Topic: [ANN] [POW/POS] [MASTERNODE COIN] ⚡️APOLLON Coin XAP ⚡️ - page 7. (Read 32080 times)

Most master nodes are a cash grab now, is this project alive and kicking?

Hello all,

It's been a busy week as a few of you guys probably noticed. We were working really hard on our updated wallet and it's finally done.
The new wallet version should, amongst other improvements, stabilize the masternode payout frequency that a lot of you inquired about.

The update will be mandatory by block 155000 (~2 days from now). It is very important that we have a majority of updated nodes in the network so please take a moment to update your nodes and wallets as soon as you get the chance.


The changes include:
- fixed some potential exploits a lot of other coins were suffering from as well
- removed darksend features from the QT-wallet
- removed inoperable remove/delete buttons from masternode tab
- updated reward structure to address hyper-inflation (more news tomorrow)

Instructions:

QT Wallets - Windows/Mac/Linux:
Stop your wallet and replace the Apollon-qt executable with the newer version
Win:
Linux: https://github.com/apollondeveloper/ApollonCoin/releases/download/1.0.5/Apollon-qt.tar.gz
Mac: https://github.com/apollondeveloper/ApollonCoin/releases/download/1.0.5/Apollon-Qt-mac.dmg

Ubuntu:
if you installed your masternode with the Beginners/Experts guide from our FAQ or if you used Zoldur's script to install your node:

systemctl stop Apollon
rm Apollond.tar.gz >/dev/null 2>&1
wget https://github.com/apollondeveloper/ApollonCoin/releases/download/1.0.5/Apollond.tar.gz
tar xvzf Apollond.tar.gz
cp Apollond /usr/local/bin
systemctl start Apollon


If you installed the node manually:

cd into the folder your Apollond is stored
./Apollond stop
sleep 2
rm Apollond
wget https://github.com/apollondeveloper/ApollonCoin/releases/download/1.0.5/Apollond.tar.gz
tar xvzf Apollond.tar.gz
./Apollond -daemon
sleep 2
./Apollond getinfo

@everyone Rewards Structure Announcement

The rewards structure has been updated to address the issue of hyper-inflation. 

Why did we do it like this in the first place?  When we first put the specs together, we did not foresee the problem of hyperinflation.  This problem was later identified by community members and we launched an investigation internally to research the problem.  We discovered that if we had continued with the rewards structure in place that we would have reached our projected max coin supply in the next 6 months.  This is obviously not a sustainable distribution of the coin and it would have caused a massive dumping of the coin onto the market.  In order to protect the current and future coin holders value, we have adjusted the coin rewards structure to distribute the coins over a longer period of time to address the problem of hyperinflation.  Wth the new structure, the coins will be distributed over the next 16 years.  We accomplished this by increasing the block time from 53 seconds to 90 seconds and have reduced the rewards from 400 to 320, starting from block 160k.  What this will accomplish is a slower but more sustainable distribution of rewards which will prevent hyperinflation and thus protect the price of the coin long term. 

We will continue to monitor the coin structure and if there are any problems in the future, we may have to make future changes, but we do not foresee any at this time.  You can view the updated coin specifications at https://apollon.one#spec. 

We’re appreciate your support for Apollon and XAP and we thank-you for your understanding during this transition. 

Thank-you, The Apollon Team

It's been a busy week as a few of you guys probably noticed. We were working really hard on our updated wallet and it's finally done.
The new wallet version should, amongst other improvements, stabilize the masternode payout frequency that a lot of you inquired about.

Can I stake this coin in my wallet and what is the minimum for the stake

What makes your project different between other similar projects?