In this article we gonna describe:
1. What is masternodes (MN)?
2. Why we use them in GEXAN blockchain.
3. What benefits MN holders will have.
4. How to install masternodes.
_________________________________________________________________
1. What is masternodes (MN)?
You can read a full description about masternode in many guides.
But in the short meaning — Masternode is local wallet raised on unique IP (vps, pc) to help the chain sync faster and provide instant-pay feature. To setup it you must achieve fixed amount of coins (5000 GEX) and lock them at this wallet. For providing a masternode you will have 40% of block reward, which will be split between all masternodes in the network
2. Why we use masternodes in GEXAN blockchain?
Masternodes in GEXAN network working as an additional synchronization post between all nodes in 24/7 mode.
Regarding the masternodes, transaction speed and level of their security drastically increases.
They are also working as an additional security point for smart-contracts and boost mechanism for payment display.
3. What benefits for masternode holders?
On top of technical meaning, each masternode installation will provide additional demand for GEX coins and decrease the total supply amount on the market. (because you must lock in 5000 coins inside your masternode to set it up)
Below we show you an average ROI% for masternode owners:
As you can see the MOST PROFITABLE period will starts at 50 000+ block count and will decrease at 70 000. It is about 14 days (each day Gexan network got ±1440 block distribution). Even if you will have just 1 masternode it will be a HUGE and profitable investment starts from 673%.
ATTENTION! Even if you have less then 5000 GEX you still can EARN PROFIT by simply having GEX coins at working local wallet. It’s called a Proof-of-Stake system. (approx. minimal comfort amount for PoS — from 100 GEX)
Coins that are leaving on the Exchange wallets are not involved in PoS!
3. How to install masternode?
Every person could install GEXAN masternode in 3 simple steps.
1. Get 5000 GEX coins. You can do that by joining our IEO (Initial Exchange Offering)
2. Download a local wallet for your OS.
3. Create new Gexan address (navigation menu > receiving addresses > new) inside local wallet
4. Send exact 5000 GEX to this new address. Get TXID
5. Next you will have 2 options:
- Use ONE-CLICK services to setup masternode
- Install it by yourself renting VPS server
For the 1st option use this platforms: Gentarium | Trittium | Midas
For the second use our MN-setup guide and semi-automatic script
If you have any additional questions you can in our official channels:
Telegram — https://t.me/gexanlottery
Discord — https://discordapp.com/invite/6ndYV3b
GEXAN | More than just a lotto
