MGN/MGNX - MASTERNODES - ZK SNARKS - ATOMIC SWAPS - MULTI CHAIN AIRDROP

[MagnaCoinDev]

MAGNA & MAGNAX





This thread follows on from the original ANN, which can be viewed from the following link -
HERE

Magna is a project that encompasses 2 cryptocurrencies: a stand alone asset chain built using the Komodo platform (MGNX) and a Masternodes supported blockchain (MGN).
Both were built to provide different utilities, with MGNX acting as a complementary coin for the main chain.

History:
MGN coin was created on November 22, 2017. In terms of distribution, the majority of the premine was sold on the now deceased Coinmarkets exchange. Magna provides anonymity through coin obfuscation and instant transactions via Swift tx. As of July 4, there have been over 326000 blocks mined and the final BR phase was reached 180 days after the inception of the original genesis block.
MGNX is currently being airdropped to all existing MGN holders. The genesis was mined on July 4, 2018 and comes packed with a variety of on-chain features, including: Zk-Snarks, atomic swaps and smart contracts that have the ability to interact with other asset chains.






MN ROI -
223.97%* = July 19, 2018

Track Masternode Statistics:
Masternodes.Online

Masternodes Guide
https://magnacoin.org/Home/MasternodeGuide

MGN Block Explorer
http://216.189.15.128/

MGNX Explorer
http://mgnx.explorer.dexstats.info/

Source Code
Github

Hosting
Node Hosting

Website
http://magnacoin.org













Atomic Swaps
The ability to swap MGN and MGNX simultaneously between 2 parties using the Komodo Easy DEX.

ZK-Snarks
The option to transact privately on MGNX via Zero Knowledge Proofs, which allows coins to be transferred from sender to receiver without revealing any information about the transaction. This is done through Zerocash Protocol and is made possible by using the Jumblr feature for a small transaction fee (0.3%), via the desktop Agama wallet.

Smart Contracts
The -ac_cc parameter has been set to 2, giving MGNX the ability to interact with other asset chains using smart contracts.

Cross Chain DAPPs
Listing to the BlockNet DEX has given the opportunity to bridge interoperability by building DAPPs that share data between multiple chains.




Swap Instructions
The time to claim the airdrop was from July 16 to September 10.

Amount
Everything has been airdropped at a 2:1 ratio.

The remaining MGNX has/will be used in the following manner:
80% - Burnt at the address: RD6GgnrMpPaTSMn8vai6yiGA7mN4QGPVMY
13% - SuperNET Donation
5% - Bounty fund
2% - Faucet  

Prequisites
1) Installed the latest version of the Agama desktop wallet
2) A working Magna wallet that is holding coins
Claiming the airdrop
1) Open your MGN wallet
2) Click "File" >> "Sign Message"
3) Enter your MGN address. You'll need to sign a message for each MGN address that holds any coins that you're looking to claim the airdrop from.
4) In the message box, input your KMD address
5) Fill out the claiming form here. Ensure that you have kept track of your signature because this will be used to verify the message.
6) A script will be run to automate the drops.

The original plan was to airdrop within 72 hours of form submission, but this would lead to exploitation from people moving coins around their addresses between windows. Instead, a deadline was set for  25 August, 2018.

Google Form:
https://goo.gl/forms/ADW15nU7Ko4EH9Kq2

Instructions with pictures
https://docs.google.com/document/d/1rj0j7puS8Af5rvPer3Vii70HG37cjUShB121W46p9is/edit?usp=sharing

Setup a node to start mining and staking MGNX

Install Komodo manually -  https://docs.komodoplatform.com/komodo/install-Komodo-manually.html

Public Mining Pool - http://pool.komodo.services/

./komodod -ac_name=MGNX -ac_supply=12465003 -ac_staked=90 -ac_reward=2000000000 -ac_halving=525960 -ac_cc=2 -ac_end=2629800 -addnode=142.93.27.180

To setup your node to start mining blocks. You'll need a VPS server because these features are only available via the client and not GUI yet.

FAQ
Refer to our FAQ for getting any questions answered -
https://cdn.discordapp.com/attachments/388335840356597762/493901260647432193/MGNX_Asset_Chain_FAQ.odt

Komodo Chain Notarization Status
https://komodostats.com/acs.php?ac=MGNX



MAGNA

 

MAGNAX





Apple [MGN]


Mac

Linux [MGN]


Linux 32
Linux 64


Windows [MGN]


Windows 32
Windows 64


Agama [MGNX]


Linux
Mac
Windows

[1715289044]

1715289044

[1715289044]

1715289044

[1715289044]

1715289044

[snikers3553]

Russian and Ukrainian translation reserved

[cryptocheburator]

Good news for Magna coin holders, I think it will give an additional impetus to the growth of the price and the development of the coin as a whole

[w222]

https://hashnice.pw/images/logo.png

DISCORD - https://discord.gg/r8vmw6

Reserved for Pool

[Cobra9900]

There is no coin in the Agama list MGNX

[andreas911]

There is no coin in the Agama list MGNX

yes same here

[MagnaCoinDev]

There is no coin in the Agama list MGNX

The chain has not been integrated into the Agama wallet yet, but your KMD address will remain the same.

