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Topic: [ANN] InsaneCoin (INSN) 🔷PoW/PoS/CMC 📈 insane.exchange 📈 - page 49. (Read 184404 times)

legendary
Activity: 1176
Merit: 1019
I do not give financial advice .. do your own DD
How much got in staking rewards masternode owners per month?


The rewards are out of whack right now.

The upcoming update will fix them to around 8%.



what i dont understand is why is it fixed 8%? shouldnt it be total mined / 50 % / all mns? so the lesser mns the more payout?!

also i wouldnt lower the mn reqs 2 much, you can have the situation like pivx where staking is more profitable than mns and this makes it kind of absurd

you can always stake, but investing hard in a coin should get rewarded

It isn't going to be fixed at 8% but will actually be higher than that until the master nodes start to build up.

The master nodes will get 80% of minted coins after the update.

and what will the total token creation be? around 11.5 mil right? 80% of those go to mn holder of the next decades?!


Yes, the 30 million hard cap would be reached in about 10 years under the new payment amount.



It might end up being 26 million INSN if the remaining Insanes don't get swapped in time.  Less than 2 weeks left.  

Yeah, I suspect there will be some coins that end up not being swapped by the 11th.

We did swap some coins before the majority of them were sent to Nova for network security and basically to keep the chain moving. In fact, I have kept my old INSANE wallet up and running with coins staking for 2 1/2 months.

https://chainz.cryptoid.info/insane/
(still moving but moving slowly)

We are going to send those old INSANE coins to the burn address on the 12th and the network will die.

hero member
Activity: 770
Merit: 500
How much got in staking rewards masternode owners per month?


The rewards are out of whack right now.

The upcoming update will fix them to around 8%.



what i dont understand is why is it fixed 8%? shouldnt it be total mined / 50 % / all mns? so the lesser mns the more payout?!

also i wouldnt lower the mn reqs 2 much, you can have the situation like pivx where staking is more profitable than mns and this makes it kind of absurd

you can always stake, but investing hard in a coin should get rewarded

It isn't going to be fixed at 8% but will actually be higher than that until the master nodes start to build up.

The master nodes will get 80% of minted coins after the update.

and what will the total token creation be? around 11.5 mil right? 80% of those go to mn holder of the next decades?!


Yes, the 30 million hard cap would be reached in about 10 years under the new payment amount.



It might end up being 26 million INSN if the remaining Insanes don't get swapped in time.  Less than 2 weeks left. 
hero member
Activity: 835
Merit: 500
sr. member
Activity: 406
Merit: 257
BINGO! BOUNTY MANAGEMENT
How much do we need for masternode ?
hero member
Activity: 770
Merit: 500
It's been a while since I checked out the original post.  It looks insanely nice!  Nice work team. Insane is the new normal.
legendary
Activity: 1176
Merit: 1019
I do not give financial advice .. do your own DD
How much got in staking rewards masternode owners per month?


The rewards are out of whack right now.

The upcoming update will fix them to around 8%.



what i dont understand is why is it fixed 8%? shouldnt it be total mined / 50 % / all mns? so the lesser mns the more payout?!

also i wouldnt lower the mn reqs 2 much, you can have the situation like pivx where staking is more profitable than mns and this makes it kind of absurd

you can always stake, but investing hard in a coin should get rewarded

It isn't going to be fixed at 8% but will actually be higher than that until the master nodes start to build up.

The master nodes will get 80% of minted coins after the update.

and what will the total token creation be? around 11.5 mil right? 80% of those go to mn holder of the next decades?!


Yes, the 30 million hard cap would be reached in about 10 years under the new payment amount.

sr. member
Activity: 392
Merit: 250
How much got in staking rewards masternode owners per month?


The rewards are out of whack right now.

The upcoming update will fix them to around 8%.



what i dont understand is why is it fixed 8%? shouldnt it be total mined / 50 % / all mns? so the lesser mns the more payout?!

also i wouldnt lower the mn reqs 2 much, you can have the situation like pivx where staking is more profitable than mns and this makes it kind of absurd

you can always stake, but investing hard in a coin should get rewarded

It isn't going to be fixed at 8% but will actually be higher than that until the master nodes start to build up.

The master nodes will get 80% of minted coins after the update.

and what will the total token creation be? around 11.5 mil right? 80% of those go to mn holder of the next decades?!
legendary
Activity: 1176
Merit: 1019
I do not give financial advice .. do your own DD
How much got in staking rewards masternode owners per month?


The rewards are out of whack right now.

The upcoming update will fix them to around 8%.



what i dont understand is why is it fixed 8%? shouldnt it be total mined / 50 % / all mns? so the lesser mns the more payout?!

also i wouldnt lower the mn reqs 2 much, you can have the situation like pivx where staking is more profitable than mns and this makes it kind of absurd

you can always stake, but investing hard in a coin should get rewarded

It isn't going to be fixed at 8% but will actually be higher than that until the master nodes start to build up.

The master nodes will get 80% of minted coins after the update.
sr. member
Activity: 392
Merit: 250
How much got in staking rewards masternode owners per month?


The rewards are out of whack right now.

The upcoming update will fix them to around 8%.



what i dont understand is why is it fixed 8%? shouldnt it be total mined / 50 % / all mns? so the lesser mns the more payout?!

also i wouldnt lower the mn reqs 2 much, you can have the situation like pivx where staking is more profitable than mns and this makes it kind of absurd

you can always stake, but investing hard in a coin should get rewarded
hero member
Activity: 1036
Merit: 504
I am interested in masternode as well, but not at current price..

Agree with the case that it`s requirements should be changed..

It is possible the master node collateral amount could be changed in the future, we don't really have plans to change it right now.

INSN is going to be so much more than simply just a Master Node coin.

