Octoin Cabinets Are No Longer Frozen. But, Are Earnings Useful?
Well, the good news is that account “cabinets” in Octoin (reviewed here) are no longer frozen. It is now possible to get into your account and see how many octoincoins you are earning. And, that’s the bad news; you are earning octoincoins rather that dollars. Right now, they are essentially worthless. Of course, the Octoin company has great plans for them to become highly valuable in the future. However, and sadly, I suspect that investors in Octoin were expecting to receive their earnings in DOLLARS. It is almost a violation of a contractual agreement that Octoin has changed the means of payment. I suspect that there is some “fine print” in the terms and conditions that an investor agrees to when he commits his money to Octoin that permits them to get away with this. So, for now, in light of the fact that investors are the losers right now, we will continue to place Octoin on “Hold” listing and will continue to do so until the situation for investors becomes more favorable.
Octoin has recently published a number of LONG news releases dealing with their plans for Octoincoin and thanking investors for their support. I wonder how many investors would have supported a change in their earnings from dollars to octoincoins — if they were given a choice! I have reprinted two such news releases below as well as a third one dealing with what appears to be a more technical aspect of cryptocurrencies and how they work. I suspect that most investors are not at all interested in that; they want to earn money! So, there is a lot of verbiage coming from Octoin. Let’s hope that, in the very near future, they will have positive news for investors concerning REAL WORLD EARNINGS.
Are you ready to get to the next level together with Octoin?!
Dear Octoin users!
So, the last stage of preparing our cryptocurrency is finished ! We are pleased to finally announce its final launch. We, the team of top managers and leaders of Octoin together with you, meet a new era in the development of the blockchain: today is an absolutely exceptional and historic day for all of us; today we meet a new cryptocurrency, a tool with a powerful growth potential – OctoinCoin (OCC)!
For such a short period of time, just over 5 months, our narrow circle of crypto experts has grown into a huge world community of more than 800,000 users. All of this has been done thanks to you, your trust in the general idea of the Octoin project on delivering accessible crypto technologies to the broad masses.
It would have been much harder to get to high performance without Octoin project programs. Our participants have actually became mega successful traders along with our experts. Also, they became the temporary owners of colossal capacities for mining alternative in cryptocurrencies.
The realities of today in the mining sector of the cryptocurrency, as well as the legal framework of most of the states (whose residents are our users) are forcing us to change the terms of these programs.
Welcome updated Accumulation and earnings programs with OctoinCoin:OCC STORAGE PROGRAM
and
OCC HASHED MININGDuring the updates in the personal cabinets there are several changes that have been done:
- All submitted applications for withdrawal were cancelled;
2. All orders on the p2p exchange were cancelled;
3. All balances are now only in OCC currency in a united OCC wallet
4. New program – OCC accumulation program
5. Mining is reconsidered as Mining in OCC – according to the formula: “Paid mining” + 20% and minus “the received profit on mining”.Read the detailed Terms of the relevant sections of the site. The main features of both programs are the receiving of profit in the new cryptocurrency of our OctoinCoin community. Our specialists have created updated programs whose terms are not only provide legal purity to the supervisory authorities, but also keep the level of profitability of new programs at the same level. This will allow the entire Octoin community to concentrate on maximizing the popularization and increasing the cost of the OctoinCoin cryptocurrency.
Wise people say: “Life is generous to those who can dream and believe in their strength”. For such people, life sometimes opens a window of unthinkable possibilities. The main thing is that at the right time you hear the voice of your heart and not the chatter of lazy people, skeptics and envious persons.
Today every member of our community is already the owner of OCC tokens, which tomorrow can turn into gold and oil of the new digital economy. You and your Octoin friends can make new Rothschilds and Rockefellers. The premine of OctoinCoin is only 700 000 coins. However, a huge demand and an incredibly small volume of coins can provoke an explosion of value already in the first days of entering the market. To save your gold reserves is a paramount task for us!
And second, we know that the Top Leaders have set themselves an ambitious goal to grow up to 100 million users and this is the next level, the next step that we must do together with you and the updated tools of OctoinCoin.
Go and act! All Octoin Team is with you!
Dear members of the Octoin community!
Now we can officially declare that OctoinCoin (a new generation of cryptocurrency based on the blockchain technology) is available to all users. Please download the wallets. Also, you can have a look at the code and test it on the GitHub (https://github.com/OctoinCoin/octoin).
