Magna Coin is a p2p digital currency that combines ultra anonymous technology with masternodes and on-chain atomic swaps.
Algorithm:Quark Circulating Supply:2,000,000 Est. Circulating Supply in 10 years:30,000,000 Annual Inflation: 9% Decimals:8 Block Target:60 seconds Transaction Fee:0.01MGN/KB Confirmations:6 Block Maturity:100 Block Reward: 15 = First 90 days 10 = Day 90-180 5 = From Day 180 PoW/PoS:30% Masternodes:70% Masternode Collateral:10000 Min stake age:3 hours
**Premine is 7% for a total of 2,000,000 MGN which will be allocated and used as below: 100,000 MGN (5% of premine) will be held in a developers fund address to cover future costs 100,000 MGN (5% of premine) will be held in marketing fund address to cover future campaigns 100,000 MGN (5% of premine) was used to create, test and ensure stability with the network. All of the Developers initial masternodes, along with their earnings will get burned once there are 70 active nodes running. 1,700,000 MGN (85% of premine) is available to be sold to p2p investors. Any MGN coin which is not sold during the initial p2p sale will get burned. All earnings collected from the node pre-sale will be contributed towards future exchange listings and marketing ventures.
Translation: For translating the ANN into one of the languages below, you will be eligible for 2500 MGN. Reserve your language by stating so on the ANN. To be eligible for rewards you must translate the key features infographics. PM the MagnaCoinDev account once you have published the translation on the relevant sub-forum.
Translations are no longer being processed. You will not receive a bounty reward for translating from the remaining languages.