WEEKLY MAG UPDATE 30/10/18 – 6/11/18

October 30, 2018

 

Swap is near!

11 days to go until Swap! At this stage we are coming close to testing phase and everything is going according to the schedule we had in mind. Currently we are setting up testing environments and documenting it for the future, because we are planning to be very open to expanding the team after the Swap. There have been questions about the new chain parameters and reward distribution, next MAG Weekly Update we will go more in depth on this topic. Meanwhile make sure to move your MAGs to your https://www.cryptopia.co.nz/ account to participate in the Swap happening in 11 days!

Read more at – https://magnetwork.io/swap/

This week we give you a sneak peek of the upcoming wallet with the Merchant Integration. We decided to integrate the Merchant Tools for this first release as it provides a convenient way for merchants to check their accounts, but it also increases user exposure to the service. The new wallet users can check the merchant network stats, and those registered as merchant can login and view their invoices and balance directly from the Merchant Panel. You can always disable the Merchant feature from Settings if you do not plan (or wish) to use it.

This video shows new Magnet wallet that is work in progress and does not represent the final version of it.

We have decided not to look for Merchants to be added to our Merchants List at this time, because we feel that there is no need to take the new users through the Swap process, but we will actively start pursuing Woocommerce Merchants after the Swap is done. We have a extensive list of WooStores compiled for this purpose and we will handpick shops to approach according to community needs.

Litemint web/mobile wallet will be released shortly after the Swap. Last week a more in depth overview about the service was published so make sure to read through it for more information – https://magnetwork.io/blog/more-on-magnet-and-litemint

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