We are pleased to announce the pre-alpha of a new service we're calling PolyShield, what this service is... is a MasterNode hosting/sharing service.
The idea of this service, is to allow people to share and collab on the ownership of a MasterNode for various tokens, and at same time to assist Polytimos' growth in price, and bring in more people to the polysphere!
More information will be coming shortly, including the first decided MasterNode for the service.
General idea is this...
1. Announcement will be made on the coin that the next MasterNode built will be based on.
2. Anyone interested in getting into the next launched node, will have ability to contribute various coins into the fund.
3. Overall amount needed divided by overall amount costs, is your ownership share % of that node.
The split of MN rewards will be as below...
5% - to service to continue and expand, including dedicated site development and automation of MN creation. Also new infrastructure additions, how-to creations for MNs, and much more for community. This will come 'off the top' pre-conversion to any other token and pre-payout.
5% - for poly team / development - to get more poly services made.
the total less 10% will be considered 'total rewards' of MN rewards. That will be paid as follows...
25% of total MN rewards will be paid out in poly to the person
75% of the total MN rewards will be paid out in the MN coin to the person.
Changes to the above^ - We will by default pay 100% in POLY, intention being to funnel coin income from MNs into poly which will make POLY grow in support and price.
However, users may request up to 75% paid out in the coin of the MN. For instance: we run INN and BTDX nodes, user selects 50% to be paid in INN or BTDX, and 50% to be paid in POLY. On payout day, user collects 50% of THEIR overall total percentage in POLY and 50% in INN. User will have to provide an address for the payout in both tokens. There will be a specified place in the forum for this information. It will be documented in a database on the PShield team's infrastructure.
Eventually this service will likely be moved to a 'colored coin' or a token on another blockchain, where it will be kept track of. This will decentralize the service more, and provide visibility for all users.
The above will be defaults, and people can decide to change the settings to get more poly and less of the other coin if they choose, but the minimum will be 25% of payout in poly, in order to support poly in terms of continual buy support adding to exchange.
The people doing the PolyShield sharing will be documented with their addresses both Poly and the MN coin. For now this will all be documented in a private section of the forum.
MasterNodes running in PolyShield will always be publicly posted for monitoring. Everyone can see the nodes and make sure they are up and running. Eventually there will be a website created for showing all necessary information and project will continue development and enhancements in automation and more.
Announcement will be made soon deciding on which MN will be first MN of PolyShield service.
While service is in pre-alpha, payouts will happen 1-2 times per month, once more automation is added, payouts can be done more frequently.
Service is made to both enhance support of poly price, and give smaller crypto holder a chance to have ownership of partial masternode if they cannot afford one themselves. Also then will not have to setup the masternode, have the server, etc. All the back end setup will be done by PolyShield developers.
Infrastructure already exists capable for many MNs, and as service grows, more will be possible, and as trust is gained, more people will join. All the way support poly to help it become a great store of value for all holders.
PolyShield will remain fully honest and open with everyone. Both inside and outside of the service itself. Any requested information on nodes, and verification of nodes running, will be provided.
No responsibility will be on the PolyShield service in regard to any MN coin that has issues, or goes very low in price, as PolyShield has no control over this aspect. People looking to do shared MN ownership with PolyShield will recognize this and not grow upset if a MN PolyShield is running, has a sudden price drop of the coin, or anything beyond control of PolyShield.
Only promises PolyShield will make, is that it shall be honest, provide all necessary proof in terms of running nodes, and full amounts of coins converted for payouts, and coins sent to PolyShield for MN ownership. Everything is easy tracked on all blockchains that are running MNs, and updates will be posted as far as status on situation once service is started.
LET YOUR INTENT TO JOIN BE KNOWN HERE - https://forum.polytimos.net/topic/4/official-polyshield-communication-thread AND YOU WILL BE ADDED TO THE PSHIELD PRIVATE GROUP, AT WHICH POINT YOU HAVE ACCESS TO THE PRIVATE SECTION UNDER POLYTIMOS SERVICES / POLYSHIELD PRE-ALPHA
Thank you and here is to strong future for POLY and PolyShield MN sharing/hosting service. We look forward to making your MN ownership simple and no-stress, and making healthy gains together in this new crypto world!
-Simon of Polytimos
co-founder PolyShield MN hosting/sharing service