[ANN] [PRE-SALE 30% BONUS] MASS Token - Masternode And Staking Service - page 28.

masstoken

member

Activity: 112

Merit: 10

Quote from: mattaero on July 24, 2017, 03:32:01 PM

Quote from: masstoken on July 24, 2017, 02:45:29 PM

Quote from: hansen.ng on July 24, 2017, 02:38:16 PM

Looking good! I will be following closely. I hope it will be as big as Dash.

Well, the good thing about it being a pool is, it can grow much quicker and larger than any individual coin in it can grow, as it represents many coins inside it. The sum of all its parts becomes more valuable than any single part.

Well, that's true in a sense. You are far more protected because of the diversification, but the absolute fastest growth would be to get lucky and pick a single coin that does phenomenally well. MASS seems like it has a much greater long-term upside, and less of a need to get lucky, but picking a coin that goes up 100,000% is still that absolute fastest way...but you may as well be trying to win the lottery!

Also, another question, like I haven't asked enough... What do you use as an oracle for importing the current XYZ coin/Eth price into the smart contract? Coinmarketcap, GDAX, manually updating, specific exchange? Since that would be an integral part of the dividend/rewards process I am curious what price you use.

Thanks!

That is actually fed from the backend itself, at the moment (for testing) it is bittrex, but it will likely be an aggregate of all the exchanges that are being used at the time. Obviously some of these coins won't be on bittrex, so it will also depend on where they are traded (if its only on one exchange, thats where that information comes from Wink

)

Coinmarket cap probably isn't a bad way to do it as well, but there may be cases where the coin isn't even listed on there yet.

mattaero

jr. member

Activity: 178

Merit: 2

Quote from: masstoken on July 24, 2017, 02:45:29 PM

Quote from: hansen.ng on July 24, 2017, 02:38:16 PM

Looking good! I will be following closely. I hope it will be as big as Dash.

Well, the good thing about it being a pool is, it can grow much quicker and larger than any individual coin in it can grow, as it represents many coins inside it. The sum of all its parts becomes more valuable than any single part.

Well, that's true in a sense. You are far more protected because of the diversification, but the absolute fastest growth would be to get lucky and pick a single coin that does phenomenally well. MASS seems like it has a much greater long-term upside, and less of a need to get lucky, but picking a coin that goes up 100,000% is still that absolute fastest way...but you may as well be trying to win the lottery!

Also, another question, like I haven't asked enough... What do you use as an oracle for importing the current XYZ coin/Eth price into the smart contract? Coinmarketcap, GDAX, manually updating, specific exchange? Since that would be an integral part of the dividend/rewards process I am curious what price you use.

Thanks!

twoturtles

legendary

Activity: 1050

Merit: 1000

Quote from: cryptosifu on July 24, 2017, 02:53:46 PM

Hi masstoken. Can you get Kris "Syntaks" Borodiansky aka twoturtles to make a post in here?

Hey cryptosifu,

Is there something I can help with?

cryptosifu

sr. member

Activity: 378

Merit: 251

Hi masstoken. Can you get Kris "Syntaks" Borodiansky aka twoturtles to make a post in here?

masstoken

member

Activity: 112

Merit: 10

Quote from: hansen.ng on July 24, 2017, 02:38:16 PM

Looking good! I will be following closely. I hope it will be as big as Dash.

Well, the good thing about it being a pool is, it can grow much quicker and larger than any individual coin in it can grow, as it represents many coins inside it. The sum of all its parts becomes more valuable than any single part.

hansen.ng

sr. member

Activity: 632

Merit: 250

Looking good! I will be following closely. I hope it will be as big as Dash or even bigger and we will all be financailly free.

mattaero

jr. member

Activity: 178

Merit: 2

Quote from: masstoken on July 24, 2017, 01:06:36 PM

Quote from: mattaero on July 24, 2017, 12:52:48 PM

Quote from: masstoken on July 24, 2017, 12:37:54 PM

Quote from: mattaero on July 24, 2017, 10:15:54 AM

I have some questions that I don't think have been answered yet.

