Magia is founded by the people for the people. Here our community works together to create a high- yield revenue for all holders of Magia token.
What are nodes?
Traditionally in crypto, nodes work as network validators that reward the users managing them with the native network token. A node runs the network by confirming transactions, and in doing so secures the network, a necessary job. The other type of node is a “project node” it takes the network validator concept and transplants it into a mixed token model. A “Magia” node is the latter concoction. A node-token project that uses the concept and function of a node to perpetuate a token reward mechanism and keep users engaged. Of course, Magia recognizes that the process of “cycling” that must occur to keep the reward distribution both profitable and stable is reliant upon volume over time. The actual level of that reliance can be mitigated with proper maintenance in securing a long enough runway, without jeopardizing the reward rate that is key to onboarding new users. Since “project nodes” do not run networks and thus cannot benefit from the gas fees that keep network validators profitable, a project node must seek to create/ find its own sources of revenue, which is something that Magia node has already prepared to develop after launch. Magi Play.The MAGIA- nodes are basically “contracts” which contribute to the MAGIA protocol and reward mechanism. This means that there is no hardware required in order to invest in MAGIA- nodes, no electircity costs. Nodes can easily be created from our webapp for at least 10 $MAGIA tokens each up to 100 nodes per wallet.
Which DeFi yield protocols are being used by MAGIA?
Magia has just been launched (this means that you are still very early) so our current focus is to ensure the stability and growth of Magia, leveraging its powerful tokenomics designed for a steady growth. We are currently studying various protocols on different chains, planning a second project benefiting the Magia ecosystem, as well as becoming a decentralized VC. We will be investing and incubating early stage projects, profits of which will be used redistributed to noders.