A Step-by-Step Guide to Setting Up Your M.A.S.H. Powered Masternode
M.A.S.H — Massive Automated Scalable Hosting, M.A.S.H. is our in-house masternode hosting solution. M.A.S.H. makes it easy to host and manage multiple ODIN Masternodes in an easy to use interface.
Ø (ODIN) — The native currency of the ODIN Blockchain
Masternode — Masternode is defined as a governing hub in some cryptocurrency networks. It requires initial collateral (25,000.00 Ø) to operate. (Decryptionary.com)
Core Wallet — A core wallet contains the entire blockchain as opposed to a piece of it and allows users to not only receive, store and send digital money but also program on or with it. [ODIN] transactions are kept on a digital record, known as the blockchain, and the blockchain is maintained by users around the world. (Decryptionary.com)
Collateral — A predetermined and fixed amount of ODIN required to operate an ODIN Masternode
To run and operate an ODIN Blockchain Masternode, the user must ‘lock’ exactly 25,000.00 ODIN Ø (ODIN)
Where can I get ODIN coin?
ODIN coin is currently listed on the following exchanges: Simple register and find a trading pair that works for you. Be sure to acquire a minimum of 25,000.00 ODIN (After accounting for exchange withdrawal fees and transaction spend fees.) 25,010.00 Should be more than enough to cover related transaction expenses.
Altilly
“Altilly believes that users of cryptocurrency should be able to trade easily and quickly with other users. Currently there are no pre-set limits on how much you can exchange, deposit, or withdrawal; however, very large withdrawals may require additional time if those funds are stored in the safe or require manual approval. We do not require KYC from users who are low volume users (less than $5,000 equivalent in withdraws per day).” (https://www.altilly.com/page/aboutus)
Midas
Blocknet
“Introducing Block DX, the first dApp built on the Blocknet Protocol. Block DX is the first true decentralized exchange that enables trading freedom for connected blockchains. Listing on Block DX is free and does not require permission or control.” (https://blocknet.co/)
Nova
“It is Good to Trade…Nova Exchange operates out of Sweden, which is located within the European Union. Our customers can trade in over 300 different digital assets. We are dedicated people that cover all the worlds time-zones, thus setting a high standard within the crypto world.” (https://novaexchange.com/)
Swift
More information on Swift Exchange can be found at https://swiftex.co/.
In order to record the locking of your masternode collateral, you must first download and install the official ODIN Blockchain Core Wallet. Click here and download the client for your respective operating system.
Upon downloading the official Core Wallet, complete installation, and open the application. The wallet will automatically begin syncing the ODIN Blockchain. It is not unusual for this to take some time as the client needs to download the entire blockchain since its inception.
After completing steps one and two, the user will ensure their wallet holds the minimum amount of Masternode Collateral required (25,000.00 Ø) plus a small additional amount (roughly 1 Ø ODIN) to account for the transaction spend fee.
- Navigate to the RECEIVE ODIN (The second icon on the far left of the core wallet home page)
Published at Sun, 22 Dec 2019 04:17:22 +0000
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