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Topic: ★[ANN] [NAV] NAV COIN - Community Fund Live!!! - page 483. (Read 2085654 times)

legendary
Activity: 1223
Merit: 1000
Navajo dev team : please release the full decentralized anonymous technology BEFORE even talking about masternodes and making people buy their entry fees to get one. Same as the NAV Cooperation System.  No way I would even consider grabbing the few K's missing to get to 250k for the elite club and/or masternode before seeing finally the fully decentralized anonymous tech that was so hyped, so promised... and so delayed.  regards.


This coin will live or die this month imo. too much other innovative competition starting to appear.

What coins are you talking about, if its about anon tech ?

Cloak ?
legendary
Activity: 2165
Merit: 1002
Who sells tens of thousands of NAV at such ridiculous prices the week a new release is expected?
I hope the attempt to manipulate the price blows up in their face.

But for the love of god, please make the release this week
newbie
Activity: 24
Merit: 0
Navajo dev team : please release the full decentralized anonymous technology BEFORE even talking about masternodes and making people buy their entry fees to get one. Same as the NAV Cooperation System.  No way I would even consider grabbing the few K's missing to get to 250k for the elite club and/or masternode before seeing finally the fully decentralized anonymous tech that was so hyped, so promised... and so delayed.  regards.


This coin will live or die this month imo. too much other innovative competition starting to appear.

What coins are you talking about, if its about anon tech ?
hero member
Activity: 714
Merit: 500
Navajo dev team : please release the full decentralized anonymous technology BEFORE even talking about masternodes and making people buy their entry fees to get one. Same as the NAV Cooperation System.  No way I would even consider grabbing the few K's missing to get to 250k for the elite club and/or masternode before seeing finally the fully decentralized anonymous tech that was so hyped, so promised... and so delayed.  regards.


This coin will live or die this month imo. too much other innovative competition starting to appear.
legendary
Activity: 1111
Merit: 1000
crypto-enthusiast since 2012
Navajo dev team : please release the full decentralized anonymous technology BEFORE even talking about masternodes and making people buy their entry fees to get one. Same as the NAV Cooperation System.  No way I would even consider grabbing the few K's missing to get to 250k for the elite club and/or masternode before seeing finally the fully decentralized anonymous tech that was so hyped, so promised... and so delayed.  regards.
legendary
Activity: 1050
Merit: 1000
Curious to see what the outcome of this will be, keep up the good work!

I thank you for the address that was given, the dash's whitepaper was an interesting read.

Here as a reference it is the text part that concerns the formula for the ROI of a masternode:

Quote
Due to the fact that the Masternode rewards program is a fixed percentage and the
Masternode network nodes are fluctuating, expected Masternode rewards will vary according
to the current total count of active Masternodes. Payments for a standard day for running a
Masternode can be calculated by using the following formula:
 
  (n/t) * r  * b * a  
 
Where:
n is the number of Masternodes an operator controls
t is the total number of Masternodes
r is the current block reward (presently averaging about 5 DASH)
b is blocks in an average day. For the Dash network this usually is 576.  
a is the average Masternode payment (45% of the average block amount)
 
Return on investment for running a Masternode can be calculated as  
 
((n/t) * r * b * a * 365) / 1000
 
Where variables are the same as above.


But please be patient, there is still the initial question that is not clear to me:
from what I understand, the DASH miners have to pay 45% of what they earn for each
block found to masternode. But Dash is a coin purely POW, while Nav now is purely POS.

This means that the reward for masternodes will come from a cut of the POS reward of all?

Please tell me that I was wrong.

Bye Bye


I think you're one step ahead of the whole Masternode thing. DASH made their source code open source, so anyone can use and alter the DASH Masternode source code to their liking. So it's completely dependant on how the NAV team will implement Masternodes, if they're even going to use the DASH source code at all or write something themselves from scratch. Right now I believe it's a bit too early to discuss the implementation of Masternodes, we don't have enough information on that topic yet.

But you definitely got a point there. Will be interesting to see how the NAV team is going to surprise us. Smiley

Ok so I read the code can  be  revealed in the above scenario. This has many implications to security. I know security is  an extremely high  priority for the Navajocoin Anonymous Development team. The other  alternative is to get an expensive third party verification of  the  code and then have 0 masternodes. Then the other alternative is   reveal the code and Free verification as many can tweak the code for  their masternode setup it  can be verified by any third party. Witch solves a problem of trust in the  system in a Anonymous transaction overall . I hope  i make since

