Topic: Are Masternode Coins ICOs? (Read 174 times)
Why was a second thread required for this shit coin? Some might look at this as spamming for a shit coin...
"I see that it's not a traditional ICO, but since the architecture is maybe quite centralized (masternodes), perhaps it could be considered "an ICO with more steps"" -theymos forum admin
===
What is an ICO?
https://en.wikipedia.org/wiki/Initial_coin_offering
https://www.investopedia.com/news/what-ico/
https://bitcoinmagazine.com/guides/what-ico/
"In an ICO, some quantity of the crowdfunded cryptocurrency is preallocated to investors in the form of "tokens,""
===
What is a Masternode?
https://coinsutra.com/masternodes/
http://dashmasternode.org/what-is-a-masternode/
https://pivxmasternode.org/what-is-a-masternode/
https://decryptionary.com/dictionary/masternode/
"A masternode is more than just a node. It has a managing role and special jobs that regular nodes don’t have.
- A masternode’s managing role is to vote on proposals to improve the system. Every masternode gets one vote.
- A masternode’s special jobs include creating instant transactions, known as “InstantSend”, and private transactions that hide the fact that you’ve sent money, known as “PrivateSend”."
===
Feedback on Discord:
"Masternodes get paid because they provide a service. An ICO is nothing like that." -SilentLennie
"well they might be in some technical sense but definitely not in the commonly understood meaning of the term" -feedbands
"well, depends on the coin, you can have an ICO with masternodes, such as Academy - or you can have masternodes with no ICO, like PIVX" -John M
"Masternode projects would only be considered ICOs if the coin devs directly sold people coins at a certain price" -Eatbatterys
"an Initial Coin Offering would mean that devs are selling coins at a price point they decide" -Eatbatterys
"if you can mine it then it's not an ICO..." -kusk0r
"ICOs are just a sale of tokens by their creator. Some of them could be masternode coins, but that's not a requirement." -BTCMILLIONARE
"the two things are independent from one another. A coin that has masternodes could have an ICO (Dash did not have an ICO). Similarly, a coin that has an ICO could have masternodes." -TroyDASH
===
What is an ICO?
https://en.wikipedia.org/wiki/Initial_coin_offering
https://www.investopedia.com/news/what-ico/
https://bitcoinmagazine.com/guides/what-ico/
"In an ICO, some quantity of the crowdfunded cryptocurrency is preallocated to investors in the form of "tokens,""
===
What is a Masternode?
https://coinsutra.com/masternodes/
http://dashmasternode.org/what-is-a-masternode/
https://pivxmasternode.org/what-is-a-masternode/
https://decryptionary.com/dictionary/masternode/
"A masternode is more than just a node. It has a managing role and special jobs that regular nodes don’t have.
- A masternode’s managing role is to vote on proposals to improve the system. Every masternode gets one vote.
- A masternode’s special jobs include creating instant transactions, known as “InstantSend”, and private transactions that hide the fact that you’ve sent money, known as “PrivateSend”."
===
Feedback on Discord:
"Masternodes get paid because they provide a service. An ICO is nothing like that." -SilentLennie
"well they might be in some technical sense but definitely not in the commonly understood meaning of the term" -feedbands
"well, depends on the coin, you can have an ICO with masternodes, such as Academy - or you can have masternodes with no ICO, like PIVX" -John M
"Masternode projects would only be considered ICOs if the coin devs directly sold people coins at a certain price" -Eatbatterys
"an Initial Coin Offering would mean that devs are selling coins at a price point they decide" -Eatbatterys
"if you can mine it then it's not an ICO..." -kusk0r
"ICOs are just a sale of tokens by their creator. Some of them could be masternode coins, but that's not a requirement." -BTCMILLIONARE
"the two things are independent from one another. A coin that has masternodes could have an ICO (Dash did not have an ICO). Similarly, a coin that has an ICO could have masternodes." -TroyDASH
Jump to: