To start a Masternode you need 15'000 PSN in one input block. This means that you will need to send 10k PSN to your Masternode address, all in one transaction. The input must have 15 confirms, before trying to setup masternode.
You need to run some commands inorder to configure your Masternode properly.
Use console command:
Code:
masternode genkey
Copy the result and place that in poison.conf : (change the other values according to your own setup)
make sure Port 12345 can accept incoming connections
Restart wallet and use Console command:
Code:
masternode start
If you get any errors, try starting wallet with masternode=0 before the genkey command. After you generated key with genkey command, change masternode=0 to masternode=1 and restart your node.