URLs Website: https://oxid.io Explorer: http://explorer.oxid.io:3001 Twitter: https://twitter.com/oxidcoin Discord: https://discord.gg/NucWZP2 GitHub: https://github.com/oxidcoin/oxidWhat is Oxid Coin? Oxid Coin is decentralized cryptocurrency that utilizes a peer-to-peer technology to operate with no central authority or banks.
Oxid Coin is a base to OXIDEX Decentralized Crypto Portal, powered by a network of Miners, Staking Nodes, Masternodes and Supernodes. Miners helped to kick off the blockchain and will be supporting the network until the full Proof-of-Stake (POS) transition. Staking Nodes protect the network via POS mechanism. Masternodes and Supernodes are the backbone to Oxid's network storing and serving the blockchain to the users as well as validating transactions.
Our goal is to build a Crypto Portal (called OXIDEX) with applications for our users to invest, trade and have a market place to buy and sell goods as well as an escrow service for our user protection.
As we progress, we will be adding new applications and looking for partnerships, aiming to make a one stop full-service crypto solution.
Masternodes Oxid Masternodes are network servers that are constantly connected to the Oxid Network and perform service functions like validating, storing and serving the blockchain to the users. Masternodes are the backbone to the Oxid's network.
Anyone with 5000 OXID can set up and operate an Oxid Blockchain Masternode, which helps to provide an additional security, reliability, and performance to the blockchain. For their dedicated service Masternodes receive a portion of each mined Oxid block reward.
Supernodes Supernodes are a kind of a masternodes which are rewarded a much higher rewards for providing stability and security to the blockchain. Anyone with 25000 OXID can set up and operate a Supernode.
Masternode and Supernode Block Payouts Explained There will be only 1 reward per block randomly selected between Masternodes and Supernodes. For example if Masternode is rewarded for a specific block then the total block reward would be POW, POS and Masternode rewards added together. ff Supernode is rewarded for a specific block then the total block reward would be POW, POS and Supernode rewards added together.
Masternodes and Supernodes have the same probability to receive block reward.
Oxid Specification Name: OXID
Symbol: OXID
Algo: Scrypt
Coin type: POW | POS | Masternodes | Supernodes
Block time: 120 sec.
Maturity: 10 blocks
Max Coin Supply: 89,000,000
POW Reward per block: 0.5 - 3 OXID
POS Reward per block: 1 - 2 - 0.25 OXID
Masternode Reward per block: 3 - 8 - 1 OXID
Supernode Reward per block: 24 - 48 - 6 OXID
Masternode Collateral: 5,000 OXID
Supernode Collateral: 25,000 OXID
Stake min age: 2 hours
Premine: 2.98% (2,650,000) used for exchanges, marketing, development, bounties, airdrops
Staking start block: 1,001
Masternodes start block: 1,001
Supernodes start block: 5,001
Default port: 18932
RPC port: 18933
Testnet default port: 18942
Testnet RPC port: 18943
Rewards BreakdownPOW Block 1 2,650,000 (2.98% premine)
Block 2 - 1,000 0.5
Block 1,001 - 20,000 1
Block 20,001 - 50,000 2
Block 50,001 - 100,000 3
POS Block 1,001 - 5,000 1
Block 5,001 - 10,000 1.5
Block 10,001 - 20,000 1.75
Block 20,001 - 262,800 2
Block 262,801 - 525,600 1
Block 525,601 - 788,400 0.5
Block 788,401 and up 0.25
Masternodes Block 1,001 - 5,000 3
Block 5,001 - 10,000 4
Block 10,001 - 20,000 6
Block 20,001 - 262,800 8
Block 262,801 - 525,600 4
Block 525,601 - 788,400 2
Block 788,401 and up 1
Supernodes Block 5,001 - 10,000 24
Block 10,001 - 20,000 36
Block 20,001 - 262,800 48
Block 262,801 - 525,600 24
Block 525,601 - 788,400 12
Block 788,401 and up 6
Wallets: https://github.com/oxidcoin/oxid/releasesDefault Seed Nodes addnode=seed1.oxid.io
addnode=seed2.oxid.io
Bounties and Airdrops Join our Discord to see all available bounties and airdrops Mining Pool bounties (will test if it's working, must join discord and provide a support to people in case it's needed) - 1st 100 OXID
- 2nd 75 OXID
- 3rd 50 OXID
- 4th 25 OXID
- 5th-20th 10 OXID