During the month of September we have studied and implemented a strategy to diversify the impulse funds. Part of the funds will be used for mining and the other part is used to DCA a list of high potential projects offering us staking rewards.
This choice comes from the fact that we are now in the heart of the bear market, and certainly only a few months from the bottom of this cycle. We therefore believe that the coming months will offer the best opportunities for DCA in the market to take staking and mining profits that will gain strength throughout the next bull market.
Buybacks were put on hold for the same reason throughout September, and will slowly pick up over the next few months (as we commit capital via DCA), only to pick up steam as the market begins the rise of the future bull market.
Regarding Impulse, we have developed a platform that will allow you to place pre-release bids on tokens. This means that by connecting your Bsc address you will have access on (the platform only) to the total balance of vested Impulses, and will have the possibility to place your sales offers at the prices of your choice.
We will proceed to the vast majority of buybacks directly on this platform, buying back the lowest bids. When we proceed to the buybacks, the sellers will receive directly the Busd on their address, and we will burn the corresponding Impulses.
With a supply of 240,000 Impulse, the FDR team burned more than 2,000 Impulse this month, corresponding to just under 1% of the total supply. However, if we calculate that only 5% has been released, i.e. there are only 12,000 Impulse in circulation, the percentage of burnt Impulse exceeds 20%.
Impulse is holding up well in the bear market. Someone joking on the Impulse channel on Telegram even said « Impulse is becoming a stablecoin », which in times like these equates to a good accumulation reserve.
And lots of news in the FDR universe
That said, the Impulse’s buybacks have been suspended for a few weeks, but the FDR team has not been idle:
They purchased mining machines that will be used to generate buybacks on Impulse and FDR
BTC with lightning network has been added on FYMN and We Host Files
There has been a substantial improvement of the statistics system on FYMN
A new platform for NFT is ready, prices will be adjusted monthly and a bidding system is now possible
A new partnership in the acquisition of land in the real estate and production sites for goods and services related to experiential tourism, with a strong focus on environmental protection, always one of FDR’s main concerns.
While everyone was on holiday FDR was working hard to improve the ecosystem, here above two short overview for August and September :
FDR’s mission is to create value in this decentralized world : financial value, community value and environment value.
I have already published the strength of the Masternode FDR project in terms of its ecological performance compared to the Bitcoin project and to the proof of work protocol in general. We also saw how the Bitcoin project, although less energy intensive than fiat currency, is between 600,000 and 1,000,000 times less ecologically efficient than a masternode project.
That said, we will integrate a further improvement of this performance with the possibility of installing the wallet directly on a Raspberry P4, which to my knowledge remains the most efficient computer on the market, which with a specific setting can manage to consume around one watt per hour.
I would like to make it clear that this is not about running a Masternode, for which I recommend you use the service provided by Find Your Masternode. We will see step by step the process to install the wallet on a Raspberry P4:
Install Ubuntu on your Raspberry P4
Download the Aarch64 version of the wallet on FDR
Run the command: ./fdreserve-qt on the terminal If it tells you it is not executable type: chmod +x fdreserve-qt
You would have a brand new wallet that starts syncing at the beginning of the blockchain about 2 and a half years ago, so you would only need to import your wallet and snapshot. The following steps are the same as on windows (or mac).
So to transfer your wallet on Raspberry P4 you will have to replace the wallet.dat and masternode.conf files (if you host masternodes) with your wallet.dat and masternode.conf files. This last operation is to be done with the wallet cut.
There are two types of nft, those backed by the rewards from masternode and those without. There are two sorts of NFT those based on hype and ponzi and those with a long term strategy. Even without any knowledge for masternode, you’ll receive your rewards on the BSC.
wFDR token Monthly airdrop
Allows you to receive Masternodes FDR rewards to a Binance Smart Chain address as wrapped FDRs on a monthly basis (between the 1st and the 5th of each month)
Take part in securing the network
The collaterals used to generate the airdrops are managed by the FDR team and hosted on the platform developed by French Digital Reserve : https://www.findyourmn.com/
Collaterals dedicated to NFTs will never be sold on the market. Each NFT mint is therefore a deflationary event for the FDR coin and wFDR token.
