I am thinking about setting up for a master node. Can't find where it describes what a master node is. Anyone help me.
Also I have coins at yobit.
When will the swap be complete so I know when I can pull my coins out and stake them locally?
The masternode howto can be found on the first page of this thread "Masternodes howto"
In addition to traditional Proof of Work (PoW) rewards for mining AmsterdamCoin, users are also rewarded for running and maintaining special servers called masternodes. Thanks to this innovative two tier network, AmsterdamCoin can offer innovative features in a trustless and decentralized way.
Masternodes primary function is to carry out the anonymization phase of the Darksend protocol and to validate transactions almost instantly. In the future, there will be more services performed by the masternodes network. Masternodes will recieve 50% of all blocks that are found with PoS
The coins you have on Yobit will be swapped by Yobit. I will announce when the swap is completed. In addition you can swap your coins here:
http://www.amsterdamcoin.com/swap