project will not offer any airdrops, points programs, or incentivized testnets.TeamThere is no detailed information available about the project team. However, the development is spearheaded by @leftCurveSoft, which received funding to build Dango.Left Curve Soft is also responsible for creating and championing the Grug smart contract engine, which forms the backbone of Dango’s infrastructure.The team humorously describes themselves as “professional degens” on their Twitter and website, capturing the playful yet dedicated ethos of their community.Final ThoughtsThe Dango team has laid out their plans with impressive detail, opting for a development path that prioritizes serious investors over gratuitous community rewards.With the mainnet launch scheduled for Q3 2025, we wish the team the best of luck and will be closely following their progress.
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