Dash Masternode Tokens (DMN) will be offered at an exchange rate of one DMN per Dash invested. A Dash Masternode will be deployed once the minimum of 1,000 Dash is allocated. DMN token holders will receive payouts quarterly in proportion to their holdings. Investors will be able to vote on Dash’s budget proposals through Swarm’s liquid democracy voting module.
One year after the initial deployment, we will hold a vote to decide on exiting. If the majority of votes determine to exit the investment, the Masternode will be disabled and investors will receive their initial Dash back. If no exit consensus is reached, the Masternode will run for another year.
The Swarm Foundation will setup the Masternode and perform the necessary updates in order to keep it running. The cost of running the Masternode will be deducted from the quarterly payouts.
James Murphy, founder and chairman of Murphy & McGonigle, said he wouldn’t settle any crypto case with the current SEC before seeing how the election turns out.
