WEEKLY MAG UPDATE 14/11/18 – 20/11/18
November 14, 2018
November 14, 2018
We are currently in the Swap phase which means Cryptopia, as our official partner, has stopped MAG wallets for maintenance and their tech team is going through our codebase while preparing exchange accounts for swap. This is routine procedure and usually should not take more than 2-4 days to complete. The experienced delay is most likely tied to the infrastructure problems which were reported on @Cryptopia_NZ twitter account.
Our team is focused on updating all MAG services and refreshing the whole visual side. Merchant Tools is almost up to date and http://magnetwork.io/checkmn/ is now fed with the new chain data. Soon we will have a new website with updated roadmap and whitepaper, for now we are waiting for the swap to happen, so we can close up on the technical side of it.
We have asked all testers to shut down their masternodes and the process has already started. We are going to keep the 30 official network masternodes running until the automatic swap is done. The masternode count will be increased for safety as soon as we know exact time of the swap. All rewards collected during that time from the official network masternodes will be airdropped and used for MAG exposure campaigns. After the swap completion, we will discuss and let the community vote on how we should handle the rewards going forward.
During the past days, another question has been on the fingertips of Discord community members: “I missed the swap, did I lose all my coins?”. Let us make it clear that all UTXO (unspent transactions) with a timestamp before the 11th of November are safe and sound. We will have a late Swap option available as soon the automatic one is carried out on Cryptopia so no need for panic.