Magna is building token distribution software that makes it easier for protocols, decentralized autonomous organizations (DAO) and crypto funds to send and receive tokens, a process that has so far lacked automation and has been prone to error.
“Crypto founders want their stakeholders to get their tokens on-time, correctly, and in a compliant way,” said Faviero, CEO of Magna. “We started Magna to make it easier to start and scale crypto companies, and this is one less thing they have to worry about.”
Faviero says basic infrastructure for Web3 projects – such as token management software – is still lacking compared to the tools available to Web2 technology companies. In Web3, tokens have become the new unit of ownership, and are transacted via blockchains and wallet addresses.
“Magna is solving a pain point that many founders and organizations face today when managing tokens for employees and various stakeholders,” said Jordan Nof, Managing Partner and Co-Founder at Tusk Venture Partners. “Token issuances can create a powerful incentive for stakeholders, but managing the process is still highly manual. Bruno and the team at Magna are creating a platform that will change the future of how companies plan, manage, and execute token distributions.”
📅 Launch Time (UTC)
DeFi, Platform, Vesting, Investment
‼️ Sale Details
- Exchange: TBA
- Token price: TBA
- Token type: TBA
🔗 Social Links
Website | Twitter | LinkedIn