Orangecoin Masternodes
Ok everyone its official the new specifications are as follo100ws.
year 1: PoS 20% MN 2%
year 2: PoS 10% MN 1%
year 3: PoS 5% MN 0.5%
year 4: PoS 2.5% MN 0.25%
(this rate is Continuous until 200 million coins has been reached, about 41 years)
MN (masternode) coin requirement is exactly 2,000 OrangeCoins
We want an official announcement, this isn't. I am annoyed, we have got a great coin and are losing time with bad communication, and it's not so much to present things a bit better We need more than those 4 lines with specifications. What is Orangecoin thinking, trying to win time again. I have been waiting long enough, I want to have dates ! I want to know when new wallet will be released and when will be able to start with Masternodes Tell Orangecoin to do better communication. |
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Still valid ! Grab your Silk now !  How can u promote this shit pool !!!! |
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What happened to the anon announcement on 7th of june.
Hi, the specifications for Masternodes are being discussed. The Devs decided to share their thoughts whith the community, before implementing any new specifications. |
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It has been a great discussion time  I can't wait for the new structure and the great Masternodes  A lot of new investors are watching closely and if things work out OC will have a very bright future. |
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Hi Orangecoin, Halofire and Jim Rambler,
It would be great to make, as soon as possible, a new official announcement with new structure, new specifications, new release and all the next future steps and goals for OC ?
It was great and important to discuss about all those ideas, but it is also very technical. And, you all seem to head in the right direction, I am sure you will make the best decision.
But, now, it would be great if you all together took a decision and made a new fresh announcement with all new specifications and future steps.
When could this happen ?
Thanks
We're getting there, I feel the end of this discussion is in sight. You are all doing a great job ! Hope you understand I am loving all this energy ! I just have also the feeling that others are watching and might want to see a few clear announcement sooon  |
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Hi Orangecoin, Halofire and Jim Rambler,
It would be great to make, as soon as possible, a new official announcement with new structure, new specifications, new release and all the next future steps and goals for OC ?
It was great and important to discuss about all those ideas, but it is also very technical. And, you all seem to head in the right direction, I am sure you will make the best decision.
But, now, it would be great if you all together took a decision and made a new fresh announcement with all new specifications and future steps.
When could this happen ?
Thanks
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Oangecoin, Halofire, Jim Rambler, I think you should take a decision. You should discuss all those interesting thoughts and come out with a great structure We reduce the coin cap, keep a nice Pos system and have a great Masternodes system. I think we shouldn't compare too much with other coins. As, what is being decided is being talked about, and is not hidden. All those changes are justified and thought about. The most important is to come out with an attractive and clear structure. And everybody will find it great |
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I would like to not increase the cap. The alternative of decreasing the years slightly, leaving pos the same and taking the masternode rewards from the years.
Coins produced PoS PoS rewards Masternodes MN rewadrs
1 50,000,000 20% 10000000 2% 1000000
2 61,000,000 10% 6100000 1% 610000
3 67,710,000 5% 3385500 0.5% 338550
4 71,434,050 2.5% 1785851.25 0.25% 178585.125
5 73,398,486.375 2.5% 1834962.159 0.25% 183496.21593
6 75,416,944.7503 2.5% 1885423.618 0.25% 188542.36187
7 77,490,910.7309 2.5% 1937272.76827 0.25% 193727.27682
8 79,621,910.7760 2.5% 1990547.76940 0.25% 199054.77694
9 81,811,513.3223 2.5% 2045287.83305 0.25% 204528.78330
10 84,061,329.9387 2.5% 2101533.24846 0.25% 210153.32484
I think doubling those masternode rewards from the above 10% to a flat 20% and reducing the total years instead of 46.
Okay, great ! Maybe, SpecialKey is right. Let's make a strucure around 108 Mio total coin amount with 12 Years. Would this be possible ? |
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And, what is with the opinion of Orangecoin, is he not talking anymore ?
still no any practical things being work out... A lot of practical things are being worked out, but I would simply like his opinion about all the possible new specifications |
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And, what is with the opinion of Orangecoin, is he not talking anymore ?
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It's important to look at the only other coin using masternodes with Anon and how the masternodes effected their price when they went live. And they took 10% of the reward and shifted it to the masternodes https://coinmarketcap.com/drk_90.htmlYes I know this is not us and its a different coin, I only bring it up to show what can happen when 10% of rewards where shifted to Masternode payouts. Because its the only other real example around, sometimes it good to look at others who have done it. As well as for us to guess what will happen when we do it and what could happen. So why are we trying to under-replicate? Do the entire 10% and add it to the coin cap. 220 million. or take 4-5 years off PoS. It still wont affect the price that much if we added 20 million over 46 years to the cap for a feature. Why are we now back to 220 Mio coins  OC can replicate or not replicate is not important, what is important is that we come out with something logical, clear and attractive facts and numbers. I don't know if you notice but all coins are constantly adapting or correcting things to stay competitive. Where is the problem with shortening things up ? |
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Halofire, Jim Rambler,
It would be great if you could make a few calculation on what would be possible with all those great ideas.( New Pos rates, Mnodes rates, New coin capacity, Period)
We might be able to find a great new structure tonight
I am sure you will come out with great numbers.
