Post
Topic
Board Announcements (Altcoins)
Re: 🚀 [ANN] ColossusCoinXT COLX - Coin Swap - Fair Launch, no ICO/ IPO! 🚀 Released
by
nathamos
on 04/10/2017, 02:01:12 UTC
Some thoughts on COLX masternodes?

Note that the assumption that the swap will end with a total supply of 3,600,000,000 COLX is a guesstimate, it could end up being way different.

PIVX:
  • Circulating supply  =  54,413,888
  • Masternode requirement = 10,000
  • Maximum potential masternodes = 5,441
  • Current masternode count = 2200 (approx 40% of total supply)

COLX:
  • Circulating supply after swap  =  3,600,000,000
  • Masternode requirement = 10,000,000
  • Maximum potential masternodes = 360
  • Current masternode count = 20 (approx.)

If 40% of COLX gets locked up in masternodes the same as PIVX we're looking at only 145 masternodes which would give COLX a weak centralised network compared to PIVX.

However, if the masternode requirement was changed to 750,000 we'd have a scenario much closer to PIVX's current state:
  • Circulating supply after swap  =  3,600,000,000
  • Masternode requirement = 750,000
  • Maximum potential masternodes = 4,800
  • Estimated masternode count (40% of total supply) = 1,940

Masternodes need to be affordable in the medium term for COLX to be successful.

Obviously we're months away from the end of the swap but discussion on fundamental change like this should start sooner rather than later.