Posts Tagged ‘Proof of Interest


The team behind Coin Magi (XMG) has announced an interesting initiative called Magi Proof of Interest 2015 that would allow people to get interest on their XMG coins kept in their wallets if they keep them there for 2 months. The Proof of Interest will last two months (starting April 1st and ending June 1st)and it is not implemented in the wallet itself, you need to send your XMG wallet address and the balance you have in the wallet will be entered in the PoI initiative and in 2 months if you still have the same amount of coins your interest will be paid on 01-06-2015, if you have more coins you will get higher interest and if you have less either no interest will be paid to you (if more than 20% less coins in your wallet) or an interest rate for the amount of coins present in your wallet.

In order to participate you need to either post your wallet address here or send in a PM with your address if you don’t want to make it public. The interest rate is not yet available, it can be influenced by the number of participants, level of the fund and total number of coins that participate. So if you have some XMG coins that you are keeping in your wallet long term, then there is absolutely no reason not to take advantage of this campaign. Do note however that exchanges or wallet address on an exchange are excluded from participation in this initiative!