The one-man project and single dev abandoned the project just as it was unlisted from Bittrex on the 26th of October. Since then there has been no update, no kind of communication from the dev, nor anybody was able to reach out to him. Some mining pools are still up and people are mining but as the project was abandoned it seems to then end of the coin.
Is Magi a Scam?
Disclaimer: Magi Cryptocurrency | Magi ICO
Magi is a cryptocurrency project that issued Magi tokens to its community. Scams in the cryptocurrency space take form in many ways, including exit scams or undedicated project developments.
Is Magi a Scam ICO?
Data on whether Magi conducted a scam ICO, a scam mining operation, or a scam masternode project is cited above from external sources and CoinCurb does not take responsibility for claims against Magi or in support of Magi. The data is only an aggregation of claims cited against Magi.
The above claims about Magi (ICO), Magi’s token, or Magi’s team are externally sourced. They may claim that:
– Magi did an ICO and then exit scammed
– Magi has an undedicated project development after the Magi ICO
– Magi token got pumped and dumped by the Magi team
– Magi is a dead project with a worthless Magi token
However, external claims about Magi project, Magi token, Magi team, or even Magi advisors may not be supported by accusers of Magi ecosystem and thus individuals seeking to learn more Magi team or about the Magi cryptocurrency are recommended to directly contact Magi team members or Magi token investors.
CoinCurb does not itself decide if a project is a scam and thus does not claim Magi is an exit scam or that Magi is any other type of scam, nor does CoinCurb insinuate that Magi (or Magi token) team are scammers or that Magi (or Magi token) advisors are scammers. CoinCurb allows viewers to reference sources related to Magi development, Magi token trading, and/or Magi team as an uncertain reference when deciding if Magi is a scam or Magi is not a scam.