MTP won't fundamentally change Zcoin's market price. On Bittrex there's currently an excess of sell orders over buy orders of Zcoin of $5 million USD, unless I'm reading it wrong, in which case tell me. Maybe that's partly because miners leave it on the market and don't focus on it and just leave it sitting there, whereas buyers are in and out quickly. Still, that's gotta worry other people besides me.
The sooner we get zcoin incentivised nodes going the better. 500 or 1000 coin stake required. maybe 500 to avoid making smaller investors feel bad. When can you do this Zcoin team?
Well if I had to hazard a guess, the upcoming MTP release has already changed Zcoin's market price. We have doubled since a short while ago? But who knows, it's crypto land where ICOs with only a smattering of untested code can raise millions of dollars in a couple of hours.
As for Znodes, our incentivized nodes scheme, this is done right after our wallet optimizations. As to how long, within a few months (including the wallet core upgrade and optimizations) but I don't want to set any hard deadlines. It depends how far we want to implement the Znode scheme. Do we just do the incentivized node structure first without its implementation of its segregated Zerocoin processing or delay it a bit to get the Zerocoin processing in as well.
And for the many people asking on Znode coins required? I'll do a copy paste from our Slack convo:
The team doesn't know yet either. We won't determine the figure until it's closer to launch.
Why? Not for any secret reason.
But what if zcoin was somehow worth 1000 dollars
Then even if we set a figure now
It won't be realistic anymore
Znode launch is some months away as per our roadmap
So pointless to set it now, once we are clear on a release date and closer to launch
Then we can set a figure. Orr if zcoin price crash then too low a figure would be also not good
For example if zcoin was worth 0.50 back to my entry , then would u want the cost for a zcoin node to be only 1000 xzc or 500 USD ? No right lol
So again, we don't have any figure because right now we want to work out the tech then we can determine the economics. It's much easier dev than mtp and should be a lot faster
But we will see
