MG.Social

An ad-free, web monetized social network that rewards creators.

Post to earn at monetization by Coil and Xumm.

[MG.Social @MGSocialNetwork]

It was a tough decision but we have decided to wind down https://t.co/pRyy1vwrgl operations by the end of this month.

We have been looking at ways to keep the project going but do not see a viable path forward at this point in time.

https://t.co/AjcE95YVWu

[NodeBitsDAO @node_bits_dao]

Good thing there are no recurring fees for #NodeBitsDAO holders!

[MG.Social @MGSocialNetwork]

As promised we have made the Github repositories for MGSocial public so that anyone in the community can carry the project forward if desired:

https://t.co/wo5YJXNaQH

[MG.Social @MGSocialNetwork]

@JojoAzurc We gave away MGS tokens to users as a daily reward (on top of our other forms of monetization) to encourage utilization of the platform.

We did not sell MGS tokens to fund our development. We are burning the undistributed supply of MGS tokens not dumping them.

How are we a rug?

[MG.Social @MGSocialNetwork]

It was a tough decision but we have decided to wind down https://t.co/pRyy1vwrgl operations by the end of this month.

We have been looking at ways to keep the project going but do not see a viable path forward at this point in time.

https://t.co/AjcE95YVWu

[MG.Social @MGSocialNetwork]

@ShiningMan0925 We gave away MGS tokens to users as a daily reward to encourage utilization of our platform. We did not sell them to fund our development.

You can use the token trasher xApp in Xumm to remove your unwanted tokens.

[MG.Social @MGSocialNetwork]

@Tomomalon860 Thank you so much for your support. We loved seeing everyone's content and getting to know you all.

[MG.Social @MGSocialNetwork]

@DenzelRamos20 We are going to make our Github repositories public and open source so that anyone who wants to keep the platform going will be able to.

[MG.Social @MGSocialNetwork]

For those who are sad about MGSocial winding down operations, it looks like there is a new XRPL based social network project launching soon:

[FUZION-XIO™ @FUZION_XIO]

Decentralised Social Media on the #XRPL with Multi-Chain #NFT Marketplace is DAYS away! Let that sink in.

#NFTCommunity #XRPLcommunity #XRP #Polygon #Ethereum

[MG.Social @MGSocialNetwork]

@XonRonPon The token trasher xApp in Xumm will let you burn the tokens.

[MG.Social @MGSocialNetwork]

@wilsontattoo1 Thank you for your support. We enjoyed seeing your content.

We did everything we could to try to make the platform a success. We are opening up our Github code repositories so that the community will be able to continue running and developing the platform if they wish.

[MG.Social @MGSocialNetwork]

@rippleitinNZ @JojoAzurc We used MGS tokens as a daily reward to encourage utilization of our platform.

Market downturn had little to no effect on our revenues. Our revenue was generated by Coil web monetization not by selling MGS tokens.

[MG.Social @MGSocialNetwork]

@MEGAMANXRP Let's see what @Xungible looks like when it launches.

Maybe it will be so good that further action from us will be moot.

[MG.Social @MGSocialNetwork]

@Goodebags Thank you for supporting us!

[MG.Social @MGSocialNetwork]

@IzzyDoesStuff Thank you for your support, we enjoyed your content.

[FUZION-XIO™ @FUZION_XIO]

Decentralised Social Media on the #XRPL with Multi-Chain #NFT Marketplace is DAYS away! Let that sink in.

#NFTCommunity #XRPLcommunity #XRP #Polygon #Ethereum

[MG.Social @MGSocialNetwork]

With MGSocial winding down it looks like there is another XRPL based social media platform that is launching soon for people to check out:

https://t.co/EJO1uMei16

[MG.Social @MGSocialNetwork]

We thank everyone who has supported us over the last 2+ years.

As part of the winding down process we plan to open up all our github repositories and post them here so that if anyone in the community would like to keep the project going they will be able to do so.

[MG.Social @MGSocialNetwork]

@bym02130 Server was having problems but is back up now.

[NodeBitsDAO @node_bits_dao]

Our first #NodeBitsDAO reward distribution is scheduled for July 1st, 2022!

Read about the details in our latest Medium article: https://t.co/2qjQIHmKYV