 Hey, how's everybody doing today? I'm your host Rich here on behalf of Rich TV Live with my very special guest, my cryptocurrency enthusiast associate, Mosin. How are you doing, Mosin? Great, Rich. Thanks for having me. How are you doing? I'm doing great, man. I'm excited about learning more about Ascentia and the DeFi life. And I know that you are currently running a masternode. I'm going to start running a masternode. So I wanted you to go through the process since you've already are running a masternode and you're going to run a second masternode. I wanted you to actually go through the process of showing the audience how you do that, how you set up the tokens, how you get money into your account, and how you are able to actually run a masternode with Ascentia. Can you go through the process for us? Yeah, absolutely. We'll give you a bit of background. A masternode is one of the many ways to, or a few ways I should say, to secure the blockchain. So when we are setting up a masternode, we're actually contributing to the decentralization and security of the platform. In this case, that's Ascentia. Ascentia has got a great wallet app. They're on a good path to be almost an aggregator of multiple wallets. They have a very big focus on security. And with this decentralization through different masternodes, we're going to see a very tight project. So yeah, it's looking good. Right now, they're offering two ways to contribute. One is by adding liquidity, which is one thing I suppose maybe you can cover in a somewhere else. And what we're going to talk about today is the actual masternode where we will be helping process transactions. So let's get started. I'll just take you through the first step. I've already done it. So this will be more of like a walkthrough. But we're going to go into the book. We're going to pick up the book. And so in the future, this will be on the Binance Smart Chain, but right now it is not. So we got this bad boy. We're at Uniswap platform right now, app.uniswap.org. Now you're going to want to make sure your MetaMask is set up. So I'm going to hop in here. I just pressed the MetaMask. I have it installed in my browser. Hit connect. Now we're in. This is a custom token. So you want to make sure that you got all of the info. So whenever you want to find this, you're going to hop on and you're going to go into what they may have a block explorer or a page where they give you the info. What we're looking for is the contract address, which is somewhere, sorry, guys. Whenever you can't really find it, the easiest way to do it, go to coinmetacap.com, search up what you're looking for, looking for your sentia, and it'll always give it to you. Very nice. And so you were mentioning that we will be using the Binance blockchain in the future as opposed to Ethereum. And the advantage is there is that Ethereum right now has very expensive gas fees. Is that correct? Yeah. Yeah. Ethereum is a fantastic protocol. It gives developers a way to build on it with a very easy understanding of which with the explosive boom we're seeing now. We're seeing everybody and their dog hopping on the blockchain, this blockchain becoming very bloated. They haven't implemented the systems they need yet to reduce that bloat. We're seeing a lot of projects come to solve that problem. And in most recent time, the Binance blockchain is now here. It offers very similar functionality with the swap to the ability for developers to build on it. But for what will cost us $20 to $60, it will cost us about $0.60 to try to act on the Binance blockchain. So it's a much more scalable solution at this point. So right now, you're using Uniswap and you're going to be sending tokens to ESS from Uniswap. Is that what you're doing? So I put in that contract that we just found. Yeah. Or you added it. So now we are set up to buy our first ESS tokens. If I had balance in my wallet, which I do not unfortunately write the moment, but it would hit what we want to buy. I want to say I want to buy an Ethereum worth. I'll give me the quote. Normally it would say swap. You say okay. You say okay in your MetaMask and then the funds will go in there. So we have now put our tokens into here. This is now in our wallet. So now then that would show up in your MetaMask now, correct? Yeah, where you see my first blood, my LPC, my Ethereum, you would have. And if you do not have ESS, do not freak out. Go to add token, a custom token. We'll put in that contract address. I'm just going to go ahead and paste that. And it already knows what I'm talking about. Boom, we're in. I got nothing in there right now, but that's how you do it. Sweet. Here we are. So imagine I got them. Now we have done the part where we get the tokens. Now we need to get it set up through the Accenture platform. So we're