Average rating : MEDIUM
MagnaChain is a completely new, built from scratch, public Blockchain and related integration toolset used for distributed application (dApp) development.
Raised: 0 of 4,500,000USD ( 0%)
|Ticker:||MGC||Available for token sale:||780000000|
|Token type:||Private-sale/pre-sale token price:||/|
|Accepts:||Private-sale/pre-sale bonus:||no info/ no info|
|Prototype:||Pre-sale min/max personal cap:|
|Team:||15 persons||Crowd-sale token price:|
|Team residence:||Crowd-sale min/max personal cap:|
|Company residence:||Cant participate:|
MagnaChain- Scores a 60.76% for token metrics. The reason this project scores so low is because it did not pass our technology review. The rest of the token metrics for this project were good.see more
MagnaChain proposes an interesting solution that aims to solve the problem that plagues today’s blockchain platforms, but it runs in a heavily competitive landscape. The team will have to deliver an actual working product as soon as possible in order to stay ahead of all their competitors.
With the amount of partnerships and clear dedicated paths on game development and integration on the MagnaChain network, we feel that the team’s vision to become one of the leading platforms for gaming applications is feasible. As innovation has been the hallmark for the gaming industry, MagnaChain can amass a good amount of software developers, especially with the affiliation with popular engines and platforms, thus creating an increasing interest for developers of all kinds to launch their dApps on the platform.
While we do like their initiative to focus on the game industry, and especially on the newly added niche of blockchain games, the main point that can threaten the project’s success is the blockchain part. There aren’t enough blockchain developers on the team and this might bring setbacks in terms of actually delivering their proposed goals.
We look forward to see how their test net and main net rollout, as they received good results so far according to third parties that have audited the code and we want to see how the platform will handle, both in terms of speed and security, and in terms of number of users and developers. For now MagnaChain is still an early-stage project, with a good business development plan, that needs to deliver on the technological part.
Update: Since we have initially reviewed MagnaChain, the team have mead great progress. With a successful release of their mainnet and improvement in the business model and development areas. They still somewhat lack marketing efforts and exposure among potential investors, however they should have no problem with raising the $4.5 million that the team requires in order to proceed forward. MagnaChain operates in a very lucrative sector – that is the gaming industry. We believe MagnaChain deserves more exposure and the increase in the project’s total rating is well desrved.see more