[ANN][DRIP][POS][MN] Now offering masternode monitoring and hosting services

[drip]

For those of you that don't follow Discord, the following is an announcement made yesterday. When we reveal further information on what we've been working on behind the scenes, there may be a new announcement thread on Bitcointalk for DRIP.

Like most projects, we have occasionally made reference to short-term investors and long-term investors. The reality is that we need to get away from this way of thinking. When a project's team distinguishes between investors in this manner, it tends to result in one group of investors, either directly or indirectly, being given less attention when making internal team decisions. The result is usually that one group of investors gets burned and only those that remain profit.

When we do implement 'Spend Privately as Bitcoin', we don't want to do so leaving behind a group of investors who were unable to HODL and, as a result, have formed an extremely negative opinion of DRIP. If we are to achieve our end-goal of mass adoption, we must attempt to bring everyone along on the journey by removing the distinction between long-term investors and short-term investors. To do this, we must give DRIP coin value in the near-term because, until 'Spend Privately as Bitcoin' is implemented, we are no different to hundreds of other coins.

With the above in mind, we have been brainstorming ideas in recent weeks to come up with some additional goals that will drive up near-term demand for DRIP and introduce more people to the DRIP ecosystem. We haven't spoke of this yet for competitive reasons. However, the work has already been substantially completed for one of these ideas and you should expect an announcement in the near future - hopefully, by next week.

As a result of this temporary divergence from the roadmap to introduce more immediate features, we should be able to expand our community much faster and drive up demand for DRIP coins. The end result is that DRIP will have the volume necessary on exchanges to support 'Spend Privately as Bitcoin' when released.

[drip]

Hi team!
I wonder if you have a dedicated team for PR and marketing and how much funding will go into marketing? It'simportant aspect of each plan these days. So?

I agree that marketing is important. DRIP have a monthly budget from which we can extract 10% of total block rewards for that month to fund various initiatives. Obviously, the higher the price for DRIP coin, the higher the budget will be. The announcement we make next week should drive up demand for DRIP and should also result in an increased awareness of DRIP among the communities of other coins. This will be the first step so stay tuned for more details  

[drip]

Are you the owner of one of the 432 DRIP masternodes that have been active for 30 days or more? Are you a little confused by receipt of a payment of 2.31481481 DRIP in your wallets for each of your masternodes?

This payment was part of a live test of the 'automated revenue sharing' aspect of the announcement that will be coming next week.

Basically, next week, DRIP will introduce the first of, what will eventually be, a suite of services offered by the DRIP team. These services will all require payment via DRIP and a portion of the revenue will be shared among our longer-term masternode holders.

BTCBTC Advantages Offered By The Above Plan BTCBTC

• It will encourage people to hold masternodes for 30 days or more, resulting in an even more stable network;
• Typically, masternode rewards decrease as the number of masternodes increase on a network. With the introduction, and automation, of revenue sharing, masternodes will now have a second, and increasing, form of rewards;
• Demand for DRIP coin will increase when new people join the DRIP community and need to pay for these services - as DRIP will be the only form of payment;

As always, feel free to submit suggestions for DRIP to consider

[leetlezee]

Are you the owner of one of the 432 DRIP masternodes that have been active for 30 days or more? Are you a little confused by receipt of a payment of 2.31481481 DRIP in your wallets for each of your masternodes?

This payment was part of a live test of the 'automated revenue sharing' aspect of the announcement that will be coming next week.

Basically, next week, DRIP will introduce the first of, what will eventually be, a suite of services offered by the DRIP team. These services will all require payment via DRIP and a portion of the revenue will be shared among our longer-term masternode holders.