You show the appreciation of various POS coins, but since the dividends are payed out daily in ETH, wouldn't that mean that anyone staking would not get the benefit of that appreciation since it would immediately be sold for eth?

That is correct in a way, but also not, as the unstaked tokens will be benefiting from this, which will increase the value of mass. We do have it planned that after launch we will be putting in the ability to have those coins 'held' until you wish to withdraw them (into eth or whatever coin you choose) however.

Quote from: mattaero on July 24, 2017, 10:15:54 AM

You indicate that in the future you hope to have dividends payed in each coin that the fund holds if a MASS holder would prefer that... How would that work? Would there be a web-wallet you host that would hold each different coin for the MASS holder, or would it be necessary for the MASS holder to have a wallet for each of the currencies in the fund?

I think this is an excellent concept, and helps get people into the POS space without having to spend exorbitant amounts of money. I appreciate your reply!

It would just be a variable that gets sent along with the staking, such as neos neosaddress, i would expect them to either have their own wallets, or to have it sent to an exchange, that would be up to the users tho. (this could change, if there is enough demand we could host wallets for them, but easiest would be the user having their own wallet) Also, when we say staking rewards paid in each coin, we mean people being able to select, not getting EVERY single coin, so as in you could select btc or doge or etc or stratis or whatever to be paid out in, and it would be paid out to that specific address.

Hopefully that clears that up a little.

I appreciate the clarification.

So the only way a MASS holder benefits from appreciation in the various coin's price, is through the increase in value in the fund itself, or if they get REALLY lucky and happen to pick payouts in one of the coins that happens to increase by a bazillion %.

While this is certainly not something that would stop me contributing, I think that, if it were possible, being able to choose a longer time horizon, but rewards in multiple currencies would be nice to have as an option. Something like you can get the top 10 holdings distributed to you pro-rata on a weekly/monthly/quarterly basis. That way I would have Pivx, Nem, etc in my wallet in the chance it increased significantly, rather than completely held by the fund.

You also mention that MASS can be exchanged for its pro-rata amount of the fund in Eth...Does that mean that the value of the fund at any given time in eth is available for exchange? So if Pivx increased another 500% when compared to Eth, which makes the whole fund 2x more valuable in eth (unrealized), would my potential cash-out portion have increased a corresponding amount in Eth (double)?

Sorry for the more detailed questions, I just want to make sure I have a handle on it.

Thanks!

You can burn/liquidate at any time, so yes if the fund increased by that much you would be able to burn and get that much, that is how it functions. Keep in mind that the portfolio auto rebalances if something like that were to happen, so if pivx went up 500% it would be rebalanced out into the other coins/masternodes + new coins/masternodes + since it is 500% it would trigger the unicorn event in the contract, in which mass holders get a bonus payout

Thanks for the replies, it is helpful. As for the feature creep, I have no problem waiting for additional features like that, and definitely understand that there is an entire UI/UX element, not to mention the technical aspect of working with multiple technologies, that would have to worked out before some of the more exotic features could be implemented. I would never expect that to happen for the initial product, but the number of options that could be added in the future is impressive. So I appreciate your humoring me, and thanks for the responses!

masstoken

member

Activity: 112

Merit: 10

Quote from: mattaero on July 24, 2017, 12:52:48 PM

While this is certainly not something that would stop me contributing, I think that, if it were possible, being able to choose a longer time horizon, but rewards in multiple currencies would be nice to have as an option. Something like you can get the top 10 holdings distributed to you pro-rata on a weekly/monthly/quarterly basis. That way I would have Pivx, Nem, etc in my wallet in the chance it increased significantly, rather than completely held by the fund.

