[ANN] Lytix - PoS Maxnode Crypto Platform

[tybiboune]

yup, syncing from scratch doesn't take too long yet...

I'm working on the last lines of an easy-quick masternodes setup&manager&update script, will keep you posted when I'm done!
For now it's just masternode setup&management but you still can give it a try:

https://github.com/tybiboune/Lytix/

Please bear in mind that you'll need to have a few ipv6 ips setup on your host if you want to host multiple MN on the same ubuntu server.

I'm trying to figure out a way to do it from the script, but many hosts have very different configs so the required files are not always in the same place, and the ipv6 config isn't always written the same way either...

[1715089809]

1715089809

[faetos]

Maxnodes are working in testnet. I have some work to do on the rewards, but they are up and running without issue. Kinda sorta a really big deal.

[tybiboune]

Maxnodes are working in testnet. I have some work to do on the rewards, but they are up and running without issue. Kinda sorta a really big deal.

Who's the boss now??

Congratulations, another big achievement from a very respected and devoted Dev!

The word is out, new daily discord members is increasing... all this hard work is showing first rewards.

In the middle of a gazillion useless crypto projects, I feel proud to be a part of this one.

[faetos]

Maxnodes verified to be on a different payment mechanism is working. We will have a mix of stakers + masternodes splitting rewards and maxnodes on their own super track. Maybe now a good time to grab some Lytix. Too bad less than 120,000 are available to sell on Crex24. Ya'll are going to miss out.

[Lucasgabd]

Maxnodes verified to be on a different payment mechanism is working. We will have a mix of stakers + masternodes splitting rewards and maxnodes on their own super track. Maybe now a good time to grab some Lytix. Too bad less than 120,000 are available to sell on Crex24. Ya'll are going to miss out.

awesome news!
any estimated date for maxnodes launch?
really looking forward!

[ethersalvation]

Maxnodes verified to be on a different payment mechanism is working. We will have a mix of stakers + masternodes splitting rewards and maxnodes on their own super track. Maybe now a good time to grab some Lytix. Too bad less than 120,000 are available to sell on Crex24. Ya'll are going to miss out.

Please report how the mix of stakers+ masternodes works.

[faetos]

Maxnodes verified to be on a different payment mechanism is working. We will have a mix of stakers + masternodes splitting rewards and maxnodes on their own super track. Maybe now a good time to grab some Lytix. Too bad less than 120,000 are available to sell on Crex24. Ya'll are going to miss out.

Please report how the mix of stakers+ masternodes works.

so far the community has decided to set the rewards mix as the following:

Common reward = 30 LYTX

70% Masternodes = 21 LYTX
25% Stakers = 5.5 LYTX
5% Dev fund = 1.5 LYTX

Maxnodes will be on their own payment schedule and as yet to be determined per level. It may be 1-5x the common reward, but we're debating that as well to not run out of coins in a very short time.

We're also debating reducing the reward as well. The discussion on discord is good, so please join us there for more in depth discussion.

Maxnodes verified to be on a different payment mechanism is working. We will have a mix of stakers + masternodes splitting rewards and maxnodes on their own super track. Maybe now a good time to grab some Lytix. Too bad less than 120,000 are available to sell on Crex24. Ya'll are going to miss out.

awesome news!
any estimated date for maxnodes launch?
really looking forward!

There is no hard date set yet, because I am still working on making sure that masternodes, stakers and maxnodes all get paid with every block. I also have to work on the API for data insertion and retrieval as well as encrypting that data. I really see this coming together hopefully by the end of next month if all goes well.

[Lucasgabd]

Maxnodes verified to be on a different payment mechanism is working. We will have a mix of stakers + masternodes splitting rewards and maxnodes on their own super track. Maybe now a good time to grab some Lytix. Too bad less than 120,000 are available to sell on Crex24. Ya'll are going to miss out.

awesome news!
any estimated date for maxnodes launch?
really looking forward!

There is no hard date set yet, because I am still working on making sure that masternodes, stakers and maxnodes all get paid with every block. I also have to work on the API for data insertion and retrieval as well as encrypting that data. I really see this coming together hopefully by the end of next month if all goes well.

thank you so much for the updates and for working so hard!
I wish allcrypto projects did so well as Lytix on communication!

[faetos]

Maxnodes verified to be on a different payment mechanism is working. We will have a mix of stakers + masternodes splitting rewards and maxnodes on their own super track. Maybe now a good time to grab some Lytix. Too bad less than 120,000 are available to sell on Crex24. Ya'll are going to miss out.

awesome news!
any estimated date for maxnodes launch?
really looking forward!

