Qortal Project

The future of blockchain platforms

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Minting FAQ

Where do I request sponsorship to become a Level 1 after 7200 blocks? At the current time, all sponsorship requests should be posted in the #if-you-need-sponsorship on Discord, in Telegram or on Q-Chat. We tend to sponsor people who are active in the community and we get to know. We are building a community!

How do I mint? How does this work? First, you must be a Level 1 or higher to mint. This means for new accounts, you must get sponsored, then run a node for first 7200 blocks. You then reach level 1 and have a minting enabled account at which time you will create your own minting key, and begin earning QORT for supporting the network with your fully synced and "minting" node.

What if I want to switch nodes, i.e. from one laptop to another, if I stop the back-end and relaunch 3 minutes later on another machine, do I lose my sponsorship TX? No. The system is counting for a total number of 7200 blocks. This count or credit will not reset if you lose sync for any amount of time.

How can I check my level and number of blocks minted during sponsorship? The Qortal UI displays your level and "blocks minted" count on the left side of the screen, however if your core is not fully synced it may not have an updated value. You can also check using the API with the following link. Be sure to input your address at the end in place of where it says "ENTERYOURADDRESSHERE": "http://localhost:12391/addresses/ENTERYOURADDRESSHERE"

What do I need to do after I have minted 7200 blocks under sponsorship? See Becoming A Minter page for a step by step guide.

Is there any benefit of running more than one node? You will not earn more QORT for multiple nodes, but you will ensure that your account is always synced and minting in the event that one device is not syncing for whatever reason. This is referred to as redundancy.

What is a self-share? This is a term given to creating your own 'minting key' or ‘reward share key’ which is then added to node management once you reach level 1. We have a step by step guide on the Becoming A Minter page.

Will the Qortal Network ever work with centralized exchanges? No! The Qortal Network should never need nor want any support from centralized control. Even if a centralized exchange chooses to freely and of their own accord, list QORT coin, the Qortal Network will neither acknowledge nor support said listing, and will continue to urge users to maintain their own sovereignty, and utilize only decentralized methods by which to exchange their valuable assets!

How will QORT coin gain value? As development and adoption of Qortal continues over time, so does the value and applicability of QORT coin. The Trade Portal allows any coin holder to list a sell order at whatever price they’d like without sell walls, and buyers can choose any order without buy walls. In other words, the Trade Portal allows for a free market trade that cannot be manipulated or a price ‘set’ by anyone - including the DevTeam or founders. Individuals get to set and agree to pricing as they see fit. We will see this concept evolve further with the launch of core version 3.0 with data hosting and the birth of a new Internet. Qortal’s web hosting solution will allow e-commerce and job markets to thrive, where any coin we support can be used as a digital form of payment. So QORT’s value will surely rise as more applicability and liquidity occur on-chain.

Do I have to be a minter to use the Trade Portal? No. You must run a node to utilize the Trade Portal and conduct true peer-to-peer trades, but you do not have to be a minter (level 1+) to do so. See The QORT Coin wiki page for a guide on how to buy QORT in the Trade Portal.

Does it matter if my computer sleeps? Your node will not stay synced or sync completely if your computer goes into sleep mode. You will need to turn off anything that stops your computer from processing.

Will I have to restart 7200 blocks minted to reach level 1 if my computer shuts down or I move to a different one? You do not lose credit for blocks minted if your node is down - meaning you do not have to run 7200 straight. Your blocks minted is recorded on-chain.

minting_faq.txt · Last modified: 2021/12/06 17:02 by gfactor