Topic: [ANN][POS][MASTERNODE]⚡️PayDay-Unique global loan mechanism based on blockchain⚡ - page 47. (Read 33514 times)

Quote from: Kerandias on April 26, 2018, 10:02:31 AM

Hello everyone,I just started to study information about the project. I would like to know more information about the insurance structure. How will this be realized?

Hi @bpcguy and welcome to our project! Have you joined our Telegram and Discord already? Back to your question: When issuing a loan, insurance coverage works the following way:
1. A part of the credit body concerning no return is secured with KYC Masternodes stake (don't mess with PoS masternode, these are different masternodes)
2. Another part of the loan body in case of no return is guaranteed with Auditor Masternodes stake
3. The total amount of the support entirely depends on the level of the risk of the application. The higher the risk, the more security deposit to be required by the network.

Could you explain the difference between a KYC Masternodes stake and a PoS masternode?

crytocyprus

newbie

Activity: 14

Merit: 0

Quote from: birds_ain on April 26, 2018, 06:58:44 AM

Quote from: Kerandias on April 25, 2018, 07:37:21 AM

Quote from: birds_ain on April 25, 2018, 07:12:51 AM

Quote from: Kerandias on April 24, 2018, 07:28:28 AM

You have planned the introduction KYC. This is excellent. Do you already know where the listing will be?

Hi! The listing of KYC is now being formed, stay connected to our Discord https://discordapp.com/channels/422719259983216641/422719259983216643 and Telegram https://t.me/PayDayCoin to find out about that. Have you already joined our channels?

I joined the chat in telegram, but so far I haven`t seen any useful information it

Hey @Kerandias stay tuned as we gonna post lots of useful info there soon. Meanwhile you can ask any questions and keep in touch with us here. Have you tried our wallet already? All ok with that?

Hey. Thank you. There will be questions. So far, only installed a wallet Do you have a Facebook page? it is convenient for me to receive news there

I don`t think that the team will promote the news on Facebook. New rules of Facebook aren`t beneficial for the ICO

crytocyprus

newbie

Activity: 14

Merit: 0

Can someone explain me the situation with getting a card? How will we receive them? What will the map represent? Will there be problems with blocking?

Kerandias

newbie

Activity: 76

Merit: 0

Quote from: genesiscrypto on April 26, 2018, 05:23:41 PM

Quote from: new_conquistador17 on April 26, 2018, 05:17:39 PM

Quote from: genesiscrypto on April 26, 2018, 03:33:37 PM

Quote from: birds_ain on April 26, 2018, 11:23:31 AM

Quote from: nucriptobomb on April 26, 2018, 03:56:50 PM

Hello everyone,I just started to study information about the project. I would like to know more information about the insurance structure. How will this be realized?

Hi @bpcguy and welcome to our project! Have you joined our Telegram and Discord already? Back to your question: When issuing a loan, insurance coverage works the following way:
1. A part of the credit body concerning no return is secured with KYC Masternodes stake (don't mess with PoS masternode, these are different masternodes)
2. Another part of the loan body in case of no return is guaranteed with Auditor Masternodes stake
3. The total amount of the support entirely depends on the level of the risk of the application. The higher the risk, the more security deposit to be required by the network.

Yes, I've already joined them, thanks!
That's an interesting. But where are this insurance money come from? Who pays them?

If you look through the whitepaper, you'll be able to find that info.
Part of money will be paid by the KYC masternode by itself. To get a reward you'll have to check the loan details properly and risk by your own money.

Ah..thank you for the explanation.
Now I got it

Do you think will there be a lot of KYC masternodes? Who will risk by their own money?

Hey, guys!
I think that the profit will be bigger than risks. Also the risk makes KYC masternod owners to check the details on exch loan more properly

The risk won't be so big. There will be a couple of masternodes which share risks and profits according to the WP.

You are joyful :-\We can`t say that the risks won`t be great. In that project there are a lot of risks. So they can`t be called small.

Ofcifreak

member

Activity: 105

Merit: 10

Quote from: rose8963 on April 26, 2018, 03:22:33 PM

PayDay Coin (PDX) has been added to the MNO platform

https://twitter.com/_mn_o_/status/989584110422081537

https://masternodes.online/currencies/PDX/

Congratulation !

Wish you very happy trading !

WOOOW, more great news! I totally loovvve the project Kiss

oh oh, how many emotions. Grin

This is just the beginning. But it's already good. We are waiting for more updates

bpcguy

newbie

Activity: 56

Merit: 0

Quote from: genesiscrypto on April 26, 2018, 05:23:41 PM

Quote from: new_conquistador17 on April 26, 2018, 05:17:39 PM

Quote from: genesiscrypto on April 26, 2018, 03:33:37 PM

Quote from: birds_ain on April 26, 2018, 11:23:31 AM

Quote from: new_conquistador17 on April 26, 2018, 05:17:39 PM

Hello everyone,I just started to study information about the project. I would like to know more information about the insurance structure. How will this be realized?

