GINcoin: Q&A

ghebortz & bredex, Dev Team

1. Why is your coin named GIN?

ghebortz: Funny story — the original concept for what the coin was supposed to do was way (way) different than what we have right now. It was game-related (think Gin Rummy). Also, the guy who coined (sic!) the name likes drinking gin. So… no deeper meaning. I’s short, easy to remember and sounds nice/familiar.

2. What’s GIN?

ghebortz: GIN is 3 things, actually:

The community we’ve built (Looking at you, dear interviewer, Tiamo, Crypto Capone and Crypto Punisher).

The Coin (currently trading on Crypto-Bridge).

The Masternode Setup Platform.

3. What problems are you looking to solve?

ghebortz: We’ve identified two main problems that had no real solution until we came along.

Deploying and running a Masternode was really, really difficult for people with little to no programming experience. So this one we solved.

The second issue we wanted to tackle (still working on it!) is a financial one. Owning a Masternode requires quite an initial investment. We know that people tend to pool their resources and run one together, but to do that they need to trust a third-party with their funds. Not scalable and potentially fraught with issues. So what we’re looking to do is extend the platform to accommodate shared Masternodes.

4. What sets GIN apart?

ghebortz: We have a great product (humble, I know) and we’re working really hard to make it even better. Aside from that, we have a no-nonsense attitude. We found 2 problems we want to fix and won’t stop until we see them fixed. Period.

5. What’s the core team’s background?

ghebortz: We are a team of software devs and marketing people with a long series of business ventures. Some successful, some less so.

6. Why should anyone care about MasterNodes?

bredex: I think masternodes are a natural evolution to miners. Right now they coexist, but in a world concerned about power consumption, more and more blockchains will switch from PoW to PoS and masternode support will be built into more and more of the established blockchains. Gradually, miners as we know them today will probably disappear completely and be replaced by their rightful heir — the masternode.

7. Why are you trying to promote MN-based coins?

bredex: sometimes, I ask myself this same question. We are not, though. We enable people who care about these coins to create masternodes without technical knowledge. As part of this process, we openly announce new coins that have been added to the GIN Masternode Setup Platform , but in fact we only care to offer as many options as possible to our customer, the MN owner. We are not actively promoting coins that are not on our platform at this time — it’s not our business model.

8. What would you advise any crypto enthusiast to do if they’re interested in MasterNodes?

ghebortz: Read. A lot. Then read some more. Then invest only what you can afford to lose. And definitely give our platform a try.

9. Who is your closest competitor?

bredex: Good question! Frankly, we don’t have one right now. We are the only platform of this type.

10. Can you provide specifics on how the roadmap looks for 2018?

bredex: Our main focus right now is to build the shared masternode functionality. We need to have a good transaction volume on GIN and incorporate a company in this process, but the focus is on the platform.

At this time, our activity branches into 3 broad areas:

- Deliver new coin support on the platform (launch new coins as frequently as possible).

- Develop the shared MN support and the secondary market for shared MNs.

- Administrative — incorporating the company, hiring people etc.

11. Plans for other exchanges?

bredex & ghebortz: We’ll see after we reach a decent volume on Crypt-Bridge. While we do believe in what we’re doing, we don’t rush into things. As mentioned before, we have a lot of startup experience and we know better than planning too far ahead. Especially in niche as volatile as crypto.

12. What will the roadmap look like after 2018?

bredex & ghebortz: A year is ages in crypto. Let’s see how the masternodes landscape is shaped by our first year and discuss then. We found 2 problems, we’re gonna fix them. For now, that’s the roadmap.

In 2018 I started deep diving in the PoS and MN’s realm, I had succesfully configured at least ten Master Nodes by the time I found out about Gin. It immediately made sense to me, if somebody does not have the skills or the time to learn how to set a MN properly and securely, Gin is for you, it walks you through the whole process, and is bomb and dumb proof.

Confession:

I initially configured my first Gin MN myself, and was set to deliver MN rewards after +24 hours of waiting. Then I set up my second Gin MN through Gin solution, at the end of those 24 hours.

Guess what?! After 36 hours of me configuring my first MN, it had not delivered rewards (I had incorrectly configured the first MN), but the second MN had delivered the rewards, and it took me one third of the time to configure.

Conclusion:

If you bound to make mistakes configuring anything, and you want to own a Master Node, look no further, go use Gin.

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