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Author Topic: [ANN] [PRE-SALE 30% BONUS] MASS Token - Masternode And Staking Service  (Read 29148 times)
Cutekittens21
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July 21, 2017, 09:56:22 AM
 #101

I'm very new to the cypto world. Can anyone explain what staking means? If it's anything like the duel arena in runescape, that'd be cool.
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July 21, 2017, 10:01:56 AM
 #102

I'm very new to the cypto world. Can anyone explain what staking means? If it's anything like the duel arena in runescape, that'd be cool.

Staking is similar to gaining interest on a bank account. You leave your coins in a wallet, and you are rewarded for strengthening the network via staking rewards.

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July 21, 2017, 10:30:37 AM
 #103

On your site, it says there will be 61 million MASS tokens in total. That's if they're only bought during the entire ICO? 61 mill with the bonus included or the bonus tokens are added on top of that amount making it 66 million MASS Tokens?

Question about returns:

You have a formula for the returns based on the total amount of tokens staked, time spent, and blocks staked.

Lets say someone has 1 million mass and I have 10,000. I undestand that i'd get a less percentage, but is that the same dollar value as if I was the only one there?
Like 1 MASS = X amount of dollars (well eth or other crypto, but let's just keep it simple) gained no matter the amount of other people present. Assuming full time spent staked in the block for the 28/28 on your formula.
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July 21, 2017, 06:43:57 PM
 #104

On your site, it says there will be 61 million MASS tokens in total. That's if they're only bought during the entire ICO? 61 mill with the bonus included or the bonus tokens are added on top of that amount making it 66 million MASS Tokens?
61 total mass, which is 'basically' 55million mass bought with bonuses etc (then 5mil dev(locked for 1 year), 500k bounties, 500k prior.. i know that isnt exactly 10%+1%+1% but we wanted the cap number to be not all wonky)

Question about returns:

You have a formula for the returns based on the total amount of tokens staked, time spent, and blocks staked.

Lets say someone has 1 million mass and I have 10,000. I undestand that i'd get a less percentage, but is that the same dollar value as if I was the only one there?
Like 1 MASS = X amount of dollars (well eth or other crypto, but let's just keep it simple) gained no matter the amount of other people present. Assuming full time spent staked in the block for the 28/28 on your formula.
it is a pool, so the amount would be dependent on your share of that total stake, let me give you an example:
imaginary reward blocks are say 1000 and the payout for the staking portion of that is 100eth
there are 4 people total staking for all 1000 blocks and each person has 1000 mass(again all of these numbers for ease of use)
the payout run for you would be basically 1000 blocks at 1000 mass which equals 1000000 'stake weight'
now since all 4 people have the exact same mass and exact same 'stake weight' in this example the 100eth reward would be 100/4 or 25 eth each.
in the same example if 10 people were doing the exact same thing exact same 'stake weight' the rewards would be 100/10 or 10eth each.
basically your mass equates to your 'mining power' in the pool, when you stake with it.
Obviously the more mass you have in these examples the more 'stake weight' at the end you would have compared to other people, eg if there were 2 people each with 1000 but you (as the 3rd person) had 2000mass, all equal stake time, and the payout was 100eth you would get 50eth they would get 25 eth each (you are double their stake weight at the end, its just a ratio)

Hopefully I didn't just make that more confusing then it is.
 

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July 21, 2017, 09:07:57 PM
 #105

still no bounty program yet? this token will be anothe hit of the year. i want in Grin

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/iTEX/./INNOVATING TRADING EXCHANGE/.
/Whitepaper/ /Sign Up/ /Buy Token Now/


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UniqueUsername
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July 22, 2017, 01:24:09 AM
 #106

How will the MASS be distributed in each staked block?

It wont matter to me if I have 1000 mass and there are 10 other people with 1000 each. I will still get 9% of the block reward, and so they will each as well
And I will get 9% if there is just me and one other person, 1000 and 10000 MASS respectively. but in this case the one person gets 91% of the block reward.
Which is completely different if that person with 10000 mass was placed with other 10 people with 10000 each, this way they too get 9% each.

Whats the system behind that?
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July 22, 2017, 03:10:27 AM
 #107

How will the MASS be distributed in each staked block?

