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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
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Obviously we're months away from the end of the swap but discussion on fundamental change like this should start sooner rather than later.
Thank you for that.
Burning that many coins would be nice for COLX price development but personally I think we shouldn't be stealing funds from our own community at all. OR we should vote about it (and only burn a percentage accordingly).
Indeed, masternode prices would be way off after a burn. The current max of about 1000 masternodes is on the low side already. Definitely something that should be looked into, thanks again.