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Hi crypto people
You might have seen the word Masternode appearing all arround in some precious thread you look into.
And probably just read it without actualy understand what it means.
Probably some stuff deserved for rich people, early investing ICO or even the dev itself.
Well, to be honnest, it can be all of these.
But initialy, and most of the time, when project is legit and not cheated (with huge premine),
Well Masternodes are open to ANYONE willing to participate.
So what is a masternode ?
It's some blockchain code, that makes anyone gathering enough "collateral" required coins for a mastertnode "node",
getting some daily rewards. Rewards on blockchain blocks.
In exemple, the coin is 50/50 POW/Masternode
it means, that every single block of the chain, will be splitted in two half.
One will go to the miner hiting the block, the other will go to one of the Masternode running.
Let's say each block rewards 10 coins. 5 will go to miner, and 5 will go to masternode.
Just compare the number of miner / the number of masternode.
There's way more chance to hit a block (with full reward per Masternode (MN) ) than with simple miners.
The profit is just way bigger for masternode side, and don't require any hardware running h24 and any electricity bill.
Just host some coins on a VPS (that roughly cost 10 bucks per month, and you can add as many coin as you want on same VPS, just need one different IP for each masternode on same chain).
It always require some fixed amount of coins, what if it's too much you can afford.
Well you will be able to find few Discord group, doing Shared masternodes.
They will gather many people on one masternode, so anyone, even the smallest investor, can get into masternode program. Most of the time, you can find these groups on the coin discord directly.
So How to choose what coin to invest in.
Few rules to me :
evaluate team and project overall looking. And judge by your own.
The more new it is, the more masternode will rewards, that a fact, ROI will decrease with time and coin spread.
Take eary position is crucial in these investment.Check miners hype grade, community activity level.
Check to see if there's not too much masternodes already online (that will make the ROI low anyway).
To buy some coins, you'll have to survey discord and ANN, for exchange announcement, or just go for P2p trade on discord, but always use legit Escrow for trades, or beware of scammers.
Here're few website you can find compare calc sheet for masternodes, and just find out what to bet on, looking for Highest ROI coins.
https://www.crypto-coinz.net/master-node-calculator/
Here's an exemple with ENDorphin where you can see 1365 usd per DAY rewards for 6388 usd involved (not bad hu ?)
Once you are involved in a masternode program, just wait and harvest you free rewards for supporting the coin.
Plant some seeds and wait for bloom, then harvest.
Can find us on Discord
:)
Hopefully this article will help, some of you to understand how masternodes works.
Polka
.