Generic Masternode setup

Step 0 – Checklist

You will need the following.

  • Collateral amount for your coin PLUS 1 additional coin. While only the collateral is required, you do need a bit more to make the transaction and cover the fees.
  • Latest version of your coin’s wallet
  • 10 minutes of your time

In the guide below we are using a XUEZ wallet, however your coin will have a similar interface, so please look past the visual differences.

Step 1 – Enable Coin Control and Masternode tab

Even though not required to setup your masternode, it’s a good practice to enable coin control. It’s in the wallet’s settings. You can read more about using coin control in our FAQ.

While you are in the options, also make sure the “Show Masternodes Tab” is ticked.


Step 2 – Create Receive Address

You need a new address to deposit your masternode collateral into. We generate this through the wallet.

Click Receive and type your masternodes alias into the “Label” field. The alias can be anything, we often go with MN01 or MN02. Then click Request Payment.

Copy the Address and close the pop-up window.

Step 3 – Transfer funds

Now you need to transfer your coin’s collateral in one single transaction to this new address. The wallet will add the fee automatically.

In the  wallet select the SEND tab and follow these steps:

  1. Paste the address from Step 2 in the “Pay To:” field
  2. Typethe required collateral in the “Amount:” field
  3. Click “Send” at the bottom left
  4. Acknowledge the fees and click yes.

 

Step 4 – Email NODEshare your Address

You will receive an email with the title “COIN Masternode Subscription Confirmation”. Simply reply to this email with your address from Step 2 in the message and send it back to us.

Step 5 – Configure your local wallet

NODEshare will send you a masternode configuration that you will need to paste into your masternode file.

In your wallet, click on “Tools -> Open Masternode Configuration File”. This will open the default configuration file. You can delete all its contents and replace it with the details received by NODEshare.

Please ensure to copy and paste the full details into your file without additional characters.

Step 6 – Restart Wallet and Start Masternode

Restart the wallet so the changes from the masternode configuration take effect.

To start the masternode, you will need to open the debug console. Click on Tools->Debug Console. This opens up a command line.

You will need to type (or copy and paste) the following into the field as in the image below:

startmasternode all 0

You should see a success message.

 

Step 7 – Troubleshooting

 

In case of problems see the following articles in our FAQ:

  • Make sure your wallet is fully synced
  • Double check your masternode configuration
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