Each of these NFT is backed by a Masternode, there can’t be more NFT than Masternodes, so their number is limited. Each NFT is linked to an address holding the collateral, this information is available in one click via a blockchain explorer.
You can swap FDR for an NFT (contact our team)
5% rewards (management and hosting) 3% swap fee when selling NFTs between holders. Swap fees from FDR bridge to wFDR (and vice versa) are included.
Be careful, only the address holding an NFT will receive the airdrops generated by it. We strongly recommend every investors to possess their own NFT. Sharing an NFT between several investors creates the risk of not receiving wFDR if the co-owner holding the NFT is not trustworthy. Under no circumstances will the FDR team be responsible for such a practice. Please make sure before buying that the NFT was created by the official FDR address 0xC64E6Fe4139C3b72521B97A5d4F9cbbCfbA532C1
More and more worldwide pressure towards Bitcoin seems to focus on the ecological aspect, and rightly so. Even banks, governments and the SEC can’t stop Bitcoin, but surely paying such an expensive electricity bill slows it down. If Bitcoin and the POW were more efficient its price would surely be even higher. Perhaps this is one of the reasons why masternode technology has been developed, capable of consuming between 1000 and 1,000,000 times less than the POW used by Bitcoin and Eth with the same number of users and capital invested. French Digital Reserve seems to be at the forefront of this technology. I had fun analysing, albeit summarily, the energy consumption per dollar or BTC invested.
What is the consumption of Bitcoin?
According to an estimate by Carlos Domingo, if we restrict ourselves to the banks’ servers, their branches and ATMs, we already reach 100 TWh per year, compared to 57 TWh for Bitcoin at present. So for about 600,000,000,000 USD of market cap BTC consumes 60,000,000,000 Kwh, which amounts to $10 per each Kwh, i.e. every $10 invested consumes as much as a hair dryer used for one hour. Each BTC owned consumes 3 Megawatts of power, which is the mechanical output of a diesel locomotive that is always running. Each bitcoin transaction of 1 satoshi to 1,000,000 BTC needs about 215 kilowatt hours (kWh) of energy. Even if the more and more less consuming blockchains like Binance Smart Chain, Cardano, store pegged Bitcoin reducing drastically the consuption.
So what is the consumption of FDR per usd?
The cost of one MN is about 1 $ USD (average) per month and we assume that the whole price is used to pay the electricity bills (0.15$ per Kwh) we can estimate that each MN consumes 4 Kw per month (that’s nothing). On FDR there are about 1000 MN so 4 Mw per month for all MNs, than we can extimate 6 Mw per month the cost of the blockchain servers and all the PC linked. The FDR Market Cap is about 10.000.000 $ so that makes 1.000 $ per Kw per month.
There are 720 hours in a month so for 1,000 $ USD per kw per month we are closer to 15 w/h. The project is perfectly scalable, it means that energy consuption won’t increase with the increasing of adoption and market cap. So even if the market cap will increase as much as Bitcoin energy consuption
10,000 $ USD in BTC consumes 1 Mwh
10,000 $ USD in FDR consumes 1,5 wh
French Digital Reserve has a consuption of about 600.000 times less than Bitcoin at the same value. And FDR has having one of the best performance of all crypto universe and it seems go forward also during the bear seson, since it receive everyday buybacks from an Bep20 token ecosystem. Since Bep20 consumes much less energy than erc20, FDR migrated their previous Impulse ERC20 to a more environmemtal friendly Bep20 on the Binance Smart Chain
As Bitcoin FDR fulfils the three functions defined by Aristotle :
a medium of exchange
a unit of account
a store of value
But better then Bitcoin FDR is :
environmently sustainable, crypto investor decisions are the more and more based on environnment. It will be a market exclusion
energy efficient, the price of energy reduce the profit, that’s a fact and math doesn’t lie.
scalable, FDR masternodes and BSC Bep20 are a real scalable technology, without any sort of loss of efficiency with the increasing of volume.
long term economic model based on a solid financial plan
So why don’t be rich and clean at the same time?
