Some of the notable ways to earn in cryptocurrency are namely- day trading, swing trading, buy and hold, participation in ICOs, participation in airdrops and bounties, etc. However, another unique way to earn form cryptocurrency is to run a masternode.
Blockchain technology forms the bases for which crypto currencies are built. As already known, a blockchain is a digitised, decentralised, public ledger of all cryptocurrency transactions. Identical copies of this distributed, decentralised ledger (blockchain) are maintained across the internet by end-users. These copies of blockchain are called nodes. They provide the backbone of the blockchain network – relaying blocks and verifying transactions. Nodes are computers in the network of the cryptocurrency which receive new transactions and blocks, validate these transactions and blocks, and spread valid transactions and blocks to connected nodes and ignore invalid transactions and blocks. The number of nodes correlates to the security and liveliness of the network. Each node (a computer connected to the network) gets a copy of the blockchain, which is downloaded automatically.
However, masternodes go one step further by performing special/important functions. A masternode is a combination of; (a) server used as part of the decentralised infrastructure of a cryptocurrency, (b) masternode operator, (b) collateral or a bond held in a cryptocurrency which has masternode functionality (d) rewards –incentives for which masternode operators create a masternode. A masternode platform can be described as any cryptocurrency that permits the decentralised use of servers, which can generate income for the owner.
The cryptocurrency (Dash) was the first to use the term masternode. They provided instant send and private send services. The concept of servers providing services to a cryptocurrency network is becoming popular. (A server is simply a computer connected to a network which provides certain services). Masternodes offer a number of services comprising (a) privacy related function (b) instant send (c) cryptocurency exchange (d) hashing (e) smart contracts (f) commerce services.
Considering the cost of mining which involves the purchase of expensive GPUs, high electrical power consumption leading to high expenses, loss that could be incurred if the coin/token loses value, then it is no doubt that this lead to a rethink by cryptocurrency experts. Crypto experts, as at late 2017, predicted that masternode will gain popularity in the coming years. This prediction has come true today as just the first/second quarter of 2018, investment in masternode have increased. Investment in masternode is a great passive income generating assets.
Dash masternode is a good example of the benefits of investing in masternodes. Those who participated in the dash masternode when the coin was about $1 (with 1000 DASH masternode collateral – that is $1000) are now worth $1.6 million as at December, 2012, not considering the dips in 2018 experienced in the cryptocurrency market. That is, apart from the passive income earning, you also enjoy the increase in the value of the cryptocurrency.
The question is why are cryptocurrency lovers not cashing in on this investment opportunity in masternodes? That is because 98.5% of the cryptocurrency investors don’t have the technical/computer competency to set up, maintain and run a masternode. Various coins have different computer/technological requirements to participate in their masternode program.
Most investors are not technologically capable to learn the complex computer language and commands usually required to set up masternodes. What they want is to plug in their funds and get the rewards. This is where MANO comes in! The MANO coin project (The Masternode Foundation) has come in to provide solution to investor’s problem. It will remove the barriers holding back investors from participating in masternode investment project – the great passive income generating assets, thereby, becomes a unique income generating portfolio in the crypto space.
The Masternode Foundation shall provide the following services:
Hosting by MANO
It is exciting to realise that with just one click, you become an investor in Masternode. This eliminates the complex requirement of Linus command line/wallet console knowledge. The MANO $5 one click masternode exclusive service eliminates the difficulty for masternode investors. All that is needed is to choose only Tier 1 provides, such as Google Cloud, Amazon Web Services, Digital Ocean and Octave Virtual Hosting (OHV). The foundation will provide World Class redundant scalable infrastructure with an offer of 99.9% Service Level Agreement (SLA) Guarantee that has not been offered before by other platforms.
Masternode Automated Shared Service
A special two per cent fee shared masternode automated platform which creates the freedom to join any coin shared masternode automatically without waiting or having interface with anybody. The MANO foundation automated platform eliminates the inefficient, tedious and difficult to audit services which the traditional shared masternode offers. The automated platform is designed to have vacancy for new shares so the investor’s earnings begin immediately. Time is saved as there is no need to wait for a new masternode to be setup.
MANO Exchange
This platform shall enable investors receive their rewards as well as trade their masternode coins automatically as desirable. The platform, therefore, provides more income opportunities for the investor.
Masternode Rankings: Node Monitor
The MANO foundation shall create a user-friendly and comprehensive platform, the first of its kind that comprises masternode coin listing and comparison, masternode monitoring service with e-mail. Mobile and push alerts. This will enable investors to be notified in real time of their masternode investment performance. The apps comprise Node Monitor Android and IOS. The apps will give up to date information/status of their investment regardless of where the investor may be located.
Technical Specifications of MANO
• Symbol: MANO
• Address Prefix: M
• Block Reward: 10 MANO
• Masternode Collateral: 1000 MANO
• Block Reward Distribution: 5/5 (50% Miner/ 50% Masternode)
• PoW Algorithm: Lyra2z
• Block Time: 120 seconds
• Diff Retargeting: DGWv3
• Halving: 12 months
• P2P Port: 5982
• RPC Port: 5983
• Max Supply: 12,614,400 MANO
• Premine: 3%
THE MASTERNODE FOUNDATION ROAD MAP
• June 2018 - MANO Coin Blockchain: Genesis block creation, Core wallet releases, explorers, mining pools and business incorporation.
• July 2018 - MANO Host: Initial platform release, one-click MANO masternode setup, additional coins inclusion and support staff selection.
• August 2018 - Shared Masternodes Platform: Automated MANO Shared Masternodes beta-testers selection, platform release and addition of partner coins.
• October 2018 - Masternode Rankings: Official platform launch, listing of partner coins, Node Monitor apps and final marketing plan fine tune.
• January 2019 - MANO Exchange: Beta release, partner coins listing, third party security audits and jurisdictional legal compliance.
• March 2019 - MANO Fund: MANO’s decentralized governance activation, proposal platform deployment, and initial investments and dividends distribution.
FURTHER INFORMATION
For more information visit the following sites:
Website: https://manocoin.org/
Whitepaper: https://manocoin.org/MANO-LP01.pdf
Bitcointalk: https://bitcointalk.org/index.php?topic=4328146.0
Twitter: https://twitter.com/MANOCoinTeam
Telegram: https://t.me/MasternodeFoundation
Discord: https://discord.gg/t7fTaQj
Medium: https://medium.com/@masternodefoundation
Author: https://bitcointalk.org/index.php?action=profile;u=1717893