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