Interested in Masternodes? Looking for your next potential project? Here comes the remChain mainnet launching, which provokes an enormous interest within the REMME ecosystem. Let us present you in a word what it comes for and how to handle it in order to become part of this master journey.
REMME’s blockchain key aspects
The original ledger is built as a Proof-of-Service consensus protocol, which keeps your certificate’s hash, the state, a public key and expiration date. remChain is a customized blockchain, which aims to provide a fair system for its stakeholders.
The standard fee here represents a constant yearly number of tokens, defined depending on the average exchange rate of REM. Around 90% of the price is dedicated to the Masternodes as a reward for its contribution, meanwhile, the other 10% goes for an insurance fund and maintenance fees.
How a Masternode works?
Still wondering if you should try managing a Masternode? There are multiple reasons to establish one, following the REMME protocol rules. How important actually this is? Sticking to the network’s demands will lead to some benefits, relied on the number of users adopting the blockchain. Also, as people are growing, the number of transactions will constantly increase. In a word, Masternodes benefits all the participants in the blockchain. Roughly speaking, the more the nodes are, the more stable the network will be.
Why you should set up a REM Masternode?
As an essential part of the REMME network, Masternodes are integrated for security and distribution purposes. Joining the nodes of REM by locking your tokens in return for supporting the REMME community and receiving a huge reward is more than a good argument. Interacting in this Masternode project is going to bring you all the profits from its decentralized and transparent system. Anyway, you should definitely check the minimum requirements in order to verify if you meet all the necessary criteria to run a Mastenode.
Minimum requirements
To keep it simple, there isn’t really a lot to consider if willing to become a part of the REMME’s network. All you need is:
- A 24/7 online VPS;
- Static IP address;
- Preferably unlimited traffic
- 2GB free HDD;
- 1GB of RAM;
- Up to date time settings of your PC
What’s next? Once your application has proceeded, install the REM software and lock 250k token in your Masternode address. This way you’ll become a node with an equal possibility to sign the next transaction block and receive the reward for it.
Wallets supporting REM tokens
Since REMs are standard ERC-20 tokens, we observe the following wallets are the most appropriate choice:
- MyEtherWallet (MEW)
- MetaMask
- Mist
Social media and networking
Ultimately, it’s always good to read some extra information on your own. So, if you want to follow the project and get aware of all its features, check its social channels below:
- Official website: https://remme.io/
- Telegram: https://t.me/remme
- Twitter: https://twitter.com/remme_io
- Reddit: https://www.reddit.com/r/remme/
If your aim is to simply be up to date with the Masternodes implementation, then stay tuned for updates by:
- Tech community: https://remme.io/community
- News channel: https://t.me/remme_daily