Hello all I stumbled across this coin and thought it was a pretty awesome idea. Essentially its a dash clone with additional features built on top and some changes to features. It has all the prereqs for mass adoption as a cybercurrency.
I would like to get in on this and hope the community can answer some questions about some of the features for me especially about the masternodes.
1) I read in the posts that TX was changed to PoSV3, could someone explain to me how this works, especially regarding a set block reward and not a yearly staking rate like in normal PoS? Is it sort of like Clams or Bitbean?
2) With setting up a masternode is the guide on the site accurate? Do you need two separate wallets running or could you do it with two addresses on the same wallet?
3) Could someone explain how to set up a masternode on a dynamic ip address?
Thanks in advance! Looking forwardto getting into this coin soon!
Thank You for coming by our thread. I hope that you will choose to join us. I am not the developer, but I am a community manager of sorts. Infernoman can explain this more technically. But below is the best I know for your questions.
1) I read in the posts that TX was changed to PoSV3, could someone explain to me how this works, especially regarding a set block reward and not a yearly staking rate like in normal PoS? Is it sort of like Clams or Bitbean?
Answer: I am not the technical person on this, but I can assist a little bit. Block reward of 1 TX is split between Staking and Masternodes. ~1440 coins per day.
You can calculate your masternode profit with the below example.
Currently we have 78 masternodes.
1440 coins created a day.
1440 / 2 because PoS and Masternodes are paid 0.5 each.
1440/2 = 720
720/78 = 9.23
So 9.23 TX. per day with a masternode.
Of course as the masternode count goes up, the rewards per masternode will decrease.
2) With setting up a masternode is the guide on the site accurate? Do you need two separate wallets running or could you do it with two addresses on the same wallet?
Answer: Both of the guides are accurate. We have two great community members who wanted to contribute.
Lethax for Multiple Masternodes:
https://docs.google.com/presentation/d/1HuIpcifBthyvp88wRquq9txQMAoDHkemv8Ozt4euw1g/edit#slide=id.p TheCryptoWorld Single Masternode:
http://thecryptoworld.org/how-to-setup-your-masternode3) Could someone explain how to set up a masternode on a dynamic ip address?
Answer: This is what I understand. If you use your current IP address in the masternode setup, and the internet service provider changes your IP the networks should still recognize you masternode. Infernoman can elaborate better on this.
Also another thing. The more masternodes that are up and running the more secure the network is. Another thing to, is that when masternodes ear there rewards they can be staked at the same time in the same wallet, I don't believe another project with masternodes has this feature. Also, the more masternodes the more TX that is not exchanges, thus makes the coin hard to acquire, helping bring the price up and helping create demand.
I hope this information helps you make a decision.
wigitgetit