Re: [ANN][CRW] CrownCoin (SHA256) | Masternodes (Thrones) | DGW | Mergedmining | etc
what is thrones ? how they work? is this like interests system? or staking POS?
Thrones are supernodes wich support the Crown network. They have several uses:
1. They allow you to make money when users set them up (40pct of all Crown mining goes to Throne operators, the remaining 60pct goes to typical crypto miners)
2. They make the Crown network more decentralized and therefore secure
3. They will be also used as a backbone platform to build several applications on the Crown network
4. You dont need a supercomputer to mine CRW - with Thrones you do it with cloud VPS with a minimum cost - therefore anybody can set them up - the system is therefore more democratic
5. You need a 10k CRW as collateral to set up one Throne (this way CRW is kept away from the market and capitalization will grow)
6. One Throne currently pays around 20USD per month
You can see more info here:
http://www.crowncoin.org/crowncoin-mining.php
so it is not for common users or anyone? only crowncoin staff and big holders can use this.?
or anyone can get thrones?
Anyone who has at minimum 10,000 crown coins can set up a throne. Though the process can be a bit difficult. So I would not say it is only for big holders or developers, as it is approximately a $200 initial investment to get started with the ability to recoup 70-80% of the initial investment within one year.
ROI in less than one year IF the price doesn't increase. I think it is likely that the price of CRW will increase over the next year