We urge you to remember that the number of coins at the time of launch is strictly limited and most of them are already located in programs. So there are relatively few of the coins which are traded on the market now. Therefore, we advise you not to sell tokens below the recommended rates (100 USD and more for 1 OCC). On the contrary, think strategically for the long run when you can multiply your savings and expect large growth.
Moreover, we have carried out a global update. We believe that many of you have noticed a lot of changes designed to make your work and use of our platform more convenient and faster. This is done for all of you as well as for employees of our company. We express our gratitude to you for your patience and assure you that we will not stop on the road to success. We hope that you will pass this way with us and share the profits that we will receive from our project. Honesty and openness are our main principles. Therefore, we will continue to share our plans and success with you!
Below we inform you about the main points of our plans:
– First goal is to increase in the number of partners among the exchanges. We continue full-scale work on attracting various trading platforms to work with us. Negotiations are conducted with representatives of the largest exchanges in the market. The wider our currency will be presented in the market the more it will cost. Therefore, we advise you not to sell it ahead of time but to expect future development.
– Second goal is the stability of marketing policy. We will continue to use our principles of promoting and supporting our community. Competitors may not try to look for contradictions and changes as they do not exist. We will continue to work and develop OctoinCoin together with our investors.
– Last important goal is strengthening in the world market. Our team will continue to use and strengthen our main competitive advantage: a community around the world. Traders and businessmen from all parts of the world support us. We appreciate it and continue to develop the company in accordance with their interests.
Thank you for staying with us. Despite all the difficulties only victories are ahead of us! Therefore, let’s get patient, keep on working and become rich.
Octoin is a new era of blockchain!
Node/masternode – what’s that pokemon?
We continue to write training articles for you and this time we will review the nodes and master nodes. You will find out what it is and for what purpose it exists.
A decentralized network of blockchain consists of a huge number of nodes, between which information is distributed. Node is a node of such a network.
At the same time, each miner (connected Bitcoin client) and purse, which are an important component of blockchain and responsible for the security of the network are nodes. In order to node communicate with each other and transmit transaction information, the protocol – peer-to-peer, P2P (peer to peer) is used.
Full and lightweight nodes
There is the concept of a full node and lightweight. In order for the node to be complete, it must be fully synchronized with the network and store the full set of files of the block system, and also be configured to receive requests from the rest. The difference between light and complete nodes in their independence.
Lightweight nodes frequently perform the tasks which are set by the miners, so they are easily deceived and they can accept a transaction that is not true, which will cause financial loss. Especially such cases are unpleasant for sites with automatic processing of transactions.
Complete nodes, in turn, are very independent units and are the only way to maximally secure the use of bitcoin. Full nodes store all information about the network, thus ensuring compliance with the rules. For example – control over the fact that bitcoin was spent by the owner and was not spent several times.
Masternode
Masternodes are somewhat similar to miners, but, in fact, they are special wallets, synchronized with the block. The main thing that is required from such wallets is to be active around the clock and maintain the network.
Masternodes perform the main functions of the network – conducting transactions, as well as additional services, such as the activation of anonymity for these transactions.
The similarity of the masternode with the miner is that by processing the operations that take place, they take a part of the coins from the new blocks, and the total profit is divided among all those involved in the process. Simply put, this technology allows you to receive a commission for the content of such a node.Differences
If we talk about the differences between the node and the masternode, we can characterize them like this: if any computer synchronized with the network performing simple functions can be a node, then the masternode is a kind of organ with a wide functionality and great significance.
The main question, how do you raise masternode and receive passive income?
Of course, the process will not be easy. To become masternode, the user must have a wallet (for example – DASH or OctoinCoin). Which, moreover, has a high entry threshold of 1000 Dash, to have its own IP server (“gateway protocol”). Next, the user must execute a number of commands in the local wallet console to get 15 confirmations and a new status. At the same time, the user should have a fairly powerful equipment. Commission, which a masternode receives is about 7% per year.
The process is quite time consuming, but as an experienced user, by having waited for the right moment, so that the result was justified, you can get the advantage of perspective and draw masternode passive income.
We will continue to write articles for you about the blockchain and crypto-currencies. Recently, we talked about the basics and types of mining (https://octoin.com/news/n172/) , and also specifically considered PoS mining (https://octoin.com/news/n178/). Very soon there will be material from which you will learn about the ways of storing cryptocurrency in hot and cold wallets.
Octoin – new era of blockchain!
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