DISCLAIMER : This is a environment advice from environmental economics master degree, no english mother language but it is not intended as legal, financial or investment advice and should not be construed or relied on as such. No material contained within this post should be construed or relied upon as providing recommendations in relation to any legal or financial product.
Dash is the first cryptocurrency to incorporate a two tiered network. The first tier is comprised of PoW miners who are responsible for the creation of new blocks and the security of the network. Whereas the second tier consist of Masternodes. These masternodes are special nodes that are created to enhance stability and provide unique functionalities to the network.
Masternodes lock a certain amount of coins and performs various tasks within the blockchain. For providing certain services within the ecosystem the masternode operators are rewarded. Since this system proven to benefit both the investors and the cryptocurrency network many coins followed Dash’s footsteps. In the recent years Masternodes become more popular in the cryptosphere as it is a great passive income source. Currently masternode system is a part of many PoW and PoS cryptocurrencies.
Most masternode coins have a similar reward system that is for each single block one masternode in the network wins the reward. On the other hand few masternode coins came up with an idea of layered masternode system aka masternode tiers with different coin requirements and incentive models. These tiered masternodes have become more common lately. So what are tiered masternodes and how do they work? Before we see that here is something that you need to know about masternodes in general.
Within DASH ecosystem, a masternode is a node or a computer. Just like any other nodes on the network Masternodes host a full copy of the blockchain. However they are different from ordinary nodes as their main purpose is to provide special functions to the network. They increase privacy of transactions, enables instant transaction, participate in governance and enables budget and treasury system. Moreover they help in decentralization of the network. These are all some of the common functionalities of masternodes.
While the functionalities remain the same; the requirements and the reward system varies from coin to coin. For example to operate a Dash masternode, 1000 DASH coins are required as a collateral, in PIVX its 10,000 and in SysCoin the required collateral amount is 100,000. This collateral amount is required to prevent Sybil attacks whereby an user can create numerous masternodes and engage in malicious activity.
When a user posses enough coins they can lock the amount in their masternode wallet and earn rewards for their contribution. Although anyone can run a masternode; most masternode coins have an entry barrier. Mostly it’s the amount of coins that is needed to operate a masternode. For example when Dash introduced masternodes then price of 1000 Dash was not more than $3000. But in current situation Dash masternodes are practically unaffordable. Due to high value of the masternode prices new users are locked out of participating in the masternode ecosystem.
To make it possible for everyone to afford and setup a masternode; few coins incorporated multi tiered masternode system.
Tiered masternodes are an innovative multi level masternode concept which can be found on few masternode coins. Some coin features 3 tiered masternodes, some has 4 tiers and some even operates 5 tiered masternodes. Each tiers needs different collateral amount and each brings a variety of income. Usually lower tiers are easily accessible by everyone and higher tiers require bigger investment. User can choose any tier to run a masternode and they will receive rewards based on their tier. Basically lower tier offers lower rewards and higher tiers offer very higher rewards. The chance of earning rewards at each level increases linearly with the number of coins. It’s like the more you invest the more your rewards are.
In general a multi tiered node system is designed to enable different levels of affordability. This concept is beneficial in terms of attracting new users to the project. Smaller barrier of entry means more people will have the opportunity to run masternode. When more people operate masternodes the rewards gets well distributed and hence the network becomes massively decentralized.
While tiered masternode structure may sound appealing and has some advantages there are also some drawbacks to it. Although high number of masternodes contribute in keeping the system decentralized they can also compromise the security of the network especially if the coin is PoS. Increase in masternode numbers will reduce the number of PoS users thus weakening the network security. Also for investors it poses some risks. Those who opt the top tier will earn more rewards however they are the ones at high risk of losing more money. On the other hand lower tier involves low risk however they look similar to proof of stake system in terms of rewards. Hope it helps.
Whatever! Do note that masternodes are a highly risky investment. Before you invest in any masternode coin kindly do your own research.The information provided in this article is only for educational purposes. None of this is investment advice and Coin Guides is not responsible for any financial losses.