there are a lot of exchange projects poping up recently, undoubtedly exchange will be a huge business in future, yunbi, which was closed by chinese government not long ago, disclosed that they had paid hundreds of millions of Yuan for tax from beginning of this year. Yunbi was a small exchange which became big just few months ago, this business still has a long way to go to become a big business. Goldmansachs recently also dislosed that they will start crypto exchange business. That is why I think exchange projects are worth investing in. I am also optimisitc about Mandarin project after reading the white paper. As a project that claims decentralised management, it appears that there is no management, the front page of Mandarin.top says there are two marketing specialist. but they are hardly communicating with the market and the community. All big chinese exchanges were shut down by government and Mandarin claims to support RMB deposit/withdrawl, if the team really do a good job communicating with the chinese community, we will be able to become big really quickly, I am really disappointed that the team is silent, even after they published copyright dispute with mandarin bank, they didn't interact properly(website became unreachable) which caused some people think the team is scamming.
If you guys take this business seriously, we can do something big together, Maybe current team are mainly focusing on development, but we have to plan for the long term and build a strong operational team.