ProtonCoin Masternode Setup

Step 0 – Checklist

You will need the following.

  • 5,000.1 PROTON coins. You only need 5,000 for your masternode, but do need a bit more to make the transaction and cover the fees.
  • Latest version of the PROTON wallet – check the PROTON website for the official version
  • 10 minutes of your time

Step 1 – Enable Coin Control and Masternode tab

In order to start and manage your masternode, you need to enable the masternode tab in your wallet. At the same time enable coin control – read more about using coin control in our FAQ


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 5,000 PROTON in one single transaction to this address. The Proton wallet will add the fee automatically.

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

  1. Paste the address from Step 2 in the “Pay To:” field
  2. Type 5,000 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 “NODEshare Proton masternode setup – next steps”. 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 Proton 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.

Step 6 – Restart Wallet and Start Masternode

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

Before you can start your masternode wait until the wallet has fully synced – including the “Synchronizing additional data” bar at the bottom of your wallet. If you still see this

Wait until it has disappeared.

To start the masternode, click on the masternode tab, highlight your masternode and click “Start Alias”. You should receive a success message and the status should change to “PRE-ENABLED”. This will take up to 30 minutes, before the status then changes to “ENABLED”.

Do not start the masternode multiple times as this will reset your place in the masternode queue and also delay your payouts.

 

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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