On May 31 2021 all KFX coins that are held in ‘Cryo’ on Vault.Investments, will be unlocked. This will give all users the freedom to host their coins elsewhere if they like. Those who own at least 1000 KFX will have the opportunity to setup a masternode and earn masternode rewards.
Masternodes can be setup on a personal VPS, or they can be hosted on a third party hosting service. One of these services is Flits: https://flitswallet.app/
Flits has a very easy to use mobile app for iOS and Android, that let’s you setup and manage a KFX masternode.
This is a step-by-step walkthrough on how to setup a KFX node using the Flits mobile app.
Step 1: download the free Flits app: https://flitswallet.app/
Update (27–9–2021): The app is free, but masternode hosting is not free. Please check their fees for hosting.
Step 2: Open the app, click on ‘Wallets’ , then click ‘Add wallet’ and search for KnoxFS (KFX).
Step 3: Click on the KnoxFS wallet and click on Receive. Deposit at least 1000 KFX to this wallet addres. It is advised to send a little bit more (1001 KFX) to pay for transaction costs.
Step 4: Once the coins have been deposited, click on ‘Nodes’.
Step 5:Click on ‘New node’.
Step 6: Click on ‘Start your masternode’.
Step 7: Click on the + sign to increase the numer of nodes to ‘1’ and click on ‘Deploy masternodes’.
Step 8: The node will now be installed and will be active after 15 confirmations.
That’s it, it’s that easy to setup a KFX masternode on the Flits mobile app.
Good luck!
If you do need any help, just create a ticket on Flits, or drop by on the KnoxFS Discord or Telegram channel.
