Oxid Coin - The new strong Masternode cryptocurrency.

7 years ago

Oxid Coin - The new strong Masternode cryptocurrency.

How to identify the next big thing in Cryptomarket? What makes a cryptocurrency strong?

https://bitcointalk.org/index.php?topic=4751170

I'm talking about the real strength of a coin, not a pump and dump scheme or a Copycat-Masternode-Shitcoin.

In fact, it’s the increasing use in real life that de facto includes an increase in its value (supply and demand law). But for a coin to be used, it must have a purpose and meets a need.

Indeed, according to Bernard Lietaer[1]
“Money is an agreement, usually unconscious, made by a community, to be used as a way of exchange. Dollar as the global currency was something that came at the end of 1945, after World War II. However, when a contract does not work, it is necessary to make the distract. If society begins to question the efficiency of the current financial model, we must consider creating other ways of exchange among the community that avoid collapses. Complementary currencies are a possibility, functioning in parallel with those already in circulation, such as the dollar, which could never be totally eliminated.”

Different PoSe coins have different technical requirements to run their masternodes and, let’s be honest, most investors don’t want to learn complicated linux commands or have time to deal with Ubuntu VPS' security updates.

The Masternode Foundation's project will break technical barriers holding back investors from adding these passive income generating assets to their portfolios.

You may be wondering, what qualities lead to a cryptocurrency being a promising ecoin and an attractive investment opportunity. The answer to this question is not necessarily an easy one, nor the same for all people. Now I am not a broker, so you shouldn’t take this as investment advice rather as my opinion on the matter.

But, what is OXID COIN ?

Oxid Coin is decentralized cryptocurrency that utilizes a peer-to-peer technology to operate with no central authority or banks.

Oxid Coin is a base to OXIDEX Decentralized Crypto Portal, powered by a network of Miners, Staking Nodes, Masternodes and Supernodes. Miners helped to kick off the blockchain and will be supporting the network until the full Proof-of-Stake (POS) transition. Staking Nodes protect the network via POS mechanism. Masternodes and Supernodes are the backbone to Oxid's network storing and serving the blockchain to the users as well as validating transactions.

Our goal is to build a Crypto Portal (called OXIDEX) with applications for our users to invest, trade and have a market place to buy and sell goods as well as an escrow service for our user protection.

As we progress, we will be adding new applications and looking for partnerships, aiming to make a one stop full-service crypto solution.

The value of an alt-coin is directly related to the demand for the coin. The greater the demand, the higher the value. Demand can be based on various coin traits but for a coin to be successful, it must be able to create demand for itself. The rest of the elements on this list are all beneficial to the coins life, but without demand, the price of the coin will never go up.

OXID price will grow everyday !

Specs

Name: OXID
Symbol: OXID
Algo: Scrypt
Coin type: POW | POS | Masternodes | Supernodes
Block time: 120 sec.
Maturity: 10 blocks
Max Coin Supply: 89,000,000
POW Reward per block: 0.5 - 3 OXID
POS Reward per block: 1 - 2 - 0.25 OXID
Masternode Reward per block: 3 - 8 - 1 OXID
Supernode Reward per block: 24 - 48 - 6 OXID
Masternode Collateral: 5,000 OXID
Supernode Collateral: 25,000 OXID
Stake min age: 2 hours
Premine: 2.98% (2,650,000) used for exchanges, marketing, development, bounties, airdrops
Staking start block: 1,001
Masternodes start block: 1,001
Supernodes start block: 5,001

Default port: 18932
RPC port: 18933
Testnet default port: 18942
Testnet RPC port: 18943

Masternodes

What Is A Masternode?
Masternode is simply a cryptocurrency full node or computer wallet that keeps the full copy of the blockchain in real-time, just like your have Bitcoin full nodes and is always up & running.

But masternodes are considerably different in their functionality than normal nodes.

They are different because they perform several other functions apart from just keeping the full blockchain and relaying blocks/transactions as a full node does in Bitcoin/Litcoin.

OXID MASTERNODES

Oxid Masternodes are network servers that are constantly connected to the Oxid Network and perform service functions like validating, storing and serving the blockchain to the users. Masternodes are the backbone to the Oxid's network.

Anyone with 5000 OXID can set up and operate an Oxid Blockchain Masternode, which helps to provide an additional security, reliability, and performance to the blockchain. For their dedicated service Masternodes receive a portion of each mined Oxid block reward.

Supernodes

Supernodes are a kind of a masternodes which are rewarded a much higher rewards for providing stability and security to the blockchain. Anyone with 25000 OXID can set up and operate a Supernode.

PH Cripto