Topic: [ANN] PHASE [ANN] - Masternodes, PoW, new TRIhash algo, Ongoing development - page 6. (Read 3781 times)

Nice one.
I hope PHASE will be better than old proton-higgs coin.

What new Algo are you planing to use ?

you said new website in Q3, where is your old one? this is just another mn coin generating money for the dev with main discussion in discord. can you tell us a sound proof that this will gonna be different from all those masternode coins?

Hello there

the coin is mined under proton/higgs name aleady ,with several pools,at the time of fork the algo will be changed to a totally new algorithm

please join our discord if you have more questions


https://discord.gg/EKPZcJA

Hello there,

85% MASTERNODE
15% MINERS
this was the existing % from proton/higgs.

On this we have added 10% for developpement and marketing so the new blocks at the time of the fork will be 55 PHASE instead of 50 Higgs/Proton at the moment.

You have it explained in our discord

https://discord.gg/EKPZcJA

sorry for that

PHASE team

So 85% for MN and 10% for DEV ...
And for miners ? Peanuts ?

Reserved

Reserved

 Ukrainian translation reserved

reserved

Russian translation reserved

Q3 2018 will be added to pool
may be...

PHASE is a community masternode coin, based on a new algoritm named TRIhash which is currently still in beta.
We will soon be forking from the old protoncoin chain using this new algoritm. The fork height will be at 90.000 blocks.
Everyone will be able to download the new wallet and miner beforehand on the new upcoming website.
Due to the fork, old masternodes of 5k proton won't be accepted by the network anymore and will cease to receive payments. Until then, they will continue working as usual.

PHASE will become a 3-level tiered masternode coin which can be used for fast and anonymous payments.
The new algoritm will provide fair mining and is ASIC resistant.

With the change of the wallet ,your PROTON will become PHASE.Your  old PROTON wallet will be rejected from the network at block 86k.
Please update your wallet as soon as possible.

First level:
Collateral of 10.000PHASE
Will have the known reward of 42,5PHASE.

Second level:
Collateral of 20.000PHASE
Which will give you 2.2 times more chances of being rewarded with 42,5PHASE when a block is mined.

Third level:
Collateral of 30.000PHASE
Which will give you 3.6 times more chances of getting rewarded when a block is mined.
 
Coin specs:
​- fork height: 90.000blocks on proton blockchain
- algo: TRIhash
- block starting reward 50PHASE
- reward reduction: 30% every 90.000 blocks
- masternode rewards 85%(on the existing block)
-miners rewards 15%(on the existing block)
after the fork, 10 % founders reward will be added to the existing block .
- Max supply: 22,5 millions.
- block time: 180seconds
- masternode reward 85%
- 10% founders reward from each block for development and marketing,
so there is no big premine and no selling of masternodes beforehand.

roadmap:
Q3 2018
- Fork to new algo
- New website, logo,...
- New wallets
- Miner
Q3-Q4
- Marketing campaign
- Ability to pay with PHASE on masternode platform
- New wallet interface
Q1-Q2 2019
- DEX platform
And much more!

development is ongoing and a lot of work still needs to be done but we are here to assist you and answer any questions you might have.
If you are interested in helping out, want to know more or joining the community.

UPDATE 06/07/2018

Install instructions:
Windows
 Find the ProtonCore in your pc, it should be in C:\Users\YourUserName\AppData\Roaming
1/ backup your wallet.dat and backups folder in ProtonCore folder
then exit wallet if it is running
2/rename ProtonCore to PhaseCore
3/rename proton.conf to phase.conf
then run the new wallet
if incorrect genesis error is popup
delete everything except wallet.dat and phase.conf and masternode.conf
edit phase.conf
and add:
addnode=80.211.25.138
then start up the wallet again

 Linux
stop daemon before doing the wallet change
-same process as windows ,the protoncore is located in root


-The tiered MN will be activated at block 85k and at block 86k the old wallet  will be disconnected. When we reach block 90k, the founders rewards will quick in and the old MN will get dropped of the network. Lastly, at block 100k the block reward will be reduced by 30% which will happen every 90k blocks.



Github : https://github.com/phaseproject/phase

Wallets: https://github.com/phaseproject/phase/releases

Explorer: http://explorer.phase.zone/

Join our discord community ! >>
https://discord.gg/8ynwXby

Or join our telegram group here >>
https://t.me/joinchat/HSPVxQ0g...

Announcements and updates can be followed on discord or telegram here >>
http://T.me/PHASEannouncements

follow us on twitter >>
https://twitter.com/Phase_zone

or like us on facebook >>
https://www.facebook.com/PHASEzone

Thanks for reading
PHASE team