[ANN][MGN] | 🚀MAGNA COIN🚀 | MASTERNODES | ZEROCOIN | ATOMIC SWAPS [ANN]

[MagnaCoinDev]

Yup, price of the coin is manipulated to fuck, and 65% of the coins are locked in masternodes. This just seems unhealthy, and DEV team don't have enough money to add the coin to a new exchange. Think i'm going to have to pass on this

The price is not manipulated in anyway. Nodes were sold to people as low as 0.02BTC per node, explaining why such a high % of coins are locked in and why dev funds are so low.Also, the high node count also shows people are committed hodlers and in it for the long run .The market cap is only $1 million, which compared to other MN privacy coins, is extremely low.

[waterbouy]

When will we get an explorer?

I was just going through the form to help Magna get listed on coinmarketcap and this is the one thing that we lack.

[TobiasVR]

any mining pool ? suport vga card or cpu only ?

[Lavdanoid]

When will we get an explorer?

I was just going through the form to help Magna get listed on coinmarketcap and this is the one thing that we lack.

Block explorer? It already has a couple. Check the first post from this thread.

Block Explorer: Official: http://magna.penza.me:3005/
3rd Party (Unofficial): http://miningpool.shop/explorer/MGN

[WeAre1]

Reserved Finnish translation

Made translation but there is no board/sub-board to post ANN in Finnish language, I got confirmation from a moderator that for the time being it is prohibited to post ANN in Finnish - I guess we will need to wait for Finnish sub-board. I will pm you the details and translation in case you have any use for it later.

[LFD]

Magnacoindeveloper can you explain the following to me:

your website shows that in the first 90 days the block reward is 15 coins and that masternodes receive 70% of that, correct?

http://oi68.tinypic.com/2yn1f2g.jpg

Now masternodes.online shows that we had 1520 blocks in the last 24 hours:

http://oi64.tinypic.com/30ng12q.jpg

The last block number (not shown in this picture) matches the one on your block explorer so lets assume this is correct. That should give us 1520 x 15 coins = 22800 coins for the last 24 hours. If 70% goes to masternodes that should be 15960 coins divided by 150 masternodes or about 100 coins a day for each masternode. However, current daily reward for all masternodes is only 7,428.4000 MGN and this number goes down every day. So masternodes only receive 35% of the total rewards and I wonder where the rest is going? This is NOT only because the rising number of masternodes like you told me before. 1 week ago there were 136 masternodes and we got 100 coins a day, now there's 150 masternodes and rewards are halved and still going down every day. So 10 percent more masternodes while rewards got halved. I can screenshot this every day if you want me to prove it to you.

http://oi63.tinypic.com/1679xsl.jpg

I have three masternodes myself. Bought them because you advertise 400% APR. I expected a 100 coin a day return. Look what I got last days.. Yesterday 9 rewards for 3 masternodes! 1 of them only got 1 payout that day (the pubkey is D9dAs5yAkaxi58NuXGVMMTaJ3Ad7TT3eit if you don't believe me). Today one third of the day has passed and I got 2 rewards for 3 masternodes so far. It's looking great again. I asked you several question on discord but was ignored every time. I DM'ed zap more then a week ago, still no reply. You show no effort at all!

http://oi67.tinypic.com/5vtbo6.jpg

I really have the feeling we are being ripped off one way or another and this should be a big warning to all investors! I really hope you can explain to me and everyone else very clearly why the reward has gotten down so much while masternode numbers did only increase 10 percent. It all comes down to that. I will keep asking my questions until you provide me a clear and honest answer.

[Steven3iii]

There seems to be a lot of hate and FUD for this coin. 

I think it is a lot better than a lot of other offerings out there.

[freekdl]

Oh I'm not trying to FUD, if you want I will share the pubkeys of all my masternodes and you can see for yourself which rewards I am getting. It is not what they advertise. Block reward should only decrease in +- 45 days, not the way it is going right now. Something is very wrong here.

Look up the pubkey from my previous post, that masternode hasn't got a single reward today and it's 9AM here. It's nowhere near what they claim.

D9dAs5yAkaxi58NuXGVMMTaJ3Ad7TT3eit

You've been warned.

[MagnaCoinDev]

Magnacoindeveloper can you explain the following to me:

your website shows that in the first 90 days the block reward is 15 coins and that masternodes receive 70% of that, correct?



Now masternodes.online shows that we had 1520 blocks in the last 24 hours:



The last block number (not shown in this picture) matches the one on your block explorer so lets assume this is correct. That should give us 1520 x 15 coins = 22800 coins for the last 24 hours. If 70% goes to masternodes that should be 15960 coins divided by 150 masternodes or about 100 coins a day for each masternode. However, current daily reward for all masternodes is only 7,428.4000 MGN and this number goes down every day. So masternodes only receive 35% of the total rewards and I wonder where the rest is going? This is NOT only because the rising number of masternodes like you told me before. 1 week ago there were 136 masternodes and we got 100 coins a day, now there's 150 masternodes and rewards are halved and still going down every day. So 10 percent more masternodes while rewards got halved. I can screenshot this every day if you want me to prove it to you.


I have three masternodes myself. Bought them because you advertise 400% APR. I expected a 100 coin a day return. Look what I got last days.. Yesterday 9 rewards for 3 masternodes! 1 of them only got 1 payout that day (the pubkey is D9dAs5yAkaxi58NuXGVMMTaJ3Ad7TT3eit if you don't believe me). Today one third of the day has passed and I got 2 rewards for 3 masternodes so far. It's looking great again. I asked you several question on discord but was ignored every time. I DM'ed zap more then a week ago, still no reply. You show no effort at all!



I really have the feeling we are being ripped off one way or another and this should be a big warning to all investors! I really hope you can explain to me and everyone else very clearly why the reward has gotten down so much while masternode numbers did only increase 10 percent. It all comes down to that. I will keep asking my questions until you provide me a clear and honest answer.

MN rewards are random, but the long term ROI remains 400%.  I think you're making a big deal out of something trivial. Please, keep collecting data and come back in a few weeks time. You'll see the rewards received are what's advertised in the ANN.

[tiny-pool]

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Code:

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[Minted Crypto]

I would like to see the historical price chart of the coin if this is possible.
It looks to me a promising MN coin.

[nikodreamer]

I would like to see the historical price chart of the coin if this is possible.
It looks to me a promising MN coin.

Here have a chart of the price  https://masternodes.online/currencies/MGN/

[ljb281]

Why isn't this listed on coinmarketcap?

[sajjadkhan]

We have submitted multiple requests to coinmarketcap and at this time the volume is too low. We need volume at this point.

[ljb281]

We have submitted multiple requests to coinmarketcap and at this time the volume is too low. We need volume at this point.

the price has to be lower given the amount of fud

[Ryan10]

Vol drops to 0.3BTC/day. Whats happened? The devs sold all coins and abandon this coin?

[bitmagic1984]

volume is going up in coinsmarket now. price is also up.

[perez70]

We have submitted multiple requests to coinmarketcap and at this time the volume is too low. We need volume at this point.

While MAGNA COIN is not traded on other exchanges (cryptopia.co.nz and etc.), it will not be added!

[serhanni]

We have submitted multiple requests to coinmarketcap and at this time the volume is too low. We need volume at this point.

While MAGNA COIN is not traded on other exchanges (cryptopia.co.nz and etc.), it will not be added!

But coinsmarkets.com is already available on coinmarketcap.com

https://coinmarketcap.com/exchanges/coinsmarkets/

[hamzaayaz]

Added to a new market.


MGN/BTC :https://www.outletbit.com/market/84