Post
Topic
Board Announcements (Altcoins)
Re: 🚀 [ANN] ColossusCoinXT COLX - Coin Swap - Fair Launch, no ICO/ IPO! 🚀 Released
by
Mrbates
on 29/09/2017, 00:06:04 UTC
p.s. i'm only one here who thought that masternode will need much less than .... such extremely high amount of coins  ?

10M colx is about 0.5 btc and that is actually very cheap for a masternode.

As a comparison, a PIVX masternode is about 7.5 BTC and its ROI only about 5% (see https://masternodes.pro/).

0.5 btc is NOT cheap. thats fact.
year ago pivx masternode was only under 40$.... when coin was 0.003739 USD per coin (10000 for masternode)... check marketcap.


Also does this coin has POS only for masternodes? I obviously don't have enough for node...is is possible to get stake rewards without it ? wallet shows staking is not active for me.

0.5 btc is cheap for a masternode. Should be 20.000.000 COLX actually. Otherwise to many will be made. I have 1 coming up, my friend has 10. Will be a few 100 online very soon worldwide. Trust me.



It's 10 million because its highly anticipated a huge portion of the supply will be burned by nova as there was only 7.2b active coins including the CV2 dev fund = 3.6b COLX.  That being said theres still a chance someone will see this thread and be like OH WAIT I HAVE THAT WALLET DATA!  

However through the block explorer that was the rough estimate where coins had been moved or had staked in the last 6 months --- Some of which are now gone forever i.e. cryptopia, soon to be yobit.


Side note given that 3b coins have swapped currently -- And given that there is 180m COLX on the order books, as well as 600m CV2 left on the order books -- The swap may be significantly smaller.


ALSO --- seems to be a question arising in telegram a bit:
A manual withdraw from any exchange (yes it can happen on all exchanges) can take up to 24-48 hours.  It either means you were randomly selected to make sure nothing shady's going on, they ran out of coins in the hot wallet or that its so large they need to do it by hand to ensure nothing bad happens.  This is normal and guessing they didn't expect to have 1.2b of the supply leaving instantly.