MGW (MGW)

• Main reasons for dead coin listing Abandoned or No Volume.
• Started 2014, Ended 2016.
• Social media ended 2016.
• Trading ticker (MGW).
• 1,000,000 Coins total.
• Not available to trade on any exchanges.
• Was built on standalone blockchain.
• Website is down.
• The Founder/SEO is Unknown.

Notes

"From MGW Website" Multigateway (MGW) is a third party service developed on top of the NXT network that allows you to move cryptocurrencies in and out of the NXT Asset Exchange, the peer-to-peer exchange that offers decentralized trading with no trading fees. MGW creates a unique deposit address for your account, for each of the supported coins. When you send coins to that deposit address, MGW will deliver to your Nxt account the same quantity of coin assets to your NXT account. Coin assets can be traded in the NXT Asset Exchange like any other asset: you can buy them with NXT, sell them for NXT and send them to any other NXT user with the fast speed of the NXT network. Similarly, MGW allows you to easily withdraw your coin assets back into your corresponding coin wallet, with the lowest withdrawal fee in the market – equivalent to the minimum transaction fee for the coin. Every coin asset is equivalent to one coin. The coin assets are backed up by the coins deposited in MGW, stored by the three MGW servers in multiple multisignature accounts for every supported coin. In a multisignature account, the same address has several associated private keys or signatures. This means the servers have to agree, each of them providing their signature, in order to process the coin transactions – similar way to a joint bank account. The use of multisignature accounts and independent servers is what makes MGW more secure than any traditional centralized exchange account.

Links

https://coinmarketcap.com/currencies/mgw/ http://multigateway.org/