Topic: MNode Investment Fund NO ICO Premine to buy MasterNode Coins [ANN][MARCO] (Read 670 times)

Marblecoin has unfortunately gone missing.. There's a new Masternode fund coming up. For more details, here's their ANN post.

https://bitcointalksearch.org/topic/annico-mnode-zero-fee-tokenized-masternode-fund-private-sale-4938686

as i can see this project it will be successful if the team  should be actively respond to every post question and i do hope will run it well,good luck team

Masternode.online ,mnkrank.com ,masternodo.com , masternodes.pro already in process to add MarbleCoin(MARCO).

Four more days until we reach 65 000 block and release MARCO Masternode!

MarbleCoin(MARCO) MASTERNODE UPDATE:

MARCO Mastenode is currently in the test phase.
It was necessary to further modify the codes so that everything would function as we expected.
The next day or two new Windows and Linux wallets will be released.

WALLET UPDATES IS MANDATORY BEFORE WE RELEASING MARCO MASTERNODE.

Also in the next two days, the code will be sent to Exchanges so that they can make an update at a time without which MARCO MN will not work as it should.

For the above reasons, THE MANDATORY UPDATE OF THE WALLETS, in particular to make sure that EXCHANGES WILL MAKE UPDATE ON TIME,

MARCO MASTERNODE WILL BE RELEASED FROM 65 000 BLOCK!

MarbleCoinDev Team

Block Explorer : http://81.25.161.17:3001/

Thanks for the quick and thoughtful response.  An automated system addresses the admin side of the time/liability burdeon, but not really the holder's side.  Granted, the people that are going to invest in a coin like this are obviously deep into crypto, so maybe this isn't a big deal, but I could see a situation where, when people evaluate this coin for potential investment, the necessity to manage all of these wallets in order to claim their full reward could be a disadvantage.   We all know how hard it can be to manage a bunch of wallets...there's the periodic upgrades to install, the common syncing or chain splitting issues these coins have, etc.  Even if things go perfectly, it will probably take a couple hours to send 20 different coins to a few different exchanges to liquidate them all every couple weeks.  For some people, this may sound enjoyable, but for others I'm sure it sounds dreadful.  And out of 20 coins, how many will the average person be working on accumulating?   I would guess not more than a few for most people.

This definitely sounds like a love it or hate it sort of a feature, which isn't necessarily bad, except that by limiting the potential buying pool, your limiting demand and therefore price.  Obviously the ideal scenario is that each masternode holder could decide which coins they want to accumulate and which they would rather relieve MARCO, but thats more admin burden.

Thank You again for another Solid idea...

"Obviously the ideal scenario is that each masternode holder could decide which coins they want to accumulate and which they would rather receive MARCO"

Currently the Automated Payouts system is planned to only payout in MARCO and should be included in the second update (the first being the implementation of masternodes) - it does not take an economist to see the value in buying back your own coin to distribute to the MNs even in the worst projections there would still be a net HODL each week. that being said i like your idea to allow users to choose their payout coin but dont expect to see that roll out right away

Premine still live?

how can i join airdrop ?

Thanks for the quick and thoughtful response.  An automated system addresses the admin side of the time/liability burdeon, but not really the holder's side.  Granted, the people that are going to invest in a coin like this are obviously deep into crypto, so maybe this isn't a big deal, but I could see a situation where, when people evaluate this coin for potential investment, the necessity to manage all of these wallets in order to claim their full reward could be a disadvantage.   We all know how hard it can be to manage a bunch of wallets...there's the periodic upgrades to install, the common syncing or chain splitting issues these coins have, etc.  Even if things go perfectly, it will probably take a couple hours to send 20 different coins to a few different exchanges to liquidate them all every couple weeks.  For some people, this may sound enjoyable, but for others I'm sure it sounds dreadful.  And out of 20 coins, how many will the average person be working on accumulating?   I would guess not more than a few for most people.

This definitely sounds like a love it or hate it sort of a feature, which isn't necessarily bad, except that by limiting the potential buying pool, your limiting demand and therefore price.  Obviously the ideal scenario is that each masternode holder could decide which coins they want to accumulate and which they would rather relieve MARCO, but thats more admin burdeon.  Plus, it is actually better for everyone if you as the admin liquidate all of the other coins and buy MARCO with the proceeds because that provides a constant source of demand on the exchanges for MARCO. Granted, many of those masternode holders would probably turn around and sell the MARCO again, but a portion of them would hold (and if they sell, its still additional liquidity/volume).  

That said, I'm not an economist, so I might be missing something here =P

Very good idea and very interesting project ,
I will keep my eyes on it
It seems like this will be a good project for investment

I was super excited for this... like really really excited.  I was a bit confused about when you will launch the chain so I joined the discord and found out that the POW phase is already over?  =(

Was a post made here for the chain launch?  You should link it if so...otherwise it doesn't look very good.  I'll give you the benefit of the doubt and assume that you just now came up with this masternode idea late?  If I was less generous I would assume that you had the idea all along but kept it hush hush so you could mine without competition.   Either way, though, its a total bummer to announce this after POW phase.  Unfortunately, its a pass for me on that basis alone.  I'm extra disappointed because this is the type of project I would like to really get involved with and help grow.

