Quote from: GreenPanda on September 07, 2018, 12:48:39 PM

Quote from: neonnexus on September 07, 2018, 07:01:47 AM

Quote from: dendcednis on September 05, 2018, 07:47:31 AM

Do I understand right that I need to be minimum a Junior member and then I can join the bounty? Or can I go for airdrops until I have become a junior member? It would be a good way to support the business also

The dev fund is for developers to further the project's progress. Our newest dev came to us with a proposal for a way to introduce masternodes as our data caching layer for our social app and any community dapps. He has experience implementing MN into coins. The funds will be controlled by our elected community representatives (vote happening right now https://strawpoll.com/512h4y1h) so anyone with a decent proposal, and experience to implement it, will be able to canvass their ideas to our reps and community for funding.

Any chance we would know on which other coins that person implemented MN? I distrust the MN system personaly, way to centralized for my taste, adds additional expenses and is unfriendly to set-up for many. Why not just go for a proof of stake and proof of work hybrid?

REDEN, XGALAXY, PHASE and a few coins that have yet to be launched. We've actually found a decent use case for masternodes. We needed a platform and reward base for our data caching layer. By using MN we are utilising an already existing tech for easier implementation with a reward mechanism already built into it. As you rightly mentioned, there are costs to running a MN and there will be additional cost for these nodes to cache data. MN will provide a fast and decentralised data layer that reward the MN operator for hosting data. Once the data caching layer is operational, we will then introduce our social app to run on it. The data caching layer will be available to the wider crypto community for the development of other dapps. The open source, decentralised data caching layer will be the real innovation and provide a platform for many other possibilities.