To determine what the cap max should be if PoS cut 50%: If we cut the PoS by 50%, we would need to reduce coin cap by 1/2 to maintain stakers ROI. Cap at 100 million (or less) to theoretically double the price/value. Add in Mnodes, now coin cap has to be 101,225,000 102.5 million or less. So IMO, 84 or 88 or 102.5 all work. Like this - 1st Year: 10% Pos 2.5% MN - 2nd Year : 2.5% Pos 2.5% MN - 3rd yr/Flat: 1.25% Pos 2.5% MN (102.5 million coin cap) need to plug these numbers in or do you know how many years? I think we should really follow this direction if possible. |
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Halofire, Jim Rambler,
It would be great if you could make a few calculation on what would be possible with all those great ideas.( New Pos rates, Mnodes rates, New coin capacity, Period)
We might be able to find a great new structure tonight
I am sure you will come out with great numbers.
To determine what the cap max should be if PoS cut 50%: If we cut the PoS by 50%, we would need to reduce coin cap by 1/2 to maintain stakers ROI. Cap at 100 million (or less) to theoretically double the price/value. Add in Mnodes, now coin cap has to be 101,225,000 or less. So IMO, 84 or 88 or 101225000 all work for me. That sounds great |
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Halofire, Jim Rambler,
It would be great if you could make a few calculation on what would be possible with all those great ideas.( New Pos rates, Mnodes rates, New coin capacity, Period)
We might be able to find a great new structure tonight
I am sure you will come out with great numbers.
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I think to short a few numbers up will make OC much more attractive.
The value of OC will grow with new POS rates and a new 84 Mio coin capacity. If, you think 8 Years is too short we can play with the rates to get a few more years. Still, I assume it will be more than 8 Years as not all coins will be staking.
I think it could be a nice fresh new structure for OC and we make a nice communication on the new numbers and the masternodes.
If you want 84 million based on BTC's 21 million, yes, the time for minting needs to be extended past 8 years, since BTC has only ~13 million out in circulation. We have 51 million of 84 = 60.7%. Btc is at around 62%. OC % would pass BTC % in a few years, then skyrocket. If we mint out all our coins way before btc does, the OC price curve would take time to catch up, and I'm talking years. I understand what you mean, I think we have to reduce the POS rates and the total of coin amount. The 84 Mio was an idea. I give you an other one: let's make 88 Mio coins capcity reached after 26 Years |
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And, Orangecoin is on a great tempo, still the market is fast and we always have to react and adapt.
You should talk with Orangecoin and Jim Rambler and if it is possible they make a new wallet update release with new Pos rates. And, we make a nice communication on the new OC total coin capacity and new Pos rates.
At the same time, we make a nice step by step guided entrance into the Masternodes and Anon.
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I think to short a few numbers up will make OC much more attractive.
The value of OC will grow with new POS rates and a new 84 Mio coin capacity. If, you think 8 Years is too short we can play with the rates to get a few more years. Still, I assume it will be more than 8 Years as not all coins will be staking.
I think it could be a nice fresh new structure for OC and we make a nice communication on the new numbers and the masternodes.
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I personnaly think we can reduce the POS.
We could maybe decide to bring it down directly to:
- 1st Year: 10% Pos+2,5% Mnodes
- 2nd Year : 5% Pos+2,5%Mnodes
- 3rd year and over: 2,5% Pos + 2,5% Mnodes
Wow!! I will work with those numbers Thank you! I haven't thought to bring year 1 down that low, it made me cringe taking it even down to 15% when working the numbers last night. But we must consider every way possible cryptoba, what would agree on for a coin cap for this example? 200 million would have us pos minting and Mnodes issuing blocks for about 26 years, twice as fast released into circulation. I was thinking about reducing the total amout of OC to something like maybe 84 Mio coins, for example Would this be possible, what do you think ? |
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I personnaly think we can reduce the POS.
We could maybe decide to bring it down directly to:
- 1st Year: 10% Pos+2,5% Mnodes
- 2nd Year : 5% Pos+2,5%Mnodes
- 3rd year and over: 2,5% Pos + 2,5% Mnodes
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Hi Devs,
Would it be possible to make a post on 3 different possible Masternodes specifications and then we make a vote ?
Is this already in plan ?
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