MagSwap AMA

we hosted an amazing AMA with MagSwap on the 10th of September

And here we will put some of the best questions:

Q1. Can you introduce yourself to our community?

Hi everyone, hope this pandemic is treating all of us well . My name is Alexander the CEO of MagSwap.
I have almost 6 good years in the crypto and block chain industry.

Q2. Can you briefly tell us what is MagSwap ?

MagSwap is proud to present to
you our token with REAL WORLD
USE CASES. We believe the riches are made when both worlds meet.
Connecting crypto world to business and leisure.

Q3. Let’s now talk about the milestones you have achieved so far and about your upcoming plans?

There is a variety of use cases we created for our eco system;

Mag Exchange
Our very own MAGSWAP exchange with
minimal congestion and user-friendly
interface, ensuring that you never miss a

Mag Marketplace
A verified and regulated online platform for
the crypto world, finding quality services,
products and ultimately preventing rugs
and scams.

Mag Gacha
A scratch and win game for those who are
feeling lucky and enjoy trying their
luck. A game where everyone is a winner!
Just purchase a ticket for 100,000 MSWAP
and stand a chance to win up 10x their

Mag Charity
A meaningful use case where our team
sends aid to places or people who are in
need especially during the pandemic. We
practice giving as our core value. We will
donate for each million market cap we

Mag Travel
A specially curated list of holiday
destinations for our community using
tokens tied with special deals partnering
with reputable travel agencies.

14th Planet
A trend setter NFT farming game with extinct
collectible characters to mint and
farm $MSWP tokens (play to earn).
14th Planet is inspired by Gamers for Gamers.

Mag Staking
A staking platform exclusive for
our members, online financial services
such as loans and other features.

Mag Models
A platform for individuals, above and below 18
(content creators, KOLs) who lost their main
source of income due to the pandemic as well as
providing a social space them to expand their
audience/fans reach while earning income.

In addition to all of the use cases,
you have access to an online
automated mining machine that
distributes USDT to your designated
wallet every 180 minutes.
All you have to do is sit back and let
MagSwap do all the work .

Q4. Every project has a story behind their name, Can you tell us more about the story behind this? Who are the team behind this project? can tell us their background?

We started Mag Group beginning of the year 2021, knowing the pandemic caused a lot of people their job and freedom.
Creating a passive income to aid everyone through hard times.
Decades of combine experience in IT, Graphic
Design, Accounting, Public Relations,
and Marketing, we are at your
The team made of 9 are here to
create a massive eco system to
make our community profitable and

Q5. DeFi is one of the hottest and most sought-after topics in the blockchain space right now. Can you share your opinion on DeFi with us? Do you think DeFi will disrupt the current financial system? What is MagSwap’s approach to the DeFi sector?

In simple words block chain is transparency and itโ€™s vital to every organisation today. Decentralise finance brings this to a whole new level where we can be incharge of our decisions and wealth rather than putting our fate in the hands of higher authority.
Need not speak more would just like to welcome yall to the Crypto world.

And here we will put best questions from our members and MagSwap fans:

Q1) From what I read from the #MagSwap project. Each transaction is subject to 15% tax. I think this is a pretty high number. why did you choose a starting rate of 15% and where will this 15% be distributed? Do you plan to reduce this number in the future?

In the BSC network 15% is considered a norm. There are way higher tax , I wonโ€™t mention names but you will see them taxing up to 25%.

As long as itโ€™s justified we do not see the issue , the 15% breakdown below.

We call it;

5% Reward distribution in USDT
3% Buy back
2% Liquidity
2% Platform Development
2% Marketing
1% Charity

Q2) I read that with every market cap reaching 1 million, the #MagSwap team will deliver food and donate clothes to the homeless. So which region or country would you make this kind of donation in? Which charity would you like to partner with for such an action?

Yes you heard correct , we have a huge CSR operation. Our team has decide to work hand in hand with these charity organisations;


Every 1mil market cap hit we will perform these charities with videos and pictures as POW.

Q3) I saw on your website that there is an automate mining machine that distributes USDT avery 180 minutes. Many projects give their native tokens or some exchange tokens like BNB as a reward.Why did MAGSWAP decide to give USDT as a reward?What was your motivation for choosing USDT?

We chose to reward in USDT because itโ€™s a stable coin despite market volatility. Besides we are on the BSC network , any other tokens rewards will make a dent in the chart for it will create a sell wallet before able to send rewards to hodlers.

After all investors have freedom to reinvest their USDt

Q4) Current NFT is a hot topic, but are NFT not just for art. Does your project think that more real world use cases will emerge for NFTs as time goes on, why should we take NFTs seriously?

As a matter a fact our NFT game is called 14th PLANET , itโ€™s a play to earn farming .
NFT is the next big thing and it has taken the market by surprise, it has become a real world use case for many take it like a job where they earn money for daily expenses.

Q5) What’s your main focus right now, are you focused on the community or market/Exchange or the products?

None is more important than the other both community and developement is our priority and when these two are prioritise , bigger things like exchanges and listings will come.

Indeed we have Staking and nft farming , we will bring these two ur cases to a diff level and yes we are live PCS already

Q6) Does my $MSWP token have FARMING and STAKING features, and is your token successfully available on the exchange market?

Indeed we have Staking and nft farming , we will bring these two ur cases to a diff level and yes we are live PCS already

Q7) Most users only care about immediate benefits rather than the real value of the project in the long-term. How can Your Project convince users invest to your platform in the long-term?

Like we mention above , we already have all these use cases so it caters for investors of all walks , the short term investor with rewards and the hodler with a great chart and use cases.

Q8) Are you planning to open a market place so that anyone who wants to acquire a particular design can do so directly with the creator?

Indeed we have Mag Market place where products and services are available for hire or sale , itโ€™s all verified and safe to go .

Shillers , moderators , designers and even welcome bots and more

Check it out

Q9) Do you have audit certificates? Or are you auditing your project to make it more secure and reliable?

We have been audited by bitrise and scored 96% secure, down the road we will do a block audit and once we hit 3 mil Mc we will go for Certik to prove to our investors we are serious .

Q10) What plans do you have to grow quickly in terms of users, global market and partners? What are your strategies in building a large and strong community?

Agreed , we are building different communities as we go , other than our main group, we have the Indonesian, Vietnamese , Chinese and Japanese community so if any moderator who feels they can bring in any strong community maybe the Middle East ,
Feel free to contact me

And this was the end of our AMA with MagSwap.

If you have any other questions you can ask here:

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