EF Hutton Starts Meggacoin, Allowing Users to Mine Crypto Via MeggaLife Social Apps

EF Hutton Declares Plan to Launch MeggaCoin, Allowing Users to Mine Crypto Via Social Apps

On Monday, September 17, stock brokerage firm, EF Hutton announced its plans to launch private utility token, MeggaCoin. The release date has been scheduled for October 1st, 2018, with claims of token mining achievable through the “MeggaLife Family of Social Apps”.

As per a published report, MeggaLife.com was created with the intentions of ensuring that users get compensated for the sharing of their data, as well as their presence on social media. As a reward, the social platform decided it would allow its users to mine the token itself.

Getting paid is supposedly simple, as reported by Globe News Wire, who noted that users can “bank their coin” in an EF Hutton account. Once users manage to hold about 20 million MeggaCoins, they will be given the opportunity to convert their holdings into cash, which will be conducted via an independent trust called MeggaTrust.

How to Get Started

Interested in getting paid for your data and social media presence? The team involved has supposedly made the entire task of mining the token to be as simple as possible, attracting investors of all expertise levels. Users are not required to set up a digital wallet, as the token accumulation can be done via EF Hutton’s accounts, which are tax-deferred. As for getting started, users are clearly required to set up an EF Hutton account, which only takes five minutes.

Interesting Factors that Make this Project Reasonable and Favorable

Regulated Firm

What makes an EF Hutton account attractive is the fact that the firm itself is regulated, compared to the many crypto businesses that fail on this criterion.


Similarly, users are dealing with a platform that offers low costs, as one only has to invest a one-time fee of $5, which is nothing compared to growing transaction fees.

Various Mining Plans to Choose From

Next, four different MeggaCoin mining plans have been offered that best reflect individualistic needs and capacities.

MeggaCoin Backed by a Trust and Emphasis on Privacy

When it comes to social media platforms, privacy is something that users tend to value, especially considering the multiple times giants within the industry have compromised user data. Based on the claims made, MeggaLife.com social Apps is managed by an independent Trust consisting of independent third-party trustees. The platform has also made it clear that “personally identifiable data” are never sold, adding that “the privacy policy prohibits sale to advertisers as well as to prospective partners.”

Commenting on the potential MeggaCoin has in benefiting a wide range of players is the CEO of EF Hutton, Chris Daniels. Daniels states that the time has come for users to decide between two options, which are:

“Either: give your data to the giant social media companies for free or use MeggaLife to mine MeggaCoin and Bank the full value of your social data and online social activity.”

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


  1. I love this idea! Why should somebody else get paid for what I do online!?! The idea that I will earn coins that I can later redeem for money by doing what I already do online is GREAT! This is better than earning credit card points because I have to spend money to earn them. With this, I can get in on the crypto craze and bank coins for my future every time I wish someone a “happy birthday “, share a recipe or funny video, or comment on a friend's post. I'M IN!


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

China’s National People’s Congress (NPC) Suggests a Government-Backed Blockchain Fund

The National People's Congress (NPC) in China has proposed the creation of a government-backed blockchain fund in its ongoing annual meeting. The Chinese legislative body...

The Mysterious Entity that Caused the Bitcoin Network fees to Jump 146% in May

Bitcoin price has yet again taken a dive to $8,800, recording a drop of 4%. Meanwhile, Network Demand Score which is a metric incorporating network...

Ledger and Trezor Crypto Wallets Dismiss ‘Rumored’ Hack Through a Shopify Exploit

A hacker has allegedly compromised the databases of Ledger, Trezor, Keepkey and Shapeshift hard wallets in a Shopify exploit. These storages are considered to...

Tulip Trust Addresses are Used by Someone to Sign “Craig Wright is a Liar and a Fraud”

Some of the addresses that Craig Wright, who claims himself to be the pseudo-anonymous bitcoin creator Satoshi Nakamoto, has filed in the ongoing court...

Bitcoin Market Outlook: A Long Game Looking Bearish in the Short Term

Last week, the price of bitcoin dropped below $9,000 and has been trading under $9,300 throughout the week. On the weekend, we yet again dropped...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today