Hi @bpcguy and welcome to our project! Have you joined our Telegram and Discord already? Back to your question: When issuing a loan, insurance coverage works the following way:
1. A part of the credit body concerning no return is secured with KYC Masternodes stake (don't mess with PoS masternode, these are different masternodes)
2. Another part of the loan body in case of no return is guaranteed with Auditor Masternodes stake
3. The total amount of the support entirely depends on the level of the risk of the application. The higher the risk, the more security deposit to be required by the network.

Yes, I've already joined them, thanks!
That's an interesting. But where are this insurance money come from? Who pays them?

If you look through the whitepaper, you'll be able to find that info.
Part of money will be paid by the KYC masternode by itself. To get a reward you'll have to check the loan details properly and risk by your own money.

Ah..thank you for the explanation.
Now I got it

Do you think will there be a lot of KYC masternodes? Who will risk by their own money?

Hey, guys!
I think that the profit will be bigger than risks. Also the risk makes KYC masternod owners to check the details on exch loan more properly

The risk won't be so big. There will be a couple of masternodes which share risks and profits according to the WP.

now that makes sense Roll Eyes

genesiscrypto

newbie

Activity: 24

Merit: 0

Quote from: genesiscrypto on April 26, 2018, 03:33:37 PM

Quote from: birds_ain on April 26, 2018, 11:23:31 AM

Quote from: rose8963 on April 26, 2018, 03:22:33 PM

Hello everyone,I just started to study information about the project. I would like to know more information about the insurance structure. How will this be realized?

Hi @bpcguy and welcome to our project! Have you joined our Telegram and Discord already? Back to your question: When issuing a loan, insurance coverage works the following way:
1. A part of the credit body concerning no return is secured with KYC Masternodes stake (don't mess with PoS masternode, these are different masternodes)
2. Another part of the loan body in case of no return is guaranteed with Auditor Masternodes stake
3. The total amount of the support entirely depends on the level of the risk of the application. The higher the risk, the more security deposit to be required by the network.

Yes, I've already joined them, thanks!
That's an interesting. But where are this insurance money come from? Who pays them?

If you look through the whitepaper, you'll be able to find that info.
Part of money will be paid by the KYC masternode by itself. To get a reward you'll have to check the loan details properly and risk by your own money.

Ah..thank you for the explanation.
Now I got it

Do you think will there be a lot of KYC masternodes? Who will risk by their own money?

Hey, guys!
I think that the profit will be bigger than risks. Also the risk makes KYC masternod owners to check the details on exch loan more properly

The risk won't be so big. There will be a couple of masternodes which share risks and profits according to the WP.

bpcguy

newbie

Activity: 56

Merit: 0

PayDay Coin (PDX) has been added to the MNO platform

https://twitter.com/_mn_o_/status/989584110422081537

https://masternodes.online/currencies/PDX/

Congratulation !

Wish you very happy trading !

Is that good? If we can trade tokens on the exchange, why should anyone buy the node?

new_conquistador17

newbie

Activity: 32

Merit: 0

Quote from: genesiscrypto on April 26, 2018, 03:33:37 PM

Quote from: birds_ain on April 26, 2018, 11:23:31 AM

Quote from: genesiscrypto on April 26, 2018, 03:33:37 PM

Hello everyone,I just started to study information about the project. I would like to know more information about the insurance structure. How will this be realized?

Hi @bpcguy and welcome to our project! Have you joined our Telegram and Discord already? Back to your question: When issuing a loan, insurance coverage works the following way:
1. A part of the credit body concerning no return is secured with KYC Masternodes stake (don't mess with PoS masternode, these are different masternodes)
2. Another part of the loan body in case of no return is guaranteed with Auditor Masternodes stake
3. The total amount of the support entirely depends on the level of the risk of the application. The higher the risk, the more security deposit to be required by the network.

Yes, I've already joined them, thanks!
That's an interesting. But where are this insurance money come from? Who pays them?

If you look through the whitepaper, you'll be able to find that info.
Part of money will be paid by the KYC masternode by itself. To get a reward you'll have to check the loan details properly and risk by your own money.

Ah..thank you for the explanation.
Now I got it

Do you think will there be a lot of KYC masternodes? Who will risk by their own money?

Hey, guys!
I think that the profit will be bigger than risks. Also the risk makes KYC masternod owners to check the details on exch loan more properly

bpcguy

newbie

Activity: 56

Merit: 0

Quote from: birds_ain on April 26, 2018, 11:23:31 AM