[ANN] [PoS/MN] Gentarium (GTM) | Masternode hosting platform | Shared MN service

[tranthidung]

What cause yesterday drops of Gentarium?
I felt satisfied with my decision to fastly caught cheap Gentarium yesterday, but I still wanted to know why GTM fell like this.
Masternode investors cashed out or something relates to technical aspect of Gentarium platform.
I tend to fall into the first theory, masternode investors cashed out.

[SunStruck]

What cause yesterday drops of Gentarium?
I felt satisfied with my decision to fastly caught cheap Gentarium yesterday, but I still wanted to know why GTM fell like this.
Masternode investors cashed out or something relates to technical aspect of Gentarium platform.
I tend to fall into the first theory, masternode investors cashed out.

Could have many reasons , maybe someone wanted to liquify quick to invest in some new project.

[prototip0007]

Why reduce the reward by voting? It is not easier to reduce rewards depending on the block. Every 1000 or 2000 blocks reduce rewards by 22 percent. And make such a ladder three times. Thus, normally reaching a shortage of coins. It will be competent. Then do a slower decline in rewards.

[vella85]

Why reduce the reward by voting? It is not easier to reduce rewards depending on the block. Every 1000 or 2000 blocks reduce rewards by 22 percent. And make such a ladder three times. Thus, normally reaching a shortage of coins. It will be competent. Then do a slower decline in rewards.

Well the team have left it up to the community to vote so lets see what the outcome will be. I personally think that GTM is doin g just fine the way it is but the dev team thought that a change needs to be made and I support that decision. Time will tell if it was the right move letting the community vote.

[Sellman]

Well the team have left it up to the community to vote so lets see what the outcome will be. I personally think that GTM is doin g just fine the way it is but the dev team thought that a change needs to be made and I support that decision. Time will tell if it was the right move letting the community vote.

During the last week, one of the best things we have witnessed from Gentarium, is the coin has almost found its bottom.
Where is the bottom of Gentarium in current period?
I believe that 10k satoshis is a very strong support for Gentarium, for now, not sure in next few months.

[percy_tc]

What happened with the website?

Maintenance

[vella85]

What happened with the website?

Maintenance

The site is back up and running as it normally is. There was an announcement about the site going down for around 2 hours for maintenance in their discord so I highly recommend you and everyone else to join their discord as that's where 99.9% of the news updates are posted. 

[Tsepai]

Thank you to the developers for creating such a convenient service. It's pretty simple and easy to understand, use it with pleasure. And instant nodes in General super, all quickly and without any problems.

[vella85]

From what I am seeing in the discord there could be another wallet update coming soon once the voting is complete for the reduced block rewards. It will be interesting to see how GTM will do once this is complete whether it will help the price stabilise or not as that is what the team are trying to achieve with this reduced block rewards but lets see what the community decides with the vote.

[SunStruck]

From what I am seeing in the discord there could be another wallet update coming soon once the voting is complete for the reduced block rewards. It will be interesting to see how GTM will do once this is complete whether it will help the price stabilise or not as that is what the team are trying to achieve with this reduced block rewards but lets see what the community decides with the vote.

Yea started to gather more masternodes , putting my bet on an increase in price due lower supply.

[vella85]

The vote is over with the majority of the GTM community voting to have the rewards cut by 66%. The team will also reduce the maximum supply with a coin burn. The team have decided to burn 50% of all the income that the platform brings in from the 1st of April to the 15th of April. They will publish the burn address soon for everyone to keep track of the burn process. They also want to reward masternode holders who have been holding their masternodes and didn't dumped after CB re-enabled trading with the other 50% income generated from their platform. GTM masternode holders that have masternodes on the GTM platform will be rewarded with this 50% from April 1st and up to April 15th. More news to come on Monday or Tuesday next week. 

[Bitcoin Miners]

Who bought Gentarium coin when it dipped to nearly 10k satoshis around less than one week ago, has almost doubled capital after less than one-week.
It's very profitable investment this time with Gentarium.
Gentarium has been one of biggest and most trusted masternode hosting service platforms, and will keep its strong position for a long time.

[vella85]

Who bought Gentarium coin when it dipped to nearly 10k satoshis around less than one week ago, has almost doubled capital after less than one-week.
It's very profitable investment this time with Gentarium.
Gentarium has been one of biggest and most trusted masternode hosting service platforms, and will keep its strong position for a long time.

