[ANN][MAG] MAGNET - GOES STELLAR - More in description / magnetwork.io

[NGWM]

@ idev

Do you know, what is going to happen with MAG accounts on cryptopia?
Do we ever see any chance to get them back...?
Quite a lot MAG-holders moved their assets to Cryptopia for the SWAP...and now all is gone?

NGWM

[1714649654]

1714649654

[1714649654]

1714649654

[1714649654]

1714649654

[Tomohisa]

@ idev

Do you know, what is going to happen with MAG accounts on cryptopia?
Do we ever see any chance to get them back...?
Quite a lot MAG-holders moved their assets to Cryptopia for the SWAP...and now all is gone?

NGWM

I think the chance of MAG and holders get back all their assets at Cryptopia is... quite slim. I don't know why but feel all Cryptopia do about get your token back is empty talk to stalk time but good luck to holders of MAG anyway.

[cryptonymous_id]

dev, you should do listing to novaexchange (free listing if $mag has listed in cryptopia).
after that you can applly to CMC for listing.

[Crazypeach14]

Cool name, cool project, this cool fellah will follow you..  p3ace!

[awazelal]

Magnet Great Project 🚀

[lexa____1986]

Magnet Great Project 🚀

[cripti7]

Have researched your project, guys. It looks quite unique. Any other docs to read? Maybe a blog or something?

[ant1dot396]

It seems to be a good time for an update on Magnetwork developments lately. As most of the MAG users know by now – our main focus has been Magnet Marketplace to bring more utility and attention to our network.

Currently we are close to finishing the first version of front-end development which is the smaller portion of the whole work needed before we can open the marketplace. When front part of the site is finished, we will start with back-end service integration.

Now a bit more in detail what integrated services has been in the talks.

Essentially anyone will be able to sell their items on magnet.market. For example if you are a digital painter with a huge body of work over the years, you can list all your digital paintings for sale on the marketplace without a middleman. All the sales are going directly to your wallet that only seller has access to. You can also anytime delete the listings or change their price if you choose to do so.

At first we are going to open the marketplace up only for digital items, but in time we are looking to add physical item listings as well as the freelance service listings for creators. While smaller purchases do not have much risk involved for the buyer, that is not the case when dealing with real world items that cost a lot. We looking to make those purchases safer through MAG collateral seal/badge that is available for Magnet Merchants to add to their profile. For example if the merchant deposits 100 000 MAG for their seller collateral, a badge would be added to their listings for that amount. This means if the merchant fails to deliver their goods, magnet.market can resolve the issue for the buyer, using the MAG collateral that was set up by the seller. Same collateral system can be expanded upon to provide escrow service or to make your merchant profile more trustworthy when selling your skills as a freelancer.

Right now MAG can be used to make in-app purchases on Litemint ( by Litemint LLC ) and whenever a purchase is made using any currency listed on Stellar Network besides MAG to buy from a merchant who listed their items against MAG, Stellar Network path payment converts the asset into MAG so the merchant collects their pay in preferred asset. That particular path payment transaction can be seen on the Stellar Network for additional exposure for MAG. With magnet.market, lot more transactions related to MAG network will be happening to bring more attention to our network and services.

All the basic services and listings will be free for marketplace users, but in time we will add premium paid services to cover the marketplace upkeep costs. For example users could showcase their listed items on the marketplace landing page for extra fee and have more eyes on their item to make the sale faster.

Probably most burning question on everyone’s mind about the marketplace is WHEN? This is hard to tell right now. We have moved opening date to Q4 of 2019 in the Roadmap section and we are working hard to meet that deadline.

RUSSIAN COMMUNITY LEADERS.

Last week we appointed new community leaders for russian speaking part of our community in Discord. Their function is to bring news from us to the people in their community who do not speak english and also to ask their questions from us. Users appointed as moderators are – JAɎMƵ #8950 and Aleksander #5915. Always be supportive of others – we are monitoring the russian channel to add more moderators!

[tommy7]

I cannot get the MAG QT wallet to connect...
Is there a list of nodes somewhere ?

[cryptomaxsun]

I cannot get the MAG QT wallet to connect...
Is there a list of nodes somewhere ?

http://explorer2.magnetwork.io
Network

[tommy7]

The wallet doesnt even accept stellar assets MAG , the receiving address from the wallet comes up as invalid when trying to send MAG assets from stellar port , term or interstellar.

[JanpriX]

MAG is going Stellar! Read more here - https://magnetwork.io/mag-goes-stellar/
-snip-

A much needed update for a coin who's been somehow silent in the past weeks. It is quite re-assuring that the devs of Mag are still doing their best to let this coin prosper even in this kind of bear market. Mag holders will definitely be happy about this news. Here are some of the key points from the article.

