Magas Coins

Discover everything related to crypto in the city of Magas.

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The Russian Republic of Ingushetia's capital city is Magas. It was established in 1995, and in 2002 it took the position of Nazran as the republic's capital. Magas is the smallest capital of a federal subject in Russia as a result of this distinction. Its population increased from 272 in 2002 and 5,841 in 2010 to 8,771 in 2019.

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Advantages of Magas City Coins

Discover the unique advantages offered by the coins of the city of Magas.

Encourage Local
Consumption in Magas

Boost the Magas economy by encouraging local consumption, avoid relocation and increase the ability of producers to hire.

Promote Magas Savings and
Local Wealth Creation

Promote local wealth creation and savings with the validity of the Magas Coins being limited to a territory and the service of the local economic force (small local shops, local producers, etc.).

Facilitate Economic
Cooperation

Facilitate economic cooperation between you the resident, and Magas. Encourage city manufacturers to reduce the transportation of products and take action against climate change.

Encourage
Social Initiatives

Receive a basic income each month by participating in common actions - selected by the Magas community - for the good of the city.

Reduce Wealth
Inequality in Magas

Provide the vast majority of the newly issued Magas Coins to the residents as a form of universal basic income to reduce the gap between the rich and the poor.

Protect Magas from International
Market Volatility

No need to worry about fueling market speculation with derivative assets. The Magas Coins improve the territory in which they are administered, losing all value outside of it.

RU-IGT PRICE

RUB 1.00

  • $0.27 USD
  • +0.44%

50,671 PTS

Rank

0 / 185

Leader

NYC - 53,057 PTS