Week Update 2
Hello everyone!
Here's our weekly update with all the highlights of the past week (Aug.7-13):
1. MINING POOL
1.1 ETH pool is still being worked on; we are currently testing 2 different platforms.
2. MASTERNODES
2.1 In the past week, 11 MasterNodes were filled and activated.
These include dedicated (DED) as well as shared (MN).
Dedicated
CDM
NOS
PHASE
WORX
XGS
ZENShared MN
AKA (x2)
PIRL
SMART
XMN
2.2 https://mycryptostats.com/ promotion is still ongoing (free upgrade account to every Masternode seat holder).
We have now processed 71 accounts and 6 more are being processed. If you have a seat on Pickaxe.MN and wish to get your free MCS upgrade, please fill out this form : https://pickaxe.mn/product/free-mcs-upgrade/
2.3 With the low value of crypto in general, and some projects dying, others are exit scams… Pickaxe needs to adjust its strategy a little bit.
We will refrain from listing new / cheap coins. This decision is to protect our customers, and make sure we are running a profitable business.
We’ve analyzed projects from all coins we currently have listed on Pickaxe.MN.
We evaluated :
• Masternode Worth ($)
• Is the Discord still active (last official announcement)
• Is the project still active (last GitHub update)
Following this analysis, we need to take some actions.
• Coins that received “green light”: we will continue to sell them.
• Coins that received “yellow light”: we will stop selling them, but keep current Masternode active.
• Coins that received “red light”: we will delist from our web store, but we may also need to dismantle existing MN. This will be discussed with owners.
We are sorry for the inconvenience, but this is a required step to protect Pickaxe customers and hopefully increase profitability for everyone.
Link to analysis : https://docs.google.com/spreadsheets/d/1vhXF7QOyaVxttGdwBd-c20sYjRpHeOteeSxk94X21og/edit?usp=sharing
3. OTHER NEWS
3.1 Pickaxe coins have (finally!) been shipped. We are sorry for the delay! We included some extra goodies for free!
3.2 You asked, we provide:
Pickaxe Raffle is back !
Q: How to participate ?
A: Buy a ticket on our webshop (https://pickaxe.mn/product/pickaxe-lottery-ticket). Cost is 0.001 BTC.
Q: Is there a maximum that I can buy ?
A: No ! The more you buy, the more chance you have to win.
Q: What can I win ?
A: 50% of the ticket sales goes to Pickaxe Dev funds, while the remaining 50% goes to the winner of the raffle.
Each month, there will be one winner. That person gets the 50% of the sales. TXID will be public as proof that the winner is receiving their prize.
Q: When is the raffle ?
A: We are selling tickets during the entire month. The Raffle is happening on the first day of next month.
Q: How can we be sure it's fair ? No cheating ?
A: We are using a third party app (random.org) that is doing the math.
It's based on luck, but also, the more you buy, the more chance you have to win.
Pickaxe will provide a direct link to the raffle, so you can see the list of participants and the logs.
If you have any questions or remarks, feel free to leave a comment!
Happy Mining!
Car00ke.
The Pickaxe Team.
