How to run a Masternode on Chives Blockchain

        1 According to the requirements of the Chivescoin white paper, Masternode will receive 45% of the block rewards. Chives will enable the Masternode after the height of 2600000. By then, Masternode will get 45% rewards, community get 10%, and miners get the left 45%.

        2 support 100,000, 300,000, 500,000, 1,000,000 xcc staking options.

        3 support one year, two year, and test purpose staking options.

        4 support farm xcc and run Masternode at same Chives wallet client.

        5 We assume 100,000 XCC is staking for one year, and X XCC can be obtained in each issuance reward cycle. The following table will show the specific calculation formula:       

Staking AmountStaking YearRewards
100,0001X * 1
300,0001X * 3 * 1.1
500,0001X * 5 * 1.1 * 1.1
1,000,0001X * 10 * 1.1 * 1.1 * 1.1
100,0002X * 1 * 1.1
300,0002X * 3 * 1.1 * 1.1
500,0002X * 5 * 1.1 * 1.1 * 1.1
1,000,0002X * 10 * 1.1 * 1.1 * 1.1 * 1.1
This chart represents the proportion of different staking amounts and cycles in each issuance reward cycle, not an absolute value.

Every 100 blocks(almost half hour) is a issuance reward cycle.

        6 Can the Masternode coexist with the miner node? Yes, the same client can be used to complete the farming and master node services.

        7 Can the Masternode be deployed on a virtual machine? Yes, but the network must be work.

        8 Is there a limit to the number of master nodes? No limit, all nodes participating in the master node pledge will be rewarded in proportion.

        9 How to monitor whether my Masternode is online?

            GUI: Chives Gui Wallet->MasterNode->Staking, in the Staking Operation area, you will see your masternode online or offline.

            CLI: input these command: ‘chives start node’, ‘chives start wallet’, ‘chives start masternode’, once everything works, you will see the log or use ‘chives wallet masternode_mynode’ to check your status.

        10 ‘Wallet max send’ amount is too small, you can use Chives Wallet send function, send to yourself address with this max send amount, after this step, you will update ‘Wallet max send’ amount.

        11 How to download Chives Database?

        Download database

        12 When the Masternode start? At the height of 2600000