Topic: [ANN] [PRE-SALE 30% BONUS] MASS Token - Masternode And Staking Service - page 30. (Read 29226 times)

I do not know what this means.
Please read the White Paper https://mass.cloud/MASS-whitepaper.pdf

coin stake (POS)? only hold coin for bonus?

Please look at the math of the white paper this is clearly stated in there. I have also explained to you how it works, each block you are either staking or not, each block you stake adds to your staking weight, each block you are not staking adds nothing to your weight, so after 1000 blocks (assuming payout runs were 1000 blocks) you would have blocks-staked * amount-you-are-staking = your final weight for that pay round.

your final weight = your share of pay for that round. your weight and others weight is then broken into percents based on 100% and payouts are distributed accordingly, this is how mining pools do it, its basically the exact same, its set up like this to prevent exploitation.

How will the MASS be distributed in each staked block?

It wont matter to me if I have 1000 mass and there are 10 other people with 1000 each. I will still get 9% of the block reward, and so they will each as well
And I will get 9% if there is just me and one other person, 1000 and 10000 MASS respectively. but in this case the one person gets 91% of the block reward.
Which is completely different if that person with 10000 mass was placed with other 10 people with 10000 each, this way they too get 9% each.

Whats the system behind that?

still no bounty program yet? this token will be anothe hit of the year. i want in

61 total mass, which is 'basically' 55million mass bought with bonuses etc (then 5mil dev(locked for 1 year), 500k bounties, 500k prior.. i know that isnt exactly 10%+1%+1% but we wanted the cap number to be not all wonky)

it is a pool, so the amount would be dependent on your share of that total stake, let me give you an example:
imaginary reward blocks are say 1000 and the payout for the staking portion of that is 100eth
there are 4 people total staking for all 1000 blocks and each person has 1000 mass(again all of these numbers for ease of use)
the payout run for you would be basically 1000 blocks at 1000 mass which equals 1000000 'stake weight'
now since all 4 people have the exact same mass and exact same 'stake weight' in this example the 100eth reward would be 100/4 or 25 eth each.
in the same example if 10 people were doing the exact same thing exact same 'stake weight' the rewards would be 100/10 or 10eth each.
basically your mass equates to your 'mining power' in the pool, when you stake with it.
Obviously the more mass you have in these examples the more 'stake weight' at the end you would have compared to other people, eg if there were 2 people each with 1000 but you (as the 3rd person) had 2000mass, all equal stake time, and the payout was 100eth you would get 50eth they would get 25 eth each (you are double their stake weight at the end, its just a ratio)

Hopefully I didn't just make that more confusing then it is.
 

On your site, it says there will be 61 million MASS tokens in total. That's if they're only bought during the entire ICO? 61 mill with the bonus included or the bonus tokens are added on top of that amount making it 66 million MASS Tokens?

Question about returns:

You have a formula for the returns based on the total amount of tokens staked, time spent, and blocks staked.

Lets say someone has 1 million mass and I have 10,000. I undestand that i'd get a less percentage, but is that the same dollar value as if I was the only one there?
Like 1 MASS = X amount of dollars (well eth or other crypto, but let's just keep it simple) gained no matter the amount of other people present. Assuming full time spent staked in the block for the 28/28 on your formula.

Staking is similar to gaining interest on a bank account. You leave your coins in a wallet, and you are rewarded for strengthening the network via staking rewards.

I'm very new to the cypto world. Can anyone explain what staking means? If it's anything like the duel arena in runescape, that'd be cool.

I'm cool with that, the more the merrier in crypto, as long as they are happy to learn.

We (the entire team) have done the whole hardware mining 'thing'... we are too old for that , having to either take losses because of hardware costs, hardware depreciation, or to sell off and keep upgrading... With this way it gives good liquidity always and is simple.

Have to agree on that, It's a simple concept to understand and very clearly explained. Aside from that, as most newbies are on youtube and they hear about ICOs and how profitable they are as they hit the exchanges, I dont find it too surprising for them to find something like this which has a similar use in stock portfolios that get a package of shares from companies that pay dividends (lol that is simply put to what actually goes on).

So just based on that -  easy to understand, simple to use, similar to real stock operation, potential jump in price increase as it hits the market, seems legit -  why not go in? To each their own deciding moment.
Not the same with Siacoin's Obelisk, they're like "yo we need a couple grand from you (pay in bitcoins obviously) and a year waiting time for the pimp-ass mining equipment to be delivered to you"

I'm seeing this trend rather broadly across ANNs these days.  Some (although I don't see it in this thread) are clearly shills and/or dupe accounts.  Many seem to be non-native English speakers.

I think it's really a result of the press crypto and Ether in particular has received in the past few months.  By reading the lack of broader understanding of many core crypto concepts amongst these newb posts (what a masternode is, how erc20 tokens function, how smart contracts work, etc..) it seems to me they're just new fish in the pond.

any bounty program yet? this is actually a very good project...i also put in some  but i can do even more...i can reserve the romanian translation for this ideea..too good to not be spread.

I wonder as well tbh. We have been getting constant emails and msgs on telegram to the same effect actually. It might be because it is more of a 'pos/masternode' token geared towards ease of use? Trying to get a bit of a broader reach to coins they might not have been able to get cuz they wouldnt know how to stake etc. A lot of people have also said that it was their first ICO.

The project seems interesting. But I wonder why there are so many Newbies in this thread, compared to people with higher rank. And some of them are eager to tell that they have just sent some ether in their first post ever... Any ideas?

if you do not see it you must add the token in mew, because it is not there yet...follow the instructions in faq to do it

this is a very good project. is the presale still on?

i payed 3 eth but still don't see them in MEW
The masspresale tokens don't show up.
I already loged in twice.

I also don't see them in ethplorer.io

Advice please?

Good project, good development, good devs and good community can only mean that this one is a good coin to hold and I am really greatful that they are giving away carecoins in their bounty campaign. This maybe the kind of coin which is good to hold long term.