going to go back and download the Accenture wallet. Exactly. Go right here, get the Accenture app, download that one. I already have. You know, it's a simple download. You download it, press the EXE file or if you're a Mac, press the DMG file. It'll install it for you. I now have it here. Sweet. Now you can see mine's been messy because I've been doing a lot on the blockchain. But the first thing you want to do, you got to import that wallet. So it's an Ethereum wallet. The one we'll call it, and then you put in that private key. You get that private key on that same wallet that you use to buy it. Press these three little dots here. In your MetaMask. In your MetaMask. I don't want you to show your private keys. Keep that private. But here's export private key. You press that. It'll ask you if you're sure to export and then it'll show. When you do get it, just highlight it all, copy, right? And then you go back into your Accenture, paste that into here. Don't write something in my address. And import. That is how I did it. So now all of a sudden your funds are in your ESS wallet. There it is. So you can see here, I had a little bit left over from my last transaction. So this is what you would see if you did this. The tokens that you bought will be showing up here. If you want to run a masternode, you need to purchase at least 100,000. I would recommend you buy 101,000 to cover your fees. So you need 100,000 tokens guys to run a masternode. I do have over 100,000 tokens ready to run a masternode. And Mohsen already has run a masternode and he's going to be running a second masternode today. Is that correct? That is correct. So from there, what's the next step from there to run your masternode? Now that you get the funds in your account? We purchased on the Ethereum blockchain. And this is important because you can see right here, ERC 20 means that these are your Ethereum based tokens. All right, we hit it. Now here's this token swap. Now we're going to take those tokens and swap them for the native ESS tokens. They are called ESSX. I would take them, take your 100,000. There's so much you're going to receive. You can now set how much you're going to spend on gas. Now you want to hit anywhere from normal to fast. If you hit slow, it will take too long or it will not work at all. Oh, wow. This is where you see the real effect of the Ethereum blockchain. You can see these prices are a little bit on the high end. So you want to make sure you're moving a lot to make it worth your while. Yeah, so if you're moving $100 and you're spending $43 in gas fees, it's probably not worth it. But if you're moving like at least $1,000, then that's 4%. That's not the end of the world. Exactly, exactly. So that would happen. I would hit the swap and it does its thing. So the swap time may take anywhere from half an hour to a couple hours. The dev team is fantastic with support. If you ever have any issues, keep in mind we're very early to this company. It's a great opportunity that Rich has brought to us. So we want to just kind of be aware of it. It's a little bit unpolished. So if you do see that take a look along, don't hesitate to go into the Telegram group. Their support, they'll help you out whatever you need. So we've done that. Our token swap is done. The funds have left. You're going to see a pending like I've got one here pending. And then done, you'll see it say redeemed. And then it'll actually be in this essential wallet that comes with your application. You don't need to import this. It's already there. You'll see it confirmed. And now your coins are in ESSX. Exactly. And that's where you can now, as you can see, Masternode is one of the options there now. So now you could run a Masternode. So what's the process of running the Masternode? So you click on Masternode. I've already got a Masternode. So this one here wouldn't show up for you. But you can see once you do set it up, for example, I've set mine up six days ago, I've already earned over 1000 ESSX tokens. When you set up your Masternode, do you need to put in a certain amount of days you're going to run it for? Exactly, you do. So one beauty thing, let's just touch on this. A Masternode is used by a lot of different systems. Typically holding a Masternode, it needs to be online at all times because you're validating transactions. That's what's happening is instead of mining, you're staking and you are using a Masternode to show that you are a secure provider of these coins. So yeah, in general, you would not need to set the amount. But ESS has a great solution for this. So we're going to hit deploy another Masternode. I'm going to put my Masternode amount. We're going to do 1000 days. 100,000 in 10. So one, one, two, three, one, zero. Those are the amount of days. Oh, sorry. Thanks, guys. We're