We are pleased to give you some updates on the progress and an outlook where our project is heading:

1. With the help of our bounty campaigns, marketing efforts and your support we managed to increase the size of our community significantly. Within 2 weeks we have now more than 550 Discord users, a large number of bounty participants and some more than 60 masternodes in the network. This is a very healthy growth rate and we are very happy about those results and thank everybody for the support. At the same time we want to encourage you even more to spread the word and help to grow our community further.

2. We are currently evaluating a new service which we intend to launch - a one click masternode setup service, managed through a gentlemencoin platform, which enables you in the beginning to hast Gent Coin Masternodes, and later on also masternodes from other coins. The System will be fueled by Gent coins and you will not have to worry anymore about setting up servers on Vultr (the system will do this for you automatically). Masternode setup and maintenance is a tidious task and we believe Gentlemen should have a service like this.

Further plans include a service to share masternode for those not able to invest a full node. We are in progress to update our whitepaper and roadmap with those new services and will keep you updated about projections for release dates.

3. We will make some changes to the protocol in the next release (which will be released in the following days). We decided to increase incentives for masternodes by increasing masternode rewards from 45% to 70% of block reward. The new reward structure will look as follows:

Masternode Rewards: 70%
PoW (Mining) Rewards: 20%
Governance: 10%

Block rewards will stay the same (20 Gents), declining monthly. Mining will remain only possible through solo mining (Wallet).