The launch of the cryptocurrency, which was developed by supporters of Donald Trump final week, appeared to have failed due to compromised web site data. User info together with IP tackle, e-mail tackle and password was compromised.

Approximately 75 million MAGACOIN generated to help Pro-Trump candidates in 2022

It is thought that MAGACOIN is known as after the well-known marketing campaign slogan of former President Trump “Make America Great Again – Make America Great Again”. Website of the undertaking claims MAGACOIN was based by conservative America First out of frustration on the election defeat and a want to help MAGA candidates with symbolic income in 2022.

An nameless hacker stated greater than 1,000 individuals signed up to obtain the token, together with Republicans and plenty of conservative media celebrities, with the vast majority of holders proudly owning round 100 MAGACOIN.

Project founder Marc Zelinka is claimed to maintain 2,000,000 MAGACOIN, together with Reilly O’Neal, a pro-Trump advisor who’s at present main the undertaking. Approximately 75 million MAGACOINs have been created, representing the 75 million voters who on third Trump supporters believed the elections have been rigged on the time.

The undertaking at present presents 100 MAGACOIN to everybody who registers. Some accounts which have extra tokens are stated to have acquired rewards from the undertaking’s advertising campaigns. In it, they offer 1,000 MAGACOIN freed from cost to well-known names within the media and radio presenters to promote the coin.

In addition, John Rush, the host of the present “Rush to Reason”, additionally has an account of 1,500 MAGACOIN. Rush reportedly interviewed Zelinka’s founder on an episode of the present not too long ago. However, Zelinka stated he “no longer manages MAGACOIN” and has transferred energy to distinguished North Carolina political operator Reilly O’Neal.

SuperPAC – a super-political motion group – can also be concerned within the undertaking and is named “MAGACOIN VICTORY FUND”. You have acquired 10 million MAGACOIN donations to help MAGA candidates throughout the nation who will combat for particular person rights, freedom of faith, freedom of expression and the complete funding agenda. SuperPAC’s mailing tackle is claimed to be the identical location as a number of different firms and political teams operated by O’Neal.

Although MAGACOIN is a pro-Trump undertaking, the previous president has not expressed any stance. People are actually eagerly awaiting Trump’s response as he’s recognized to be a crypto hate. Trump acknowledged final month that “Bitcoin appears to be like like a rip-off. I do not prefer it as a result of it is a totally different forex that competes with the greenback. “

Veronica

According to Cointelegraph

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