Post
Topic
Board Announcements (Altcoins)
Re: [ANN][MAG] X11 POS/POW+Masternodes MAGNET / magnetwork.io
by
idev
on 02/12/2017, 08:32:02 UTC
Hey guys i'm the new kid on the block with all these masternode type of things...lol..

the POS for MAG is how many % currently?

Also MAG coin is extremely new, and the value for ROI is substantial.. What Drawbacks are there for getting a masternode with this company?

Also is there a total coin CAP where the coin just will not lose its value?  besides on its own with other technology that may come out in the future?

Please excuses me if i sound like a tard as i am new to all of this.


For a newbie in crypto - those are the questions one usually needs to dig around for. I will help You out this time though.



the POS for MAG is how many % currently?

Yes, its 7% yearly. Staking rewards are very small right now but they are increasing with the total coin supply in the circulation. (Info about coin specs is usually found in the ANN thread opening post)

Also MAG coin is extremely new, and the value for ROI is substantial.. What Drawbacks are there for getting a masternode with this company?

There is 200+ MNs running at the moment so it is safe to say there isnt much drawbacks going on. (this info can be found if You read thorugh the whole ann pages which can be good place for information about how devs communicate with community, how much info is being released, what are common problems etc.)

Also is there a total coin CAP where the coin just will not lose its value?

This can be easily determined looking at our chart. If You open our coinmarketcap page or coinexchange.io page.. you will see that there is very strong support line going around 2000 sat price.
You asked about the marketcap so right now we have a price of 4000 satoshis and the marketcap of 1.2 million. This means it is safe to assume marketcap where it does not go lower much according to current situation on the market is around 600 000.

besides on its own with other technology that may come out in the future?

I believe You are asking about our future plans. I managed to screenshot some of them being discussed in slack yesterday. This maybe helps.





So all this said - we encourage newbies to read around to get a better grasp of what is going on with the crypto of Your choice. Usually there is work involved with collecting info on a asset in crypto. Even bigger networks have often kept the same mentality. All this info should armor You a bit for Your Journey through the jungle of digital assets!