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Decentralised Employee and Customer Reward System
Blocknode is a masternode platform with a reward system. Investors will be able to invest their money in masternodes, paying minimum 100 000 BND tokens that will enable them to setup Blocknode masternode and start generating BND tokens as reward.
These tokens can be traded for Bitcoins or could be accepted by the business partners as discount. There is also another option to reward employees, customers and others with tokens that are received from masternodes.
Blocknode will be using a consensus method called proof-of-stake (PoS). In a proof-of-stake system, the coin holder gets paid transaction fees for validating transactions via their wallets. Blocknode is a modified Pivx fork.
By partnering with Blocknode and rewarding employees with Blocknode tokens, you are eligible to have a custom wallet skinned with your company logo featured within the wallet.
Blocknode proposal system
The Blocknode proposal system makes it possible for Blocknode to fund its own development. While other projects have to depend on donations or pre-mined endowments, this project uses the block rewards to fund its own development. Every time a block is mined, 5% of each block reward is allocated to a central fund to independently support the Blocknode development. This means approximately 50,000 BND is available for funding at the end of each superblock. Blocknode community members can submit their own proposal and ask to receive funding for a project that they think will benefit Blocknode as a whole. A collateral transaction of 50 BND is required.
The proposal system entitles Masternode operators to vote for or against the submitted proposals. Voting can be done on submitted proposals using the debug console of each wallet. The last possible date to submit a proposal is 3 days before the superblock.
Masternodes are essentially nodes on the network running the same wallet software on the same blockchain which provides extra services and features to the network and its users.
The primary services that Blocknode masternode provides to the network are:
- Instant transactions
- A decentralized governance
- A decentralized budgeting system
- Immutable proposal and voting systems
The reward for each POS block is : 80% to masternodes, 15% to staking nodes and 5% to governance. The BND tokens in your wallet needs to mature before they can be used for staking – tokens mature after 101 confirmations in your wallet
VPS specifications that are required to run a node (as on May 2018)
- Ubuntu 16.04 VPS with dedicated IP
- 1GB RAM (or 512MB + 512MB vSwap)
- 10GB HDD
Required specifications may increase over time.
It is possible to run several nodes on one single VPS, but you need to have several ports on a server.
You will need one port for every node, one data directory for every node and to bind=(port) in config along with increased hardware specifications.
One more thing – it has to be one fixed external IP address to run locally.
Coin name: Blocknode
Time until max supply: Inifinte
Block time: 120 secs
Total supply: 470 717 206 BND +
Pre-mine: 20 000 000 (distributed)
Halving factor: 0.9 every 64800 block
Masternode collateral: 100 000 BND
Masternode reward: 80%
Staking (PoS) reward: 15%
Stake maturation: 12 hours
Project development start
Early partnership with Blocknode legal work team
End of June – a release of the project
Social media announcements
Wallets for Windows, macOS, Linux Mainnet Genesis block
Listing on first exchange
Listing on masternode websites
Marketing on multiple platforms
Wallets for High Sierra macOS
Listing on more exchanges
Signing small to medium business
More exchanges & CMC listing
Raspberry Pi Wallets
Android wallet to track rewards
iOS wallet to track rewards
Bespoke wallet rollout
Android wallet App
iOs wallet App
BND atomic swaps
Enterprise level partnerships
Blocknode Foundation Launch
Full Zcoin privacy enabled
Side Chain development