Regardless the implementation is going to make a huge difference to daily  volume dependent on what is chosen. It could be already finished or just starting only they know  On the other hand this could be a new birth of new code in how  Masternodes run that is tweakable but only exclusive to how  Navajocoin  works  and  only  compatible with Navajo Coin. This is why I started this topic on this  forum this is what I  personally think about in my next  round of investing. The  decisions of implimentation will  influence what I do.Thats why im relaxed but excited as well. Please  continue this topic as its  very  important to ultimate daily volume

Also please let me know of im right or wrong totally in the write direction or wrong . Just dont stay silent ......
hero member
Activity: 882
Merit: 500
99 wallets from rich list top 100 have 100k+ Nav.
I dont know how working Masternodes and how many we need them to have good nethwork MN's so I dont know how many Nav make one Masternode.
100-200k coins ? 100 k is easy buy but I dont know what we want easy and many masternodes or more worth and some less number MN's.
Dont know I think depend it from how many Masternodes Navajo coin need now and in future when price will be rise.
So I think is important decision.
hero member
Activity: 525
Merit: 510
Curious to see what the outcome of this will be, keep up the good work!

I thank you for the address that was given, the dash's whitepaper was an interesting read.

Here as a reference it is the text part that concerns the formula for the ROI of a masternode:

Quote
Due to the fact that the Masternode rewards program is a fixed percentage and the
Masternode network nodes are fluctuating, expected Masternode rewards will vary according
to the current total count of active Masternodes. Payments for a standard day for running a
Masternode can be calculated by using the following formula:
 
  (n/t) * r  * b * a  
 
Where:
n is the number of Masternodes an operator controls
t is the total number of Masternodes
r is the current block reward (presently averaging about 5 DASH)
b is blocks in an average day. For the Dash network this usually is 576.  
a is the average Masternode payment (45% of the average block amount)
 
Return on investment for running a Masternode can be calculated as  
 
((n/t) * r * b * a * 365) / 1000
 
Where variables are the same as above.


But please be patient, there is still the initial question that is not clear to me:
from what I understand, the DASH miners have to pay 45% of what they earn for each
block found to masternode. But Dash is a coin purely POW, while Nav now is purely POS.

This means that the reward for masternodes will come from a cut of the POS reward of all?

Please tell me that I was wrong.

Bye Bye


I think you're one step ahead of the whole Masternode thing. DASH made their source code open source, so anyone can use and alter the DASH Masternode source code to their liking. So it's completely dependant on how the NAV team will implement Masternodes, if they're even going to use the DASH source code at all or write something themselves from scratch. Right now I believe it's a bit too early to discuss the implementation of Masternodes, we don't have enough information on that topic yet.

But you definitely got a point there. Will be interesting to see how the NAV team is going to surprise us. Smiley
hero member
Activity: 1194
Merit: 502
Curious to see what the outcome of this will be, keep up the good work!

I thank you for the address that was given, the dash's whitepaper was an interesting read.

Here as a reference it is the text part that concerns the formula for the ROI of a masternode:

Quote
Due to the fact that the Masternode rewards program is a fixed percentage and the 
Masternode network nodes are fluctuating, expected Masternode rewards will vary according 
to the current total count of active Masternodes. Payments for a standard day for running a 
Masternode can be calculated by using the following formula: 
 
  (n/t) * r  * b * a  
 
Where: 
n is the number of Masternodes an operator controls 
t is the total number of Masternodes 
r is the current block reward (presently averaging about 5 DASH) 
b is blocks in an average day. For the Dash network this usually is 576.  
a is the average Masternode payment (45% of the average block amount) 
 
Return on investment for running a Masternode can be calculated as  
 
((n/t) * r * b * a * 365) / 1000
 
Where variables are the same as above.


But please be patient, there is still the initial question that is not clear to me:
from what I understand, the DASH miners have to pay 45% of what they earn for each
block found to masternode. But Dash is a coin purely POW, while Nav now is purely POS.

This means that the reward for masternodes will come from a cut of the POS reward of all?

Please tell me that I was wrong.

Bye Bye

sr. member
Activity: 621
Merit: 250
100k  is better  option  to attract  new  investors .


what new customer? everyone already left.

500 sat soon

our well-known fuders came back uhuhuu! it is always a good sign:) I remember before Anon release there were many of them. And all their false stories hahha .Good times are coming back:)

Guys,if you want to have an influence on navajo developing ,please come to the investors group:Smiley
hero member
Activity: 525
Merit: 510
yes true , but me too want to know something how does it work.
Could anyone explain how does masteenode work?
To add up to that: How many coins will there be required to start a Masternode?
We haven't made final decision on that yet, one option we have been thinking about is 100K and the second one 250K - same as amount needed for joining investors group.
Cheers Wink

~ Strugg

Thanks for the answer.

