Can I withdraw from a Masternode?

When your ETH are transferred to participate in an IMO, your ETH will be locked during the runtime of the IMO. When the IMO is completed your ETH will be used to pay for the various aspects of setting up a masternode (Read if it does not reach its CAP?). When the masternode is running your seats will represent a license and your share in the masternode.

In order to withdraw your ETH we have two options:

  1. We did like to direct you to our roadmap in which we mention the development of a marketplace. The marketplace enables you to sell your seats to other users of Goldnode. You define the price for your seats. So whenever you decide to leave the masternode, this is a convenient way to do so. While this is being developed for the Goldnode platform we have started two groups in Telegram (https://t.me/joinchat/DLsm-lAYPJYhZ2KvAkw6Tw) and Discord (https://discord.gg/FkBDy5) where you can sell/buy seats. Read more about our temporary Seat Exchange.
  1. The voting system. Whenever more than 51% of the community decides to dismantle the masternode. The process to dismantle the masternode will be initiated and all users will get their ETH back based on their number of seats in the masternode (the coins of the masternode will be exchanged to ETH).

 

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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