Quote from: MGNXscam on July 28, 2018, 02:51:46 PM

Watch out with this one!

- Magnacoindev and ZAP cleaned out and abandoned their last project
- This new Komodo chain is 100% premine, giving her a lot of coin to dump on you
- They premined 12 000 000 coins while only 11 000 0000 were needed for airdrop, giving her 12% of the premine + all coins that are not claimed
- The chain has an infinite coin supply
- No future development will happen, just like last time
- While long term hodlers have to wait on their airdrop until August 10, some Komodo members have already mined/staked over 90k coins in a couple of days
- This chain is absolutely not linked in value to the old chain
- The new chain does not have masternodes, its not even a PIVX fork anymore, it has nothing to do with the original roadmap but is just using the Magnacoin name to try and drive up price

Keep your monies safe people!

1) 100% premine? How do you expect to carry out an airdrop on a completely new chain, if there are no coins to drop in the first place?

2) 11,000,000? Forgetting the additional 216k that will be produced by the time the airdrop is up? Also, it has not been determined how these extra leftover coins will be distributed, or burned even. That's up to the community.

2) You need to look at the chain parameters. No coins will be mined after block 2,629,800 and inflation lowers every 525,960 blocks (1 year or so assuming 60 second blocks).

3) Of course development will happen, except this time we'll indirectly reap the benefits from any advancements in development on Komodo asset chains. I have already been in talks with one of the core devs over securing the chain with dPOW via chain notarization. Also, the ability to create your own token ecosystem on the asset chain itself, using a colored coin system.

4) The asset chain has been started early, so that we can account for any errors that pop up. It was only last week that the KMD team were testing PoS chains. In fact, they have already run into a PoW algo adjustment bug, which will most likely mean a chain restart. This could continue all the way up to the day of distribution.

4) The value is partially derived from peoples willingness to trade back from MGNX to MGN and vice versa. Obviously some airdropped coins could be theoretically sold off on other trading pairs, but the most likely scenario is that people are going to be channelling liquidity through the MGN - MGNX atomic swap pair.

5) That is correct, but the old chain does. The old MGN is intended to run forever and compliment the MGNX asset chain. It has nothing to do with the original roadmap? Except it fulfils our ultimate goal of achieving atomic swaps with any asset on the BarterDEX.