2
9 months agoopen1

For each active MN, the user can unlock up-to 500k XDN from their 2 million collateral.

3 months unlocks 100,000 XDN

6 months unlocks 250,000 XDN

12 months unlocks 500,000 XDN *Total

(Above amounts negotiable and set by DN team)
*Total amount: Max unlocked to be 500k XDN after 12+ months

Example:

User A)
Situation:

3 month Masternode

Outcome:

Locks 2 million XDN as collateral for Months 1-3

Gets back 2m xdn at the end of the period

User B)
Situation:

6 month MN

Outcome:

End of month 3, 100k xdn is released back into wallet

Month 3-6 runs MN for 1.9m xdn

Gets back 1.9m XDN at the end of the period

User C)
Situation:

12 month MN

Outcome:

End of month 6, an additional 150k xdn is released back into wallet

Month 6-12 runs MN for 1.750m xdn

Gets back 1.750m XDN at the end of the period

User D)
Situation:

12 plus month MN

Outcome:

End of month 12, an additional 250k xdn is released back into wallet

Month 12+ runs MN for 1.5m xdn

Gets back 1.5m XDN once MN is destroyed

This gives long term MN holders an opportunity to run these for only 1.5m xdn (month 12+). The rewards do NOT come out of our block rewards as the user is just given back a portion of their collateral.

This means if someone ran 4 masternodes for 12 months, they would have gotten back enough XDN to open up a 5th MN for their second year helping users earn a better APR and locking funds out of circulation.