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Board Announcements (Altcoins)
Re: [ANN] [UPDATE] Project : Districts | 3D Dapps | 3D Explorer | VR [3DCoin] [ANN]
by
michele1it
on 27/07/2018, 11:20:51 UTC
Districts just crossed 2000 Masternodes. Congratulation to the team and community. We had already get so far, Team work everyday on improvement of the project and community grow everyday. I'm was one of the early supporter, its pleaser to  watch now how project grow for the past 6 month. Redesign of the both site, new forum launch, CPU then GPU mining and pools launch so far. District here to stay and to be one of the top coins in the  virtual reality industry.

Well said, especially the growth of the masternodes is impressive for a project not yet in exchange, perhaps we are ahead of an absolute record (I repeat for a project not in exchange!) I do not know if there were similar cases in the past but it is really impressive to see this growth of the number of masternodes if we also consider that there was a normal ICO like any other currency and not an IMO ("initial masternode offering")  as it is now a bad (IMHO) habit in the sector (in short, here the team did not sell masternodes, but made a simple ICO in which you could buy also a few coins with a few dollars, they did not sell complete masternodes!).
To see the exponential growth of the nodes just look at the chart on the site linked above, obviously be careful to read well the data because the ROI indicated in this site is only in reference to the "number of coins" that currently get a masternode as rewards annually to the current average (so you refers to the number of coin "invested" in the collateral and the number of coins that are obtained at the current average based on the number of current nodes), it is not a ROI in fiat currency considering that there is no quotation of the 3dcoin currency not yet in exchange.

Great milestone 2000 masternodes really remarkable! Congratulations to the whole Community and to the dev's Team for the result!


https://masternodes.pro/stats/3dc/statistics

who can explain for me please, how masternodes work? is there some reserved pool with 3dcoins? cause im not super smart in this, i thought there was max supply 66 million coins, but if masternodes give about 16k cooins each day, so suppy will increase till some number or what?



The supply is fixed, about 66 million were those issued in ICO (after coinburn) while the remaining part will be mined (assigned to miners and masternodes) in about two years. We will reach a maximum of 85 million within a couple of years, when all the coins will be mined, no matter how many miners there are or how powerful their equipment or how many masternodes there are. More masternodes will always have to share the same coins (same reward for each block). Every about 1 minute (more than 1400 times per 24 hours) a block is mined and the miner who found the block assigns 4 coins to himself and 12 coins to a masternode (only one masternode, the one that is in the queue for the turn) . So with over 2200 activated masternodes now and around 1400 blocks to be rewarded per day, not all masternodes take the reward every day (you take the reward and get back in line for the next round). All the masternodes systems work like this (from DASH onwards). In the Districts system the masternodes will become "prime / pulse nodes" later as well described in the following article. If you want more general info on the masternodes (not specific for Districts 3DCoin) I suggest you some articles that you find at the end after the link on the primenodes pulsenodes of Districts...


Article about masternodes of Project Districts 3DCoin (in next times... primenodes/pulsenodes)

https://3dctalk.net/topic/105/the-central-role-of-masternodes-primenodes-in-project-districts


Various new and old articles explaining masternodes (articles focused on Dash of course)

https://medium.com/@Madeline_B/masternodes-101-a-beginners-guide-1198afc5435a

https://hackernoon.com/dash-the-friendly-cryptocurrency-3769c6bde9cb

https://dashdot.io/alpha/index_50.html?page_id=50