FAQ


General Questions

You will need 20,000 PDX to own your masternode.

Proof of Stake (PoS) is a concept states that a person can mine or validate block transactions according to how many coins he or she holds. This means that the more PayDaycoin owned by a miner, the more mining power he or she has.

A masternode is a server on a decentralized network. It is utilized to complete unique functions in ways ordinary nodes can’t. It can be used for features like direct send / instant transactions or private transactions.

For PoS you can have any amount. You can start with 1 coin, but staking will be slow.

The minimum staking age is 24 hours.

It takes a few days because lots of coins have a higher frequency reward.

For daily rewards, you need 15K coins.

Yes, it is. You need to download PDX wallet; Buy some PDX coins, and put them to the wallet. For starting PoS, you can have any amount in your wallet.

You can check out our PayDay Coin Staking Setup Guide here

PayDay Coin doesn’t participate in shared masternode services. By owning a masternode, you assume all of the risks.

PayDay Coin is a Proof of Stake (PoS) coin, not a Proof of Work (PoW) coin. These coins are not intended to be mined by PoW. You can check up reward spread here.

You can find the most accurate and relevant information by the links below:

Masternodes.online: http://bit.ly/2MDnUm0

Masternodes.pro: http://bit.ly/2N4Z2Tz

Team coins are locked for a 1 year since 1st block, so they will be unlocked at block 262800. This should happen on 12 April 2019.