ABOUT Magna Coin is a P2P digital currency that combines ultra anonymous technology with masternodes and on-chain atomic swaps.

KEY FEATURES

Masternodes Setup Guide

70% of each block is allocated to MasterNode holders.

Governance Voting

Magna will always be considered a community driven coin. A large weighting on the future of the coin will be placed with decentralised masternode governance. This will enable node holders to vote on issues surrounding Magna including, but not limited to: the roadmap, marketing, budgetary allocations and technical aspects of the coin.

The latest roadmap will include plans to integrate MGNX into our interoperable governance system.

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.

Atomic Swaps

The ability to swap MGN and MGNX simultaneously between 2 parties using the Komodo Barter DEX.

Cross Chain DAPPs

Listing to the BlockNet DEX has given the opportunity to bridge interoperability by building DAPPs that share data between multiple chains.

Smart Contracts

The -ac_cc parameter has been set to 2, giving MGNX the ability to interact with other asset chains using smart contracts.