In this recent bearish market there is a glimmer of hope on the horizon and it goes by the name NYXCOIN.
Masternode coin prices have faltered recently as a widespread dump from early investors has tanked prices. I believe NYXCOIN will flourish in the future for these reasons.
Development Team
Like many coins, the dev team has chosen to remain anonymous at this time. While some say this a red flag it is fairly common in the industry. I personally would not advertise that my hard drives could potentially be worth millions of dollars until the time was right.
The development team is highly active and supportive of the community. The discord channel is busy and the devs manage to handle each persons requests and questions individually.
The main selling point of the Dev Team is their activity and knowledge levels. With a recent fork in the chain (damn nicehashers breaking things) the devs communicated through the appropiate channels very quickly. They informed the community on discord/BTT, all pool operators and exchanges that have listed the coin. They resolved the fork efficiently and released statements including what happened, how it was fixed and any steps we may need to take to resync.
I have seen several chains fork and take up to 72 hrs to resolve (some with missing transactions up to 9 days old) and the NYXCOIN team delivered better than any other team I have seen.
Mining Rewards
The recent dumps in masternode coins have given us new light on how the big investors will use these to make a quick profit, and destroy the value of the coin when they decide to dump.
NYXCOIN is built to be a long term investment. You really have to earn your first masternode as the mining rewards are extremely low.
This gives incentive to hold over dump as demand will stay high for a long time as the ROI is extremely profitable.
Community
With a rapidly growing community of over 1,000 members already on discord alone it is easy to see there is a strong demand for the coin. After hitting the exchange the price has more than doubled from initial sale. While holding high above many of the other masternode coins(even newer ones) I don't foresee a price dump like the others. The ROI screams HODL and buy support is very strong.
Future Developments
NYXCOIN has a diversified team behind it ranging from crypto developers, online marketing experts, search engine optimization (SEO) specialists, web developers and designers.
This diversity brings me a feeling of security in the team. Most dev teams are small and run into scaling issues or technical issues they don't have the manpower to handle efficiently.
The support staff works tirelessly with the community so the rest of the team can focus on their projects.
NYXCOIN has a very aggresive roadmap and opts to be the number 1 Masternode listing website in the world.
Not only will they provide statistical information, but will offer monitoring as well as hosting services in the future!
NYXCOIN will become a listing currency (similar to DOT on cryptopia etc) giving it even more stability in the future markets.
Personal Experiences
Like anything in this industry.....DYOR!
From my experiences:
NYXCOIN staff is highly active and motivated to succeed! While I have had a positive experience in my dealings with most developers, NYXCOIN staff has given me a great deal of energy and respect(and I'm basically a nobody).
The community is very active and growing rapidly!
The roadmap is aggressive and shows positive signs of growth for the future.
Thanks for taking the time to read!
Below are some links to help you do your own research!
Website: https://www.nyxcoin.org/
BitcoinTalk Forum: https://bitcointalk.org/index.php?topic=2834643.0
Discord: https://discord.gg/cDsX9Mq