POS Magiccoin is a cryptocurrency exchange that focuses on proof-of-stake (POS) coins and aims to address issues in the cryptocurrency market like volatility, liquidity problems, and lack of regulation. The exchange allows users to trade over 100 POS coins and earn rewards by staking coins. It also provides advisory services to evaluate ICOs before listing and distribution services for developer ICO tokens. The exchange is built using NodeJs and offers a wallet with staking capabilities and the ability to customize settings through plugins.

1. Whitepaper Pos Magiccoin

2. Abstract
POS Magiccoin is the first trading platform dedicated to altcoins based on proof-
of-stake (from here on will be called POS coins). Not only the investors can trade
POS coins via the intermediary currency Bitcoin (BTC) or Magiccoin (MAGE), this
platform also allows developers to distribute and publish tokens for their ICO with
a competitive fee. Traders will have the access to over 100 types of POS coins
easily, quickly and conveniently.
They can earn money by exchanging POS coins through stock donations to dig
up crytocurrencies. In addition, developers can sign a contract to make coins on
POS MAGICCOIN at a competitive fee. Finally, the Magiccoin POS will provide us-
ers a wallet with the necessary plugins for them to adjust their desired settings.
They can also use suitable table for their choices. Profits from these business will
be used as a community development fund, MAGIC. In addition to enhancing the
technical flatform, periodic burning will be done from business profits to ensure
the scarcity of MAGE will benefit the community.
Name: Magic Coin
Ticker : MAGE
Ideal block time: 1 min
Algo: Script
Maximum Block Size: 1MB
Total number of coins: 44,000,000 MAGE
Premine : 11,000,000 MAGE
1440 block/day
POS
block 1-2102400 = 2.5 coin
block 2102401 - 4204800= 1.25 coin
block 4204800 to end = 0.5 coin
POW
block 1-2102400 = 0.5 coin
block 2102401 - 4204800 = 0.25 coin
block 4204800 to end = 0.1 coin
Min stake age: 12 hours
Max stake age: unlimited
Maturity: 50 blocks
Confirmations: 3 blocks

3. Introduction
The cryptocurrency market has permanently disrupted the financial sector. Howev-
er, it is still a long way from achieving Satoshi Nakamoto’s vision of cryptocur-
rencies becoming a legitimate replacement for fiat currencies. The technology is
still in its infancy. Despite that, numerous positives can be drawn from the eight
years that cryptocurrencies have been in circulation. One of these benefits is the
unparalleled security that these cryptocurrencies offer to users. The adoption of
cryptographic encryption in the distributed ledgers makes it more secure than fiat
currencies especially when it comes to remittance services.
Another benefit of cryptocurrencies is their distributed
nature. Only one ledger is used to store transaction
blocks. However, the ledger is synchronized to all the
devices in the blockchain creating multiple copies that
are immutable. Smart contracts are used to complete
transactions ensuring that fraud and theft are elimi-
nated from the system. Finally, cryptocurrencies offer
anonymity of the users to prevent sensitive payment
information from falling into the prying eyes of hack-
ers and phishers. This makes it less susceptible to
cyber-attacks. Despite the benefits, cryptocurrencies
have still not been able to match or surpass any of the
fiat currencies.

4. Background and
problem statement
Part of the reason why cryptocurrencies have yet to surpass fiat currencies may be
due to some systemic problems that exist in the industry. One of these is negative
publicity due to scams. Since the first altcoin, ICOs were launched, there have
been hundreds that have been launched. Even though many of them are genuine,
there have been numerous that were scams. The founders pumped the altcoins
only to disappear with investor’s hard-earned savings. This has painted the in-
dustry in bad light. Many serious investors are hesitant of investing in legitimate
cryptocurrencies due to the increase in the number of scams. Since the industry
does not have a central authority, this has gone on unchecked.
Another serious challenge is the increasing scrutiny that cryptocurrency exchang-
es have had from governments. The decentralized nature of the digital currencies
makes it difficult for governments to regulate them. However, they changed their
tactics to target exchanges that facilitate the trading of fiat currencies and digital
currencies. In America, cryptocurrency exchanges are being targeted to get infor-
mation on investors who have purchased cryptocurrencies. An example is Coin-
Base whose 14,000 customers face the risk of prosecution if they fail to declare
the cryptocurrencies they own. John Doe summons have already been issued for
those with accounts with the exchange. Additionally, new notices require taxes to
be levied to those who offer loans in the form of Bitcoin or other cryptocurrencies.

