MAGMA on Algorand Announcement

PublishedDecember 8, 2024

We have a team of experienced developers, some dating back to the 1980's. We are focused on building an ecosystem of nextgen applications, services, experiences, and games.

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BLOG | MAGMA - Get news, a roadmap and timeline from MAGMA!

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ṂȺ₲ṂѦ is the currency that powers The Verse.

There are only 103,949,132.625095376 MAGMA on ALGO available untill December 1st, 2028!

On December 1st, 2028 wallet address ND7CPROTTHRTGYCQUYNIKPKKIWXGIEOHTPMRERQN2NIFD7USVKGTYGPJFE will release 660,000,000 MAGMA to the REDEAUX wallet.

Although we plan to retire MAGMA on ALGO in the first quarter of 2026 for the replacement of MAGMA's native blockchain, MoltenChain.

We will be offering a 1:1 trade from MAGMA on ALGO to MoltenChain where MAGMA is a native coin.

The MAGMA coin will be paired with USDC upon the mainnet launch, as we are working with Circle for the entire onboarding from debit/credit to the MoltenChain ecosystem.

The liquidity for MAGMA coin will be backed by USDC, all Algorand will be swapped to USDC-ALGO to USDC-MC and added to the liquidity pool.

Every purchase of MAGMA with USDC will be placed into a USDC/MAGMA liquidity pool. MAGMA holders will earn rewards for contributing to the liquidity pool.

Token creators will have a default liquidity pool setup for their tokens as ATOKEN/MAGMA LP. Where holders of their tokens can contribute to the LP and earn rewards for contributing to the LP.

Token creators will also have the option to add liquidity to any token on the network, they just need an equal value of both, which raises the TVL, and price of the token.

We are in the final stages of development before launching the public testnet, where we will stress and brutally attack to test it's durability and security.

As it stands, it can handle every attack method known to blockchain infrastructure and every attempt has been blocked, with the IP address resulting in being blacklisted.

We have been utilizing machine learning and we have created a sophisticated security model with an internal AI powered bot that monitors the network in real time.

As we continue to innovate what is stopping you from taking the leap into MAGMA?

#cryptocurrency #magma #moltenchain #algorand #artificial-intelligence #machine-learning #usdc

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