Guys sharing an important discussion that happened in discord yesterday morning. Here is a recap of the main points discussed.
Lets recap what we know about this:
1) These are NOT traditional masternodes
2) the sidechain is a token on the main chain which is mined for rewards and using an algo that dual mines with EGEM
3) the sidechain adds a new structure for EGEM to increase transactions and capabilities and is based on working product introduced in industry over a 12-15 year period
4) not even close to proof of stake
5) airdropping sidechain token to all EGEM holders
6) sidechain token is a multiple of EGEM in supply (like 1 egem = n sidechain)
7) buyins are a combo of EGEM and sidechain token and withdraws only in sidechain token
rewards are in sidechain token and EGEM? yes but smaller amounts in EGEM proportionately
9)
sidechain token converts to EGEM with a fee? leave it on exchange
So, the main answer We are hearing from everyone is the cost of around 50k EGEM? rewards of like 10-20% per block?(edited)