MAGNET
X11 POS/POW+Masternodes



Our network is designed so anyone can benefit from holding and supporting the coin.
Magnet will be mining oriented. We strongly believe mining plays crucial role in cryptocurrencies and in their security.
We will find a way to run own miners on solar power efficiently and direct our resources at researching the solar-mining tech.



Name: MAGNET
Ticker: MAG



Algoritm:  x11
Type: Hybrid POS/POW
Both running forever after coin has matured

Blocktime: 90 sec per block

Masternodes
Requirement: 10 000
Masternode Rewards: 50% of the mining rewards

POS
Yearly interest: 7%
Min. Staking Age: 24 hours / 960 confirms
Max. Staking Age: 48 days

POW
Blockreward: 200
Blockreward Halving: every 360 000 blocks


Total coins: 144 000 000


250 000 MAGs was extracted in first block for setting up healthy amount (25) of Masternodes before going public.
This is needed for network safety and all future rewards are used to sustain the network.

Mainnet was run 9 days before the official [ANN] to test out masternode behaviour and network strenght.





To Access Magnet Wallet Data Folder

Win
Locate folder %Appdata%/Magnet

Linux
Ctrl+H in Home folder should reveal .magnet folder.
If not - start the wallet and close to create it.

-

Close wallet and open magnet.conf file from data folder.
Paste following code in magnet.conf file.


Save and re-open the wallet for network syncing.



Source Code
GitHub

Slack
https://magnetworks.slack.com/
Slack Invite
For technical attention and problem solving join slack and find a way to #techsupport channel

Twitter
https://twitter.com/magnetwork_io

Magnet Mining Pool
http://magnetpool.io:8080/
stratum+tcp://magnetpool.io:3000

MAGNET will soon be available on www.coinexchange.io

www.magnetwork.io