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Question: Are Masternode Coins ICOs?
Yes - 2 (16.7%)
No - 10 (83.3%)
Total Voters: 12

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Author Topic: Are Masternode Coins ICOs?  (Read 105 times)
togoshigekata
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January 20, 2018, 11:23:47 PM
 #1

"I see that it's not a traditional ICO, but since the architecture is maybe quite centralized (masternodes), perhaps it could be considered "an ICO with more steps"" -theymos forum admin

===

What is an ICO?
https://en.wikipedia.org/wiki/Initial_coin_offering
https://www.investopedia.com/news/what-ico/
https://bitcoinmagazine.com/guides/what-ico/

"In an ICO, some quantity of the crowdfunded cryptocurrency is preallocated to investors in the form of "tokens,""

===

What is a Masternode?
https://coinsutra.com/masternodes/
http://dashmasternode.org/what-is-a-masternode/
https://pivxmasternode.org/what-is-a-masternode/
https://decryptionary.com/dictionary/masternode/

"A masternode is more than just a node. It has a managing role and special jobs that regular nodes don’t have.

- A masternode’s managing role is to vote on proposals to improve the system. Every masternode gets one vote.
- A masternode’s special jobs include creating instant transactions, known as “InstantSend”, and private transactions that hide the fact that you’ve sent money, known as “PrivateSend”."

===

Feedback on Discord:

"Masternodes get paid because they provide a service. An ICO is nothing like that." -SilentLennie

"well they might be in some technical sense but definitely not in the commonly understood meaning of the term" -feedbands

"well, depends on the coin, you can have an ICO with masternodes, such as Academy - or you can have masternodes with no ICO, like PIVX" -John M

"Masternode projects would only be considered ICOs if the coin devs directly sold people coins at a certain price" -Eatbatterys

"an Initial Coin Offering would mean that devs are selling coins at a price point they decide" -Eatbatterys

"if you can mine it then it's not an ICO..." -kusk0r

"ICOs are just a sale of tokens by their creator. Some of them could be masternode coins, but that's not a requirement." -BTCMILLIONARE

"the two things are independent from one another. A coin that has masternodes could have an ICO (Dash did not have an ICO). Similarly, a coin that has an ICO could have masternodes." -TroyDASH

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Flying Hellfish
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January 21, 2018, 12:32:33 AM
 #2

Why was a second thread required for this shit coin?  Some might look at this as spamming for a shit coin...
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