Also to add, it isn't that it can't be done, it is just that for launch something like that won't be in place. We don't want feature creep to come into play for launch/ICO, we want to keep it basic and functional from the start then we can add in new things as the community requests.

masstoken

member

Activity: 112

Merit: 10

Quote from: mattaero on July 24, 2017, 12:52:48 PM

Quote from: masstoken on July 24, 2017, 12:37:54 PM

Quote from: mattaero on July 24, 2017, 10:15:54 AM

I have some questions that I don't think have been answered yet.

You show the appreciation of various POS coins, but since the dividends are payed out daily in ETH, wouldn't that mean that anyone staking would not get the benefit of that appreciation since it would immediately be sold for eth?

That is correct in a way, but also not, as the unstaked tokens will be benefiting from this, which will increase the value of mass. We do have it planned that after launch we will be putting in the ability to have those coins 'held' until you wish to withdraw them (into eth or whatever coin you choose) however.

Quote from: mattaero on July 24, 2017, 10:15:54 AM

You indicate that in the future you hope to have dividends payed in each coin that the fund holds if a MASS holder would prefer that... How would that work? Would there be a web-wallet you host that would hold each different coin for the MASS holder, or would it be necessary for the MASS holder to have a wallet for each of the currencies in the fund?

I think this is an excellent concept, and helps get people into the POS space without having to spend exorbitant amounts of money. I appreciate your reply!

It would just be a variable that gets sent along with the staking, such as neos neosaddress, i would expect them to either have their own wallets, or to have it sent to an exchange, that would be up to the users tho. (this could change, if there is enough demand we could host wallets for them, but easiest would be the user having their own wallet) Also, when we say staking rewards paid in each coin, we mean people being able to select, not getting EVERY single coin, so as in you could select btc or doge or etc or stratis or whatever to be paid out in, and it would be paid out to that specific address.

Hopefully that clears that up a little.

I appreciate the clarification.

So the only way a MASS holder benefits from appreciation in the various coin's price, is through the increase in value in the fund itself, or if they get REALLY lucky and happen to pick payouts in one of the coins that happens to increase by a bazillion %.

While this is certainly not something that would stop me contributing, I think that, if it were possible, being able to choose a longer time horizon, but rewards in multiple currencies would be nice to have as an option. Something like you can get the top 10 holdings distributed to you pro-rata on a weekly/monthly/quarterly basis. That way I would have Pivx, Nem, etc in my wallet in the chance it increased significantly, rather than completely held by the fund.

You also mention that MASS can be exchanged for its pro-rata amount of the fund in Eth...Does that mean that the value of the fund at any given time in eth is available for exchange? So if Pivx increased another 500% when compared to Eth, which makes the whole fund 2x more valuable in eth (unrealized), would my potential cash-out portion have increased a corresponding amount in Eth (double)?

Sorry for the more detailed questions, I just want to make sure I have a handle on it.

Thanks!

You can burn/liquidate at any time, so yes if the fund increased by that much you would be able to burn and get that much, that is how it functions. Keep in mind that the portfolio auto rebalances if something like that were to happen, so if pivx went up 500% it would be rebalanced out into the other coins/masternodes + new coins/masternodes + since it is 500% it would trigger the unicorn event in the contract, in which mass holders get a bonus payout

mattaero

jr. member

Activity: 178

Merit: 2

Quote from: masstoken on July 24, 2017, 12:37:54 PM

Quote from: mattaero on July 24, 2017, 10:15:54 AM

I have some questions that I don't think have been answered yet.

You show the appreciation of various POS coins, but since the dividends are payed out daily in ETH, wouldn't that mean that anyone staking would not get the benefit of that appreciation since it would immediately be sold for eth?

That is correct in a way, but also not, as the unstaked tokens will be benefiting from this, which will increase the value of mass. We do have it planned that after launch we will be putting in the ability to have those coins 'held' until you wish to withdraw them (into eth or whatever coin you choose) however.

Quote from: mattaero on July 24, 2017, 10:15:54 AM

You indicate that in the future you hope to have dividends payed in each coin that the fund holds if a MASS holder would prefer that... How would that work? Would there be a web-wallet you host that would hold each different coin for the MASS holder, or would it be necessary for the MASS holder to have a wallet for each of the currencies in the fund?

