Post
Topic
Board Announcements (Altcoins)
Re: BiblePay - New Coin Launch - Official Thread
by
bible_pay
on 07/12/2017, 15:43:52 UTC
Three questions for masternodes at BBP:


- Why should (considering if you have enough) one make a masternode? What are the benefits and usages?


- How much does a masternode earns and what does it do?


- How do you set up a masternode, if not several masternodes considering someone has enough BBP?


The Sanctuaries will allow us to decentralize our community to become a decentralized autonomous charity. As a sanctuary operator you may vote on important issues, and receive ROI for the initial escrow investment. 
See potential ROI:
http://pool.biblepay.org/docs/roi.htm

The masternodes earn approx 1/24th of the initial requirement per month (requirement = 1,550,001 BBP).  The payment is actually 40% of each block divided by the sanctuary count.

Note this guide will change slightly before Christmas, but the instructions for creating a sanctuary are here:
http://wiki.biblepay.org/Create_Sanctuary