Quote from: bluejam on December 18, 2017, 09:23:29 AM

Quote from: tomwalsh on December 18, 2017, 08:46:51 AM

I still don't understand the masternode concept. How are they distributing it, is it a separate token and when will it be released? seems like its only useful if you are an avid member of the community.

It's all in that picture...
Individuals with 250k+ VET (which is VEN after the rebranding) will be able to set up a hardware (master)node at home or wherever to function as a network sentinel, overwatch protocol, stabilizer. Pick your own wording. They will be chosen by VeChain. Only these people need to have 250k or more VET in a supported wallet. The smaller nodes (10k, 50k, 150k) which will yield lower rewards can still be set up later. There's no snapshot for these (yet?).

wow that seems to be a High price for me, 250K is over than 100K $. the news of master node really affects the value of it