5. Another challenge that cryptocurrencies face is the liquidity and volatility issues
that plague the industry. The cryptocurrency industry is very volatile. This volatility
causes a lot of price fluctuations. The high spreads are not attractive to long-term
investors.
Additionally, liquidity is a serious problem that partic-
ularly affects exchanges. Many popular exchanges such
as GDAX experienced flash crashes that led to losses
in the accounts of most users.
Coinbase also highlighted a $600 Bitcoin drop in value
in early October 2017.
These flash crashes seem to affect specific exchanges especially when there is a
high-volume trade going on in the market. Finally, in mid-2017, Ethereum officially
changes from the proof-of-work architecture to the proof-of-stake architecture. It
is expected that many altcoins will follow suit. Unfortunately, none of the exchang-
es developed are with proof-of-stake as the main architecture in mind. This is an
opportunity that no exchanges have exploited. Identifying the gap and becoming
one of the industry leaders can provide a growth opportunity for the business.

6. Solution
There is a need to create a more robust exchange that can be the focal ex-
change for altcoins that rely on proof-of-stake. These coins do not have a spe-
cific exchange that they can use. As a result, it will be easy to scrutinize the
altcoins that are authentic and those that are not authentic. The exchange can
perform a preliminary assessment of the ICO offered by a proof-of-stake altcoin
to determine whether it is a scam or a legitimate business.
Once a legitimate exchange has been created, investors will be more willing to
invest in proof-of-stake coins. This will improve the liquidity of coins on the
exchange because there will always be traders who are willing to purchase and
sell coins. Better liquidity will mean lower spreads and more long-term investors
will be willing to spend money in the industry. Better liquidity will also prevent
volatility and flash crashes in the exchange
Finally, a good altcoin exchange can allow investors to stake coins. Staking coins
involves holding the altcoins for a specified period before the coins start earning
money. This is made possible by the proof-of-stake architecture that relies on
the number of coins held as opposed to computing power. If you are interested
in mining, you need to buy the altcoins your target instead of buying a mining
rig. The main reason why proof-of-stake architecture is expected to become the
dominant architecture for altcoins is that it avoids the 51 percent problem that
blockchains using the proof-of-work architecture will experience over time. It is
expensive and impractical to try and get 51 percent of the coins when the block-
chain uses proof-of-work. The money staked will also provide greater stability
of the coin. The exchange only needs to ensure that the liquidity is adequate to
avoid flash crashes.

7. POS Magiccoin
(POS & LENDING )
What is POS Magic?
The POS Magic Exchange will be the best platform for altcoin enthusiast to make
money staking coins. The platform is run by POS tokens that users will receive
when they exchange their fiat and digital currencies through the exchange. The
number of POS coins are capped at 44,000,000 MAGE (Premine: 11 million, Team
Development: 3.8 million, Angel Investor: 3.6 million, ICO: 3.8 million). Any extra
cash is burned at the same rate as to ensure that the cap limit is not surpassed.
Investors can stake the POS coin at a rate of 5-15 percent/month. However, their
options are not limited to POS tokens. The POS wallet can accommodate over
100 different altcoins giving the investor a greater opportunity to invest in their
preferred altcoins.
Features of POS Magiccoin
The first feature is the effective POS wallet. The wallet
developed can support over 100 coins at launch, and
it can be improved with time. The wallet is equipped
to perform online staking giving altcoin enthusiast an
opportunity to mine some of their favorite coins. This
is an easier method of earning coins instead of having
to use an expensive mining rig to earn money. Anoth-
er benefit is that the wallet does not have to be kept
online. This makes it more power efficient and cheaper
for miners.

