500 fly collateral 5% of POS
1000 fly collateral 10% of POS
2000 fly collateral 15% of POS
5000 fly collateral 25% of POS
These numbers will change, as I need to sit down, and have it make more sense. In essence for those of you that dont know, for example when you setup a masternode of say 5000 fly, then youll receive 25% of the entire POS system and split that 25% with others that share that same masternode level. I know these numbers are off, and I need to sit down and calculate it to really make sense. But I just wanted to make an example to show you what our next step will be after the multipool.
Vegas
I sort of like the idea, but I only have 92FLY so kinds of sucks for me, to get any further now will be really hard or really expensive
Hi Crunk. That is the whole reason for doing this. Lowering the POS and making the POS rate dependent on masternodes, causes not only people to buy, but also to hold to get the benefits of the masternodes (MUCH higher rewards). So prices will go higher, and the dumping will slow. So, my advice is there is still time. Slowly collect a bit of fly as you can.
Vegas
I get what your trying to do, and I like the idea but it seems only to reward the people that have a lot of FLY.
I bought in ages ago for a small amount as i liked the POS rewards, ive kept my wallet staking and supporting the chain and slowly building, I was hoping to get to the 100FLY to get my bonus but then that changed, and now the POS is going down.
I fail to see how you can entice new FLY users when as I see it you need to be buying 500+ just to get a start.
I liked the idea of the supper block but alas I never found one.
I fear this is now a coin for the rich and I'm afraid that isn't me I simply cant afford to buy 407FLY to even get any where near where i would need to be.
I'm not having a go mind, Ive enjoyed FLY and as such have stuck up for you and the coin on several occasions so please don't think I'm moaning, I'm just going to find it out of my reach now
Crunk there are loads of ways to earn fly. As you see above we badly need an expert in coding masternodes. There is always ways to earn fly, so I wouldnt throw in the towel yet. The other reason for lowering the POS, is coins that have a high POS that is 50% and above , if not lowered with destroy the price. There becomes so many coins out there that they become worthless. Much like the US dollar, because they keep on printing it, it is worth less daily. Fly was always meant to be rare, and always will be. The masternodes wont start until probably 2-3 months from now. A multi-tier masternode has never been done before, so this is going to take some time. We dont even have a dev that can do it yet. My advice is buy a little each week, and dump your short term junk coins. Fly will hold its value because it wont inflate. In fact it will only rise in value as I continue to add features such as time lock, and/or hodl and more. So, trust me when I tell you, a high pos is not good for long term, because they all end up at the same price. Fly is one of a tiny amount of coins that has value after 1 year. Its because I have put mechanisms in place to slow inflation. Now I need to add features that have value. So, you dont need 500 fly right this second. Wealth is built slowly over many years. Years from now , when people are sick of all the short term "new dev" scam coins, they will flock to fly, because they know its a safe place. They also will know that the value will continue to climb because of very slow inflation and the constant addition of nice features. The other way to earn fly soon is by mining it. Griffith has started work on our multipool that pays out in fly. We will support the following algos Scrypt,Sha-256,X13. Is there another algo that we need? Also crunk we pay nice bounties to anyone that can get us wallet compiling work. Just look through the altcoin announcements and if you see a coin that does not have a certain wallet, PM the OP and send them a link to our wallet compiling service. https://bitcointalksearch.org/topic/wallet-compiling-service-for-any-platform-including-windows-32bit64macandroid-1483690
Vegas