New Earning System

Tom Farrell
Written by myDexChain

The myDexChain ecosystem also stands out with its earning systems. Take your place in the ecosystem with the dual gain option.

The system will be explained in an explanatory manner directly below.

New Algorithm

The new node system will operate with the POS (Proof Of Stake) algorithm method.
New Algorithm

The proof-of-stake algorithm uses a pseudo-random elimination process, which is a combination of factors such as share age, randomness, and the amount of coins the node owns, to determine the node that will be the validator of the next block.

Master Tracker | Pool

  • 1 million DXC must be staked by purchasing the Master Package for the pool to be active.
  • 1 million DXC staked can only be used to generate pool income. No other extra income can be provided.
  • 1 million DXC staked can be canceled at any time and the pool can be closed. There will be no loss.
  • There is no limit to the number of DexTrackers that can be connected to the pool.
  • The service fee can be adjusted between min 5% / max 100%.
  • A minimum 90% non-Sync pool will not generate revenue.
  • According to the number of DexTrackers connected to the pool, the Fee earned from Transaction Fee revenues will be transferred to the pool account without a certain number limit.
  • Pool owners can run 1 DXC and 1 PRX package with the pool TrackerKey. (Excluding 1 million DXC staked for pool activity)

    • Being a Master Tracker is a great privilege in the myDexChain ecosystem.

    DexTracker | Confirmatory

  • With 1 Tracker(Node), 1 DXC and 1 PRX package can be run.
  • In order to run the PRX package, the Tracker must be activated with the DXC package first.
  • Unpackaged Tracker can be run but not production.
  • Every DexTracker must be connected to a MasterTracker repository. Dex-Trackers without MasterTracker connection cannot produce.
  • Dex-Trackers will automatically pay the MasterTracker Pools they are connected to, from the amount of DXC and PRX they produce at the rate determined by the pool.
  • A minimum of 90% Sync Trackers can be earned.
  • DXC production rate produces according to DexRate rate.
  • The PRX production rate is 21% per month.
  • DXC and PRX package periods are 1 year.
  • DXC mining and staking packages can be corrupted at any time and there is no loss.
  • PRX packets are burning. For this reason, there are no refunds or returns.

    • How can I do it?

    We can do it by meeting the necessary conditions with the specific instructions given on GitHub.

    <Commands The Execute>
	wget https://backup.mydexchain.io/data-[date].tar.gz 
    
<Stop myDexChain Node>
	docker kill mydexchain 
    
<Delete old data dir>
	rm -rf /var/lib/docker/volumes/mydexchain/_data/12 
    
<Untar archive to data dir>
	tar -zxvf data-[date].tar.gz -C /var/lib/docker/volumes/mydexchain/_data/
    
<And start the node>
	docker run -d --rm -p 2020:2020 -p 2053:3030 -v mydexchain:/var/lib/postgresql/ --privileged --log-driver=none --name mydexchain mydexchain/mydexchain:latest
    
<Master Package>
	http://{DockerHostIP}:2020/setMasterPackage/{dexhash}