Magnetic is a platform that provides the ability to conveniently interact with the XRPL blockchain.
Magnetic has its own $MAG token. The token has a special distribution that significantly increases its value:
- There was no IDO
- Core team does not have its own fixed share
- All tokens that will be in the final circulation will be obtained only through mining
- Most of the tokens will be burned
- MAG tokens are constantly withdrawn from circulation to increase their value