Phore Masternode Setup

Step 0 – Checklist

You will need the following.

• 10,000.1 PHR coins. You only need 10,000 for your masternode, but do need a bit more to make the transaction.

• Latest version of the PHR wallet – check Phore website the for the official version 

• 10 minutes of your time

Step 1 – Enable Coin Control

Go to Settings, select Options, Wallet, and tick Enable Coin Control.

Step 2 – Create Receive Address

Select Receive, Type your masternodes Alias into LABEL. Alias can be anything, we often go with MN1 or MN2 etc… Then click Request Payment and copy the address.

Step 3 – Send 10,000 PHR to new address

Navigate to the SEND tab and follow these steps:

  1. Paste the new address in “Pay To”
  2. Type 10,000 in “Amount”
  3. Click the Send button at the bottom left
  4. Click okay to confirm the transaction fee

Note: Do not alter the amount of 1000 XLR and send the amount in one single transaction.

If you have an existing system node, you MUST use COIN CONTROL so coins are not sent from an existing system node.

Step 4 – Email NODEshare your Address

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

Step 5 – Configure local wallet

NODEshare will respond with a completed masternode.conf file – it is the file you need to setup your end of the wallet.

You will need to open the Phore Folder in APPDATA. To reach this folder – start in File Explorer and follow the following tree:

This PC > OS (C:) > Users > Login Name > Appdata > Roaming > Phore

Paste the new data from the file received from NODEshare into masternode.conf

If you can not see APPDATA – see this link on Microsoft for help. If you use an OS X wallet your directory will be in ~/Library/Application Support/Phore.

Step 6 – Restart wallet & Unlock the collateral

Re-open your Wallet so the changes from the masternode.conf take effect.
Select the SEND tab, click Inputs. In list mode there is lock next to your 10,000 collateral amount.
Right Click on the lock – click on “unlock unspent” within the dropdown.

Step 7 – Start Masternode

Select the Masternode Tab, click on the alias.
A pop-up message will appear that the Masternode was started successfully. Happy Dividends!
Please Note: it may take up to 24 hours to receive your 1st stake. Please contact support.If you have not received your 1st stake AFTER 24 hours

If you have errors. 1st Recheck your work.
If you get the “could not allocate vin error” – check coin control and make sure that 10,000 coins are in the specified address.