• 1. For MAG to survive in the coming months, Mag will transition from native currency into an asset on Stellar network.
• 2. One change that will be very beneficial to its users and community - staking is fully supported by the Anchor on Stellar so any amount will stake automatically. You do not need to run a wallet.
• 3. No date yet for the transition.
• 4. 2 OPTIONS TO SWAP MAG TOKENS TO STELLAR - a. With the LITEMINT WALLET and b. With the ANCHOR API

[cryptomaxsun]

Whether there is a information on the swap timing?
What is the deadline?
And is it possible to use a wallet Foxlet?

[synthgauge]

Magnet is stepping on the road of no return. Clever practices have to be undertaken to make it worth a buck. Otherwise the echelon may be derailed and burned in short-lasting flash of light along with a storage of highly octanized FOMO powder it ferries. We need to seat and think. I have a superstition that we, all of us, are flies swarming around a pile of feces with magnets attached to constrict our wings.

[JanpriX]

Hey guys. Just wanted to let you know that the new swap wallet v2.0.0 is already available for download.

"Wallet version v2.0.0 sets all rewards from block #545000 (about 3-weeks from today) to 1 SAT on the old chain. In case you decide to ignore this update – your current wallet will not be able to interact with the MAG anchor and swap with us on Stellar after block 545000."

Read more about the swap process, go to this link.

Code: (LINKS)

https://magnetwork.io/mag-goes-stellar-new-wallet-v2-0-0/
https://github.com/magnetwork/mag/releases
https://magnetwork.io/mag-goes-stellar/

[cryptomaxsun]

downloaded a new wallet, how to swap. which deadline?

[JanpriX]

downloaded a new wallet, how to swap. which deadline?

There are 2 options to swap MAG tokens to Stellar.

1) With the LITEMINT WALLET

The easiest way to SWAP is with Litemint. Go to https://litemint.com and launch the app or download on mobile/desktop.

Enter a PIN to create a new account.
Fund your wallet with at least 2 XLM.
Go to Assets tab and add the MAG asset.
Select the MAG asset and click on receive to get a deposit address.
Send MAG to this address.


2) With the ANCHOR API

Use the endpoint below to get a MAG deposit address. You can then send MAG to the deposit address and the MAG will be swapped automatically to your stellar address.
https://api.litemint.com/.magnet/deposit?address=ENTER_YOUR_STELLAR_ADDRESS

Example:
https://api.litemint.com/.magnet/deposit?address=GDZHYLBNPRNIRDSMPR3PMQKU6CIKUXWCORTKVWOPU44LZESHCY43BS7V
Note: Make sure your stellar account has a trustline to MAG or you will receive an error!
Code: MAG
Issuer: GAACROE4I6LRXKDKAJ4PKGQHRAU43ZDKRBBSNCVYW5TXBP4RAWO62JAH

Code: (SOURCE)

https://magnetwork.io/mag-goes-stellar/

[rendravolt]

downloaded a new wallet, how to swap. which deadline?

There are 2 options to swap MAG tokens to Stellar.

1) With the LITEMINT WALLET

The easiest way to SWAP is with Litemint. Go to https://litemint.com and launch the app or download on mobile/desktop.

Enter a PIN to create a new account.
Fund your wallet with at least 2 XLM.
Go to Assets tab and add the MAG asset.
Select the MAG asset and click on receive to get a deposit address.
Send MAG to this address.


2) With the ANCHOR API

Use the endpoint below to get a MAG deposit address. You can then send MAG to the deposit address and the MAG will be swapped automatically to your stellar address.
https://api.litemint.com/.magnet/deposit?address=ENTER_YOUR_STELLAR_ADDRESS

Example:
https://api.litemint.com/.magnet/deposit?address=GDZHYLBNPRNIRDSMPR3PMQKU6CIKUXWCORTKVWOPU44LZESHCY43BS7V
Note: Make sure your stellar account has a trustline to MAG or you will receive an error!
Code: MAG
Issuer: GAACROE4I6LRXKDKAJ4PKGQHRAU43ZDKRBBSNCVYW5TXBP4RAWO62JAH

Code: (SOURCE)

https://magnetwork.io/mag-goes-stellar/

I prefer the first method because it is very easy and I used to do before. With the PIN it also keeps you logged in.

[JanpriX]

downloaded a new wallet, how to swap. which deadline?

There are 2 options to swap MAG tokens to Stellar.

-snip-

Code: (SOURCE)

https://magnetwork.io/mag-goes-stellar/

I prefer the first method because it is very easy and I used to do before. With the PIN it also keeps you logged in.

Oh, hey there. Good thing to see you here. I really thought that those who invested in MAG in this forum flew away.  . I don't have any preferred method as of the moment because right now, most of my MAGS are held by Cryptopia and I can't do anything about it. Do you have any information on whether they have any timeline for these swap or we can do it any time that we want?

[cryptomaxsun]

I look, there is no activity in the topic.
 Is this token trading somewhere?