Well, even if I'm not a holder, I still want this project to do well so I'll give my constructive criticism:  You want 20 different types of masternodes and lets say you will have 50 different masternode owners fairly early...thats 1000 addresses you have to get from people, manage, make sure are sent the proper amount each week, and address the mistakes that are inevitably made by the people sending the coins and the people receiving the coins.  Plus you are basically making each masternoide owner download 20 wallets...god forbid one of those wallets has a virus, as has been known to happen (this keeps me up at night when I'm only responsible for myself, let alone a bunch of holders!).   That is a huge time sink and liability for the admins and the masternode holders.  I just don't think its sustainable.    I seriously recommend rethinking this part of it.   A few different ideas to address this: convert all masternode gains to btc and distribute that, convert all gains to btc and buy back MARCO tokens on the open market, maybe just select 3-5 masternodes instead of 20 until you can automate the system.  Also, I recommend having someone inspect all of the wallets for viruses and then offering them all for download on your website.   So the masternode owners only have to trust you guys, not all 20 devs of the coins they are getting.  Just some ideas.   

I'm super interested in this project and am very curious to see how the future goes.  Its right up my alley to be honest, except that I usually mine my masternodes.  I just really wish I would have caught the pow phase!  =(   I'll hang around in your discord anyways and see if I can help in any way.  I'm happy to chat about some of my above ideas if anyone wants to.  At least if I stay involved, maybe I'll catch the mining phase of the next copy cat that pops up, haha .   

I appreciate the responses, thank you.  It's a bit heavy on trusting total strangers, but I think that is up to everyone's appetite for risk.  I'm sure you will find some investors.  Good luck.

Awesome Thank You Good Questions All of them

"Are people just supposed to trust that you will run the MNs fairly?  Like, you're going to buy a Lizus MN?  Investors should trust that you will properly set up and run it?  And fairly make payouts?  This sounds very centralized, and it sounds like a lot of money to trust you with."

Yes it is alot of responsibility on our part - we will have to earn your trust. we fully expect that. however we are still going forward with this plan and if we only have to payout to our own Masternodes i dont think it will be too bad.  

"Decentralization will require this to be sustainable even if you were to one day leave the project.  Can that be achieved?"  

No not in the Purist sense of the word Decentralization. I think what you should have asked was ' Sustainability will require Decentralization if you were to one day leave the project." and i think we can achieve all our goals through applications of Blockchain Technologies in the future but for now let us just prove to everyone that we are going to payout right?

"What is the advantage of using your service over me spending my money to buy 5% of the collateral of each of those MNs (e.g. Lizus and Spark), and investing in well-established MN share groups?  Those groups pool together masternode collateral and pay out shares to the individuals.  So the investment return should be the same as your service, except 1) I am using a more established service"

A shared service is a great and we are not taking anything away from what they do i have friends who run those services.

We are doing something completely different. When i came to the Project there was a Huge Premine and no clear Roadmap to set this coin apart from all the other Santa Barbra. It was suggested that the Premine be burned to shore up the Price and ultimately a decision was made to spend the Premine on MN Coins.

Now it is important to mention here that the coin will pay in 3 separate ways:

Proof of Stake (POS) - 96%
Any wallet staking will recieve this

MARCO MasterNode (MMN) - 50%
This is standard payment format for masternodes only

Proof of Investment (PoI) - 500%
Also for masternodes but will be paid out in the coin on which it was earned from

" 2) I can control my investment better, and 3) I can pull out my investment whenever I want and "

While i disagree with the liquidity you think you have with a shared service i do admire your enthusiasm.

MARCO is not about buying the hottest and newest coin and node jumping - MARCO is about protecting capital while exposing it across a broad range of coins with established trade histories to minimize risk through Diversification

"4) I am not contributing my money to inflate your dev fund."  

when you purchase coins from an exchange it does not go into my pocket... it just dosnt work like that

"When you say 100% will be paid, 100% of what?  You're going to pay Marco MN holders in Lizus?
[/quote]"

Say the MUN coin MN earns 100 MUN each day at the end of the week those 700 MUN are then divided by the number of MARCO Masternodes (MMN) say 100 for the sake of example, then 7 MUN are sent out to each of the MMN's - you will have to have a MUN address to receive that payment. for now this will all be done manually.

The idea is actually pretty good and I might invest on this one. I hope the team is active in updating us with the progress. I will bookmark this thread.

reserved

On computer its still too big.

These are genuine questions, please don't take it as FUD:

Are people just supposed to trust that you will run the MNs fairly?  Like, you're going to buy a Lizus MN?  Investors should trust that you will properly set up and run it?  And fairly make payouts?  This sounds very centralized, and it sounds like a lot of money to trust you with.  Decentralization will require this to be sustainable even if you were to one day leave the project.  Can that be achieved?

What is the advantage of using your service over me spending my money to buy 5% of the collateral of each of those MNs (e.g. Lizus and Spark), and investing in well-established MN share groups?  Those groups pool together masternode collateral and pay out shares to the individuals.  So the investment return should be the same as your service, except 1) I am using a more established service, 2) I can control my investment better, and 3) I can pull out my investment whenever I want and 4) I am not contributing my money to inflate your dev fund.

When you say 100% will be paid, 100% of what?  You're going to pay Marco MN holders in Lizus?