160k coins were burned. Check transaction here!
Over 80% of block rewards go to the node holder. This means that returns for a Magna node are extremely attractive with an estimated APR of 400%+
Magna will always be considered a community driven coin. A large weighting on the future of the coin will be placed with decentralised masternode governance. This will enable node holders to vote on issues surrounding Magna including: the roadmap, marketing and technical aspects of the coin.
The implementation of zerocoin will mean transactions can be made anonymously. As a result, users can transfer MGN across the chain with complete privacy.
Enables simultaneous transfer of coins from both parties involved in a transaction. Consequently, this will remove problems associated with the usage of a 3rd agent (e.g. exchange). MGN plans on adding MGN-BTC and MGN-LTC pairs by Q3 2018.
Premine is 7% for a total of 2,000,000 MGN which will be allocated and used as below:
Source Code: GitHub
Block Explorer: Coming soon...
More technical information available here
To increase the network stability, 85% of the premine will be sold as masternodes.
The structure of the node sale is detailed below. By participating, you will gain early access to increased node rewards in the first 6 month.
1000 sat per coin - 0.1BTC Masternode - AVAILABLE
Magna Coin developers are the only safe source to purchase coins from until exchange listings.
Be wary when purchasing from other parties, as the only official sellers of Magna at this stage are developers.
Please note that the pre-sale is not considered an ICO. There is no minimum capital requirement and all funds collected from selling nodes will be used to cover marketing and exchange listing fees.
Masternodes will be publically available via a P2P sale.
Magna Coin will be listed to: Coinmarkets, Stockexchange and Coinexchange.io before 2018.As popularity grows in the future, we will apply to list on more prominent exchanges such as Bittrex and Bitfinex.
To get the word out, Magna will advertise on several masternode information sites.
Users will be able to enjoy the privacy and anonymity associated with zerocoin implementation.
Node holders will be able to vote on important issues that impact the coins future.The first vote will be related to budget distribution.This vote is planned for the 15th February 2018.
A successful MGN - LTC atomic swap aims to be conducted in 2018.Later on, other swap pairs will be added including MGN - BTC.
Adoption by small-medium sized businesses will begin in the latter stages of 2018.The industries targeted include: eCommerce niche stores, PTC sites and non-profit enterprises.