Rapture Masternodes are currently collecting 50% of rewards but after block 29,000 they will be receiving 79%!!!! That's about a week from now!
This brings the ROI from the current 52 days down to an astonishing 29 days! There are currently 252 Masternodes on the network which means the ROI will stay high for quite some time!
After putting some thought into it I can see the all around benefits of this change.
CURRENT MASTERNODE STATS
Like everything in crypto let's start with miners. While at first glance this seems like it's a detrimental change to miners, lets consider the consequences.
The main reason the developer had for changing the reward scale was to address an issue with an autoswap/autosell pool that was pumping the blockchain when it was profitable and dumping a massive amount of coins(5000~) on buy orders every day using a bot. This lead to dramatic price drops and inaccurate valuations. This problem was finally resolved with the pool owner removing the coin at the developers request. Even still the developers are extremely diligent and are making changes to ensure the future safety of their investors from centralized profit machines.
57% less coins will be available to miners. With these coins being awarded to Masternodes instead this will increase the demand to buy and hold the coins quite substantially. Since the developer has announced the change the price on SouthXchange has climbed 24%! This is a decent leap in 24 hours and shows the future potential growth of the market price.
So while less coins are available to miners, their increased value will help compensate the difference!
Retroactively the increased prices should lead to a higher consistent hashrate making it harder to pump the blockchain for unfair profits.
The developers have committed to these changes to improve the following areas:
~Decrease in the amount being dumped on buy orders
~Increase in the amount of Masternode Rewards being held
~Increased network strength
~Increased buy volume
~Increased buy support
~The increased masternode rewards are also more in line with the strong community focus. Masternode operators are vested in the project and it's a way of strengthening their vesting in the project
~This also means that charity nodes will receive higher rewards as well, and I love the idea of the additional benefit to charities!
Overall it looks like a good balance and I'm excited to see how it works out.
For a closer look at the project and dev team I highly recommend joining their community on discord. They are extremely active and constantly pushing new updates!
Discord: https://discord.gg/A7hGkMu
Website: http://our-rapture.com/
Reddit: https://www.reddit.com/r/Our_Rapture/