going to call this no, no two. And I'm going to do this for 30 days. 30 days. Okay, so now the reason I was asking you for this is because ESS essentially gives you a server essentially. So you don't need to have your computer on at all times. You are borrowing server time from them to stake your coins. Oh, wow. I thought I had to keep my computer open. No, thankfully not. Nice. Yeah, it's actually great. It's going to save you a lot. You know, a lot of these computers, you know, they take a lot of energy. So there is a fee to save just for one day. You can see that fee 100,000 on top is your 92. So it's looking to be about 92 in the day. But I'm going to do it for 30 days. It's going to cost you 2,482. So that's all that's pretty much it. So let's just make sure everything's done right. You just got a name, you got 30 days, about pay 102,482. And you can see the balance is 108,968. So I'm good. Maybe we should revise it so you want to be purchasing, say, you know, 103,000 maybe just to be safe. So here I'm going to set it up. Take 20 minutes. Sweet. So now in progress, you see that one, you see my one that's successful. It's been active. It's been up for six days now. I've earned 1127. So if you calculate that six days, you know, I've already got almost half my initial spend for the server. So it's quite good. Yeah, that's pretty good. So you got 1100 tokens out of 100,000, you've already got 1100 tokens in six days. So that's like a master note is like in stocks, if you were to buy a dividend paying stock and you're holding that stock long-term, you're going to receive a dividend. A master note is similar. You're going to receive rewards. You're going to receive more coins for holding the coin. Correct? Exactly. Yeah. You know, you have your stock companies that they want to have a secure shareholder base. So they're going to incentivize those shareholders. You know, Ascension, they want to make sure that they have a good decentralized base of as many people running a master note as possible. So those centralization, they're going to incentivize you for that. Okay, Mohsen, there's a share screen button. Do you see it? Yeah. Are you able to unshare your screen for a second? Yeah. And then I'll try to go and run my master note. Sweet. Go share my screen now. And here is my wallet. Okay. So do you see my wallet now? Yeah. Perfect. So here is my Ascension. Here's my master node. So I would just click master node. Yep. And then scroll down here. No active master nodes. This is my first master node. And I want to hit deploy master node. It doesn't give me the option to choose days yet. No. Just hit deploy master node. Okay. So this is where I'm going to call this one. We'll call this rich TV live. And we'll say we're going to do it for 30 days, just like Mohsen did, and set up a master node. Boom. You know, Ascension made this so easy. It's essentially a long-click master node. That's it. So there it is, guys. We've got a chance to see Mohsen who's running two master nodes. I'm now running my first master node. And I still have coins in my wallet. So technically I could run a second master node. Good. Because I have 200,999. I guess I have less than that now because I'm running this master node. Yeah, you're just shy, but probably have to send a little bit. Maybe I'll send myself a little bit more gas or a couple more coins. And then I'll be able to run a second master node because you need at least 100,000 ESS to run a master node. So I'll be a little bit shy of that. Correct. So I'll top up my coins and maybe run a second master node just like Mohsen and then make a video for you guys to watch. Mohsen, thank you so much for showing us everything today. I really appreciate it. And hopefully you have really good rewards with your master node. And in the future, if we run any other cryptocurrency videos or educational training, love to invite you so that we can get your take on everything that we're talking about. Absolutely. Absolutely. I'm here whenever you need me. I appreciate it. Thank you so much. Congratulations on running your master node and all your success. Hope you enjoy the Essentia token and the Essentia platform. For those of you guys that are watching, remember Rich TV Live is strictly for education, entertainment purposes. Always do your due diligence. Always do your research before you invest in anything that we talk about here in Rich TV Live. Past performance is not an indication of future results. If you like the video, please smash the like button, comment down below, share the video everywhere and subscribe. Essentia, put it on your watch list, put it on your radar. Let me know what you guys think. Comment down below. What do you think about Essentia? This is Rich from Rich TV Live with Mosin saying, have a nice day.