Currencies33084
Market Cap$ 3.05T+0.33%
24h Spot Volume$ 69.85B-0.13%
DominanceBTC60.87%-0.20%ETH7.09%+1.78%
ETH Gas0.53 Gwei
Cryptorank
MainCurrenciesMagnet DAO
Open report modalReport issue
Magnet DAO

Magnet DAO MAGPrice N/A

MAG Price

N/A

General Info

Contracts/Explorers:

Avalanche C-Chain

Tags (Sub-Categories):

# Inactive

Description

Magnet DAO is a crypto incubator that uses its treasury to cultivate, incubate, and invest in early-stage crypto projects

Magnet DAO (MAG) Chart

Magnet DAO price Index provides the latest MAG price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

Additional Data

ATH Market Cap

$ 18.99M

Max Supply

MAG 100,000,000,000,000

Total Supply

MAG 13,094,911

All Time High

$ 0.963

10 Feb 2022


All Time Low

$ 0.00479

4 Mar 2024

Trending Magnet DAO Fiat Pairs

What is Magnet DAO (MAG)?

Magnet DAO is the next evolution of the reserve currency protocol. The DAO uses its protocol-controlled value to reward token holders with high yields while using its treasury reserves to invest in and incubate innovative projects. Unlike first-generation reserve currency protocols, the goal of Magnet DAO isn’t just to grow its market cap and treasury from bonding: Magnet DAO will also use 10% of bond profits to invest in high-quality crypto assets, effectively turning the DAO into an on-chain Innovation Fund. 

Staking allows you to earn MAG passively via auto-compounding. By staking your MAG with Magnet DAO, you receive sMAG (staked MAG) in return at a 1:1 ratio. After that, your sMAG balance will increase automatically on every epoch based on the current APY.

Trending Coins and Tokens Flame icon