Gate News bot news, according to the official announcement from Gate on August 5, 2025: Gate will delist 12 perpetual contract trading markets on August 7, 2025, at 16:00 ( UTC+8, including RDO/USDT, MOBILE/USDT, GHIBLI/USDT, POKT/USDT, WAXL/USDT, SHM/USDT, EDGEN/USDT, FDUSD/USDT, MGO/USDT, NS/USDT, WHY/USDT, and PRAI/USDT. The contract trading markets will enter a reduction-only mode on August 7 at 15:30 ) UTC+8 and will officially stop trading at 16:00 ( UTC+8. The platform will settle the outstanding positions based on the average index price of the last half hour before the shutdown.

Gate News bot message, according to Gate's official announcement on June 24, 2025: Gate plans to launch the MGO perpetual contract for actual trading on June 24, 2025, at 17:05 ( UTC+8. The contract will be settled in USDT. The newly launched MGO perpetual contract will support leveraged trading of 1-20 times, allowing users to take long and short positions, with the specific leverage multiplier selectable at the time of order placement.

According to Gate news from Cryptonews, the altcoin market is about to experience a turbulent week, as some significant events that will affect market price rises and falls are set to occur in the coming days. Several projects worth following this week include Mango Network (MGO), AirSwap (AST), Blast (BLAST), Injective (INJ), Across Protocol (ACX), Optimism (OP), Berachain (BERA), and Synthetix (SNX).

Gate will launch Mango Network (MGO) spot trading on June 24, and from June 23 to July 7, it will open a stake mining event. Users who stake ETH/MGO can receive an airdrop of 16.4 million MGO.

Gate News bot message, according to the official announcement from Gate on June 23, 2025: Gate will launch Mango Network (MGO) spot trading on June 24, 2025, at 17:00 (UTC+8), opening the MGO/USDT trading pair. At the same time, the platform will hold a two-week Launchpool event, distributing a total of 16,400,000 MGO token rewards. The event will run from June 23, 2025, at 20:00 to July 7, 2025, at 20:00 (UTC+8). Mango Network is a Layer 1 full-chain multi-virtual machine infrastructure project that integrates Move, OPStack, and ZK Rollup technologies, supporting interoperation among MoveVM, EVM, and SVM multiple virtual machines. The project aims to address the issues of fragmented user experience and liquidity in Web3 applications and DeFi protocols. The total supply of MGO tokens is 10 billion, and the project uses a mainnet token format. The token distribution includes 15% for the team, 15% for fundraising, 20% for the foundation, 17% for the ecosystem, 20% for validator staking, and 5% each for testnet and mainnet airdrops.

According to Gate News bot, as reported by Cryptonews, the Layer 1 Blockchain project Mango Network announced on Friday that it will conduct a community Airdrop ahead of its Token Generation Event (TGE). The team will distribute 5% of its total supply of the native Token MGO to early users, Testnet participants, and community contributors. The Airdrop eligibility checker is now live, allowing users to connect their Wallets and complete three steps to confirm and ultimately claim their rewards.