What Is Pocket Node (NODE)?

What Is Pocket Node (NODE)? Complete Guide Review About Pocket Node.

What Is Pocket Node (NODE)?

Pocket Node Since Bitcoin’s inception more than ten years ago, cryptocurrencies have evolved dramatically. Proof of work evolved into proof of stake and now hybrid models are all over. For those accustomed to the advanced tech aspects of blockchain, proof of work and proof of stake was common knowledge. For those unaware about coding or blockchain architecture proof of work and stake were foreign languages. Master nodes fall into the category of Proof of Stake cryptocurrencies.

Blockchain and crypto are about mass adoption but the biggest issue plaguing the space is the lack of platforms facilitating mass adoption. Pocket Node set out to change this, the team desires to make mass adoption easy for all users. To achieve our dream the Pocket Node application was not only planned but created.

Pocket Node Storage Key Points

Coin BasicInformation
Coin NamePocket Node
Short NameNODE
Circulating SupplyN/A
Total Supply2,000,000,000
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Official Project WebsiteClick Here To Visit Project Website

Pocket Node

Pocket Node is a one-click master node solution for a plethora of coins. The first round of coins were listed at no cost to their actual communities with over ten listings already taking place. The premise behind Pocket Node was to build an easy to use solution for master node staking for all the communities simultaneously. Think a mobile wallet meets a master node platform.

Currently, there are no mobile master node solutions to deploy multiple coins, especially multiple different master nodes from the same mobile platform. They have solved this issue by incorporating many master node coins (including Dash, PIVX, ION, RPD, etc.) into a mobile wallet that allows for a one-click master node setup.

Currently, the biggest issue with master node coins, is the user’s inability to set up the actual master node. They removed this difficulty by creating the “1-click” functionality. Incorporating one-click functionality with a plethora of coins will allow to penetrate the communities of ten+ crypto-currencies without requiring funds from any of the communities for your platform build.

What is a Master node?

Pocket Node A master node is a ‘staking’ method used to earn a return on a specific cryptocurrency. There can also be built in methods to vote and partake in community measures. The collateral required and percentage earned vary between coins. As the number of master nodes fluctuate on any blockchain’s network the ROI can be impacted positively or negatively.

Master nodes have become an increasingly popular alternative to mining as users do not need expensive hardware or the skills associated with setting up mining equipment. However, master nodes have their own faults. They need their own servers, constant maintenance, and collateral ownership of cryptocurrencies.

The collateral ownership was the easy part. Logging onto an exchange to buy X amount of a specific coin. The bigger issue was how to set up a master node? The coding, the maintenance, the servers were overwhelming to the majority of users and adopters of cryptocurrency.

NODE Token Metrics

Pocket Node Token has been launched on the Binance Chain as a BEP-2. Binance Chain was selected due to its security, ease of use, technological superiority and significant developers moving toward it. The purpose of the NODE token is to be used internally on the Pocket Node application and any other future platforms built by the Pocket Node team. By using the token on Pocket Node users will save themselves 30% on the monthly fees of master nodes.

These savings will drive demand and the desire to acquire both masternode coins and the NODE token. Initially, 100 Million NODE tokens were sold at a valuation of $0.01 each, valuing the raise at $1 million. The measure primarily ensured token distribution among st interested market participants and created a liquid market that precedes trading activities.

Pocket Node There will be two billion tokens minted on the Binance Chain with 50% locked for a six-month period. The remaining 1 billion will be released incrementally as funds are needed for future development with no more than 20% to be released in the 1st month of trading.