Magos (MAG)

• Main reasons for dead coin listing Abandoned or No Volume.
• Started 2017, Ended 2020.
• Social media ended 2020.
• Trading ticker (MAG).
• 50,123,377 Tokens total.
• Not available to trade on any exchanges.
• Was built on Ethereum blockchain.
• Website is still up.
• The Founder/SEO is Ante Magnusson.

Notes

Abandoned coin and no social media.

Links

https://web.archive.org/web/20170905185002/https://magos.io/ https://magos.io/

MAGOS

Our vision is to combine highly accurate forecasting ability of Neural Networks with blockchain technology. MAGOS fund, managed by AI and supervised by our team, will be deployed on the Ethereum platform. Initially operating on prediction markets and sportsbooks, it will evolve and expand into other fields, such as Digital Asset Management, where the forecasts of MAGOS will be applicable and valuable.

What is a Neural Network?

A Neural Network can be described as a software simulation of a biological brain, with a purpose to learn to recognize patterns in big data. Once the network has been trained on data samples, it can make predictions by detecting similar patterns in future data. Because of it’s ability to learn, Neural Network can be called true Artificial Intelligence, or AI.

What is MAGOS?

MAGOS is a complex forecasting model based on a system of five Neural Networks. Each network has its own purpose and their powers combined allows to predict outcomes of events with high accuracy, outperforming the crowd. The backbone of MAGOS is modular architecture that supports upgrades and development of the new features.

What are the results?

The open test of MAGOS started on February, 2017 and lasted 4 months. A third-party site with the open tracking of stats was used. The forecasting of e-sports – one of the largest growing betting markets – was chosen as a testing method.

The results have shown that MAGOS is able to hold a significant edge over the competition, gaining net positive returns after each month of testing, with the overall ROI (Return on Investment) of 28%.

For the more detailed breakdown of testing and results, please read our bluepaper.

Our vision

MAGOS will be generating profits by applying forecasting to various domains on multiple platforms. All the profits will be transferred into the Ethereum smart contract with the following distribution:

• 85% to the token holders
• 10% re-invested back into the MAGOS fund
• 5% used for the operating expenses

The new token functionality in the MAGOS:Initiate release will allow token holders to vote on profit distribution changes.

At the beginning stages, the MAGOS will operate on sportsbooks and conventional prediction markets.

In early 2018, MAGOS will expand to Decentralized Ethereum-based prediction markets, like Gnosis, Augur, and Stox.

Going into the second half of 2018, and the release of a Melonport, a new decentralized version of MAGOS fund will be deployed on the Ethereum blockchain. By using Melon protocol, we will be able to setup a fully auditable and transparent fund, with the open performance tracking. This type of a fund would allow to translate the accuracy of MAGOS forecasts into the reputation growth of the fund in the prediction market and asset management space.

Our main focus in 2019 will be the release of Oraculum portal. It will allow everyone to purchase limited usage rights to MAGOS, and apply it’s forecasting power to the events of their choice. All payments will go into the profit smart contract and distributed accordingly.