Magic Bitcoin
Magic Bitcoin
The founder of Magic Bitcoin is Mr. Shankar Sudhakar Pingulkar.
Magic Bitcoin is not a pre-mined cryptocurrency, meaning that Magic Bitcoin miners create the market. By mining the coin, transactions are added and recorded to Magic Bitcoin ledger, comprised of all past transactions. The ledger resembles a chain of blocks, which confirm that a certain number of transactions have been made.
Magic Bitcoin will be the cryptocurrency auditing its blockchain by an independent auditor on a monthly basis.
Because the focus of Magic Bitcoin is on the coin’s usability, we have offered our miners a coin that is easy to mine and easy to use. Magic Bitcoin has also enforced anti-money laundering polices as a proof that the company has long term plans to be a key player on the financial market.
Here are some key features of MBTC that you Should Know:
✅ Technology used : POW + POS
✅ Pre mined coins : 25 Crores
✅ Coins to be mined in next 4 years : 25 Crores Coins @ 24% return in coin per Year till 4 years.
✅ Coins in circulation right now : 25 Crores
✅ Total coins : 50 Crores in next 4 years. ( means we have limited coins and it will increase its demand)
✅ Mining is done here in form of Buy /Sell transactions and send receive transactions. More the transactions, more the coins will be mined.
✅ Coins will be mined @ 25% maximum growth per year and for maximum 4 years.
✅ It means after 4 years mining will be over and It will increase the demand of coin because there limited coins.
✅ 24% of yearly return will be distributed to buyer of coins till 4 years ( On 1st Jan every year on basis of your wallet balance) . Means if you sale your coin to other person even on 31st December, then you will not get 24% return benefit. You should have coins in your wallet on 1st Jan and on those basis 24% return will be distributed.
✅ Referral Income up to 7th Level in Network will be distributed immediately after purchasing coins ( You will get this return only if you directly purchase coin package from MBTC Exchange ). No referral will be distributed if you buy coins from other exchange / person.
✅ Right now Magic Bitcoin is Centralized Currency and It will be converted in De-Centralized Currency just in few months and you can convert your MBTC to Bitcoin any time.
✅ Anyone can directly trade MBTC in MBTC Exchange and this exchange will Work in whole world.
✅ Transaction charges of 0.2% will be applicable on Send / Receive and Buy / Sell Coins .
✅ Trade of MBTC will be done on MBTC Exchange and You can directly Buy / Sell Coins according to Buyer and Seller on Exchange.
Your money is safe with Magic Bitcoin !
Magic Bitcoin specifications:
- Proof-of-work algorithm: CryptoNight
- Block time: 120 seconds
- Difficulty retarget: each block
- Block reward retarget: each block according to the formula: BaseReward = (MSupply - A)/218
- where MSupply = (264 - 1) atomic units and 'A' is amount of already generated coins
- Divisible up to: 108 units specifications
- Magic Bitcoin on 12 December 2017 at the end of this year you'll see the list of all Crypto-Currency.
We will share rest of the things soon with you... Networking Plan is almost ready, we will share with you soon.
You can install the Magic Bitcoin app from the below link:
https://play.google.com/store/apps/details?id=com.Magic.app.Magic_Bitcoin
If you want me, to be the sponsor then you can type the Sponsor ID as MB0063583 and Sponsor Name as Pratik Kumar.
If you use an Indian number to register in this app, then you will get the OTP in your Mobile (The Number which you used to register). If you use any number other than Indian number, then you will get the OTP in your Email (The Email ID which you used to register).Sometimes the Email ID might not work but the Mobile Number will also work for OTP.
Regards,
MBTC Team
You can join the telegram group from the below link:
https://t.me/joinchat/FozzAQ4Cw5NS5UXtbMTW1Q
Thank You.
Source: https://steemit.com/magic/@pratikmodi53/magic-bitcoin
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What kind of source is required here?
I got this from a friend so should i type the source as friend?
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Welcome to Steemit! This Post can have many upvote's with the help of the King's Account: @dineroconopcion, It's a Support Group run by @wilbertphysique, @yoenelmundo, and 5 other people that want to help you be a Top Steemit Author without having to invest into Steem Power. Would You Like To Be Part of this Project? Click here, go to group discord where we talk about steemit and cryptocurrency
cool article