Full Currency Name | 众合币/MGC |
Currency Code | MGC |
Coin Intro |
"MergeCoin (MGC), created on March 29, 2017, innovatively adopted Dashs masternode plan and improved the POW mining tax to the masternodes mechanism. It also incorporated the more secure POS mining of BlackCoin, launching POW POS mining. The masternode mechanism provides a strong guarantee for the development of anonymity features later on. After the creation of the new coin, it was distributed according to market capitalization among the broken segments of several old coins (BILS, APC, NRS, VOOT, UNC) which was relatively fair and decentralized. MergeCoin has an initial total supply of 100 million, with 95 million distributed according to market cap among the five old coin types, and the remaining 5 million managed by the development team. Among this, the team donated 2 million to establish the MergeChain Foundation (for bounty development of applications, business promotion or listing on new platforms, etc.), and 3 million used for constructing masternodes. The MergeCoin development team aims to create an outstanding global competitive blockchain asset, as well as develop applications domestically and abroad later on, enhancing the intrinsic value of the coin type. MGC designed a masternode system, where anyone holding over 50,000 coins can set up a masternode to participate in mining (please refer to the official website tutorial for details). In the first year, all masternodes compete for 24 out of 30 MGC produced daily from new blocks, while the remaining 6 MGC will be given as regular POS interest; the annual POS interest will decrease according to the years (referencing POS block production), being 20 MGC in the second year, 10 MGC in the third year, and starting from the fourth year, it is permanently fixed at 5. In the later planning of MergeCoin, it includes the development of APP applications and plans to list on other trading platforms, please refer to the official website information and the released Whitepaper.
The current price of MergeCoin is $0.0039058, with its 24-hour trading volume not provided yet. There have been no changes in MergeCoin in the past 24 hours. Currently, it ranks 832nd in terms of market capitalization on BeeChecker, with its market cap not provided yet. Its circulating supply is 95 million MGC, and its issuance amount is 100 million MGC."
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Issue Date | 1490745600000 |
All-Time High | $2.3074939 |
All-Time Low | $0.00240351 |
Total Supply | 100000000 |
Circulating Supply | 95000000 |
Circulating Supply Percentage | 0.95 |
Market Cap | NaN |
Fully Diluted Market Cap | $3.9058033e-11 |
Mkt Cap (Float) | $ |
Circulating Market Cap % of Global Total | |
Listed on Exchanges | 0 |
Official Link | http://www.mergecoin.com/ |
Whitepaper | http://mergecoin.com/Mergecoin%20Technical%20Whitepaper.pdf |
Blockchain Explorer |
"http://www.mergechain.com:3000/"
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Telegram | |
Github | |
Twitter | https://twitter.com/MergeCoin |
FaceBook | https://www.facebook.com/mergecoin |
Reddit | https://www.reddit.com/r/mergecoin |