Masternode Service Announcement

in btc •  2 months ago

Hey Pickaxe Minters,

As an ongoing effort to make, and keep, our business stable and your nodes secure, we have been evaluating our fee structure.
We have come to the conclusion that some coins really are not worth keeping, compared to the cost of running it, which includes maintaining it (wallet updates, forks) and day to day support.
Unless…we make some adjustments. We have done the first part, by purging coins with dead or near-dead projects (folm, sera, etc..).
The next step is to re-organize our fee structure.

To maintain a healthy business, we will need to make an adjustment in fees.
A node needs to be able to support itself. If it can’t do that, it should not be hosted to begin with.
How much would be required for a node to be able to support itself? All nodes will have a minimum fee of $3USD per month.
We will implement, effective immediately, a sliding scale, to adjust accordingly to the requirement for each MN.
So; before : fixed fee (4% DED, 5% Shared), after : flexible fee (minimum 4% DED, minimum 5% Shared, but could be higher to reach min. $3USD per month).
This calculation will be made before every payout, to make sure we meet the minimum fee required.

In the case of a coin reaching 50% fee, we will automatically delist, dismantle and refund it.
Owners always have the option to vote for dismantle, before it hits the 50% fee.

To recap and clarify:

Monthly fee per MN = $3USD minimum
Ex. a MN with 20 seats = $0.15USD fee per seat, per month.

Please feel free to reach out to @tarballqc or @Jefke with questions, or hit us up in the #general-masternodes chat!

Please feel free to use this link to join our Masternode Discord: https://discord.gg/UaYWrF7

Thank you all for your support!

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Hi @pickaxe.pro, I'm @checky ! While checking the mentions made in this post I noticed that @tarballqc and @jefke don't exist on Steem. Did you mean to write @tarball and @jebke ?

If you found this comment useful, consider upvoting it to help keep this bot running. You can see a list of all available commands by replying with !help.
·

!mode off

·
·

Your account has been set to off. None of your mentions will now be checked whatsoever.

If you found this comment useful, consider upvoting it to help keep this bot running. You can see a list of all available commands by replying with !help.