This is a dual token based robotics platform that is powered by Neo and Ethereum smart contract systems. This platform offers the advantages of artificial intelligence and robotics which will help people to make smart purchases based on reliable ICO ratings.
It can be defined as a universe of AI and robotics automation, which offers different benefits to organizations. It is based on NEO and Ethereum which are the two smart contract systems that power this platform. Magnus is a decentralized network formed of AI and offers tools like robotics, sensors and hardware which harness processing power, skills and knowledge of the use of the global market.
Features of Magnus
This multi-layered platform will offer several features such as:
- Magnus Vulcan comprises of Magnus alpha prototypes, IPFS adaptors and allows ERC 20 tokens to be the medium of transactions on this platform.
- The Magnus collective brings forth advantages of robotics that include performance improvements as well as adoption of blockchain across different sectors for aiding technological growth.
- Robotics and AI will be omnipresent across networks and locations.
- It is a platform that allows transactions based on a dual blockchain token.
- Magnus token captures enabling technologies, robotics, AI and automation worldwide and across different sectors.
- The collective has been recognized by leading firms such as BCG, IEEE, LG and Walt Disney.
- It will aid effective adoption of robotics across different global sectors.
The platform’s main aim is to provide a backbone or support system as a decentralized market to function as infrastructure as a service or platform as a service. It would offer software integrations which would showcase the true potential of the platform.
Team of Magnus
The team is led by Arshad Hisham who is CEO and founder of the platform; the collective is based out of Palo Alto in California; Arshad is an MBA as well as an engineer who has worked with several hardware firms and delved in robotics as well.
Eric Egnet is an investor and executive advisor of the firm; he is a seasoned executive who has experience as a business strategist, blockchain leader as well as a media influencer.
Mark Koops is also an investor and advisor to this platform who has worked in crypto currency as well as in the telecom sector. He has experience as a consultant as well as investors.
Roadmap of Magnus
Among the multiple layers of this platform Magnus Vulcan has been formed first, by December 2017 when its blockchain architecture was finalized. Prototypes, pilots as well as partners were formed of the platform with different corporate entities.
Magnus Romulus is set to be formed by July 2018 when the governance model would also be finalized; robotics as well as the AI would be completed of this functional layer. The other layers such as Magnus Klingon are set to be formed by December 2018; Magnus Talaxian will be formed by December 2019. The final launch of all layers of this platform is envisioned to be completed by 2022.
Robotics, A.I and IOT Market: 3 Trillion USD (Estimate, 2017)
Hard Cap: 30 000 ETH
Soft Cap: 1 000 ETH
Sale period: February 5 – Jun 30, 2018
Accepted currencies: ETH, NEO, GAS
Price (NEP-5 / MGSN / NEO): 1 NEO = 679 MGSN ( Approx ) / The rate will be reset one day before ICO open to reflect base rate for 1 MGSN = $0.078
Price (NEP-5 / MGSN / GAS): 1 GAS = 217 MGSN ( Approx ) / The rate will be reset one day before ICO open to reflect base rate for 1 MGSN = $0.078
Price (ERC-20 / MGS / Ethereum): 1 ETH = 620 MGS ( Approx ) / The rate will be reset one day before ICO open to reflect base rate of 1 MGS = $0.66.
Unsold tokens: Will be burned
Emission rate: No new tokens will be created
For ICO (NEO / MGSN / NEO): 500 000 000
For ICO (ERC-20 / MGS / Ethereum): 59 100 000
Supply (NEP-5 / MGSN / NEO): 1 000 000 000
Supply (ERC-20 / MGS / Ethereum): 118 200 000
Symbol (NEO): MGSN
Symbol (Ethereum): MGS
Role of token: Allows transaction between Robotics , IOT and AI Modules. Magnus is a Dual Blockchain Token platform – It is based on Ethereum and Neo. Two types of tokens will be minted ERC-20 tokens and NEP-5 tokens.