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    Home » Masternoda as an alternative tool for a cryptoinvestor, principle of operation

    Masternoda as an alternative tool for a cryptoinvestor, principle of operation

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    By BlockchainJournal on June 5, 2019 News
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    Traditionally, the cryptocurrency market is characterized as high-risk, volatile, with often changing trends. This creates a high emotional threshold for entry into the market of investors in their classic sense.

    Cryptocurrency investments are the territory of professional traders and hedge fund managers, with their own rules and laws. Having decided to make money on the course speculation both in the short and long term, the private investor gets involved in the fight against a pre-losing position. To win a jackpot, beating a professional on its territory, it turns out only among incredible lucky people or people with unpredictable logic that goes beyond the thinking of the market.

    Does this mean that the most up-to-date digital investment tool was created initially for the purpose and interests of a small group of professionals and enthusiasts? Definitely not! This statement itself contradicts the spirit of the free Internet, erasing the borders between countries and people, for the sake of which the whole cryptoindustry was conceived.

    For a long time in the blockchain networks there are concepts such as PoW and PoS-mining ( Proof of Work and Proof of Stake ). A few years ago, another way to ensure the safety and reliability of the network emerged from PoS mining – the creation of Masternod. And this mechanism, in addition to solving its main task, is a tool for generating income worthy of the attention of any, even the most conservative investor.

    Masternody

    The essence of the master codes is that it is a specialized node on the blockchain network, which stores all the information about the operations, acts as a guarantor of the validity of the network, confirming instant transactions, and is involved in ensuring anonymity.

    Such a wide range of functionality obliges the master master to confirm their interest in developing the network and maintaining its efficiency. So, in the BeeNode blockchain, the confirmation condition is the reservation of 1000 coins on the masternods wallet.

    For a key role in the work of the BeeNode network, masternod owners receive a reward (reward) in the amount of 45% of the total number of coins issued in the block. Taking into account the fact that, according to the pledged algorithm, 576 blocks are issued per day, it turns out that, with the current network complexity and the release of 1 coin per block, it is from 259 coins per day, distributed daily between masternode owners.

    Financial attractiveness of investments

    The period of receipt of commission payments for masternod is not limited. As long as the mining goes on in the network and the condition of reserving 1000 coins is fulfilled, the master note will function and regularly reward the owner.

    Coins BeeNode , masternods accrued to the owner as a reward, are at his free disposal – they can be sold on the stock exchange at any time by transferring the income from the cryptnomonet to the usual currency.

    Such a digital asset brings a guaranteed profit regardless of exchange rates, unlike the usual cryptocurrency speculation, where income depends on your ability to buy and sell coins on time. Passive income in this format allows you to feel financially secure, gives you confidence.

    In terms of numbers, this information becomes even more obvious. At the current exchange rate, the cost of forming the BeeNode masternods is $ 12,000. Currently, there are 36 masternods in the network, which receive remuneration from each mined block in turn. The total daily reward per masternod starts from $ 86.

    The estimated return on capital invested in the masternod (ROI) per month is 21.5%. A rare asset can offer a similar rate of return.

    In addition, the thousand reserved coins also remain on the balance sheet of the investor and can be withdrawn at any time (with the dissolution of the master notes) if it is necessary to return their investments.

    Such a system of conditions and rewards allows Masternod to be considered as a full-fledged tool for investing in cryptocurrency. And it is incredibly simple and does not require special knowledge. By and large, MasterNod is a crypto-analog of a classic bank deposit, suitable even for the most cautious investors.

    Publication date 05/06/2019
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