Yep, people were crazy to dump their coins once CB opened up deposits but the ones who held their masternodes on the GTM platform will be greatly rewarded once the new wallet is released. Rewards will be going out on April 1st - 15th so be sure to keep your masternodes running.

[NeuroticR]

Gentarium emission will be reduced since the block rewards will be cut down to 66% as per the voting results. The maximum supply will also be reduced. Gentarium will burn 50% of all income of their platform from the 1st till 15th of April. They will publish the address for coin burn in due time.

But it does not end there. To support faithful owners of MN, the remained 50% of income of the platform from the 1st till 15th of April will be distributed between all GTM MNs hosted on the platform till April 1st and active at least till April 15th. This initiatives will continue in future as well, according to Gentarium's ann on their Discord server.

They are expecting to announce the new wallet on Monday and block reducing should take place on Tuesday.

[Sellman]

The figure you shown makes sense, Neurotic.
block rewards decreased 66 percent, that boosted the price moved up nearly 80 percent.
I think that block reward decrease after voted, and rise of Gentarium coin have highly correlation.

Gentarium emission will be reduced since the block rewards will be cut down to 66% as per the voting results.

[prototip0007]

Every day there are 1426 blocks. This is about 9000 coins. If the block reward is reduced by 66 percent, then 3,060 coins will be issued every day. To pay 1 masternode, at the current price of the coin, 0.21 coins are required. Now placed 11,189 masternodes. It turns out that every day, the payment will require 2350 coins. So 710 more coins, every day, will be thrown on the exchange.
In order for the coin to grow in price, you need at least 14,600 masternodes placed on the hosting. Then there will be a shortage of coins to pay for hosting and the coin will start to go up.
If the price of a coin rises, then even more coins will be thrown on the stock exchanges, since less coins will be needed to pay for the masternode. So the number of masternodes hosting hosted should be even more than 14,600

[vella85]

Every day there are 1426 blocks. This is about 9000 coins. If the block reward is reduced by 66 percent, then 3,060 coins will be issued every day. To pay 1 masternode, at the current price of the coin, 0.21 coins are required. Now placed 11,189 masternodes. It turns out that every day, the payment will require 2350 coins. So 710 more coins, every day, will be thrown on the exchange.
In order for the coin to grow in price, you need at least 14,600 masternodes placed on the hosting. Then there will be a shortage of coins to pay for hosting and the coin will start to go up.
If the price of a coin rises, then even more coins will be thrown on the stock exchanges, since less coins will be needed to pay for the masternode. So the number of masternodes hosting hosted should be even more than 14,600

In time this will most likely happen however we also need liquidity and we don't want GTM to be too rare. Now as the dev will reward masternode holders for holding and not dumping when CB opened up deposits/withdrawals, they also said that this won't be a one time thing and is only the beginning so I'm guessing that this might end up being a regular thing as an incentive for masternode owners to keep holding long term, similar to how people that hold BCO keep holding to earn the dividends from CB fees. 

[NeuroticR]

Gentarium will be rewarding GTM masternode holders on its platform. From 1st to 15th April, 50% income of the Gentarium platform will be distributed to GTM MN owners there.
Gentarium has recently reduced coin emission and supply, paving the way for a stable value. To me, this coin project has great potentials.

[vella85]

Gentarium will be rewarding GTM masternode holders on its platform. From 1st to 15th April, 50% income of the Gentarium platform will be distributed to GTM MN owners there.
Gentarium has recently reduced coin emission and supply, paving the way for a stable value. To me, this coin project has great potentials.

This is what I like as it gives people holding GTM masternodes an incentive to hold and run their masternodes on the Gentarium platform. From what I understand in the dev announcement, that this is just the start so there could be more coming in the future which I think will attract a lot of people buying and holding GTM masternodes.

[thd26bct]

This is what I like as it gives people holding GTM masternodes an incentive to hold and run their masternodes on the Gentarium platform. From what I understand in the dev announcement, that this is just the start so there could be more coming in the future which I think will attract a lot of people buying and holding GTM masternodes.

In my memory, last two times when Gentarium dived to nearly 10k satoshis, weeks later, it rose to about 20k satoshis.
So, please be smart with your orders everyone.
Today is April Fool, but I am not joking with the post and you can verify the fact with Gentarium's price chart very easily.