$500K Market Cap – MAG Is Reaching New Heights

MAG Live Market

Along with the first feature release (version 1.2.1), it is exciting to see Magnet market capitalization reaching half a million dollars – only 2 weeks after initial exchange listing.


Magnetize Your Portfolio With Version 1.2.1

The new release brings additional control to masternode owners and addresses some issues:

  • Users now have the ability to “soft lock” the masternode collateral funds. With this option, the wallet will not select collateral amounts as input to new transactions. This behavior can be overridden by using the Coin Control Features and explicitly selecting the collateral funds.
  • The network is still small so node discovery can take some time. We have noticed that, during the discovery, feedback to users was not optimal and this has now been fixed.
  • Important: following an issue with Proof-of-Work mining we have operated a blockchain fork at height 18000 so if you are running 1.1.0 you will have branched out and need to update to at least 1.2.

You can download Magnet wallet releases (1.2.1) from the following links:

Mac version coming soon.

Again, for any support and fast assistance please reach out via our Slack channel were an “army” of good Samaritans is ready to help! (Read more on MAG here)


Frederic Rezeau

I am Frederic, developer with 10+ years of experience working for financial firms in Paris and London specializing in development of real-time trading and brokerage systems.

I am co-founder of Israeli-based video game company Massive Games and founder of award-winning UK-based studio Okijin Ltd.

2014 Honorable Mention Prize Winner – The Linux Foundation and Samsung – Tizen App Challenge.

I created blockonomy.org to throw my two satoshi at a fascinating realm which boundaries spread much beyond technology.

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