There is no hard date set yet, because I am still working on making sure that masternodes, stakers and maxnodes all get paid with every block. I also have to work on the API for data insertion and retrieval as well as encrypting that data. I really see this coming together hopefully by the end of next month if all goes well.

thank you so much for the updates and for working so hard!
I wish allcrypto projects did so well as Lytix on communication!

thanks, I get complaints that I am not doing enough in that space. I do update on twitter as well with the latest advancements on maxnodes, but some folks would prefer I take selfies and stuff. I think development is a better use of my time and yours

just some fyi on where I am in this process of getting maxnodes going:

1. Main coding for maxnodes - complete
2. GUI work for maxnodes - complete
3. Test activation and proper working of maxnodes - complete
4. API work on maxnodes for data API - we are here
5. Test chain and determine if a side chain is appropriate
6. Research encrypting data insertions by default
7. Testing new client for encryption
8. Spork enforcement of maxnodes to cut over on a certain block/date
9. Test spork
10. Release client and maxnodes
Document and market

The real heavy lifting is done. We're debating how all the rewards are going to work out now with masternodes, maxnodes, and stakers on Discord. I'd love for you to join us there in the #rewards_n_stuff channel: https://discord.gg/BDDgUqG


Medium article covering our initial intentions on the maxnode system: https://medium.com/@faetoslytix/lytix-maxnode-ecosystem-5dfea7589b55?source=friends_link&sk=5d3aabd50e1888338814f381bd19b6aa


Testnet is open and if you want to play with maxnodes and help us hunt bugs please join us. Latest test release is here: https://github.com/LytixChain/lytix/releases/tag/v2.0 … If you find some bugs please post them in our #bugs channel . Thank you for helping out.


We are now on altmarkets.io!

https://altmarkets.io/trading/lytxbtc
https://altmarkets.io/trading/lytxdoge

[Altmarkets]

LYTIX LYTX is live at Altmarkets



Markets:

https://altmarkets.io/trading/lytxbtc
https://altmarkets.io/trading/lytxdoge

[Lucasgabd]

We are now on altmarkets.io!

https://altmarkets.io/trading/lytxbtc
https://altmarkets.io/trading/lytxdoge

awesome!
any bigger exchanges on the plans?

[faetos]

We are now on altmarkets.io!

https://altmarkets.io/trading/lytxbtc
https://altmarkets.io/trading/lytxdoge

awesome!
any bigger exchanges on the plans?

bittrex

[Lucasgabd]

We are now on altmarkets.io!

https://altmarkets.io/trading/lytxbtc
https://altmarkets.io/trading/lytxdoge

awesome!
any bigger exchanges on the plans?

bittrex

oooh, amazing!
this can definitely be a great addition to the project!

[faetos]

New medium article on how our community is working and how we are a real model for a community run coin: https://medium.com/@faetoslytix/community-first-community-run-true-decentralized-crypto-governance-cdd31c41e803

[faetos]

You'll find a proposal sitting in the proposals tab in your wallet ready for voting. It is concerning the changes to rewards, block time and the percentages. It is what is described above and is called "maxnode_changes." If you are a masternode owner please vote. Thanks!

[tybiboune]

...and if you're not, get some LYTX while they're cheap and put some masternodes up!

great job faetos, as usual

[faetos]

i got some weird messages from the mod saying I was trying to bump this or posting multiple times - anyway. So, I'll do my best  to keep you all informed, but most of my posts here were deleted by a mod. If you need better info then join us on discord or telegram. I'll refrain from using this forum in the future.

[Kasperiko]

We are now on altmarkets.io!

https://altmarkets.io/trading/lytxbtc
https://altmarkets.io/trading/lytxdoge

awesome!
any bigger exchanges on the plans?

bittrex

Is this a rumor or is there real information behind this statement?
I think if this news about bittrex is true, i can buy a little.
But so far no real mention of this has been seen.

[faetos]

We are now on altmarkets.io!

https://altmarkets.io/trading/lytxbtc
https://altmarkets.io/trading/lytxdoge

awesome!
any bigger exchanges on the plans?

bittrex

Is this a rumor or is there real information behind this statement?
I think if this news about bittrex is true, i can buy a little.
But so far no real mention of this has been seen.

No, it';s not rumor. It is a business goal of ours. I wanted to get maxnodes completed and launched and then focus on the business parts required for a bittrex listing. The requirements are a bit steep, but doable. Once I get the LLC filed, I'll need to get legal memos in the US and in Malta certifying we're not a security. Only thing holding me back is just money to get it done. Once I get the LLC filed then I'll get the process started for the commercial account and then move on to listing. I'd expect this will take 3-6 weeks, but I am not sure.

[Lucasgabd]

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bittrex

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awesome news!
hope it can really come true!

they're also charging a listing fee nowadays?