MAGMA TOKEN - WHITEPAPER V1 (Blog Version)

By TokenOnFire | holdthatcrypto | 26 Aug 2021


Introduction

Magma Token (MAG) is a decentralized token that is fully controlled by its community. Tokens will be airdropped to several people who participate in the airdrop events with the confidence that it will be accepted and have a purpose.

Why Magma? To be on fire means to be ambitious and excited. That was the feeling I had and still have when the token was created. That is why I chose the name Magma to indicate that the token is on fire.

There may be more than one token with the same name. It is only the contract address that makes a token unique. Make sure you remember the right contract address which is: 0xD5A7448b2289d24432F4F2F714458efA8a996359.

Token Details

Total Supply: 1,000,000,000,000 

Website:  www.tokenonfire.com

Telegram:  https://t.me/joinchat/SrkUkboZtzE0NTM8

Facebook: https://www.facebook.com/MAGMA-MAG-Token-Holders-105689665131443

Poocoin: https://poocoin.app/tokens/0xd5a7448b2289d24432f4f2f714458efa8a996359

Bogged.Finance: https://charts.bogged.finance/0xD5A7448b2289d24432F4F2F714458efA8a996359

 

Goals & Vision

To get accepted by the community as a utility token

There are indeed thousands of tokens out there with different purposes. Magma token will thrive its way to get accepted and used by its community as a utility token.

Share the cost with your friend

Here is one way I want the token to get value and accepted. Let us assume that you buy $5 worth beer to drink with your friends. I would not take money from my friends for beers, but this is just an example to show the concept. Instead of taking $1 note from them, you could ask them to send you $1 worth Magma if they are Magma holders. The point is the more you use the Magma token, someday it will worth more than that $1 note.

Reward/Gift System

Workplaces

Employers pay their employees with the Fiat currencies. In addition to that, they can choose to reward some of their employees with cryptocurrencies like Magma into their wallet.

Gift

Why not gift someone some Magma tokens for their birthday. It is not something that they should spend immediately, but something that they can hold and monitor the price. When the token takes off, they would always remember who gifted them the tokens when it was still cheap.

Donation to Organizations Worldwide

In the event of natural disasters, you should be able to donate to organizations worldwide for a good cause.

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