8. Another feature is the ease of trading on the exchange as well as on other ex-
changes. Users can easily switch between different altcoins and the POS coin.
The POS coins can also be traded on Cryptopia and Livecoin for fiat currencies
to improve the liquidity in the organization. If the individual wishes to stake the
POS coin, they will earn one percent monthly. Traders can now let their money
work for them.
Another feature is the faucets that are designed to ensure
that the supported coins can be used in the platform. These
faucets provide liquidity for the business. The exchange keeps
track of the different coin faucets to make sure that there is
adequate liquidity to pay the users. This will prevent any cas-
es of flash crashes that occur when traders want to liquidate
large amounts. This is an ingenious system that will make
POS the most secure exchange on the platform. Additionally,
users will be given an opportunity to stake some of their coins
in the faucet system. This is a good opportunity for traders
to earn from the platform. With the faucet system, the POS
exchange can achieve liquidity and avoid validity.
Technical aspects
POS crossover network
In the network, POS Magic platform will be used as the platform to exchange
stakes between two or more POS coins. The ratio will be determined by the teams
behind the respective POS altcoins to ensure that both parties make a profit. The
main purpose of POS Magic in this relationship is to act as the broker center. The
Magic team acts as the intermediary by facilitating the tacit agreements.

9. POS consignment
Developers with stacked coins can consign them on the Magic platform at a fee.
The fees will not be as exorbitant as most other exchanges to ensure that the
customers make money mining the consigned stacked coins.
POS service advisory
The POS Magic platform will be examining altcoins before they are listed on the
exchange. The aim is to protect traders and miners from fake altcoins created
only to fleece customers. Additionally, Magic will offer an advisory charge for any
reputable altcoins that are seeking an ICO. The altcoins must meet the minimum
requirements, and there will be a fee charged. However, members of the Magic
community can purchase the ICO and gain a bonus when the altcoin liaises with
the platform. This benefits trader on the platform because they will get coins at a
bargain and the altcoin because it will receive the crowdfunding required.
Magic trading
The platform will be built using NodeJs to allow hyper-trading. This allows the
execution of trades faster than in most other platforms. Additionally, the algorithm
can be adjusted by developers on the platform. Developers can create plugins that
can be added to the POS wallet. This allows experienced traders to adjust the
interface to suit their preferences.
ICO and POS exchange agent
As an exchange, POS Magic will provide three primary services. First, is offering
the normal services of exchange. Essentially, traders can exchange fiat and digi-
tal currencies on the platform. The range of fiat currencies served will expand as
demand for certain currencies arises. The second service is the distribution of ICO
tokens on behalf of developers. This will be a charged service but the developers
will get approval from POS Magic is their coin meets the minimum threshold for
altcoins on the platform and if the team is convinced that this is a lucrative deal
for the traders on the platform. Finally, POS Magic offers a staking service for
any investors who wish to mine coins using proof-of-stake. The wallet will indi-
cate the minimum time required to stake before the trader earns coins from their
cryptocurrency of choice.

10. Between July and October 2018, the
POS specialized exchange will be
tested. The ICO agent feature is
developed.
The team gathered and started the
project in May 2017.
In June and July, the basic roadmap was
created. There was a feasibility study
conducted that could help the develop-
ment teams to exchange information on
the POS network. In August, the complete roadmap was
created, the white paper was written,
and the angel investors were called
to ask for capital contributions.
In September 2017, contracts will be
signed with angel investors, the MAGE
and Magic Web platform will be devel-
oped as well as the POS system will be
implemented and tested.
In October 2017, the blockchain, wallet,
and lending web were all completed.
In December 2017, the ICO will
be launched, and coins will be
listed on the exchange.
In January 2018, the lending platform will
be launched, and the partnership agree-
ment will be developed. The wallet will be
developed for other platforms apart from
the Windows platform. These are Android,
iOS, Linux, and Ubuntu. Additionally, the
platform will be expanded to allow MAGE
to be used as payment for the ICO.In January and February 2018, a PR
roadshow will be conducted as well as
a magic lottery run to create awareness
of the exchange to potential users.
Between March and June 2018, the first
Airdrop will be conducted and the POS
advisory services will be launched to the
public. Additionally, links for MAGE will be
increased allowing it to be used for
payment for ICO tokens.
RoadMap

11. magiccoin.me