Acquire a Masternode and become a part of the Tolar HashNET network
Masternodes are critical for processing transactions and helping secure the Tolar HashNet network. By supporting and actively participating in this process, you can now be a part our network. Masternodes also provide the following special features, which add value to the masternode owners:
Participating in the governance and voting
Enabling budgeting and treasury system of Tolar
Rewards for staking
To become a masternode holder you need to contribute 72.5274 ETH, which equals to 600 000 TOLs. Your stake in one masternode is 500 000 TOLs and it will remain locked as long as you are the masternode staker.
When you launch a masternode, collateral will be in your wallet until you decide to switch to another wallet or sell it. In that case, your masternode will automatically stop working. The lockup period for the remaining difference of your 20% bonus tokens, which amounts to 100 000 TOLs, stays locked for 3 months after ICO. After the 3-month period, the tokens are unlocked and free for you to use.
Tolar Masternode is comprised of:
A masternode operator (owner);
Collateral held in Tolars, which serves as guarantee to ensure masternode doesn’t act maliciously;
Server used as a part of decentralized infrastructure of HashNET.
Masternode Server
Server in this case is a computer or computing-cluster connected to a network; which provides masternode services mentioned above.
Minimum requirements for server are:
Quad core 64bit processor
16 GB RAM
128 GB of available disk space
50 Mbps symmetrical internet connection
Fixed and unique IP (only one masternode can run at one IP address)
***While these are minimum requirements, it is recommended to hold a masternode on a better configuration, especially in higher network load scenarios. In case that your masternode starts lagging behind because of insufficient processing power or bandwidth, it will not receive masternode rewards for those rounds.
Masternode rewards
Since masternode operators are spending their resources to help secure the network, they will be incentivized to keep the masternodes running by receiving masternode rewards.
Rewards are comprised of:
Transaction fees for all transactions that a masternode helped validate correctly and on time, and
Masternode incentives from Tolar monetary reserve fund.
Since rewards depend on the transaction fees, it is clear that rewards will fluctuate depending on the network usage. The more people use the network and make more transactions, the more rewards will the masternode owners receive. To ensure the best possible start of the network, for the first 3 years, if masternode rewards from transaction fees fall below 10%, then part of the rewards will be taken from Tolar reserve fund to secure a minimum of 10% ROI.
Example scenarios:
Scenario 1:
Network constantly running at 0.1% capacity on average, around half of TOL supply in masternodes (around 1000 masternodes).
Generates: (200 transactions/sec * 0.01 TOL (fee) * 31,536,000 sec (1 year)) / 1000 masternodes = 63,072 TOL / masternode
63,072 TOL / 500,000 TOL = 12,6 %
In this case, masternode owners makes 12,6% ROI yearly
Scenario 2:
Network just starting, running below 0.005% capacity on average. Only small part of TOL supply in masternodes (around 200 masternodes).
Generates: (10 transactions/sec * 0.01 TOL (fee) * 31,536,000 sec (1 year)) / 200 masternodes =15,768 TOL / masternode
In this case, part of rewards be taken from Tolar reserve fund (up to 1% of supply per year reserved for masternode rewards).
7,000,000 TOL / 200 masternodes =35,000 TOL / masternode
Total: 50,768 TOL / masternode
50,768 TOL / 500,000 TOL = 10,15 %
Scenario 3:
Network getting a lot of usage and traction (running at 0.2 % capacity on average). A lot of TOL in masternodes (around 1500 masternodes).
Generates: (400 transactions/sec * 0.01 TOL (fee) * 31,536,000 sec (1 year)) / 1500 masternodes = 84,096 TOL / masternode
84,096 TOL / 500,000 TOL = 16,8 %
Masternodes will go live in Q2 2019 with a public release of HashNET chain and switch from mainnet to HashNET protocole.
To become a masternode holder now apply here: https://tolar.typeform.com/to/RWFgxX
Website : https://www.tolar.io/
Whitepaper. : https://tolar.io/wp-content/uploads/2018/06/HashNET_whitepaper_v03.pdf
https://twitter.com/TolarHashNET
This article was created in exchange for a potential token reward through Bounty0x
Username bountyox :
