What you need to know to participate
1) Set up your staking wallet by depositing at least 50,000 SWM to an ERC20 wallet.
2) Signal your intent to run a Masternode by sending 1 gwei (0.000000001 ETH) from your staking wallet to the following address:
(Make sure to send ETH. Do not send SWM)
To ensure your transaction is processed by the ethereum network, we recommend::
Suggested Gas Limit: 50,000
Suggested Gas Price: Please always refer to https://ethgasstation.info for the current safe price.
Requirements for reward eligibility
A minimum of 50,000 SWM tokens must be deposited in an ERC20 wallet. If the balance of SWM drops below 50,000, the node is considered invalid and will not be considered as active for the purposes of earning rewards. Each active masternode requires a wallet with a minimum of 50,000 SWM tokens. One wallet, one node. Multiple nodes cannot be run using a single ERC20 wallet.
A node must be active for a 15 day warmup period to be eligible for rewards.
Masternode software will need to remain current and active for a minimum amount of time per month to be eligible for rewards.