[junforever]

If you have a bounty available for spanish translation and/or for promoting your project (in english and/or spanish crypto channels) I would like to reserve it!, this is my portfolio and my previous works and the list of crypto channels where I can promote your project

http://bit.ly/2HvGwNx

Please let me know if you are interesting with a pm, thanks and good luck with your project!

[Bytales]

Can we sign our Magna Address with a text that is something else as the KMD address ? We are basically using the KMD address to sign the MGN address, generating a signature string, am i right ? But we can use any other "text" to sign the MGN address, right ?

[Bytales]

There is no coin in the Agama list MGNX

The chain has not been integrated into the Agama wallet yet, but your KMD address will remain the same.

As ive read in discord MGN chanell, Komodo will do an update for their POS coins, and MGNX will be listed on the list. Somethis this next week, we should have a new wallet version.

[MagnaCoinDev]

Can we sign our Magna Address with a text that is something else as the KMD address ? We are basically using the KMD address to sign the MGN address, generating a signature string, am i right ? But we can use any other "text" to sign the MGN address, right ?

It's optional. It would be easier and less confusing to use your KMD address for signing the message, however, the message content can technically be anything.

[Bytales]

Can we sign our Magna Address with a text that is something else as the KMD address ? We are basically using the KMD address to sign the MGN address, generating a signature string, am i right ? But we can use any other "text" to sign the MGN address, right ?

It's optional. It would be easier and less confusing to use your KMD address for signing the message, however, the message content can technically be anything.

Aha, thanks for Clearing this one out.
Make sure to let us know when the Komodo Wallet Update kicks in. Everyone will Need to download the new Version i think.

[Jasonabis]

Looking great! Been accumulating MGN for a while now and looking forward to the 2:1 air drop!!

[Bytales]

The Airdrop model and MGNX coin generating scheme is a bit unclear.

So if we have 6 mil MGN on the Magna chain, there will be the posibility to drop up to 12 mil MGNX on the Komodo chain if all addresses Holding those 6 mil MGN were registered for aidrop ?

What happens after airdrop ? Will MGNX be dropped further while the old chain still generates MGN ?

The komodo MGNX chain starts at block 1, with those 12 mil Airdropped coins ?

Or is a fixed number of MGNX allready premined ? If there is a premine done, how do you know how much MGNX to premine, since the Supply of MGN increases with each block. Is there going to be a snapshot Happening for the Airdrop ?

And MGNX Held in the agama wallet will generate coins same as Komodo Held in agama wallet generates Komodo ?

[zayachkivska]

I believe that a new project was initiated by the Komodo platform, because there have been many successful projects initiated by Komodo.

[MagnaCoinDev]

I believe that a new project was initiated by the Komodo platform, because there have been many successful projects initiated by Komodo.

MGNX  is not directly affiliated with Komodo. We are using their infrastructure to create an independent asset chain that will work in harmony to perform ZK-Snarks and atomic swaps with Magna coin.

[MagnaCoinDev]

The Airdrop model and MGNX coin generating scheme is a bit unclear.

So if we have 6 mil MGN on the Magna chain, there will be the posibility to drop up to 12 mil MGNX on the Komodo chain if all addresses Holding those 6 mil MGN were registered for aidrop ?

What happens after airdrop ? Will MGNX be dropped further while the old chain still generates MGN ?

The komodo MGNX chain starts at block 1, with those 12 mil Airdropped coins ?

Or is a fixed number of MGNX allready premined ? If there is a premine done, how do you know how much MGNX to premine, since the Supply of MGN increases with each block. Is there going to be a snapshot Happening for the Airdrop ?

And MGNX Held in the agama wallet will generate coins same as Komodo Held in agama wallet generates Komodo ?

5,800,000 MGN circulating supply
12,000,000 MGNX is the premine. The amount airdropped is just double the number of coins located at that address on the day of the drop. No snapshot needed.

MGNX also has an increasing supply up until block 5.2 million or so. 90% PoS / 10% PoW split. Check out the specs infographic.

[lowkey9898]

Would you be interested in getting your chain notarized on BTC chain in the future using KMD dPOW technology? KMD has been helping projects getting more secure against 51% attack by dPOW, including gamecredits, veruscoin and others. Also dPoW actually is important for future scaling as scaling chains use dPoW to secure themselves as they are added. Join KMD discord to discuss more https://discord.gg/k2qRPD

[CHMEX]

Dear MGNX Team,

I setup a

Insight Explorer:

http://mgnx.explorer.dexstats.info

Seed node:
78.47.205.239

Richlist (regenerated each 15 minutes):

https://dexstats.info/richlist.php?asset=MGNX

(JSON Snapshot of the whole chain https://dexstats.info/snapshots/MGNX_snapshot.json )

Transparent and Shielded as well as total Coinsupply Info

http://explorer.dexstats.info



Good decision to go for a KMD Assetchains

[MagnaCoinDev]

Install Komodo manually -  https://docs.komodoplatform.com/komodo/install-Komodo-manually.html

./komodod -ac_name=MGNX -ac_supply=12000000 -ac_staked=90 -ac_reward=2000000000 -ac_halving=525960 -ac_cc=2 -ac_end=2629800 -addnode=45.32.236.224

To setup your node to start mining blocks. You'll need a VPS server because these features are only available via the client and not GUI yet.