Masternode passive income for all...steemCreated with Sketch.

in #masternode7 years ago

Recently there has been a lot of interest in masternode coins with Chaincoin(CHC) hitting stratospheric levels of CHC $0.05(July 5th 2017), to an ATH of $6.83 on July 13th 2017, which is a gain of 13560% in a little over a week. To put this in perspective if one had invested $100 in CHC on July 5th and cashed it out at the peak on July 13th, that initial $100 would have transformed into $1,356,000 in a little over a week!!! That is insane no matter how one looks at it. While gains like this are not to be expected and are more akin to a lottery win, if one looks a little closer at Chaincoin's recent resurgence one of the things that stands out is the fact it is a "Masternode" coin.

To give a little background, "The concept of a masternode started gaining popularity thanks to the Dash cryptocurrency. It is quite interesting to see masternodes form such an integral backbone of the network. Operators receive monetary rewards for running this node, yet they also need to provide a financial stake of their own."(https://themerkle.com/what-is-a-masternode/).

Another way one can look at them is that you stake a number of coins and run a node for that coin's blockchain to run on to increase the diversity and integrity of the network. To incentivise this, coins are paid out to the people who are running the masternodes, commonly these are minted for such payment, though there are other ways some coins extract these payments from the blockchain. The common idea here is that you provide a valuable service to/for the network, and you get paid for said service from the network. There are numerous coins that offer masternodes or other incentives for running part of the network, we will focus on masternodes in this piece.

Some of the more widely known masternode coins include Dash, Pivx, Syndicate, Chaincoin, etc though there many others. What is not widely known, at least it wasn't to me until just recently was the presale for MASS(http://mass.cloud/) that is going on right now. Basically the way I see it, MASS is similar to an ETF in the regular markets. MASS takes the Eth raised and invests in a multitude of staking coins and masternode coins which generate revenue over time with the process mentioned in the previous paragraph. This is beneficial in a couple of ways, one if you don't have enough funds to get your own masternode, it allows you to get partial revenue streams from the nodes run from MASS, also it diversifies the masternode coins so that you are better protected against huge swings in volatility that are all too common with small cap cryptos. You are in a sense investing in the idea and business model of the masternode market without having to maintain the nodes yourself yet are still able to earn revenue from the running of said masternodes.

FULL DISCLOSURE: I have personally invested in the MASS presale but I have no affiliation with them what so ever.

What are your thoughts? Is this the way of things to come, do you feel masternode coins will be on the rise? I would appreciate your comments...

Sort:  

Thanks for bring it to my attention going to research some more masternodes are very popular waves also has a masternode kind of set up

No problem, keep me posted if you find anything good, there seem to be a lot of masternode coins coming out...

Congratulations @geodesix! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of posts published
Award for the number of upvotes received

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

I believe we will enjoy and have amazing time here to collaborate and learn for other members through writing.
I will be looking up to you sharing words of knowledge and wisdom. Please stay tuned for my write-ups and please follow me @yash0108

Congratulations @geodesix! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of upvotes

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

Coin Marketplace

STEEM 0.22
TRX 0.21
JST 0.035
BTC 98789.27
ETH 3346.59
USDT 1.00
SBD 3.08