Post
Topic
Board Announcements (Altcoins)
Re: [ANN][MAG] MAGNET - X11 FULL POS + Masternodes + Merchant Tools / magnetwork.io
by
wabkebab
on 31/01/2019, 11:00:37 UTC
Hello all magnet users,

I have an important proposal to make around the  1,837,843 MAG that were accumulated during the (add your adjective here) cryptopia swap. As I surprisingly read in discord this amount is going to be splited into "network running costs" and "airdrop campaings". First of all, as these funds belonged to the network - so in some way, they belong to every magnet user that has/had a node or stakes in the network -, It would be fundamental for building the lost trust and improving gobernance and transparency, that these MAGnets are sent to a public known address that they could be audited by everyone. I sounds logic to me, and it doesn't have any costs (at least sending to a well known address) . Also, a quartely report of MAG costs and expenses (as other serious blockchains do) would help too. I'm not asking too much I think. Public MAG, MAG in public.

About the airdrop, these MAGnet where taken from the network, why dont add a third option - to airdrop everyone that helds MAG (according to a % of his holdings)?

Finally, question about the reward system, who is going to support - pay the VPS service -  a MN by the end of the year where the MAG rewards will be very small? That is assuming the bull market will return at some point ...

Just food for though.