 Grin

Perhaps you could elaborate on that a bit more then just "INSN is going to be so much more than simply just a Master Node coin" ?

Check out the front page of the OP and check to see what is coming: INSANE SPACES. We are all awaiting more information on this and we must be patient. I have a good feeling though it will be big and my poor Wife has been trading all morning since 8 am to make some profit to buy more INSN and her eyes are red. That is how INSANE people get about INSANECOIN at the moment.  Grin
member
Activity: 125
Merit: 10
1, 2, Buckle my shoe ¯\_(ツ)_/¯
I am interested in masternode as well, but not at current price..

Agree with the case that it`s requirements should be changed..

It is possible the master node collateral amount could be changed in the future, we don't really have plans to change it right now.

INSN is going to be so much more than simply just a Master Node coin.

 Grin

Perhaps you could elaborate on that a bit more then just "INSN is going to be so much more than simply just a Master Node coin" ?
legendary
Activity: 1176
Merit: 1019
I do not give financial advice .. do your own DD
I am interested in masternode as well, but not at current price..

Agree with the case that it`s requirements should be changed..

It is possible the master node collateral amount could be changed in the future, we don't really have plans to change it right now.

INSN is going to be so much more than simply just a Master Node coin.

 Grin
legendary
Activity: 1176
Merit: 1019
I do not give financial advice .. do your own DD
How much got in staking rewards masternode owners per month?


The rewards are out of whack right now.

The upcoming update will fix them to around 8%.

sr. member
Activity: 728
Merit: 251
I am interested in masternode as well, but not at current price..

Agree with the case that it`s requirements should be changed..
full member
Activity: 154
Merit: 100
0x3a730F3323481De284C92Ad82764D095f188B41b
A good year
Crazy coins
Crazy new thread
hero member
Activity: 835
Merit: 500
How much got in staking rewards masternode owners per month?
hero member
Activity: 1036
Merit: 504
Hello,

Will the number of INSANE for a masternode be changed?

50000 is a lot for an altcoin with only 18 million supply ..

It makes 340 masternodes active on the network at the most ..

The number of INSANEs for a masternode must be adapted to the available supply.

It is a shame because I like the project but this problem is a problem for me, for decentralization and for the governance you want to implement.

Just my opinion! Wink

Good question for the insane team.  50k is a large amount especially if the remaining 4 million insanes don't get swapped to INSN in time.  Also, when INSN hit's $1 or higher, 50k+ USD will be a lot of money for many.  

It was mentioned in the past that if the price of INSN goes up insanely high then masternode requirements would be reduced. Of course the Team has to come to a consensus on this and we will be back with a candid reply on this at some point in the near future. I am sure Bittzy can clarify on this when He pops back online. Smiley Have an insanely good weekend.

Thank you.

But for me it is not just a question of price.

It is a question of decentralization and governance.

The number of INSANE must be proportional to the total number of INSANE available.

If there can be only 350 masternode, then this is a real problem.

For a network to be decentralized it must have between 3000 and 6000 masternode online.

That is sn interesting point there. I got some cheaper INSANE just now off of Cryptopia Exchange and have one smaller buy order in left which I hope will get executed. I  made a tweet in Chinese and my Wife she will help promote the tweeting also.. https://twitter.com/jamesyan7/status/891201511904215041
hero member
Activity: 1792
Merit: 536
Leading Crypto Sports Betting & Casino Platform
good day InsaneCoin dev team. i can translate the Announcement thread, whitepaper or any webpage of InsaneCoin to Tagalog/Filipino and/or Esperanto languages. I have done many translations on this forum and I can send send links to dev if they want it. thanks and more power to this project !
sr. member
Activity: 1216
Merit: 333
Hello,

Will the number of INSANE for a masternode be changed?

50000 is a lot for an altcoin with only 18 million supply ..

It makes 340 masternodes active on the network at the most ..

The number of INSANEs for a masternode must be adapted to the available supply.

It is a shame because I like the project but this problem is a problem for me, for decentralization and for the governance you want to implement.

Just my opinion! Wink

Good question for the insane team.  50k is a large amount especially if the remaining 4 million insanes don't get swapped to INSN in time.  Also, when INSN hit's $1 or higher, 50k+ USD will be a lot of money for many. 

It was mentioned in the past that if the price of INSN goes up insanely high then masternode requirements would be reduced. Of course the Team has to come to a consensus on this and we will be back with a candid reply on this at some point in the near future. I am sure Bittzy can clarify on this when He pops back online. Smiley Have an insanely good weekend.

Thank you.

But for me it is not just a question of price.

It is a question of decentralization and governance.

The number of INSANE must be proportional to the total number of INSANE available.

If there can be only 350 masternode, then this is a real problem.

For a network to be decentralized it must have between 3000 and 6000 masternode online.
legendary
Activity: 2114
Merit: 1023
Oikos.cash | Decentralized Finance on Tron
Hello,

Will the number of INSANE for a masternode be changed?

50000 is a lot for an altcoin with only 18 million supply ..

It makes 340 masternodes active on the network at the most ..

The number of INSANEs for a masternode must be adapted to the available supply.

It is a shame because I like the project but this problem is a problem for me, for decentralization and for the governance you want to implement.

Just my opinion! Wink

Good question for the insane team.  50k is a large amount especially if the remaining 4 million insanes don't get swapped to INSN in time.  Also, when INSN hit's $1 or higher, 50k+ USD will be a lot of money for many. 

It was mentioned in the past that if the price of INSN goes up insanely high then masternode requirements would be reduced. Of course the Team has to come to a consensus on this and we will be back with a candid reply on this at some point in the near future. I am sure Bittzy can clarify on this when He pops back online. Smiley Have an insanely good weekend.
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