ter" align="LEFT">Bulwark
Second coin in my mini-series about PoS/MN coins will be Bulwark as an example for a PoS/MN Coin with moderate to high inflation.
Bulwark is a privacy-focussed Cryptocurrencie that forked of PIVX (yeah, I'm talking about PIVX and a PIVX fork? Damn Kek, calm down).
BWK by far isn't as established as PIVX and also only exists since December 1st 2017 (in comparison, PIVX was launched January 29th 2016).
ter" align="LEFT">Few stats about Bulwark
A common thing in younger projects is a higher percentual inflation, since the chain isn't as old and coindistribution in the beginning makes for a high percentual inflation.
1 year after launch, the supply for Bulwark will be 14505225 BWK, so the coincreation is substantially higher in comparison to PIVX.
This high early coincreation will be countered by blockrewardreductions in the comming years though.
After the switch from PoW to PoS, there will be two blockrewardreductions in the first year, and for the consecutive years to come, the blockreward will be reduced every 86399 blocks, making an early investment more interesting when it comes to ROI on staking/noding BWK.
Although in their whitepaper it's still written that they will implement the Seesaw reward mechanism, this isn't the case anymore, atleast not for the very moment.
Because of stability issues, they changed the rewarddistribution, so that 65% of the Blockreward goes to the Masternodes, and 35% to the stakingnodes.
Due to this distribution, the majority of the coins are locked in masternodes, around 60% of the supply is actually locked in Masternodes on BWK at this moment.
This number isn't completely random and it probably won't drastically increase or decrease in the future.
The number of coins locked in masternodes will probably always pivot/be close to 65%, atleast until/or if the rewarddistribution gets changed.
Since 65% of the rewards go to the masternodes, the remaining 35% of the rewards which go to the stakingnodes are split-up between the rest of the active wallets, making the overall payouts for masternodes and stakers more or less even (give or take).
At the moment, the ROI for BWK masternodes is around 145%, which means that you can ROI your collateral of 5000 $BWK in about 250 days (give or take).
Of course this ROI will go down because of the reduction in rewards starting on Block 259201, but it's still fairly high and makes for a decent ROI if Bulwark holds its price as well as it did the last months, or even goes back/or close to the old prices we saw in January/February.
Few additional stats at the moment of writing this article:
Marketcap: 10.050.413$
Total supply: 10.169.020 BWK (thereof 9.849.966 BWK circulating and a Premine of 489720 BWK)
Of course these stats will change over time, if you ever want to check them yourself, click here for their masternodes.online and here for their coinmarketcap.com
ter" align="LEFT">Secure Home Node
One item that Bulwark released which is exciting in my opinion is their secure home node.
The bulwark team themselve sell secure home nodes from their website so you can set-up your masternode at home, securely, with a raspberry Pi 3B, routing trafic over The Onion Router (TOR), which makes noding more secure for the operator.
They have two video tutorials so everyone who buys a secure home node can just follow the instructions and start noding in no time.
Want to know more about the Secure Home Node? Just click here and you'll find all the information you'll need.
ter" align="LEFT">Summary
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High inflation, but not hyperinflation
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Active dev team, huge community for such a lowcap
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Secure homenodes from BWK themselves
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Less expensive masternode (5000 BWK = 5100$ at the time of writing this review)
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Not as established, PIVX fork (yes, that's a negative point for a lot of people, although I feel like if they differentiate from PIVX that's no problem with me)
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Less known, still +/- early stage
- Their own secure home node
Even if you still have questions later, just ask a teammember or one of the helpers, they respond fairly quickly.
ter" align="LEFT">Personal opinion
I like Bulwark. I have some Bulwark myself and I'm pretty happy with the project itself, wallet runs smooth, the devs are very active, the chart looks absolutely delicious and it's been holding its price very well for the last 5 months, where most other coins took huge hits.
I interpret this that the majority of the community is accumulating and holding their BWK Node/Staking rewards, and the sellers are immediately greeted by happy buyers, even during the correction we've seen the last months in Crypto.
The ROI on Bulwark is fairly attractive at the moment but you don't run the risk of getting absolutely dumped on by hyperinflation. Blockrewards are decent, but not too high.
As we see on the chart, BWK has been pretty stable (relative to the rest of Crypto) since march, and I don't expect it to drop below 9500 Sats in the future (I can't tell the future though sadly).
The potential gains on BWK can be very high, but it also has downsides, since the project hasn't really established itself as a top project in the cryptospace yet.
For a project with such a small marketcap (atleast relatively low) I feel like Bulwark has some room to grow for sure.
ter" align="LEFT">Sources and important links
https://masternodes.online/currencies/BWK/
https://coinmarketcap.com/currencies/bulwark/
https://bulwarkcrypto.com/roadmap/
https://bitcointalk.org/index.php?topic=2499481.0
https://bulwarkcrypto.com/secure-home-node/
Posted from my blog with SteemPress : https://whalereports.com/pos-mn-mini-series-part-3-bulwark/