Re: [ANN] CatoCoin : The Next Generation of Masternode Coins with NextGen Technology
On Saturday 6/8/19 the CatoCoin block chain will fork at block 495,217 and all running masternodes will be deactivated.
CatoCoin is switching to a new Tiered Masternode Platform with three tiers and increasing collateral for each Tiers as the TOTAL Number of masternodes increases (as we have in the past). Rewards also change as the number of Masternodes increase (see below chart).
Of significant note is that POS reward goes from 30% down to 5% with the new wallet and fork
Tier 1 : 25,000 Coins - 10% of the block reward
Tier 2 : 50,000 Coins - 25% of the block reward
Tier 3 : 100,000 Coins - 60% of the block reward
Our two exchanges : Crypto-bridge and Coinexchange.io have the new wallets installed and any coins mined under the old wallet after block 495,217 will be rejected by the exchanges, so you must update your wallet now.
Visit: https://catocoin.net to download the new wallets.
You may not create new masternodes (with the new collateral requirements) until we have reached block 495,217 - any masternodes nodes created prior to block 495,217 (regardless of collateral used) will be nullified when block 495,217 is reached.
