Masternodes

[ziko1199]

Hello

Is there already known something about, how much coins do we need for masternode?

[Razorbilly1]

I think we settled on 10k coins ?

[tris]

10k as far as I know, but it will be announced.

[JensSteyaert]

Hello

Is there already known something about, how much coins do we need for masternode?

Masternodes are in development at the moment (services provided include instantsend, privatesend, decentralized government of ADZbuzz/ADZcoin), but we don't have an exact launch date but somewhere in February would be a good estimate and in few weeks announcement to the public.

The ADZ needed will be 10K to run a masternode and masternodes will earn 45% of the daily mining rewards.

[ahsanulkhan]

Masternodes are in development at the moment (services provided include instantsend, privatesend, decentralized government of ADZbuzz/ADZcoin), but we don't have an exact launch date but somewhere in February would be a good estimate and in few weeks announcement to the public.

The ADZ needed will be 10K to run a masternode and masternodes will earn 45% of the daily mining rewards.

Would block size increase be included?

[mastwal]

I really dont know much about it but just want to know is every member can put 10K coins there in masternodes and get reward from it ??

[camohitmishra]

I really dont know much about it but just want to know is every member can put 10K coins there in masternodes and get reward from it ??

You will also be required to set up the masternodes and host it the cost of which will be I think $5 monthly. Its a little technical but many tutorials are available on Internet.

[Tarithel]

It's closer to 10 USD per month I think if you want a reliable host, but your estimate is well in the "ballpark".

[detkhobut71]

i take it that it will improve the value of the coin.so if you do nothing and hold coins they will improve in value to

[detkhobut71]

perhapes someone could provide a little more basic information

[JensSteyaert]

This is a good start: https://www.dash.org/masternodes2/ Our system will work similar to Dash.

[JensSteyaert]

i take it that it will improve the value of the coin.so if you do nothing and hold coins they will improve in value to

The demand will surely increase. Dash for instance has over 5000 masternodes running which means 5 million coins have been bought and locked in the wallets. For ADZcoin it will be required to get 10,000 ADZ so if new investors decide to run a masternode as well they will buy 10,000 ADZ on the exchanges and lock them in their wallet as well.

There are numerous coins with masternodes and investors specialized in this diversify their investments by running masternodes of several coins. They offer a valuable service 24/7 and get daily rewards without doing anything else but setting it up.

As for ADZcoin, apart from the increased demand, th instantsend feature is the most important imo. There will be no more delays with the blockchain and transactions will confirm in seconds.

[detkhobut71]

so do we as indeviduals contribute 10000 of our personal coins to where.i see that we can pay someone to set it up.so where do you come in are you going to set it up and we pay you a fee for hosting and opperating it

[Matt_Rocass]

I am also just learning about this concept, but seems promising. The 10k coins that are required are locked forever, or can be withdrawn any time? Can I opt in - opt out anytime I want?

[guilin_czSwwyrIYcIAjMUyTgCRQdq9]

What about masternode by sent the adzcoin that been bought to burnt address?.

[camohitmishra]

so do we as indeviduals contribute 10000 of our personal coins to where.i see that we can pay someone to set it up.so where do you come in are you going to set it up and we pay you a fee for hosting and opperating it

We are yet to conclude on how ADZbuzz get involved in this. We'll announce once we decide.

[camohitmishra]

I am also just learning about this concept, but seems promising. The 10k coins that are required are locked forever, or can be withdrawn any time? Can I opt in - opt out anytime I want?

The masternodes will earn as long as coins are there. Its on the will of the masternode owner. Coins are not locked forever.