What is MAGACOIN? Everything to Know About It

Welcome a new cryptocurrency to the market, MAGACOIN.

How would you feel when I say there is a new crypto coin, which is a Donald Trump-themed cryptocurrency? Funny, isn't it? Well, then let's welcome MAGACOIN. A lot has been happening around in the crypto world since the launch of MAGACOIN. Let's explore more about it.

What is MAGACOIN?

MAGACOIN was made with an end goal to apparently communicate strong support for the previous President, Donald Trump, in the wake of his loss in the November 2020 political race. The total number of coins made till now is an affirmation of the 75 million who decided in favor of Trump in the elections. MAGACOIN thus carries on its shoulder the super weight of a major expectation since it is on the side of the competitors related with the Make America Great Again applicants. The returns from the new cryptocurrency will be diverted towards funding their future campaigns and races.

This coin is different from other best cryptocurrencies to buy as MAGACOIN won't hold an ICO (Initial Coin Offering), rather it will be parting with 100 coins to each new registrant to construct a powerful MAGACOIN ecosystem that will work together to get access to the crypto exchanges and backing the MAGA development.

According to its website, 10 Million MAGACOINS have been given to the MAGACOIN Victory Fund, a SuperPAC made to help MAGA candidates across the nation who will battle for individual rights, religious liberty, protecting the unborn, the 2nd amendment, freedom of speech, and the entire America First Agenda.

As MAGACOIN is acknowledged by crypto exchanges and the value of the SuperPAC's coin holdings grows, these coins will be exchanged for U.S. Money and independent expenditures will be made to bolster MAGA candidates. The more prominent the value of each MAGACOIN, the more resources the MAGACOIN Victory Fund will have to support and choose MAGA applicants from one side of the country to the other.

Lately, the country has been met with a ton of "far-right" movements in recent months, and this incorporates that of the Freedom Phone, which has been made for "free speech." These far-right movements have been confronting gigantic popularity among the general population yet are blended in terms of support.

The coin is additionally supposed to be available for mining, the alternative cycle of getting raw cryptocurrency.

Should You Invest in MAGACOIN?

Despite its goal and objectives, in any case, MAGAcoin isn't yet listed among famous and trusted platforms including that of CoinMarketCap, Binance, and others.

Further, according to RawStory's report, despite the popularity and massive sign-ups of MAGACOIN, its users risk something and it is a data breach on their end. It was found that the MAGACOIN site uncovers user data including login credentials among others.

This is something that should be a warning for users, particularly as they can be accessed or have their cash taken from them by hackers. MAGACOIN is a genuinely new blockchain on the lookout and users should take precautions in case they are thinking of buying it.

Moreover, Trump has not recognized the cryptocurrency or pronounced any apparent support. Trump hasn't been exceptionally hopeful about crypto overall. He has even said that bitcoin appears to be a scam. And remember his extensive rant in 2019 on Twitter about crypto. One reason for his aversion toward cryptocurrency is their volatile nature and conflicting value due to which he doesn't by and large belief them to be actual money.