BTCBTC Advantages Offered By The Above Plan BTCBTC

• It will encourage people to hold masternodes for 30 days or more, resulting in an even more stable network;
• Typically, masternode rewards decrease as the number of masternodes increase on a network. With the introduction, and automation, of revenue sharing, masternodes will now have a second, and increasing, form of rewards;
• Demand for DRIP coin will increase when new people join the DRIP community and need to pay for these services - as DRIP will be the only form of payment;

As always, feel free to submit suggestions for DRIP to consider

Looking forward to this announcement. I changed VPS servers for my masternode, so did not receive the test payment, but looking forward to seeing how the revenue sharing plays out in the future.

[Maverik93]

Hi guys, I would like to send 25 DRIP to 5 first people who send me via PM their DRIP address. DON'T post in this thread your address!

[Andreg]

How many coins are required for staking atm?
just to have a decent shot at daily rewards

[Maverik93]

How many coins are required for staking atm?
just to have a decent shot at daily rewards

(21,255,062-8,800,000)/1440=8,649 coins about are required for a daily staking reward!

[drip]

The DRIP masternode hosting Discord bot is open for business. Obviously, we're in the early stages here so we need to start off slowly (albeit not 'MANO-slow' :smile: ). We're going to start by offering 5 DRIP masternodes and a limitation of one per person to allow a few people to try the service out. When we have monitored stability for a few days, we'll start adding other coins multiple times per week.

To set up a masternode using our service is as simple as the following:

Step 1 - Get a Quote for 3 and 6 months hosting service
!dripmn newquote

Step 2 - If satisfied with the quote, get a payment address to fund your account (do not send masternode collateral here - the 10,000 stays in your own wallet)
!account payment

Step 3 - After funding your account, use one of the following commands, depending on whether you're opting for 3 months or 6 months
!dripmn getconf3
!dripmn getconf6

When you complete the above, you'll be DM'd instructions on how to deal with the local side of things.

[drip]

We now have the first masternode hosted via DRIP Masternode Hosting Services up and running. 

[drip]

The rewards have started coming in for the masternodes hosted on the brand new, Discord-based, DRIP Masternode Services hosting platform.

This confirmed successful launch means that we can now start looking towards addition of our next coin. 

[drip]

DRIP is in the process of ramping up a masternode hosting service and, as suggested by our community, Infinex is the second coin added.

For every coin added, there's going to be a free Discord bot service that can give you statistics for, not just the IFX nodes hosted by us, but all your IFX nodes hosted anywhere.

In short, you register your nodes with the bot by typing [!mynodes register iEivpQ5HqZJfVwbF8hxDiDU8gVeyDq7ig4], remove nodes from the service by typing [!mynodes remove iEivpQ5HqZJfVwbF8hxDiDU8gVeyDq7ig4] and get the status of all registered nodes for IFX, and other coins, by typing [!mynodes status]

We'll also be adding the **optional** ability to register email addresses with the service in the near future - so that users can be notified via email as well as Discord DM, if any of the nodes hosted by DRIP go down.

A sample screenshot of the result from the free service is attached.

[janarel]

I like the way Drip is heading, and looking forward for the road ahead:)
People new to the coin should join the discord where there is good discussions and a nice community environment:)

[drip]

I like the way Drip is heading, and looking forward for the road ahead:)
People new to the coin should join the discord where there is good discussions and a nice community environment:)

Thanks Janarel 

[drip]

UPDATE FOR TODAY

• As expected, the DRIP masternodes hosted by DRIP Masternode Services continue to run smoothly and without issue. There are still two DRIP masternodes available within the bot - with more to be added in the near future.
• The first batch of revenue sharing payments for our masternode holders have gone out. These will be automated and a nice addition to the standard masternode rewards that everyone is receiving.
• The masternode monitoring service is up and running with new features and continuous improvements to be expected in the future. The commands can be viewed in #bot-commands on Discord
• The listnodes commands, also seen in #bot-commands, have been added to allow you to quickly check what nodes you are hosting with DRIP Masternode Services and how long remains in your service before next payment is due
• IFX has been added to DRIP Masternode Monitoring Services. As such, you can check the status of any Infinex node via [!ifxmn status [address]] or you can add it to your monitoring service via [!mynodes register [address]]
• IFX has been added to DRIP Masternode Hosting Services. As such, you can now set up your IFX masternode server via the simple commands you'll see in #bot-commands. There is an initial allocation of five nodes - with more to be added in the near future.

