BeetleCoin team released wallet v184.108.40.206 which is a mandatory upgrade. This release uses 70104 protocol and also comes with security patch release. This being a mandatory upgrade, all BeetleCoin investors should update to this version immediately in order to make sure they are on the correct chain and still continue to receive rewards.
The team released an upgrade tutorial which can be found at http://220.127.116.11/files/Upgrading%20Masternode%20to%20v18.104.22.168.pdf.
Once upgraded to a new wallet, if you would like to check your chain info, you can do so by opening the debug window on your wallet and then type:
==> getblockhash 354886
If the result is “9e553022f9b6a522e2231fc5ca417fa98958983a548ca634fcfb2acbc8189647”, it means you and on the right chain.
With this new release Tier Nodes also got activated. The new structure is as follows-
==> Requires 10000 Beets
==> Will earn 4% of block reward
==> Requires 50000 Beets
==> Will earn 19% of block reward
==> Requires 150000 Beets
==> Will earn 62% of block reward
PoS reward is set to 5%, and there is a new introduction of Dev fees which is 10% of the block reward.
The team behind this project has worked really hard to reach its current position. I am positive that with the new release, many individuals will be able to run BeetleCoin MasterNode, thus opening doors for some really good passive income.
Note: The information provided here is not intended as investment advice, and only contains personal opinion. Cryptocurrencies are risky. Never invest more than you can afford to lose. Always seek professional advice before making any investment.
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