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MagnaChain

Blockchain
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Status
ICO

MagnaChain is a public Blockchain and related integration toolset used for distributed application (dApp) development.

MagnaChain White Paper Whitepaper

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NA
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User Rating
Medium
3/5 1 votes
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Ticker
MGC
Type
Utility-token

What is MagnaChain

MagnaChain is a public blockchain and an integration toolset designed for dApp development. The team claim their ecosystem will encompass existing games re-configured to run on blockchain, new games developed on MagnaChain, as well as third-party exchanges and marketplaces. The solution envisages SDKs that will facilitate translation of games from popular coding languages. Gamers will be able to control the value of in-game items themselves, as well as sell and buy them in a self-regulating market. Developers and gamers will use a proprietary MGC token for all transactions on the platform.

Token Allocation

Total Token Supply 780,000,000

Token distribution


30% Tokensale
20% Reserves
20% Team and Advisors
15% Developer/ Incentive Program
15% Marketing

Funds allocation


39% R&D
39% Partnerships
8% Overhead
8% Brand Marketing
6% Legal & Professional

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