I think this is an excellent concept, and helps get people into the POS space without having to spend exorbitant amounts of money. I appreciate your reply!

It would just be a variable that gets sent along with the staking, such as neos neosaddress, i would expect them to either have their own wallets, or to have it sent to an exchange, that would be up to the users tho. (this could change, if there is enough demand we could host wallets for them, but easiest would be the user having their own wallet) Also, when we say staking rewards paid in each coin, we mean people being able to select, not getting EVERY single coin, so as in you could select btc or doge or etc or stratis or whatever to be paid out in, and it would be paid out to that specific address.

Hopefully that clears that up a little.

I appreciate the clarification.

So the only way a MASS holder benefits from appreciation in the various coin's price, is through the increase in value in the fund itself, or if they get REALLY lucky and happen to pick payouts in one of the coins that happens to increase by a bazillion %.

While this is certainly not something that would stop me contributing, I think that, if it were possible, being able to choose a longer time horizon, but rewards in multiple currencies would be nice to have as an option. Something like you can get the top 10 holdings distributed to you pro-rata on a weekly/monthly/quarterly basis. That way I would have Pivx, Nem, etc in my wallet in the chance it increased significantly, rather than completely held by the fund.

You also mention that MASS can be exchanged for its pro-rata amount of the fund in Eth...Does that mean that the value of the fund at any given time in eth is available for exchange? So if Pivx increased another 500% when compared to Eth, which makes the whole fund 2x more valuable in eth (unrealized), would my potential cash-out portion have increased a corresponding amount in Eth (double)?

Sorry for the more detailed questions, I just want to make sure I have a handle on it.

Thanks!

masstoken

member

Activity: 112

Merit: 10

Quote from: Faeryl on July 24, 2017, 12:16:24 PM

Quote from: mattaero on July 24, 2017, 10:15:54 AM

You indicate that in the future you hope to have dividends payed in each coin that the fund holds if a MASS holder would prefer that... How would that work? Would there be a web-wallet you host that would hold each different coin for the MASS holder, or would it be necessary for the MASS holder to have a wallet for each of the currencies in the fund?

I read it as rather than a choice of being paid in Eth or each and every node coin the pool invests in

You can simply choose to be paid in the currency of your choice, so Eth Dash etc.

At the end of the day its not hard to shapeshift/changelly Eth to the currency of your choice anyway.

Correct. Tho at the launch it will be just ETH, but again like you say, it isn't hard to convert yourself Wink

masstoken

member

Activity: 112

Merit: 10

Quote from: mattaero on July 24, 2017, 10:15:54 AM

I have some questions that I don't think have been answered yet.

You show the appreciation of various POS coins, but since the dividends are payed out daily in ETH, wouldn't that mean that anyone staking would not get the benefit of that appreciation since it would immediately be sold for eth?

That is correct in a way, but also not, as the unstaked tokens will be benefiting from this, which will increase the value of mass. We do have it planned that after launch we will be putting in the ability to have those coins 'held' until you wish to withdraw them (into eth or whatever coin you choose) however.

Quote from: mattaero on July 24, 2017, 10:15:54 AM

You indicate that in the future you hope to have dividends payed in each coin that the fund holds if a MASS holder would prefer that... How would that work? Would there be a web-wallet you host that would hold each different coin for the MASS holder, or would it be necessary for the MASS holder to have a wallet for each of the currencies in the fund?

I think this is an excellent concept, and helps get people into the POS space without having to spend exorbitant amounts of money. I appreciate your reply!

It would just be a variable that gets sent along with the staking, such as neos neosaddress, i would expect them to either have their own wallets, or to have it sent to an exchange, that would be up to the users tho. (this could change, if there is enough demand we could host wallets for them, but easiest would be the user having their own wallet) Also, when we say staking rewards paid in each coin, we mean people being able to select, not getting EVERY single coin, so as in you could select btc or doge or etc or stratis or whatever to be paid out in, and it would be paid out to that specific address.

