For the US Presidential elections, around 75 million MAGACOIN had been developed to promote pro-Trump candidates for the year 2022. Although, a data breach on the cryptocurrency website has spoiled the launch of the crypto token created by Donald Trump’s supporters.
The Information About The Website Data Breach
As per The Guardian, the user information inclusive of the email addresses along with IP addresses and the passwords were breached from a poor security configuration on the website of the project. The crypto token is named MAGACOIN, which takes its name from the slogan given by Trump “Make America Great Again”.
The project as per the claims of the website intends to come up with something that is based on the frustration of loss in the last elections and the agenda to win and support the MAGA candidates in the upcoming elections of 2022. Moreover, the project also aims to gather some profits through the coin.
More Information on the MAGACOIN Project
A source to a reputed news website has stated that the project had affirmation from 1000 people that includes the Republican figures along with other conservative personalities from the media. Most of these people had at least 100 MAGACOIN tokens. The project holder, who is the former salesman of a used car has ownership of 2 million MAGACOIN.
This amount is also partially owned by Reilly O’Neal, who is a pro-Trump consultant and one of the operators of the project. The project currently gives 100 MAGACOIN to anyone, who joins the program. Despite being a Trump-Supporting project, the case has aroused several notions following the former president’s disapproval of cryptocurrency. In his recent views towards Bitcoin, Trump stated that the concerned token is no less than a scam as it attempts to fight against Bitcoin.
