Quote from: Sophokles on Today at 11:59:31 AM

Quote from: sikorh on Today at 08:03:04 AM

Quote from: Sophokles on Today at 04:54:39 AM

Quote from: sikorh on November 04, 2023, 05:42:53 PM

Hi yes ive been in the project for 2 years since 2021 its soon to be listed on MEXC actually setting up the node is very easy and straightforward but please not that you need a node collateral of 10500 noso but they are working on shared nodes and you can participate by as little as 105 noso
to setup a node you can check docs here and there is even a video tutorial on there https://docs.nosocoin.com/noso-documentation/how-to-earn-noso/earn-noso-running-a-node

Yeah we need to buy their coin from the exchange to run the node. The rewards for the 24 hours you are getting are attractive but this can be the reason for the massive dump as well. How does that coin showcase its utility That coin's price won't be able to hold its position for a long time if it doesn't have utilities other than trading in exchange. Utility creates demand and demand pushes the price upward so it will be very speculative to run a node with high rewards if that coin doesn't have enough demand to hold the sell pressure. Because the node runner will try to cover their expenses by selling the coin to the market.

there is something you missed i think is that when you start your node the 10500 gets locked for 14days it was made to prevent dumping plus this coin has plenty of utility ,smart contracts,decentralized exchange

Where is the real utility? How many applications are running on that blockchain and are there any large institutions invested in it? How have team and management expenses been covered? If that is from the mining rewards of the coin then it will be dumped by the team itself. Also most of the blockchain provides support as you have mentioned but it is not sufficient to increase the demand for the coin. We need an application that is built on top of the smart contract generates real profit and has larger community.

The coin is still under development and no apps have been built on it yet you can check their roadmap plus bro please read more about it its not a mineable coin its pos+MN