Magacoin: pro-Trump cryptocurrency attracts over 1,000 people to sign up


More than 1,000 people have up to now signed up to the pro-Trump cryptocurrency magacoin, together with conservative media personalities and Republican figures, the Guardian can reveal.

The information comes after poor safety configuration in an internet site related to magacoin uncovered the e-mail addresses, passwords, cryptocurrency pockets addresses and IP addresses of customers who’ve purchased in to what its promoters describe because the “digital currency for the MAGA community”.

The information additionally reveals that the lion’s share of the cryptocurrency up to now produced has been allotted to the self-described creator of magacoin, a pro-Trump advisor who owns an LLC related to the cryptocurrency, and a Super Pac related to the identical advisor.

The info, supplied to the Guardian by a self-described hacktivist, unveils the fact across the cryptocurrency whose creators say it’s made “by America First Conservatives out of frustration with ‘Losing the Election’ and a desire to fight back by supporting MAGA candidates”.

The overwhelming majority of these sign-ups have solely 100 magacoins, the quantity provided free in preliminary publicity to early sign-ups who can declare their share of “75 million MAGACOINS”. The web site, echoing widespread rightwing falsehoods concerning the 2020 election outcome, says it selected that quantity “to represent the 75 million voters who were disenfranchised on November 3rd, 2020”.

Other customers, nevertheless, have higher holdings, and a minimum of a few of them might have taken benefit of the cryptocurrency’s Ambassador Program, wherein promoters are providing 1,000 free magacoins to authorised radio hosts, media personalities, bloggers and grassroots teams who sign up to assist promote the foreign money to their viewers.

One account with 1,500 magacoins is related to the e-mail deal with of the rightwing broadcaster John Rush, whose Rush To Reason program airs on Denver’s KXL conservative speak station.

Rush not too long ago performed host on his program to Marc Zelinka, whose Littleton, Colorado-based used automotive firm, Carmart Inc, utilized in April for a trademark for magacoin. Zelinka additionally administers the magacoin Facebook web page, and is credited in conservative social media and on Rush’s present because the creator of magacoin.

Another electronic mail deal with is related to the Youth Federalist Initiative, a Colorado Republican party-associated effort at youth engagement. The electronic mail means that the cryptocurrency is within the possession of Evan Underwood, a Colorado Republican activist, podcaster and chair of the Colorado Federation of College Republicans.

Magacoin has been related in reporting by the Daily Dot with a North Carolina-based Trumpist political operative, Reilly O’Neal, who’s the principal of a North Carolina LLC, Magacoin Inc, which was registered final April.

In a phone dialog, Zelinka, the self-described creator of the cryptocurrency, stated that “I don’t control it any more”, and that he had handed the cryptocurrency undertaking solely to O’Neal.

The Guardian has found extra intensive connections between O’Neal and the cryptocurrency.

Last month, a Super Pac known as Magacoin Victory Fund was registered with the Federal Election Commission. The Super Pac’s essential mailing deal with is a submit workplace field in Raleigh, North Carolina, which can be related to a number of different O’Neal-controlled firms and political entities.

According to North Carolina state data, different firms headquartered on the PO field and solely managed by O’Neal embrace Rightside Lists LLC and Mustard Seed Media LLC – half proprietor of Big League Politics.

On magacoin’s entrance web page and in promotional emails it pronounces that “10 Million MAGACOINS have been donated to the MAGACOIN Victory Fund, a SuperPAC created to support MAGA candidates across the country who will fight for individual rights, religious liberty, protecting the unborn, the 2nd amendment, freedom of speech and the entire America First Agenda”.

The data replicate this present, with 10 million magacoins related to an electronic mail hosted on the area of O’Neal’s political consultancy, Tidewater Strategies. Another Tidewater electronic mail deal with is related to holdings of simply over 2m magacoins.

Another 2m magacoins are related to Zelinka’s telephone quantity and an previous electronic mail deal with of Zelinka’s which alludes to his used automotive dealing.

Previously, O’Neal labored on a number of North Carolina and nationwide political campaigns, together with the marketing campaign of the pro-Trump former choose and accused paedophile Roy Moore.

His political consultancy, Tidewater Strategies, obtained giant sums from principally Trumpist Republican candidates within the final election cycle, a lot of whom failed to win workplace.

O’Neal additionally reportedly has a stake within the far-right conspiracy-minded web site Big League Politics (BLP) by one other of his firms, Mustard Seed Media.

That publication’s editor, Patrick Howley, was discredited on the witness stand within the trial of leftwing activists about whom Howley and others fomented conspiracy theories, so as to shift blame from James Fields after he murdered Heather Heyer after the Unite the Right rally in Charlottesville.

BLP not too long ago ran a major story on magacoin, promising that the cryptocurrency would “create an ecosystem where pro-Trump individuals can support pro-Trump businesses and candidates without using a financial instrument that benefits the globalists”.





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