I don't think that the masternode idea brought any volume or interest to the coin did It? The project needs something sustainable and tangible, not a mediocre attempt to attract Investors, but what's even worse, not succeeding at it. I was expecting so much more from Oceanlab but after a year of no progress I already lost any hope I had for the team.
As far as I know OCL is an ethereum token or at least it was (back in the days) and if it is still you cannot implement masternodes on a project that runs on the ethereum netwotk, or I am wrong?
Anyway, I hear you and I have to agree with you, I didn't saw much development from the team in the last year either, this if there is still a team behind Oceanlab and it looks like the project is kind of paused. Maybe the team resigned already or at least they resigned to update us about the project state. I hope is the 2nd one.
Cheers, G
Mann! Do some research before making a post, lol! Oceanlab an ethereum base token? Where did you get that from! I participated in the ocl ico i know for a fact it has never been an erc20 token but a waves base token on the waves network, ocl is trading on waves dex currently, so if it was or is an erc20 you should see it trading in one of the eth dex exchanges around. Read from front page pls all information are there, don't just post untrue stuffs.
OK, sorry about the confusion, chill down a bit as I didn't killed nobody. I've mistaken ethereum network with waves one, because I have so many tokens that I forgot which one is running on ethereum, neo or, in this case, waves platform. Anyway the fact that I wanted to point out there is the same, if the Oceanlab doesn't have its own chain, and it doesn't, you can't implement masternodes. Also even if they will have its own chain in the future the masternodes feature needs to be implemented in the first place, otherwise will be very very hard, sometimes impossible to implement masternodes after. And second; the platform: waves, ethereum, whatever... doesn't matter, the development matters which is missing unfortunately from Oceanlab.
Better get some understanding about what they mean by token masternode, its not a masternode like you can have with dash. With that you got a point. The masternode from OCL does mean another thing. Here some information about their masternodemodel:
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TOKENMASTERNODE ACTIVATION FOR OCL
As a reward for the patience of our supporters, and a way to have a better users ratio, we're introducing the Tokenmasternode system to the OCL token. OCL is an utility token and a good distribution and circulation among users is becoming far more important than holding and speculation in regards to all the services that we're planning to release in 2019.
We're aiming at two improvements:
- Rewarding the regular holders and speculators independently of any market.
- Encouraging circulation of the token and a proper distribution to ease access to new users for our services.
Distribution parameters and conditions:
- You start receiving Tokenmasternode rewards when the amount of $OCL Oceanlab on your wallet is more than 50000 units, the distribution process is automated. Payouts are made weekly.
- Those with an amount of tokens in their wallet between 50000 and 99999 $OCL Oceanlab will benefit from a yearly reward of 5% of their holdings distributed over 52 weeks (for example, 65000 waves stored on a wallet would award 3250 $OCL Oceanlab in one year distributed weekly (52 payments of 62.5 $OCL Oceanlab)
- Those with an amount of tokens in their wallet between 100000 and 249999 $OCL Oceanlab will benefit from a yearly reward of 10% of their holdings distributed over 52 weeks
- Those with an amount of tokens in their wallet with a minimum of 250000 $OCL Oceanlab will benefit from a yearly reward of 20% of 250000 $OCL Oceanlab tokens distributed over 52 weeks(Even if you have more than 250000, your reward will be capped to 50000 $OCL Oceanlab, 52 payments of approximately 961.53 $OCL Oceanlab)
- For this reward system to encourage only active wallets and token movement/use as an utility, any weekly distribution will occur only to wallets that have a 1% difference in holding from the previous week. (for example, if you have 65000 tokens on week 1 your amount held on week 2 should at least 65650 or less than 64350 to qualify for the distribution)
Due to the changes needed to the distribution system in accordance with rewarding only active wallets, the launch of the $OCL Oceanlab TokenMasternode rewards is postponed to the 15th of september 2018
That also means that the script capabilities will be enabled for other tokens as well: (Multiple level rewards, rewarding only active wallets, reward capping, ...), the TokenMasternode for every Waves platform tokens is still planned for October
The amount of tokens necessary for the maintenance of this rewarding service for the first year has been secured by the team by buying those from the market. It will be analyzed again one year after launch to determine the right and sustainable parameters to keep the rewarding service running