 |
July 15, 2018, 11:08:49 AM
Last edit: July 15, 2018, 11:39:33 AM by Sammyola4u |
|
WHAT IS QYNO
Qyno is a blockchain-based financial ecosystem centered around Qyno Coin, a high performance digital currency. The Symbol of this Qyno is QNO. The work of Qyno are to;
(1)use the ASIC-resistant proof of work algorithm that it is stronger cryptographically than other hashing algorithms and is less memory intensive while providing a fair return to miners,
(2)use A proof-of-work (PoW) blockchain is a system that helps to prevent denial of service attacks and spam on the network. This is done by receiving work from the service requester,
(3)Use block generation time which is needed to mine a block. This block time is set as a constant to ensure that miners' computational power will not impact the security of the network,
(4)Used In order to own and operate a masternode, 5000 QNO are required as a collateral. This collateral prevents Sybil attacks on the network whereby would-be attackers are able to setup numerous masternodes and interfere with network operations.
WHAT IS MASTERNODE:masternodes are decentralized servers which host a wallet holding the masternode-enabled cryptocurrency within and provides next-level validation for blockchain networks in ways that standard mining can not, as well as enabling functions beyond what standard proof of work algorithms are capable of.
HOW DOES INVESTOR MAKE PROFIT
With a low cost of entry at 5,000 Qyno per masternode, users can experience the simplicity of generating a return on their investment while sleeping by simply depositing the required amount of coins in their Qyno wallet and getting their masternode started.
After becoming a Qyno masternode operator, annual masternode ROI of 23652% can provide a handsome passive income. Using the Qyno masternode monitor allows operators to keep an eye on the return generated by their masternode and toggle additional features.
What is Qyno aim:is the development of tools and products that can allow everyone access to faster, safer, anonymous, and near-zero cost financial products and services, becoming a reference in the blockchain financial services sector after concluding that others fail to deliver on the goals which are our vision.
The maximum amount of QNO coins to be minted is 100,000,000, the supply release schedule is to avoid inflation while providing the network sufficient liquidity.
TRADING WITH EASE
From the outset, the pillar of the Qyno project will be the Qyno coin, a utility coin with two aims. First, the Qyno coin will function as a stable asset enabling the development of the project's ecosystem. Second, the Qyno coin will reward masternode operators with industry-leading ROI, as masternode operators will earn a generous passive income due to a staggering 90% block reward. The purpose of such a mammoth block reward is to create a very high incentive for masternode operators working to secure the network.
BLOCKCHAIN MADE SIMPLE
Qyno financial ecosystem has, at the core of its mission, the adoption of worldwide users in mind and as such has created a platform for the people. Access to Qyno is global, painless, and offers financial mobility unlike other platforms past or present. Bank account withdrawals and deposits are core functions of the Qyno ecosystem, and ease of these two functions are blended into every Qyno tool available, Because bank deposits are a key factor in financial access globally, the Qyno development team has studied and developed a proof of concept relating to integrating this functionality into the Qyno blockchain with excellent results. Qyno bank deposits are being enabled to function with different accounts such as checking, savings, time deposit, and call deposit accounts.
WHAT QYNO ARE DOING
The Qyno team is concurrently developing functionalities in addition to current milestones as part of the Qyno foundation protocol. The allocation of development resources to research means the Qyno team is perpetually refining and advancing its product for the ease and adoption of users worldwide.
|
