The masternode

With your account in place, you can now create your masternode. The most important part of a masternode hosted on our platform is the collateral money — the 1000 GIN you will have locked in your wallet in order to be able to launch the masternode. Before you get to locking this sum, you will first have to take care of the hosting fees. Once logged into your GINcoin platform account, you will see in the upper-right corner a dollar sign and your GIN coin balance.

Click on that, then on DEPOSIT.

This will generate an address to which you can send money from your wallet for hosting purposes. The dialogue box that opens when clicking on DEPOSIT will prompt you to wait with that window open in your browser until you will receive a transaction confirmation.

Now, for this transaction to happen, you have to go to your wallet, click on SEND, select InstantSend at the bottom of the tab, and fill in the amount of GIN you want to transfer for hosting — we recommend a minimum of 15 GIN for one month of hosting (your actual spending might vary). Click the SEND button on lower-left corner of the tab and your hosting money has been sent to your GINcoin platform account.

Once you’ve received the confirmation for this transaction in the browser you’re good to go with launching your masternode.

Go to STATISTICS (it will soon display a lot of other nice bits of info, but for now it’s an ever-growing list of coins we support).

Click on the LAUNCH MASTERNODE button under the GINcoin logo and then follow the few easy steps you are prompted to in order to launch the node.

Once the node has been launched, you will receive a command with a newly generated address which you will need to use in your Wallet in order to have the masternode up and running.

So, let’s go back to your wallet. There you will click on TOOLS → DEBUG CONSOLE, and, in the command line you will PASTE the command you got on the GINcoin platform and click enter.

After pasting the instruction you got from the GINcoin platform, your wallet will generate within the Debug console a new address. This address is also located inside your wallet, but you can think of it as a new pocket that you’ve added inside your wallet to keep your money separated so that you don’t accidentally use up your savings money.

Similarly to the way you’ve sent money before from your wallet, you will now send money to this newly received address. Click on SEND, enter the Payment address you’ve just received, enter the amount you want to send

VERY IMPORTANT! YOU MUST SEND EXACTLY 1000 GIN for the masternode to be launched, NO MORE, NO LESS

Make sure you DESELECT the “InstantSend” function and the “Subtract fee from amount” one. And click again on the “SEND” button in the lower-left corner of the tab.

You will be able to view this payment as “Payment to yourself” in the TRANSACTIONS tab in your wallet.

Now, to finish the masternode setup, go back to your WALLET → TRANSACTIONS, double click on the “Payment to yourself” transaction and check if you have received at least 1 confirmation (STATUS: 1/unconfirmed). If you have, then copy the TRANSACTION ID you will see in the confirmation dialogue box.

Go back to the GINcoin platform browser, click on “I have at least 1 confirmation, let’s proceed” and paste the TRANSACTION ID in the field that prompts you to do so.

Click “Submit” and then wait for your masternode to be ready.

You should next see a message letting you know that you’re almost done and prompting you to go to your WALLET→ TOOLS → OPEN MASTERNODE CONFIGURATION FILE and write down a command line. After writing it and pressing ENTER you will have to SAVE and CLOSE this file. Close the WALLET and open it again and then press CONTINUE in the GINcoin platform window. As you can see below in our screenshot all these steps are already spelled out for you in the dialogue box.

Once your have opened your wallet, you will have to wait for it to fully sync (you will see this in a progress bar at the bottom of the window).

Go to DEBUG CONSOLE and write the command you have received in the dialogue box of the GINcoin platform. Press ENTER and then you will receive a SUCCESS message. If that is the case, you just have to wait with your browser open until your newly created masternode is detected on the network and you will see on your screen your Masternode details.

And… done.