Topic: [ANN][MGN] | 🚀MAGNA COIN🚀 | MASTERNODES | ZEROCOIN | ATOMIC SWAPS [ANN] - page 13. (Read 23947 times)

the price has to be lower given the amount of fud

We have submitted multiple requests to coinmarketcap and at this time the volume is too low. We need volume at this point.

Why isn't this listed on coinmarketcap?

Here have a chart of the price  https://masternodes.online/currencies/MGN/

I would like to see the historical price chart of the coin if this is possible.
It looks to me a promising MN coin.

MN rewards are random, but the long term ROI remains 400%.  I think you're making a big deal out of something trivial. Please, keep collecting data and come back in a few weeks time. You'll see the rewards received are what's advertised in the ANN.

Oh I'm not trying to FUD, if you want I will share the pubkeys of all my masternodes and you can see for yourself which rewards I am getting. It is not what they advertise. Block reward should only decrease in +- 45 days, not the way it is going right now. Something is very wrong here.

Look up the pubkey from my previous post, that masternode hasn't got a single reward today and it's 9AM here. It's nowhere near what they claim.

D9dAs5yAkaxi58NuXGVMMTaJ3Ad7TT3eit

You've been warned.

There seems to be a lot of hate and FUD for this coin. 

I think it is a lot better than a lot of other offerings out there.

Magnacoindeveloper can you explain the following to me:

your website shows that in the first 90 days the block reward is 15 coins and that masternodes receive 70% of that, correct?

http://oi68.tinypic.com/2yn1f2g.jpg

Now masternodes.online shows that we had 1520 blocks in the last 24 hours:

http://oi64.tinypic.com/30ng12q.jpg

The last block number (not shown in this picture) matches the one on your block explorer so lets assume this is correct. That should give us 1520 x 15 coins = 22800 coins for the last 24 hours. If 70% goes to masternodes that should be 15960 coins divided by 150 masternodes or about 100 coins a day for each masternode. However, current daily reward for all masternodes is only 7,428.4000 MGN and this number goes down every day. So masternodes only receive 35% of the total rewards and I wonder where the rest is going? This is NOT only because the rising number of masternodes like you told me before. 1 week ago there were 136 masternodes and we got 100 coins a day, now there's 150 masternodes and rewards are halved and still going down every day. So 10 percent more masternodes while rewards got halved. I can screenshot this every day if you want me to prove it to you.

http://oi63.tinypic.com/1679xsl.jpg

I have three masternodes myself. Bought them because you advertise 400% APR. I expected a 100 coin a day return. Look what I got last days.. Yesterday 9 rewards for 3 masternodes! 1 of them only got 1 payout that day (the pubkey is D9dAs5yAkaxi58NuXGVMMTaJ3Ad7TT3eit if you don't believe me). Today one third of the day has passed and I got 2 rewards for 3 masternodes so far. It's looking great again. I asked you several question on discord but was ignored every time. I DM'ed zap more then a week ago, still no reply. You show no effort at all!

http://oi67.tinypic.com/5vtbo6.jpg

I really have the feeling we are being ripped off one way or another and this should be a big warning to all investors! I really hope you can explain to me and everyone else very clearly why the reward has gotten down so much while masternode numbers did only increase 10 percent. It all comes down to that. I will keep asking my questions until you provide me a clear and honest answer.

Made translation but there is no board/sub-board to post ANN in Finnish language, I got confirmation from a moderator that for the time being it is prohibited to post ANN in Finnish - I guess we will need to wait for Finnish sub-board. I will pm you the details and translation in case you have any use for it later.

Block explorer? It already has a couple. Check the first post from this thread.

any mining pool ? suport vga card or cpu only ?

When will we get an explorer?

I was just going through the form to help Magna get listed on coinmarketcap and this is the one thing that we lack.

The price is not manipulated in anyway. Nodes were sold to people as low as 0.02BTC per node, explaining why such a high % of coins are locked in and why dev funds are so low.Also, the high node count also shows people are committed hodlers and in it for the long run .The market cap is only $1 million, which compared to other MN privacy coins, is extremely low.

Once in a while i see People complaining over this or that.
Give the devs a Little slack, they just started with this coin.

They seem to be trying to answer all inquires in a polite manner, and always Keep coming back if more questions are fired up.
I say we give them the Chance to do what they planned on doing with this coin, and see after that what is and what is not.

It is you your own decision if you want to get on boat now, when the Price is as it is (high or not - it is up to you), and if you want to, please stop complaining afterwards, or get in later on when more Features have allready been implement and the coin is complete, and ist Price is 10 times more.

I myself have risked it now and bought 10k coins, whatever theyre Price might have been on the only Exchange they were listed, and i am waiting now patiently and see what happens. Id rather do it so, spending 0.35 0.4 btc for 10k coins, than later on where 10k coins are far more expensive.

What i would like to see from the developers, here on bitcointalk or maybe on their Website, is what differentiates this coin from the ones that are allready on the market and are in the same category, the other privacy coins.
I understand the zerocoin protocol is not implemented yet, but for the sake of it, lets just say everything is ready done and working as intended.

If the dev Team create a coin with Features no other single coin has, this might have a good Change going Forward, a very good one at that. And if this is indeed the case, then the Price could go very high for this coin. Im sure the devteam would benefit far more if they have a succesfull coin in the top 20, then if they were trying to make a shitcoin, stealing btc from poor People who try to buy this in the first wave.

And for gods sake, its the Holidays, give the People some slack, they cant just code and work 24/7. They are humans too and have families and lives as well.

Yup, price of the coin is manipulated to fuck, and 65% of the coins are locked in masternodes. This just seems unhealthy, and DEV team don't have enough money to add the coin to a new exchange. Think i'm going to have to pass on this

Main mining pool is orphaning every other block. Think something is wrong with then chain so probably not the best time to keep sending the price up! Think coin has potential, but not getting good feelings right now....

why is the price of this coin so heavily manipulated.... literally some one bought up all this coin and and is placing spotty small orders and giant spreads. makes buying this coin almost impossible.

someone literally bought up this coin, isnt selling any more and is placing buy orders above current price constantly...artificially moving up the price for days now....

That did it!! Thanks for your help!!