It wont matter to me if I have 1000 mass and there are 10 other people with 1000 each. I will still get 9% of the block reward, and so they will each as well
And I will get 9% if there is just me and one other person, 1000 and 10000 MASS respectively. but in this case the one person gets 91% of the block reward.
Which is completely different if that person with 10000 mass was placed with other 10 people with 10000 each, this way they too get 9% each.

Whats the system behind that?


Please look at the math of the white paper this is clearly stated in there. I have also explained to you how it works, each block you are either staking or not, each block you stake adds to your staking weight, each block you are not staking adds nothing to your weight, so after 1000 blocks (assuming payout runs were 1000 blocks) you would have blocks-staked * amount-you-are-staking = your final weight for that pay round.

your final weight = your share of pay for that round. your weight and others weight is then broken into percents based on 100% and payouts are distributed accordingly, this is how mining pools do it, its basically the exact same, its set up like this to prevent exploitation.

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July 22, 2017, 03:33:05 AM
 #108

coin stake (POS)? only hold coin for bonus?
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July 22, 2017, 03:33:49 AM
 #109

coin stake (POS)? only hold coin for bonus?

I do not know what this means.
Please read the White Paper https://mass.cloud/MASS-whitepaper.pdf

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July 22, 2017, 03:44:04 AM
 #110

Ah so everyone who staked is contributing to the same block, and there is only one block at a time - that's how percentages are made fair then.
That's why I asked if there are multiple blocks going on at once.
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July 22, 2017, 03:47:11 AM
 #111

coin stake (POS)? only hold coin for bonus?

I do not know what this means.
Please read the White Paper https://mass.cloud/MASS-whitepaper.pdf

sorry I think coin POS
so, I get 30% bonus if buy before 10 million tokens?
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July 22, 2017, 03:51:56 AM
 #112

coin stake (POS)? only hold coin for bonus?

I do not know what this means.
Please read the White Paper https://mass.cloud/MASS-whitepaper.pdf

sorry I think coin POS
so, I get 30% bonus if buy before 10 million tokens?

Yes, if you check mass.cloud, that's your chance to get your 30% more. As soon as that hits 13 million /13 million, you dont get the 30% bonus. They move to the next stage at a lower bonus.
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July 22, 2017, 03:57:22 AM
 #113

coin stake (POS)? only hold coin for bonus?

I do not know what this means.
Please read the White Paper https://mass.cloud/MASS-whitepaper.pdf

sorry I think coin POS
so, I get 30% bonus if buy before 10 million tokens?

Yes, if you check mass.cloud, that's your chance to get your 30% more. As soon as that hits 13 million /13 million, you dont get the 30% bonus. They move to the next stage at a lower bonus.

ok, thank you for info
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July 22, 2017, 04:12:55 AM
 #114

Ah so everyone who staked is contributing to the same block, and there is only one block at a time - that's how percentages are made fair then.
That's why I asked if there are multiple blocks going on at once.

Yes, sorry if I didn't explain it clearer before, everyone contributes (or doesn't if they aren't staking) in each block of ethereum, basically ethereum becomes the official audit trail permanently on the blockchain for everyone to be able to see (we will obviously have a dash/api for this too, but the blockchain will be there as a permanent record).

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July 22, 2017, 04:20:05 AM
 #115

Thank you. Sorry for dumb questions, I am really new to this whole crypto currency environment.
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July 22, 2017, 04:39:44 AM
 #116

Wow! Presale is already 60% full! I went on ahead and threw some more ETH into the mix for the 30% bonus. I have a good feeling about this project.  Cool

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July 22, 2017, 10:53:15 AM
 #117

I'm looking forward to get a look at the bounty campaign... when it'll be online.
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July 22, 2017, 11:44:04 PM
 #118

I'm looking forward to get a look at the bounty campaign... when it'll be online.

Again this is Jamal's department, but this thread is about the project and NOT any possible bounty campaign. Do you have anything to ask regarding the project?

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July 23, 2017, 12:24:56 AM
 #119

Hi masstoken.  Are the ethereum collected from the presale and ico being kept in a multisig wallet?  If it is, who are holding the keys? 
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July 23, 2017, 04:53:15 AM
 #120

if need Chinese translation, PM me.
Let me know when bounty is decided.
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