Galilel (GALI)

GALILEL (GALI) – COIN INFO & MN GUIDE

COIN SPECIFICATION:

Coin Name: Galilel
Coin Ticker: GALI
Hash Algorithm: Quark
Consensus Algorithm: PoS + zPoS Hybrid
Block Size: 2 MB
Block Time: 60 Seconds (Re-targeting every block)
RPC Port: 36002
P2P Port: 36001
Type: PoW / PoS / zPoS / MN
Minimum Staking Age: 2 Hours
Maturity: 120 confirmations
Send Eligibility: 6 confirmations
Rewards (till block 1,500): MN 60%, PoW 40%
Rewards (till block 205,000): MN 60%, PoS 40%
Rewards (from block 205,001): MN 70%, PoS 30%
Last PoW Block: 1,500
Masternode Collateral: 15,000
Max Coin Supply (January 2020): 19,035,999 GALI
Max Coin Supply (January 2030): 45,315,999 GALI
Max Coin Supply (January 2040): 71,595,999 GALI
Max Coin Supply (January 2050): 97,875,999 GALI
Dynamic Coin Supply: All transaction fees & zGALI minting fees are burnt
Community Donation Address: https://explorer.galilel.cloud/address/UUr5nDmykhun1HWM7mJAqLVeLzoGtx19dX
Multisig Budget Address (3-of-6): https://explorer.galilel.cloud/address/7U3FMDhKv4j5bzauurPoX1TtqE7hPowSJi
Dev Budget (from block 250,001): 10% in monthly superblock

ZEROCOIN SPECIFICATION:

Zerocoin v1 activation: block 245,000
Zerocoin v2 activation: block 245,000
zGALI Automint: 10%
zGALI Rewards (from block 245,001): 1 zGALI
zGALI Rewards (from block 340,001): MN 40%, PoS 60%
zGALI Rewards (from block 430,001): MN 40%, PoS 60%
zGALI Denominators: 1, 5, 10, 50, 100, 500, 1000, 5000
Accumulator Modulus: RSA-2048
Maturity: 240 confirmations
Send Eligibility: 20 confirmations
Fees (mint): 0.01 GALI per minted zGALI denomination
Fees (spend): No fee

With Zerocoin v2 activation at block 245,001 the reward structure becomes dependent from the staking type. If public Proof-of-Stake (GALI) and staker finds a block, 70% paid to masternode and 30% to staker. If private Proof-of-Stake (zGALI) and staker finds a block, 40% paid to masternode and 60% to staker.

Proof-of-Work Rewards

Proof-of-Stake will start at block 1501.

Stages	Block Height	Reward	MN	PoS	Supply
Stage 1	1,501-12,000	100 GALI	60%	40%	1,271,399
Stage 2	12,001-22,000	90 GALI	60%	40%	2,171,309
Stage 3	22,001-42,000	80 GALI	60%	40%	3,771,229
Stage 4	42,001-100,000	70 GALI	60%	40%	7,831,159
Stage 5	100,001-160,000	60 GALI	60%	40%	11,431,099
Stage 6	160,001-205,000	50 GALI	60%	40%	13,681,049
Stage 7	205,001-250,000	25 GALI	70%	30%	14,806,024
Stage 8	250,001-340,000	13.5 GALI	70%	30%	16,156,009
Stage 9	340,001-430,000	10 GALI	70%	30%	17,055,999
Stage X	430,001-ongoing	5 GALI	70%	30%	ongoing

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Dextro

MASTERNODE SETUP GUIDE Galilel (GALI)

Download Galilel wallet for your operating system

All wallets can be found here: https://galilel.cloud/#wallets

To speed up the synchronisation you can download the bootstrap file and replace your wallet files by the bootstrap ones.

Download latest bootstrap: https://galilel.cloud/#wallets and select ‘Blockchain Snapshot’

Setup your wallet ready for the Masternode (part 1)

Go to the ‘Receive’ tab, enter a label name and click ‘Request payment’. Then select ‘Copy Address’

2. Go to the ‘Send’ tab, paste the address and send exactly 15 000 Gali. Wait for 12 confirmations

3. go to the menu ‘Tools’ then ‘Debug Console’ and enter the following commands

masternode genkeys

copy the genkey to notepad

masternode outputs

copy the outputs and the index (0 or 1) to notepad

The first part of your wallet setup is done. We will know setup the VPS and come back to the wallet after to finish the setup

Setup your VPS (part 1)

Login to your VPS (via putty, bitvise, terminal, etc…). If you do not know how to login, please refer to your VPS provider instructions.

Enter the following command one at a time:

wget https://raw.githubusercontent.com/Galilel-Project/galilel-scripts/master/scripts/install_galilel.sh
chmod +x install_galilel.sh
./install_galilel.sh

The script will now install the masternode, the process can take 10 to 15 minutes

Once the installation is completed, you need to check different synchronisation status with the following commands:

galilel-cli getinfo

the line ‘blocks’ must show the same block as the explorer https://explorer.galilel.cloud

galilel-cli mnsync status

the line ‘RequestedMasternodeAssets’ must show 999

Setup your wallet ready for the Masternode (part 2)

Go to ‘Settings’ then ‘Open Masternode Configuration File’. Notepad will open with an example of the input required

Format: alias IP:port masternodeprivkey collateral_output_txid collateral_output_index

2. You need to enter a new line following the example:

replace ‘IP:port’ with the IP of your VPS and add :36001 at the end of the IP
replace ‘masternodeprivkey’ with the genkey generated earlier
replace ‘collateral_output_txid’ with the outputs generated earlier
replace ‘collateral_output_index’ with the index generated earlier (0 or 1)

So your line will look like this (with each parameters matching your console outputs):

mn1 127.0.0.2:36001 93HaYBVUCYjEMeeH1Y4sBGLALQZE1Yc1K64xiqgX37tGBDQL8Xg 2bcd3c84c84f87eaa86e4e56834c92927a07f9e18718810b92e0d0324456a67c 0

You can put any label you want instead of mn1, the label will show in the masternode tab

3. Save the file, close and re-open your wallet

4. Go to the ‘Masternode’ tab, highlight your masternode and select ‘Start Alias’. You will get a pop-up saying ‘Masternode started successfully’

Setup your VPS (part 2)

Back in your VPS, you just need to enter one line of code to confirm that your Masternode has started successfully:

galilel-cli masternode status