IMO, I would actually like to see 1000 Kore per masternode, reasoning that it will reduce the nr of masternodes running so the rewards would be more beneficial to big investors, since its splitted between less mn's. 500 mn's would then lock up 500 000 Kore which is 1/4 of the supply. BUT I'm sure less coins has some advantages as well. Will see I'm no dev nor coder
This site is nice for some comparison, only makes you realize how cheap Kore mn's currently are
https://masternodes.pro/Interesting thing is I see is that dash has 59% of the supply locked up in mn's
4549mn's on supply of 7 583 000, cost per mn 1000/ $346 000
I still think 500 coins per mn is the sweet spot. That's what I'd like to see it come in at.
Thanks for your posts and link.
We were actually in meeting just now once again going over the "math" doing % on PoS/Masternodes.
There is much to consider and the algo, tech computations do not work as simply as most coins state
which means there are PoS coins and Masternode coins posting a % and it could vary huge up and down.
The difference is KORE/The Team will tell you that. Most others won't.
The Wallet dev even found flaws in PoSv3 that he has corrected.
We are doing our best to have KORE be attractive for PoS miners as well as Masternode operators.
Then you have to consider amount of total coins, barrier to entry, price and how many coins will be staking.
None of which you can with any definitive degree of accuracy.
MikeMike
EXAMPLE:PIVX Masternode costs at current 10,000 coins 43,200 USD.
Payout per year at todays price is 1,620 USD per year.
This means the PIVX masternode brings in 4.8% per year and will take 21.11 years for ROI.
The Team believes the ROI should be around 8-12 years.
Im sure the price fluctuations could make these computations null and void.
But it makes my point.
DASH is around 8% per year.
Am I correct in saying that MN holders will earn on obfuscation and netwrok fees as well? Can you please elaborate on the earning sectors of mn holders. Thanks. Sry I'm a masternode noob
Hiya BitWhat,
Now that is a fitting nic in this circumstance!
MNWhat? is more like it and I too have been learning much... so no worries...
There is no stupid question but the one not asked, and this is deeper info.
The Obfuscation and network fees for the Masternodes will be burnt.
It is small amounts but still decreases the supply.
The "Masternodes" are for the Obfuscation and Governance only.
The "Servicenodes" are for services and we are not disclosing them at this time.
MikeMike
Here is some info from the OP page:
Pure Tor Masternodes/Servicenodes a World First:
Tor Service nodes are currently in testing and will provide services to users.
Tor was chosen to increase privacy of users as it obscures your IP enabling use of services without fear for privacy.
Obfuscating your coins from being tracked by a unique mixing feature by traditional Masternodes:
Masternodes use this function to automatically break up private transactions into indistinguishable
multiple identical transactions, this adds complexity to the original transaction and obfuscates
the proof of any particular amount and hides the IP of those who mix the coins with you through their Masternodes.
Decentralized Governanc by traditional Masternodes:
To guarantee the long term sustainability of the blockchain, the network keeps a portion of the block rewards,
network subsidizes approved proposals, the Masternode operators are tasked to act as stewards and invest in the maintenance
and expansion of the network. This results in faster development and promotion, creating a cycle that benefits all involved.
Most importantly, this gives the blockchain itself a self-preservation mechanism that is beyond the control of any individual.
The system works as a decentralized voting mechanism,
where budgets for specific projects are proposed, then the Masternodes as a whole vote on them.
Each project, if approved, is added to the total budget and paid directly from the blockchain to the person(s) doing the work.
With this, we can hire more core developers, marketers and other essential personnel
paying them directly after approval of the work in a decentralized fashion.
. Looking forward to seeing how the development progresses. Is there any sort of place where I can see development progress or timetables? Or that doesn't exist yet/won't?
