Dear @everyone


Announcement for the Week of November 20th

From the Team:
You will have noticed that we did not post an announcement last week. Wires got crossed, folk dropped offline. Our apologies.

We have completed the transition to a 50K PRX collateral requirement. Also, rewards have halved (80 per MN per block, staking: 20 PRX /block). At the time of writing, 1500 nodes are up and running. "First" rewards take about 3.2 days to materialise with reoccurring rewards every 1.2 days.

We are pleased to see that MASC hosts 1,000 of all PRX masternodes, a testament to the excellent and affordable services offered to the community. The PRX team will continue to work with MASC to bring more coins to the platform to incentivise PRX ownership.

State of the ecosystem:
With the lower block rewards, 130K PRX is produced every day. This equates to a supply increase of about  24M PRX over the next six months. We do not know how this will impact price growth. What we can do, however, is to bring solutions that will spur growth and increase PRX demand. Our work towards possible solutions, along with some bottlenecks, are listed below.
@everyone continued

Possible Solutions:
We are heavily investigating what options MASC can host for PRX payment and build a structure around that. Masternode collaterals and hosting fees are useful for keeping PRX away from the markets, but we need more services (use cases) to ensure healthy growth in the future.

KYC:
Crex has blocked UK IP-addresses connecting to their site. KYC is a serious issue that will not go away but yet, impedes progress. The net closes more and more each day. To protect itself has just banned the UK from accessing their site, irrespective of customer KYC compliance. The ban took immediate effect without warning and serves as a reminder that this could happen to anyone. Be cautious and never keep (too many) coins on an exchange.

MASC:
We will add new coins! We will offer our services to MCPC and Jackpot 777 in due course. As always, fees will be due in PRX. Birake has had some issues on our platform. New bootstrap methodologies have resolved most issues. Currently, we are struggling to get the connections we need (much like PRX had after the last wallet swap). We anticipate that this problem is soon resolved.

Siz availability:
For the next five weeks, Siz will be at (Proxynode) HQ from Thursday - Monday. He is Out of town on Monday night until Thursday morning. There will be Limited Sizzle-on-PRX action during this time.

TipCat-bot:
A few good ideas (e.g. auto-rain on Active Discord members) are floating around at the moment with regards to the TipCat. We require a substantial collaborative effort to flesh these ideas out (and test implementations). It may take a little while, but keep your eyes open for Discord Contests/Lotteries that may appear. Transparency and accountability are critical to resolving possible disputes. We ask for patience to ensure fairness.

Onwards we go!
#WeBuildToSucceed!