Announcing CatoCoin Shared Master Nodes
The price of a CatoCoin Masternodes is nearly $8,000 USD due to the organic price rise from our
introduction of 'NextGen Technology'
We understand for some that's a hefty investment, so today we're announcing The CatoCoin Shared Masternode
Service which will begin on Saturday 7/11/18
You may reserve your spot on our Discord Channel in the shared-masternodes section.
To sweeten the pie, each shared master node will also benefit from 1,000 staking coins
added to the collateral for increased ROI.
Please see the details below - thank you.
Shared Masternode Announcement
Here at Catocoin we don't do anything by the book. Basically there is no way to offer a FAIR shared MN Service. It's impossible due to the fluctuating price of coins (In our case the constantly rising price of coins). We've gotten at least a half a dozen proposals from Shared MN services and we have not liked a single one.
All of them want US to put THEM in business by giving them OUR coins - yea right... not gonna happen! Many of them take as much as 30% - that's nuts..20% is reasonable to us.
So we are starting our own shared MN service with some of the pre-mined coins which are currently sitting idle in Cold Storage
This is how it will work;
The Shared MN will be started with 2,400 coins - the current required collateral.
1. You can buy-in up to 2,400 coins at the CURRENT ASKING PRICE ON CB. You do not need to buy from CB, you can buy from us at the current asking price.
2. Minimum buy-in is 1 Seat (120 coins) - 120 coins are currently .072 BTC on CB
3. There will ONLY be weekly payouts - no sooner (Saturday or Sunday we will decide).
4. You can ONLY Cash-out at the end of the week. No mid week Cash outs. A Cash out is your % of earnings for the week plus your buy-in number of coins - minus 20%. Example: if you bought in for 240 coins (100% of 2,400 collateral) you'll get 240 coins back plus your earnings for the week - minus 20% of your earnings. You'll always get your original number of coins back.
5. We do not and will not reinvest your coins - there is no 'let it ride' option. If you want to stake your weekly earnings put them in your wallet and let them stake there.
6. Once we have sold all 2,400 coins we may or may not offer a 2nd shared node at the "then required collateral".
7. You will be given the address of the Masternode wallet so you can see how many coins are in the wallet at any time to calculate your % of earnings based on your % of ownership which will be disclosed to you at the time of purchase. If we are getting close to the required collateral, we MAY LIMIT your % of ownership.
8. You may only buy in once per week and your buy-in starts on the payout day. We will not accept mid-week buy-ins to keep the accounting simple.
9. Because we are nice people we are going to start the shared MN with and additional 1,000 coins to get you some stake coins.
10. The number of coins you earn weekly is based on your % of ownership and is calculated as follows: (Wallet-Balance - (2,400 + 1,000) * your % of ownership) -20% of the weekly profit.
11. We take 20% of all earnings - 10% for our server costs and 10% for the person who will run, monitor & manage the Masternode and do the weekly distributions.
We have reviewed about half a dozen Shared Master Nodes agreements and we think ours is better than all of them PLUS we throw in staking coins which none of them do and there's no change of us running off with your coins, because we don't need them. We just want to give more people the opportunity to share in the rise of CatoCoin.
====> IF YOUR ARE GOING TO RESERVE, PLEASE SPECIFY # OF COINS - THIS WILL GIVE US AN IDEA OF HOW MANY MASTERNODES WE NEED, NOT HERE ON DISCORD PLEASE
First Masternode goes live in Saturday July 14, 2018
Join us on discord: https://discord.gg/CtpmYtG