[drip]

UPDATE FOR TODAY

• As we told you during the weekend, the [!mynodes status] command was introduced to allow users to check the status of any nodes they are monitoring via DRIP Masternodes Services at any time. The first step towards automated monitoring is now complete. Whilst [!mynodes status] shows details of all nodes registered, users with nodes registered will now get a DM every 24 hours for each masternode registered that is:
  
  A:) Not in ENABLED status;
  B:) In ENABLED status but still awaiting first reward; or
  C:) Can no longer be found in the list of active masternodes;
  
  
• We believe now is a good opportunity to investigate the next coin addition. Feel free to discuss among the community as community discussion is one of the major factors we'll take into consideration when deciding on the next free listing of a new coin. We'll aim to add a new coin by mid-week;
• After the new coin is added, the next step will be to add some additional flexibility into the automated monitoring. The first step here will be to allow users to modify the time(s) they receive DM's about nodes in the above statuses. The goal is to send out statuses every 3 hours and to allow users to select to receive DM's during any, or all, of these 3 hour intervals. However, as always, community input is welcome
• Having introduced the flexibility we talk about in :three:, we'll list the next coin
• As part of the planned continuous improvement to the BOT, the next step will be to give users the optional ability to register an email address so that they can be sent the notifications referred to above via email as well as Discord DM

[leetlezee]

How about detailed steps to ask for listing new coins on the DRIP MN monitoring and hosting services?
And listing fees, how much does it cost per month?

The hosting fees are paid in DRIP and it will cost the equivalent to $3.99 per month for 3 months prepaid or $3.39 per month for 6 months prepaid.

When listing a coin to host, we'll also add to the monitoring service.

Right now, we're attempting to find coins where it'll be mutually beneficial for us to list, i.e. we are looking coins with active Discord groups and that our community agree to list. For now, such coins will be listed for free in return for advertising the services to their community. In short, everyone benefits.

When listed, a coins entire community can make use of the free portion of the service as it's not limited to the nodes hosted by us - it can track all nodes for that coin.

That is a good deal! Costs less than Vultr for hosting while also having node monitoring! Can't wait to see more coins listed!

[drip]

Update for Today

Users of our free Discord Masternode Monitoring Service and our low-cost Discord Bot controlled Masternode Hosting Service now have the option to monitor and host GambleCoin (GMCN) masternodes.

[drip]

Update for Today

Users of our free Discord Masternode Monitoring Service and our low-cost Discord Bot controlled Masternode Hosting Service now have the option to monitor and host SmartFox (FOX) masternodes.

[drip]

Update for Today

Users of our free Discord Masternode Monitoring Service and our low-cost Discord Bot controlled Masternode Hosting Service now have the option to monitor and host MoonDEX (MDEX) masternodes.

[oakbtc]

You Just care about your money, how about the MN investors.
Nothing left, only huge losses!
Devs are liars!!!
 

https://i.imgur.com/qhAiCch.png

EXCHANGE · WEBSITE · WHITEPAPER · WALLETS · DISCORD · FACEBOOK · TWITTER · GITHUB · EXPLORER

Decentralized Rewarding Instant Payments - DRIP Coin

DRIP is an open source crypto-currency focused on fast private transactions with low transaction fees and minimal environmental footprint. It is a fork of the latest version of PIVX which now offers, among other features, private staking. At the beginning, DRIP will offer the additional feature of a portion of each block reward going to retailers and/or charities (further detail below). As a community governed coin with a different community to PIVX, this will only be the first in a long list of differences coming soon. Further information will be available in our whitepaper - which is linked to above.

