QNODECOIN: How To Deploy a QNC Masternode on Pecunia-Hub

44 DIP3 MN NOW LIVE ON QNODE-BC

QNODECOIN is an open source digital currency that can be used to send or receive payments immutably within splits of seconds. QnodeCoin was built with the goal of vendors’ usage.

The Qnode Blockchain a fork of X11 algorithm (v0.14) from the Dash Protocol. Significant improvements had been made due to the originated fork of the source codes from bitcoin network as performed by the Dash protocol. Its upon this that we built Qnode Protocol.

WHY SHOULD YOU CONSIDER MINING QNC?

  • The Miners (get 35% which equals 20.25 QNC).
  • The masternodes (get 55%, which equals 24.75 QNC).
  • The treasury system (get 10%, which equals 5.0 QNC).

The treasury system self fund the blockchain, which is accessible by no-one. Only a democratic voting process can access the treasury and trigger it’s distribution on a consensus voting by all masternodes on the network.

👉 click HERE to see a typical block sharing example of the distribution model on the explorer.

👉 Anyone can participate in mining QnodeCoin either as a Miner or a Masternode operator. This is why this article is written.

The Miners on the blockchain performs a Proof of Work functionality (POW) by forging the blocks, collating transactions, and then writes them in blocks to the Network.

The Masternodes performs the Proof of Service (PoSe) functions of security of blocks, decentralized governance distribution, privacy encryption of transactions, instant send, democratic voting and issuance of fund proposals to & fro the treasury.

THE X11-MN REQUIREMENTS

The following are the basic requirements to own or set up your QNC (X11) masternode on the blockchain.

  1. You need a PC (Personal Computer e.g a laptop or a Desktop): This computer holds your CoreWallet, where you want to store your coins and control the masternode remotely. This PC do not need to be online all the time. Let us call this PC-Wallet.
  2. You need a VPS (Virtual Private Server): In this tutorial, Your VPS is going to be provided for by PECUNIA-HUB. Therefore you must create a personal account on the platform. Click here to register free account.

If all 3 requirements above is set, then proceed with the below steps to Deploy your MN.

STEP #1: PREPARE YOUR COREWALLET.

  • Download CoreWallet here
  • Run Your Wallet on PC
  • Sync Your Wallet: Do the following to sync your wallet.
  1. Visit explorer to copy any 👉 seed-nodes from peers on the network.
  2. Click on the Addnode tab & copy atleast 2 seed nodes (e.g addnode=ip)
  3. Open your Corewallet again, click on Tools tab >> Open Wallet Configuration
  4. NotePad will open (in a case it does not open, click the more button on pop and select notepad). Paste the seed nodes (e.g addnode=ip), save (CTRL+S) the file and close.
  5. Exit your wallet and relaunch for it to sync.

STEP #2: HOST & DEPLOY YOUR MN FROM PECUNIA

  1. Ensure you have pre-funded your pecunia account with $6 (fees for 6months hosting)
  2. On the search bar, type QnodeCoin and click on the QNC LOGO
  3. Follow the pop-up guide for ipv4 Server hosting and click Continue:

5. Select the monthly plan of 6months for ease and Click Continue

6. Follow the guide to perform the next steps:

Open your CoreWallet, Click Tools >> Debug Console >>

7. In the console window type getnewaddress. An address will be generated. This is the collateral address.

8. Send exactly 20,000 QNC (no more, no less) to the collateral address. Make sure that “subtract fee from amount” is NOT CHECK

STEP #3: REGISTERING THE PROREG-TX

  1. Paste Tx-ID on step 2 space on Pecunia steps and click Continue:

3–5. Generate Owner address, Payee (Reward) Address and fee address. These steps are describe sequentially on the pecunia page.

Note: After generating each address, Paste the owner’s address, payee address and fee address as when requested, respectively.

6. Your Masternodes status is now progressively being registered. Follow the next step by clicking the Configuration tab on pecunia. The next step would require that the collateral transaction receives 10 confirmation to proceed.

7. From configuration tab, click on the Protx Register data to copy content. Return to CoreWallet console and paste. It will generate an output. copy the output and paste where required on the pecunia.

8. From next step, click on the sign message data to copy content. Return to CoreWallet console and paste. It will generate an output. copy the output and paste where required on the pecunia

9. From configuration tab, click on the Protx Register submit data to copy content. Return to CoreWallet console and paste. It will generate an output. This step will automate a transaction to self generate and submit the registration of your MN.

10. Hurray, Your node is Ready

11. Click on Configuration tab and you Masternode should be ONLINE AND ACTIVATED.

Henceforth, You can track your Payee (Reward) Address from the explorer to check your MN earnings 😍.

WHERE TO BUY QNODECOINS

EXCHANGES

#1. Altilly.com

#2. Bitsails.com (Register with this code qnode247)

#3. Waves.Exchange

#4. TurtleDEX

GATEWAYS

#1. WAVES GATEWAY (Live)

#2. TURTLEDEX GATEWAY (Coming soon)

CONCLUSION

We like to be of help or hear from you, if you would send our dev team a mail for any enquiry: helpdesk@qngnode.cc

Thanks for reading, Leave a comment or clap for the post.

The Protocol is an evolving tech development comprising Qnode Blockchain & its DeFi Layer on Binance Smart Chain for Incentivized Nodes & Algorithmic Governance

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