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Pecunia Masternode Setup Guide Updated For Mainnet

This guide provides step-by-step instructions for setting up a Neoxa masternode on the Pecunia platform, requiring 1,000,000 Neoxa coins. It includes prerequisites, account setup, fee address creation, and detailed steps for configuring and deploying the node. The guide aims to help users avoid common mistakes encountered during the setup process.

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36 views23 pages

Pecunia Masternode Setup Guide Updated For Mainnet

This guide provides step-by-step instructions for setting up a Neoxa masternode on the Pecunia platform, requiring 1,000,000 Neoxa coins. It includes prerequisites, account setup, fee address creation, and detailed steps for configuring and deploying the node. The guide aims to help users avoid common mistakes encountered during the setup process.

Uploaded by

forwardfastmailmaster
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Pecunia Neoxa Masternode Setup Guide

**Note** - Now Updated for mainnet which requires 1,000,000 Neoxa coins
This guide was originally written for Testnet, so some illustrations show 60,000 coins. In illustrations,
please assume 1,000,000 coins**

*Why I wrote this guide*

Initially, I struggled with setting up Neoxa nodes on Pecunia. While their wizard-based setup is very
intuitive, my nodes were constantly going offline for reasons I simply could not figure out. I almost gave
up on them, but their chat support representative convinced me to try again with him guiding me along.

I’m glad they did. There were a couple of things that the setup process doesn’t quite explain, and I’m
sure there would be other people (like me) that made some of the same mistakes I did.

It’s why I wrote this guide to help others avoid my mistakes, and frustration.

Prerequisites: Neoxa’s v5.1.1.4 wallet configured 1,000,000 coins per node, plus a few coins for fees
(Hit us up on our Discord, we’ll send you some)

Step 1.) Sign up with Petunia and create collateral

- Create an account on Pecunia, (https://pecuniaplatform.io/home) and fund it. Currently, it costs


USD$1.99 per month to host a node on their service
- Go to your wallet, click on file>debug console. At the bottom of the screen, enter: getnewaddress

- Copy this address, create an address label. I used “14” but any identifier you want is fine, it just
makes it easier to find the transaction later on.

- Send *exactly* 1,000,000 coins to this address:


Step 2.) Set up Fee Address

- Next we will create a Fee address that will be used later in the setup of your node
Again in debug console enter “getnewaddress”

- Locate it in your wallet (file>receiving addresses)


Right click it and name it “fee address”

If you plan to set up more than *one* node, this next step is helpful and may avoid you from nodes that
fail shortly after setup. If you are only setting up *one* node, feel free to skip steps 3 and 4:
Step 3.) Enable Coin Control features

- In your wallet, click on Settings>options and select “wallet”

- Check the box for “enable coin control features” and click OK.
Step 4.) Lock Collateral Address

- Click “inputs”, then find the address with the label you just created.
- Right click and select “Lock unspent”.

You’ll now notice a lock on that collateral address:

You’re doing this because if you choose to create another new address, and sent 1M coins to it, coins
from an unlocked “14” wallet in this example may be used for you next “15” node collateral. You’re
locking the address so that *does not* happen.
Step 5.) Set up Pecunia hosting

- Log into your Pecunia account, and go to your dashboard:

- Click “host”
- Select “Neoxa mainnet” from the dropdown menu, choose the plan you wish to go with, then click
“proceed”

Note: You have *already* sent 1M coins to your collateral address, so there is no need to do the
getwalletaddress this again. All you need to at this point is find your TXID and paste it in the box
above.
Step 6.) Find your Transaction ID

- Go back to your wallet. In the Send menu click “Inputs”.


- Find the address containing the 1,000,000 coins you sent to

- Right click that address and select “Copy Transaction ID”


- Paste that TXID into the box, and click “check”

Pecunia will assign a random name to your node (that you can modify later if you wish)
Do not change anything on this next page
Just click “CONTINUE”
- Click “DEPLOY SERVER”

Your server is installing.


This will take about 5 mins to get to the next step:
If you would like to change the name of your node, simply click the name of the node (in this example
“CombatWombat”.

Here you will be able to name it whatever you want:

I named mine node name to “mn_14” as this is my 14th node, but again this step is optional if you don’t
want to change it’s name.
- Click “Dashboard”

Soon you will see “click to resolve”. When you do, click that to proceed to the next step

At this point you will see a screen looking for you to add addresses.
Step 7.) Prepare addresses

On this^ screen, your Payee address is already set, but you do need an Owner/Voting address plus a fee
address.

- Go back to your wallet


The Debug Console should still be open, but if not, select tools>Debug Console

- Type “getnewaddress” and hit enter

The wallet generated a new address shown below:


- In your wallet, click “file” then “receiving addresses:

You’ll see that address you just created. This will serve as your node’s “Owner” and “Voting” address.

- Right click on it, and select “copy address”


- Paste this address in both Owner and Voting address fields
Next, find your Fee address in your wallet (file>receiving addresses)

- Right click, and select “copy address”


- Enter this into the Fee Source Address field:
- Click “SAVE AND CONTINUE”

You will next see this screen:


Step 8.) Prepare Transaction & Send Fee

Stop here for a moment because you need to send a couple of Neoxa to your fee address
- Send 2 coins to your fee address

- Go back to your Inputs


Now we wait for at least 20 confirmations for your 60K neoxa address, and 1 confirmation on the
fee you just sent. The 60K address may take 20 minutes to get there, the fee address perhaps 1
minute:
- Go back to your Pecunia config, and click “COPY”
- Head back to your wallet’s debug console, and paste that command:

You will see something like this:

- Select, and copy only this text.


- Paste into Pecunia’s “ ENTER the output below” box

- Click “CONTINUE”

Next screen:

Step 9.) Sign the Transaction


Basically, same copy/paste method as previous step.

- Click “copy” and paste into your debug console below:

*NOTE* Copy your *own* specific outputs into Pecunia…I’m only using mine as an example, your output
will be different.
- Click “CONTINUE”

Next screen…
Step 10.) Register your node

- Hit “COPY”, and Paste into your debug console

- Select this text, and paste into Pecunia’s output box:


- Click “FINISH”

After about 30 minutes, your node should show “ENABLED”

Congratulations! You’re done. If any questions, hit the chat button in Pecunia to reach their amazing
support, or hit us up in #masternodes in our Neoxa Discord: https://discord.gg/8bJ8jHSk

On behalf of the team, Thank you for Supporting Neoxa!

Ginger

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