Word-list

Here follows some popular words you might encounter:

IMO = Initial Masternode Offering – the process of collecting all the assets from users to start a new Masternode.

Native Coin = A masternode runs a specific coins blockchain. We call this coin the “Native Coin”.

ETH = Ethereum cryptocurrency. The second largest crypto assets after Bitcoin.

POS = Proof of Stake - Read more

POW = Proof of Work - Read more

MEW = MyEtherWallet – Ethereum (ETH) online wallet – www.myetherwallet.com

KYC = Know Your Customer – The process of identifying your customers with a identification process.

CMC = CoinMarketCap is the main place to get your cryptocurrency statistics. Its has become a backbone for all crypto enthusiast and a place many platforms (like Goldnode) fetch their current rates and values - www.coinmarketcap.com

Referral URL = A personal generated URL to use to help spread our website and acquire rewards in forms of Virtual ETH by doing so.

Virtual ETH = A rewards system in the Goldnode Platform which can be used when reserving seats in an IMO.

Shared Masternodes by Goldnode

Goldnode offers services for splitting/sharing and managing Masternodes. Masternodes are servers that operate blockchain technology and gets rewards by doing so. Get your seat and join in on the rewards!

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