What Is MagnetGold (MTG)?
MagnetGold is a Binance Smart Chain (BEP-20) based decentralized cryptocurrency, developed with an aim to make the world more developed and prosperous.
As per the whitepaper, MagnetGold seeks to make this virtual digital currency accessible and advantageous to the public to start using and accepting cryptocurrency. Moreover, MagnetGold aims to use blockchain technology to redefine the relationship between people and finance.
MagnetGold seeks to provide a public, decentralized, and secure mechanism to conduct self-executing transactions using a globally acclaimed smart contract. Apart from its agent, the green energy sector also faces various challenges like energy storage, economic, and financial challenges. However, the economic sector may be one of the most significant challenges facing the renewable energy market. New corporate forces are driving up investment in the industry considerably. However, transitioning away from carbon is a significant change at a high financial cost.
MagnetGold aims to provide a renewable energy marketplace built on smart contracts and tokenization technology. Hence, renewable energy projects can be contacted directly by energy traders. Project owners can use the platform to hold auctions and trade a portion of their energy output. The transparency and security of the transaction are also guaranteed by blockchain, which is permanently stored on the platform, allowing all participants to audit the results.
MagnetGold describes itself as a cryptocurrency, which was designed to support and solve problems in a variety of services rather than simply one, including the following:
Funding and expertise assistance to start-ups.
Support for renewable energy sources.
Agro/Organic agriculture support and care.
For merchants or communities, support for the new e-commerce revolution.
Support for real estate.
The native token of the platform is "MTG." The primary goal of the MTG token is to make this cryptocurrency more accessible to the public. MagnetGold claims that MTG tokens have a dedicated blockchain, scalable consensus methods, low power use, and global acceptability. In addition, MTG currency's technology is a considerable help to people battling the environmental issue and helping to create a more sustainable global economy.
Furthermore, the token seeks to utilize a complete and transparent development process to enable the users to look through the history of all transactions.
