Magnito Wallet Whitepaper
1. Introduction
Magnito Wallet is a revolutionary mobile application that combines real-time global alert capabilities with a secure multi-chain cryptocurrency wallet. Our goal is to empower users around the world by providing them with the tools to stay informed and safe in the physical world while also gaining financial autonomy in the digital economy.
2. Problem Statement
Unpredictable physical-world events can disrupt lives and economies. Many regions lack accessible, real-time alert systems. Simultaneously, the increasing adoption of cryptocurrencies demands user-friendly, secure, and versatile wallets that also deliver meaningful utility.
There is a clear need for a unified platform that enhances both physical awareness and financial empowerment.
3. Solution: Magnito Wallet
Magnito Wallet is the first application of its kind to integrate global alerting and awareness features with a full-featured crypto wallet. Built with Flutter and powered by cutting-edge APIs and blockchain technologies, it is designed to serve users globally.
4. Key Features
Global Alerts Feed: Live feed and notifications from public safety APIs, updated in real time.
Crypto Wallet Generator: Instantly generate a secure BSC-compatible wallet.
Real-time Balance Display: Track BNB balance seamlessly via RPC nodes.
Send/Receive BNB: Easily transfer funds from within the app.
$MAG Token Integration: Utility token with built-in functions (see Section 5).
5. $MAG Token Utility
The native token, $MAG, will be launched as a BEP20 token on the Binance Smart Chain. It plays a vital role in the Magnito ecosystem:
Fee Discounts: Use $MAG to pay lower fees when sending transactions.
Staking Rewards: Stake $MAG to earn passive income and support network growth.
User Rewards: Receive $MAG for contributing (e.g., promoting the app, bounty programs).
Voting Rights: Participate in governance by voting on new features, partnerships, and roadmap items.
Premium Features Access: Unlock advanced features like localized alerts, multi-wallet support, and hardware wallet integration.
6. Architecture & Technology Stack
Frontend: Flutter (cross-platform)
Backend/API: Public Alert APIs, BSC RPC Nodes, Shared Preferences for local storage
Blockchain Integration: web3dart for Web3 interaction on BSC
Token Standard: BEP20 ($MAG)
7. Roadmap
Q2 2025: Launch MVP with basic wallet + global alert feed
Q3 2025: Launch $MAG token, airdrop campaign, add staking
Q4 2025: Implement premium features & user reward system
Q1 2026: Multi-chain support (Ethereum, Polygon), integrate donation system for humanitarian response
8. Tokenomics (tentative)
Total Supply: 100,000,000,000 MAG
Allocation:
5% Airdrop
5% Marketing & ecosystem
10% Staking Rewards
2% Team (locked)
10% CEX Listing
68% Liquidity Pool (LP)
9. Conclusion
Magnito Wallet is more than a tool—it is a mission to empower people. Whether you are staying informed about global risks or managing your digital assets securely, Magnito provides a unified platform that adapts to the real needs of global citizens. Through $MAG, we enable a community-driven ecosystem with real utility and impact.
Join the movement. With Magnito, you're not just protecting your assets—you're protecting your life.
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