MAG Price Today
Magnet DAO price today is $0.385869 with a 24-hour trading volume of $147,565. MAG price is down -1.6% in the last 24 hours. It has a circulating supply of 21 Million MAG coins and a total supply of 13.1 Million. If you are looking to buy or sell Magnet DAO, Trader Joe is currently the most active exchange.
What was the highest price for Magnet DAO?
Magnet DAO hit an all time high of $3.40 on Jan 04, 2022 (4 months).
What was the lowest price for Magnet DAO?
Magnet DAO had an all time low of $0.223085 on May 11, 2022 (6 days).
What was the 24 hour trading volume of Magnet DAO?
The 24 hour trading volume of Magnet DAO is $147,565.
Where can Magnet DAO be traded?
You can trade Magnet DAO on Trader Joe.
Magnet is the next evolution of the reserve currency protocol. Unlike first-generation protocol models, our goals lay beyond simple market cap and treasury growth from bonding. Instead, we use 10% of bond profits to invest in high-quality crypto startups, helping them grow from the earliest stages and effectively turning the DAO into an on-chain venture fund. All tokens acquired by the DAO will be owned by the treasury, creating exponential value and unmatched upside for investors.
Magnet DAO holds strong values in transparency, fairness, security, and innovation. From a security standpoint, all contracts in the protocol are MultiSig, and the team has recently engaged Paladin to conduct a full audit for the protocol. From an innovative standpoint, we are developing novel pre-sale and fair launch mechanisms, which bolster the protocol’s treasury and allow the entire community to invest in Magnet DAO in its earliest stages. This concept significantly distributes our network and mitigates any concentrated holders or ‘whales’.
As the first reserve currency protocol to introduce the concept of decentralized venture capital, Magnet DAO needed the right team to bring its innovations to fruition. Our developers stem from a wide variety of backgrounds, including crypto venture capital, software engineering, graphic design, marketing, and many more disciplines which lend value to the vision of the protocol. While early-stage investments are a focus, the team plans to have a very hands-on approach: establishing a builder-first mindset in our incubation model, building protocols in-house, and working directly with developers and founders in their project’s earliest stages. This will enable us to provide proper guidance, necessary funding, and a revolutionized approach to the traditional Web 2.0 crypto-accelerator model.