Definite scam project.
White paper is plagiarized from other shitcoins. For example, from the GastoCoin (lol) white paper:
First and foremost, a Masternode, like any other full node, is a node server within a network. Full nodes are important because they process transactions and store them in the blockchain.
In addition, however, a Masternode operator has tasks and rights that a normal full node operater does not have. For this gets the operator high rewards.
In order to obtain the status of a Masternode, the Masternode operator must deposit a corresponding number of coins.
From "777 Coin" ANN:
MASTERNODES:
777 is a masternode coin. Masternodes offer an interesting way to earn revenue by providing technology.
First and foremost, a masternode, like any other full node, is a node server within a network. Full nodes are important because they process transactions and store them in the blockchain.
In addition, however, a Masternode operator has tasks and rights that a normal full node operater does not have. For this gets the operator rewards.
In order to obtain the status of a masternode, the masternode operator must deposit a corresponding number of coins (collateral).
Obvious scam is obvious.
What is this, 2015? Let's try a little harder people.