Hopefully that clears that up a little.

Faeryl

full member

Activity: 136

Merit: 100

Quote from: mattaero on July 24, 2017, 10:15:54 AM

You indicate that in the future you hope to have dividends payed in each coin that the fund holds if a MASS holder would prefer that... How would that work? Would there be a web-wallet you host that would hold each different coin for the MASS holder, or would it be necessary for the MASS holder to have a wallet for each of the currencies in the fund?

I read it as rather than a choice of being paid in Eth or each and every node coin the pool invests in

You can simply choose to be paid in the currency of your choice, so Eth Dash etc.

At the end of the day its not hard to shapeshift/changelly Eth to the currency of your choice anyway.

masstoken

member

Activity: 112

Merit: 10

Quote from: Cutekittens21 on July 24, 2017, 10:17:51 AM

Quote from: masstoken on July 24, 2017, 09:31:29 AM

Quote from: Cutekittens21 on July 24, 2017, 06:29:53 AM

How can I eventually withdraw my mass from Exodus?

Pre-sale tokens are not transferable. Once the ICO starts pre-sale participants will get MASS Tokens, and then after the ICO they will be transferable.

Right I understand that part. Eventually, I meant after the ICO, how can we transfer them since there's no mass wallet? To an exchange?

Using your Ethereum wallet where they are stored.

Cutekittens21

full member

Activity: 140

Merit: 100

Quote from: masstoken on July 24, 2017, 09:31:29 AM

Quote from: Cutekittens21 on July 24, 2017, 06:29:53 AM

How can I eventually withdraw my mass from Exodus?

Pre-sale tokens are not transferable. Once the ICO starts pre-sale participants will get MASS Tokens, and then after the ICO they will be transferable.

Right I understand that part. Eventually, I meant after the ICO, how can we transfer them since there's no mass wallet? To an exchange?

mattaero

jr. member

Activity: 178

Merit: 2

I have some questions that I don't think have been answered yet.

You show the appreciation of various POS coins, but since the dividends are payed out daily in ETH, wouldn't that mean that anyone staking would not get the benefit of that appreciation since it would immediately be sold for eth?

You indicate that in the future you hope to have dividends payed in each coin that the fund holds if a MASS holder would prefer that... How would that work? Would there be a web-wallet you host that would hold each different coin for the MASS holder, or would it be necessary for the MASS holder to have a wallet for each of the currencies in the fund?

I think this is an excellent concept, and helps get people into the POS space without having to spend exorbitant amounts of money. I appreciate your reply!

masstoken

member

Activity: 112

Merit: 10

Quote from: Cutekittens21 on July 24, 2017, 06:29:53 AM

How can I eventually withdraw my mass from Exodus?

Pre-sale tokens are not transferable. Once the ICO starts pre-sale participants will get MASS Tokens, and then after the ICO they will be transferable.

Faeryl

full member

Activity: 136

Merit: 100

I think its going slow because they have given early adopters the chance to pick up the 30% bonus. when the ICO starts for real there should be a lot more interest via marketing. Its all under the radar at the moment.

2012

legendary

Activity: 1526

Merit: 1003

Quote from: trademark on July 23, 2017, 09:37:33 PM

Just invested more into the project. I am actually surprised that the presale hasn't sold out yet. Maybe it's the lack of marketing. Once a signature and social media campaign get's rolling, people will start to notice and invest in MASS.

I also did same that is still surprising there is still some tokens left there in pre-sale round. I hope so main ICO phase will be more excited when this team will come with proper promotion about this project but people still have to grab this with attractive bonus offer.

Cutekittens21

full member

Activity: 140

Merit: 100

How can I eventually withdraw my mass from Exodus?

Topic: [ANN] [PRE-SALE 30% BONUS] MASS Token - Masternode And Staking Service - page 28. (Read 29203 times)