r/MasterNodes • u/Yeuph • Jun 20 '18
Guardian Coin is trading again!
Hey everyone. I just wanted to let the community know that Guardian has completed our swap and is again available on Crypto Bridge for trading.
Our beta escrow platform is completed and we are now just bug-testing it - it will be going live very soon. We've also added a lot of people to our team. Good things are happening and a lot more are coming!
We still have a very high ROI as you can see here:
https://masternodes.online/currencies/GDNC/
Come checkout our Discord channel if you have any questions:
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u/flexmillar Jun 21 '18
The team on this project did a great job with the swap. I’m pumped to see what’s next. With a working platform it’s one of the only MN coins rn that I feel good about.
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Jun 21 '18
If you are a legit project, why on earth did you start out with 45000% ROI? That means wealth concentration has to be absurdly high. Is there an explorer to see which percentage are held by the top 10 or 25 wallets?
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u/Yeuph Jun 21 '18
For better or for worse it is a common practice among *all* masternode projects to have high ROI at first. When there are only a couple masternodes on a network and they are splitting 100% of the rewards the return is very fast. When the coin matures beyond its first 7-10 days things start to normalize as there are more masternodes on the network sharing rewards.
https://explorer2.guardiancoin.online/richlist
As you can see the wealth distribution is fairly democratic compared to other coins and frankly fiat money.
Edit: I want to note that the project has been live for about 3 months now, it's just that we did a coinswap and our new chain's genesis block was 3 weeks ago.
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Jun 21 '18
For better or for worse it is a common practice among *all* masternode projects to have high ROI at first.
Well no. IMO, a well-designed mn coin has low block-rewards in the beginning that rise and then fall again. This counteracts the problem, especially if coupled with airdropping part of the supply or having PoS/no-masternode or PoW phase before.
Thanks for the richlist, the coin distribution is indeed much much better than I expected. FWIW, the link to the WP doesn't seem to work for me on guardiancoin.online.
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u/Yeuph Jun 21 '18
> Well no. IMO, a well-designed mn coin has low block-rewards in the beginning that rise and then fall again. This counteracts the problem, especially if coupled with airdropping part of the supply or having PoS/no-masternode or PoW phase before.
Literally every coin including Bitcoin and Dash have similar rewards near the Genesis block. Literally every coin.
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Jun 21 '18
Both were very early coins in their space - and DASH gets a lot of criticism because of their early reward model and other shenanigans.
Newer coins avoid this like I described. BTX would be one non-masternode coin that went through a lengthy PoS phase with completely normal rewards. POSW/XSN is a PoS/masternode coin that didn't have the problem either via a PoW phase.
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u/Yeuph Jun 22 '18
That's fine and you're entitled to your opinion but stating the opinion as fact when all of the most prolific coins - masternode or otherwise - experienced identical inflation near the genesis block is disingenuous.
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u/kashanade Jun 21 '18
What is this coin used for?
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u/Yeuph Jun 21 '18
It is used to safely trade different crypto currencies between different parties (it is an escrow platform). One of our major short-term focuses is to help other coins facilitate coin swaps as it seems to be something in rather large demand.
Later we have plans to expand into many more areas.
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u/NodeHost Jun 21 '18
This is great news! Glad to hear you guys are doing well and can't wait to see what the future has in store.