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BURN PLAN —MKTCOIN—
Mktcoin since its inception has gone through different stages, which unfortunately most have been disastrous between poor management and poor development for the ecosystem of our valued currency. For this reason, during the last six months we have been proposing different scenarios and developing sustainable alternatives to achieve real stability in our network, which is expected to be appreciated by the community, so that its price is also impacted, in the last semester price wise has been strongly affected without being able to recover its historical maximum.
After these six months we have reached a Burn Plan, which is detailed for you, also what it’s about, its implications and what will be the roadmap to follow.
First Step: A last Chain fork, (already done with v1.2.2); and here a list of objectives achieved:
· The assets that previously were manipulated on the network or those of the previous Development teams that didn’t cooperate, those were definitively blocked.
· Critical errors were corrected, such as the impossibility of sending large sums of MKT that limited it to a couple of million coins, as this was vital to resolve so that the burning of coins avoiding to have errors.
*Block reward increased by x10 (explained above)
Second step: The NFT platform and mBurn addresses.
· The first MKT Blockchain-based NFT platform will be enabled.
· mBurn addresses will be enabled, optional for users who sell NFT, required for Mktcoin (verified) account.
The mBurn addresses have been created so that, no one can access them, nor users and developers, they are literally addresses to burn MKT. Everything that goes in these addresses is unrecoverable and removed from the network forever, thereby guaranteeing a reduction in coins that would implicitly rise the price
The Mktcoin account will release a number of NFT assets within the new platform.
These assets will be sold for the value reached in auctions. Once sold, the winning user of the bid will receive their NFT and their purchase value will be recorded, but the coins that have been used for their purchase will disappear. The higher the value of the assets associated with mBurn addresses, the lower the supply that will be available.
*This raises the possibility of shortages, so without an increase in the reward this could be a problem, so we have considered that the ideal thing to do was to increase the reward. On the other hand, masternode miners were earning 3-4 dollars per year in returns, which is unsustainable for any coin worth its salt. These few rewards have caused a loss of more than 300 masternodes in the last year, a drop of 20%, something that endangered the stability of the network.
We know that the community was concerned about the latest changes in the Mktcoin network, so we hope that this new action plan clears up all doubts about the future of our currency and the decisions made by the development team and as you always know that you can support or ask questions to clarifying doubts in the two most used media, Telegram and Discord.
May 21, 2022
— Mktcoin Development Team.
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Unfortunately the fork process has failed. We have wanted to put everything on our side to help them recover the stolen balances but the blockchain got stuck. We know where the bug is and it has already been patched. We need more than ever your support to update urgently before 3 days to restore the network. Mktcoin depends on this patch, we count on you guys! CRITICAL UPDATE! Or directly from our repository: Steps to follow:
· Download the corresponding mktcoin client.
· Delete the blocks and chainstate folders.
· Load bootstrap or resync from scratch.
· Leave in the mktcoin.conf ONLY the following addnodes
addnode=92.222.181.7
addnode=193.70.112.242
addnode=51.79.73.101 |
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This new update is required, please do so; as always you may download it from our website: Or directly from our repository: |
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Now you can trade MKT with LTC on Exchangeist |
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SIGMA CLOUD STAKING APP RELEASEDVery intuitive app to do Mktcoin staking. How does Cloud Stake work?Just sign up, create a request, send your MKTs, verify the deposit, choose the time of the deposit and voila! Your MKTs will become part of the network of MKT nodes that are doing PoS mining. Once the deposit time is over, your coins will be unlocked and sent to the payment address you indicate. As simple as that. What returns does Cloud Stake handle?Deposits may be for now of 1, 3, 6 and 12 months with returns of 1%, 3.5%, 8% and 18% respectively. A small guide has been included on the app, but if you still need help please refer to the Telegram group for Discord Server You can download it now!: https://play.google.com/store/apps/details?id=dev.mktcoin.cloudstaking |
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If you like to test our introductory Cloud Staking App for Android will be nice to hear your feedback. Coming soon the release on Google Play App Store! You can download it from our website www.mktcoin.org |
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Ready to download from the website, in the next couple of days will be ready to be download it from Google Play. This is a third party development. |
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Last call for Wallet update, supported version is 1.0.3.1, so we won’t support any older version and your futures issues will be on your own.
New wallet, blockchain, mktcoin.conf & peers.dat are available to download from: mktcoin.org
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Mac version is released too!!! It can be download it from main website www.mktcoin.orgAlso download the boostrap, plus mktcoin.conf file and peers.dat (unizip it) and replaced all these files. |
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