We are exposing MAG assets to trade on the Stellar Decentralized Exchange to benefit from the following:
Increased reach, liquidity and exposure as MAG will be tradable against any assets available there (MAG-USD, MAG-BTC…).
MAG asset holders on MAG anchor will automatically benefit from staking (PoS rewards) — i.e. staking web wallet service.
Exposure to Litemint users through promoting MAG anchor on the service.
Additionally to being promoted by Litemint wallet, MAG asset deposit and withdrawal to anchor will be integrated into the wallet from day one. Which means people who trust the anchor will automatically be given a MAG address to deposit MAG and will have the option to specify a MAG address to withdraw MAG straight from inside the wallet.
To this end, the wallet service is developed as an ad-hoc service that will support not only MAG assets with staking but also allow any other asset trading. We expect a release soon after the Swap and will share more information and material soon.
