tl:dr
is this new rebranded wallet ready yet?
We are testing it right now ;-)
It is written that all the SINs will be burned when setting up the masternode. I do not understand how it works. Does this mean that the 100 000/500 000/1 000 000 SIN will be lost for people who will set up masternodes. Where will they be recovered when the masternode has finished its cycle, after 1 year? I find the concept interesting and I appreciate the work you do but it would require more information on how it works. thanks in advance
Hi this week we will have another article with more details and the block rewards etc.
The Infinity Nodes, once they are setup, they will be immediately burnt and removed form the current circulating supply.All the nodes will have a time limit of 12 months to pay interest from every block but every 8-9 days just like other masternodes like dash. There is a top limit of total 540 million coins worth of nodes to guarantee interest payment. For the first year the monthly SIN nodes rewards will be 54 million coins. So if 540 million nodes are filled then the node owners will get their initial coins back in 300 days but not after 300 days but every 8-9 days from the block rewards depending on the queue so the remaining 65 days out of 365 days will be their guaranteed interest. If all the nodes are full of 540 million coins then there will be a very very limited supply of coins for trading with the greatest scarcity of all history of crypto currencies.
SIN will not be an ordinary split system. It will create continuous growth, volume, hype with controlled inflation and fully controlled big dumps from big wallets like 500k, 1 million walllets because they will be locked. The node owners can sell their coins for very high price if they prefer to sell from the received block rewards every 8-9 days or wait for more added profit and higher price.
More nodes less rewards for node owners but less coins in the supply so higher price. Less nodes more interest for node owners for a short time until all the nodes are full then inevitable high prices.
Please join discord for more info or keep following for more info. The first and ever public testnet for setting up the nodes will be live sunday 14 april 2019.
https://discord.gg/8rxutDvInfinity Nodes is the beginning of our new Economy System which will add later real life use cases of the information technology. Incorruptible Data Storage(IDS) with 5 steps.
Roadmap V3 will have all the steps until year 2022.