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01. What is MGen Coin

Earn Passive Income with Masternodes

MGEN Coin masternodes are essentially decentralized nodes that host a wallet with a collateralized amount of MGEN coins.

These nodes performed vital tasks such as:

  • Adding layers of privacy to transactions
  • Stabilizing the network
  • Increasing network transaction speeds
  • Providing financial incentives to node holders for each validated transaction

The MGEN blockchain rewards node holders with newly- mined MGEN coins daily, allowing them to earn passive income in return for securing the network. The return on investment (ROI) is determined by the number of masternodes and amount of collateral committed to the network.

The opportunity to operate a MGEN Masternode is available by invitation. Do contact us if you are interested to operate a PRIVATE MGEN Masternode.
02. Features

Key Features of MGEN Coin

Masternodes

Masternode secures the blockchain network and aid in making transaction instantly. Node holders are rewarded daily with newly-mined MYGEN coins.

Private

MYGEN Coin utilizes PrivateSend to give our users the option to keep their payments private and anonymous.

Decentralized

Uses peer-to-peer technology to operate with no central authority or banks, keeping your transactions and accounts away from prying eyes.

High Liquidity

MYGEN coins will be traded on multiple exchanges, providing arbitrage and trading opportunities to its investors

Staking

Staking MYGEN coins on the blockchain helps to secure the network as it moves forward. Stakeholders earn daily rewards in MYGEN coins.

Security

Advanced Quark hashing algorithm protects the blockchain network, keeping all transaction transparent and leak-proof.

Instantaneous

Send and receive payment in MYGEN coins worldwide instantaneously through our platform with minimal fees.

Adoption

Specialized apps, products and services will be created around MYGEN coin to increase its demand and usage in the global market
03. Structure

MYGEN Coin Structure

Running a masternode can be a financially rewarding venture. The MGEN blockchain generates a reward every 60 seconds. The masternode that “complete its tasks” will earn the corresponding rewards.

Node holders who own masternodes are entitled to 80% of the total reward, while the remaining 20% goes to stakeholders who have coins in blockchain but not a masternode.

Block MN Rewards 1.44 POS Rewards (20%)
0 – 20000 0.5 0.4 0.1
20001 – 40000 0.6 0.48 0.12
40001 – 60000 0.7 0.56 0.14
60001 – 80000 0.8 0.64 0.16
80001 – 100000 0.9 0.72 0.18
100001 – 120000 1 0.8 0.2
120001 – 140000 1.2 0.96 0.24
140001 – 160000 1.4 1.12 0.28
160001 – 180000 1.6 1.28 0.32
180001 – 200000 1.8 1.44 0.36
200001 -250000 2 1.6 0.4
250001 – 300000 1.8 1.44 0.36
300001 – 350000 1.6 1.28 0.32
350001 – 400000 1.4 1.12 0.28
400001 – 450000 1.2 0.96 0.24
450001 – 500000 1 0.8 0.2
500001 – 600000 0.9 0.72 0.18
600001 – 700000 0.8 0.64 0.16
700001 – 800000 0.7 0.56 0.14
800001 – 900000 0.6 0.48 0.12
900001 – infinity 0.5 0.4 0.1
04. Specification

MGEN Coin Specification

Coin Name MGEN COIN
Ticker symbol MGEN
Algorithm Quark
Type POS + Masternode
Max coin supply 20,000,000 MGEN
Premined 800,000 MGEN
MN Collateral 10,000 MGEN
Block generation 60 seconds
Rewards 80% Masternode, 20% Staking

05. Roadmap

Token Development

The MGEN roadmap depicts the projected dates for the delivery of milestones. Over the next 12 months, we will be launching several high profile projects that will boost the adoption and increase the usage of MGEN coins in the global marketplace.

  •  

    Phase 01

    Website Release
    Social Media Facility Launch (Discord, Twitter)
    Whitepaper Release
    Recruitment
    Blockchain public launch
    Wallet Release
    Marketing Campaign
    Private sales starts – 8th December 2108

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    Phase 02

    Presale
    Exchange Listings
    Listing On Masternodes Online
    Marketing Campaign
    Recruitment of Additional Staff/Developers
    Market Analysis
    Marketing Campaign
    Wallet Release/Version 2

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    Phase 03

    Meet the TEAM – Webinar
    Webinar Schedule Release
    Exchange Listing – CoinExchange
    Mobile Wallet Release
    Marketing
    Investor Roadshow
    Website Update
    Whitepaper Update

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    Phase 04

    Exchange Listing FINEXBOX.
    Final Application Blueprint Release
    The MYGEN Platform Upgrade
    The MYGEN Mobile Application Release
    Market Analysis

06. Wallet

Web and Desktop Wallets

The wallet plays an important role for the MasterNode. It is where your collateralized MGEN coins are kept. MGEN Web wallet can be accessed on your PC or Mobile stores your MGEN coin. You can send or receive via this web wallet.

Desktop Wallet can be accessed on your PC or via the cloud. The Desktop wallet is synced to your blockchain via a virtual private server that host a copy of the blockchain.

08. MGEN

How to buy MGEN Coin

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