What is happening

So we bought a total of 50,000 CDM which is just enough the get a masternode. We had planned to host our own node through a desktop wallet and pay for a VPS but we have ended up using StakingLabs(My affiliate link) as we have the option to reinvest our nodes payouts into other shared CDM masternodes. Being able to do this means we are compounding at a much faster pace and this should show great results going forward. The coin itself is sitting at around 50% lower than we paid for it but we all know crypto have been getting their shit kicked in the past few weeks so no need to explain anything there. Here's a screenshot of were it is at today.

The blue line shows the huge jump in marketcap value. There was not a huge jump in the price, it shows that they have added a marketcap figure into the stats for this coins. The only stat shown before this blue line was daily volume. Since updating and adding the coins total market, they have been re-ranked into 752th place which a tiny total marketcap of 1.5 million and daily volume of 15k. If anything, we are getting in early.

What have we been getting paid?

So far so good. I invested a complete total of 50,000 CDM coins with StakingLabs after speaking to an admin on discord who set us up our own private node. Today we have just over 73,000 CDM which is an increase of 46% in coins. You also see that the payouts are around about every 2 days but as we reinvest our payouts in other shared nodes, these will even out with time and payouts should become more consistent.

With the drop in the dollar value of the CDM coin, we can see the reflection in it's masternode payouts. For masternode that is worth $200, the payouts are still very. These figures are very dependent on the coins dollar value and we should remember we plan to cashout into BTC to buy STEEM so these figures should be used as ballpark figures.

Here are same of the other stats connected to this masternodes. I am seeing that the avg payouts have changed and they are now every 3 days and 9 hours. When i began with CDM, there were under 2000 masternodes and we can see there are 4,924 so it is understandable we receive a smaller piece of a bigger pie.

We are on our way to hitting the 100,000 CDM required when the amount of coins need for a masternode change's on block 150,000. We will stick to the plan and reinvest what we can, stack hard and high until block 450,000, sell up and convert all in Steem and split it up like this.

I remember life before masternodes, its was a simple time and everything was easy. It was a little boring for me, so we went masternodes and never looked back.



Its great when we all agree and work as a team

Proud member of #steemsilvergold