PoC Network and Masternodes Update

Hosting a Masternode.

Nodes in the Fulcrumchain architecture are designed to handle approval of transactions based upon 5 levels of network consensus. Enterprises can configure the level of trust and what data is shared. Masternodes stabilize and secure the network by providing services in the consensus mechanism from L1 to L5.

To be eligible to host a FLC Node you must:

  • register with a unique Ethereum address
  • maintain a minimum balance of 100.000 FLC at that address
  • provide public network services
  • pass audits and health checks

Available masternode tiers:

How to apply

  1. Join our Telegram channel for real time updates regarding the availability of the node tiers.
  2. Write to to our community manager Andrew Matthieu https://t.me/Andrew_Mathieu. Feel free to ask any questions about the project whatsoever, he will be at your disposal providing any detail about the project, vision, future plans etc.
  3. 2. Fill in this application form

3. Send funds for the masternode collateral, so that your application is to be eligible.

4. If you just complete the form without actually sending the funds for the collateral your application is void. We order applications and discounts based on the transaction history.

5.Once the transaction is complete and the masternode applications is filled out we are going to send the masternode collateral and register the owner ETH address as a masternode. We will assist every community member in setting up the node.

Benefits of running a Masternode

Apart from being a critical point of Fulcrum infrastructure and an integral part of our developmental progress, becoming a Masternode provides users with access to the potential increases in value from owning FLC. Every Masternode will earn a percentage of the service fee for each transaction it processes. This serves as a passive income, allowing a Masternode owner to increase its holdings of FLC in addition to the current holdings.

Reward mechanism

As we progress with our blockchain solutions we are going to add more more tasks to the masternode network and update the reward strategy. For the time being we opted for a fixed distribution of rewards.Bi-monthly payments are made from the Fulcrum account to nodes, to incentivize them to serve as nodes. To be paid, a node must have been online for the full day, according to thresholds defined by Fulcrum.

We decided to use a fixed reward distribution algorithm:

  • Every 2 weeks each node will receive 5000 FLC in rewards. After 12 months this rewarding model will be changed, to control inflation.
  • BONUS: After 6 months the Masternodes which had an uptime over 75% percent will receive a one time bonus of 2.000 USD worth of FLC tokens, at current market value.

Nodes that are eligible for rewards must have passed all audit checks for the last two hours.

The PoC Network & and a more general context for masternodes

Following several weeks of focused R&D, the last two months saw us rapidly progress development for many solutions from our portfolio especially for the Fulcrum custom loyalty rewards blockchain. On the business side our management team, began pitching our services starting with their personal networks and the possibility of a few strategic partnerships took shape.

We are constantly reaching out to prospective customers to present the benefits of customizable blockchains and what Fulcrum has to offer. While blockchain tech has had a lot of traction lately we like to have something tangible and on point to better explain how exactly our solutions would work.

With that in mind, to better showcase our potential clients the benefits of our blockchain solutions we launched a POC network as a tangible solution for the validation of technical feasibility; system integration,estimation of purpose, expectation, and effort; and identification of performance issues for thorough project development.

The PoC framework and infrastructure, speeds up the time it takes to develop new blockchain prototypes and MVP’s for clients offering insight on the opportunities presented by our blockchain solutions. Apart from this our POC framework is also helps us to :

  1. test our business case assumptions: who the network participants are and which roles they will have, what transactions will they execute, what assets will they exchange, or how end-users will interact with the ledger.
  2. build knowledge on practical concerns, such as the network topology (consensus, peers, channels, certificates), how will you operate the network every day, how you will develop and deploy your smart contracts, or how applications will interact with it.
  3. handling of private data and testing the security environment

Masternodes. the why and how.

Nodes in the Fulcrumchain architecture are designed to handle approval of transactions based upon 5 levels of network consensus. Enterprises can configure the level of trust and what data is shared. Masternodes stabilize and secure the network by providing services in the consensus mechanism from L1 to L5.

The majority of client chains are going to be permissioned blockchains and run in a private/hybrid environment. The nodes in the Fulcrum network will check these blocks and thus function as an audit for the client blockchains. Clients are required to pay audit fees for this service. In practice, the client will buy Fulcrum coins from the open market and use these to fill up the block rewards.

We’re really happy with the performance we’ve achieved so far in our PoC showcases, but we need to scale its sandbox envinronment. This was a chance to involve the community in our building process, and we didn’t hesitate to do so.We could easily bootstrap and provision the needed infrastructure ourselves to build a testnet, but:

  1. an important part of our token economy is incentivising our community to provide services to the network.
  2. testing: client auditing nodes network runs in a variety of configurations and networks we have no control over. We would like to continuously test over all possible use cases and the best way to do that is to have a miniature testnet live.

Previously, we announced that we had closed our Seed Strategic Round raising 1.3 M from accredited investors. These investors are now helping us build and develop a presence in different markets, making introductions to potential partners, and helping us add great team members and advisors to our team.

The Masternode Community Round will allow for a much larger number of people who believe in our mission to participate as early investors. One of the specific goals we had for this round was not to optimize for total money raised, but rather for total people able to participate without being required to be an accredited investor or go through a stringent KYC procedure, the case with our ongoing Series A Strategic Round.

We want as many people from our community to be able to participate as investors in Fulcrum while remaining compliant from a regulatory perspective. For this reason, the only way we can allow smaller investors who are not accredited is by pledging a donation to the project. The same investors will receive a giftdrop from Fulcrum containing 100k tokens and the ability to run a masternode.