DRIP utilizes a custom Proof of Stake protocol for securing its network and uses an innovative variable seesaw reward mechanism that dynamically balances 90% of its block reward size between masternodes and staking nodes - with the remaining 10% dedicated to community budget proposals. A further portion of the block reward is assigned to the last person to whom the PoS winner of each block has sent coins to. The purpose of this is to incentivise retailers to accept DRIP - as acceptance of DRIP will result in being paid for their product or service AND getting an opportunity for further awards.

Should the miner of a block not have sent DRIP before, i.e. they have only set up a wallet and received money, the reward that would normally go to the retailer will go to a DRIP address reserved for charity. Coins in this address will be sold off at regular intervals and the proceeds donated to various charities.  

The primary goal of DRIP is to achieve a decentralized sustainable crypto currency with near-instant, private transactions, fair governance and community intelligence.

• Anonymized transactions using the [_Zerocoin Protocol_]
• Fast transactions featuring guaranteed zero confirmation transactions - _SwiftX_
• Decentralized blockchain voting utilizing Masternode technology to form a DAO. The blockchain will distribute monthly treasury funds based on successful proposals submitted by the community and voted on by the DAO

More information at [dripcoin.tech](http://www.dripcoin.tech)


Coin Specs

Block Time	60 Seconds
Difficulty Retargeting	Every Block
Max Coin Supply (PoS Phase)	Infinite
Premine	290,000 DRIP*

*40,000 DRIP will be used to run four developer masternodes, resulting in a stable network. The other 250,000 coins will be distributed to the community using the various approaches detailed in our whitepaper and social media groups. These tokens will not be staked or used for masternodes during the distribution phase and any undistributed tokens will be burned on the day we list on an exchange.


Reward Distribution

Block Height	Reward Amount	Notes
1	290,000 DRIP	Primarily for distribution to the miner community

PoW Rewards Breakdown

Block Height	Team
2-120	2 DRIP

PoS Rewards Breakdown

Phase	Block Height	Reward	Masternodes & Stakers	Retailer/Charity	Budget
1	121-43200	11 DRIP	10 DRIP (90% staker)	1 DRIP	10%
2	43201-129600	151 DRIP	150 DRIP seesaw	1 DRIP	10%
3	129601-216000	131 DRIP	130 DRIP seesaw	1 DRIP	10%
4	216001-302400	111 DRIP	110 DRIP seesaw	1 DRIP	10%
5	302401-388800	91 DRIP	90 DRIP *	1 DRIP	10%
6	388801-475200	56 DRIP	55 DRIP *	1 DRIP	10%
7	475201-561600	46 DRIP	45 DRIP *	1 DRIP	10%
8	561601-648000	26 DRIP	25 DRIP *	1 DRIP	10%
9	648001-734400	11 DRIP	10 DRIP *	1 DRIP	10%
X	734401-Infinite	5.5 DRIP	5 DRIP *	0.5 DRIP	10%

*After block 302,400, the reward split between masternode and staker will move from the seesaw algorithm to a fixed reward based upon whether the staker is staking DRIP or zDRIP. If the staker is staking zDRIP, they get 60% of the reward. Otherwise, they get 40%. The remainder goes to the masternode.


Token Distribution Details


Pre-Mine

40,000	Four masternodes to be run by team in order to maintain a stable network until other masternodes come online (burning of these tokens will happen after phase 3)
20,000	To be used for the DRIP coin bounty programs
230,000	To be distributed to miners - and not to be staked or used for masternodes whilst awaiting distribution
290,000	Total

Fundraising

Through miners mining to DRIP-owned LUX and RVN addresses, we secured funding for the following:

First Exchange Listing	0.7 BTC
masternodes.online	0.2 BTC
masternodes.pro	0.1 BTC
Second Exchange	1 BTC

https://cdn-images-1.medium.com/max/1600/1*6c2fRIBbANUxdwe48y2JFQ.png
https://pbs.twimg.com/media/DcXv2ExX0AIER6k.jpg