Deploy Your Masternode and Get Your Fees Covered

Essentia
Essentia One
Published in
2 min readMar 4, 2021

Update: set up a masternode and get your server fee covered as well as swaps - until June 30th!

We’re excited to announce that we’re launching a fees refund initiative! Currently, in order to set up an Essentia masternode, you need to swap the token for the coin, which requires a transaction over at the Ethereum network. We are aware that Ethereum fees are currently up to the sky, and we want to give our users a helping hand. Also we’re offering an awesome opportunity to set up a masternode and get your server fee covered by us. We’ll be covering all server commissions. Deploy a masternode now, and leave all the fees to us.

While we are still looking for another solution to cut on the commissions, the initiative will help people to install a masternode, and strengthen the Essentia network.

How will it work?

The initiative will be active from March 4th to June 30th. To participate: within 48 hours of the token swap that you performed (ESS to ESSX), please fill in a form with a transaction hash: https://docs.google.com/forms/d/e/1FAIpQLScozB6ptVnp87txFzkDsc3bQgbeiN9pl9usH2taKDxNk9arbg/viewform?usp=sf_link .

❗️ Important note: we will not refund the fees if the gas cost will be done with Gwei higher than 200.

We totally get how frustrating it is to lose so much money on gas fees. That is why we’re working on switching to the Binance chain, and offering more laverage without having enormous commissions.

Before this solution is introduced, from our side, we’re doing our best in order to engage more people in the masternode deployment and thus making the network more stable and secure. With this initiative, we wanted to help our community out, and let them earn that passive income from the masternode set up.

P.S. ANOTHER GREAT NEWS!

Currently, we’re offering an awesome opportunity to set up a masternode and get your server fee covered by us. We’ll be covering all server commissions for the period from now and up to June, 30th.

If you are planning to set up multiple masternodes, it’s your perfect chance to avoid spending a ton of money on fees.

If you have questions about the initiative, or anything else, you are welcome to ask them away in the official Telegram group.

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Essentia
Essentia One

Decentralized data management framework. With one seed, you can control all of your dApps, identities, and assets. Website: essentia.one