Maybe both amounts you mentioned are suitable options. Where 250k NAV Masternodes generate more profit than 100k NAV Masternodes, just a quick thought. But if you decide to stick to one type of Masternode I would say go with the lesser one (100k) as this makes NAV more accessible for new people/investors.

Curious to see what the outcome of this will be, keep up the good work!
hero member
Activity: 659
Merit: 500
Zepher is scammer!:)
Hello Navajo friends! Smiley Today on trex looks like someone push the price down, to buy more- is my opinion! We need good news -then price goes up...
full member
Activity: 167
Merit: 100
100k  is better  option  to attract  new  investors .
sr. member
Activity: 621
Merit: 250
yes true , but me too want to know something how does it work.
Could anyone explain how does masteenode work?
To add up to that: How many coins will there be required to start a Masternode?
Anyone from the DEV team that can answer my question?

We haven't made final decision on that yet, one option we have been thinking about is 100K and the second one 250K - same as amount needed for joining investors group.
Cheers Wink

~ Strugg


Is it possible that investors group will vote for final the decision?


Agree with Chemal!

Of course, that will be the first voting reserved for investors group Wink
Cheers

~ Strugg


Perfect!
legendary
Activity: 882
Merit: 1000
NAV Coin [NAV]
yes true , but me too want to know something how does it work.
Could anyone explain how does masteenode work?
To add up to that: How many coins will there be required to start a Masternode?
Anyone from the DEV team that can answer my question?

We haven't made final decision on that yet, one option we have been thinking about is 100K and the second one 250K - same as amount needed for joining investors group.
Cheers Wink

~ Strugg


Is it possible that investors group will vote for final the decision?


Agree with Chemal!

Of course, that will be the first voting reserved for investors group Wink
Cheers

~ Strugg
hero member
Activity: 687
Merit: 500
yes true , but me too want to know something how does it work.
Could anyone explain how does masteenode work?
To add up to that: How many coins will there be required to start a Masternode?
Anyone from the DEV team that can answer my question?

We haven't made final decision on that yet, one option we have been thinking about is 100K and the second one 250K - same as amount needed for joining investors group.
Cheers Wink

~ Strugg


Is it possible that investors group will vote for final the decision?


Agree with Chemal!
legendary
Activity: 1050
Merit: 1000
I agree it is a good idea to vote for required amount of navs.
I am wondering what profit is possible to achive with masternodes.
Does anyone know how is the situation with masternodes in other cryptocoins?
Masternodes are originally created by DASH. From a DASH perspective: Yes they're very profitable, especially now with a price rise of +25% it's a 'gold-mine'. On average a Masternode holder earns 2-3DASH per Masternode every few days. So for example: I run 7 Masternodes, so at best I would earn 7 x 3 = 21DASH every few days.

Converted to current DASH/USD price that's 21 x $ 4,25 = $89,25 every few days. Also keep in mind that running a Masternodes requires you to run a VPS that also costs money. They're very inexpensive, at least some of them are: www.vultr.com Smiley

Thanks for the  Link and advice with this cost of  running  Masternodes on the VPS. I  can know slowly add up the outlay required . I can also see ill need some amount of minimum NAV to be considered.  BTC price is rising as well and plenty to think about  Smiley
sr. member
Activity: 621
Merit: 250
yes true , but me too want to know something how does it work.
Could anyone explain how does masteenode work?
To add up to that: How many coins will there be required to start a Masternode?
Anyone from the DEV team that can answer my question?

We haven't made final decision on that yet, one option we have been thinking about is 100K and the second one 250K - same as amount needed for joining investors group.
Cheers Wink

~ Strugg


Is it possible that investors group will vote for final the decision?
legendary
Activity: 882
Merit: 1000
NAV Coin [NAV]
yes true , but me too want to know something how does it work.
Could anyone explain how does masteenode work?
To add up to that: How many coins will there be required to start a Masternode?
Anyone from the DEV team that can answer my question?

We haven't made final decision on that yet, one option we have been thinking about is 100K and the second one 250K - same as amount needed for joining investors group.
Cheers Wink

~ Strugg
hero member
Activity: 525
Merit: 510
Thank you for the explanation, finally some data on which we can be able to reason.

But one thing I do not understand, where they come from these gains?
From the normal transaction fee? by a percentage of those anonymous?
There is a mandatory fee increase?

And how many real transactions per day are needed to get those revenues?

Bye Bye
I recommend you to study DASH a bit, to get a better understanding of how it works. (More information here)



yes true , but me too want to know something how does it work.
Could anyone explain how does masteenode work?
To add up to that: How many coins will there be required to start a Masternode?
Anyone from the DEV team that can answer my question?
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