Hi investors, today we're talking about how to make real money in 2018 by investing in masternode coins.
So we'll start by explaining the concept of masternodes (I) before looking at how you can invest in them (II) and finally I'll give you my masternode investment pick of the month: SUCRE(III).
I - What masternodes are.
DASH was the first currency to introduce the system of masternodes. The dash website defines masternodes a:
" [...]computers that run a (dash) wallet and make decisions, such as locking transactions with InstantSend, coordinate mixing of coins, and voting on budget funding. Each masternode [also] has 1 vote and this vote can be used on budget proposals or important decisions that affect (Dash). Masternodes are required to have (1000 Dash) collateral, a dedicated IP address, and be able to run 24 hours a day without a more than a 1 hr connection loss."
Now, it must be noted that masternodes cost money and effort to host so they are paid a share of the block reward to incentivize them.
For expample DASH Masternodes get paid 45% of the block reward on every block, which is distributed to masternodes one at a time. Typically, around 2 dash is paid to each masternode every 7 days. Masternodes are also given voting rights on proposals.
Now, if you were lucky/smart enough to invest in a DASH masternode early this year (which would have cost you about $10,000), your masternode would be now worth:
...over a million dollar and generate passive income equivalent to:
..thank you very much.
Masternodes are amazing investment indeed and provide strong incentives for investors to hold and to promote the network they help secure.
Now it must be noted that Dash is not the only masternode coin out there so, if you miss that boat, despair not because you can easily get yourself a cheap masternode if you know where to look.
II- How to invest in Masternodes.
Most masternodes coins aren't listed on large exchanges like Bitfinex, Binance or Bittrex and will require you to go crypto-hunt onto smaller exchanges (where the smart money shops for new coins) like Cryptopia, Coinsmarkets or NovaExchange.
A good place to start is MasterNodes.online, where most masternodes coins are listed.
There you can rank coins by order of price (Min worth column) to choose a master node that fits your budget. The next step is to do all the normal due diligence you would do before investing in a project:
- the project should have a webiste, twitter and an active Discord /Slack where developers are often online and responsive;
- ideally the project should also have a Github page where you can follow its development;
If the project check these boxes then you can go ahead and buy yourself enough coins for a masternode and start setting up your very own crypto passive-income. However, be aware that most cheap masternodes are bought up fairly rapidly after being listed on MasterNodes.online so don't wait too long before you buy.
III- SUCRE masternodes.
That takes me to my latest investment: "SUCRE".
SUCRE is a DASH clone masternode coin which aims at becoming the major crypto player in South America. The project is very young and quite similar to DASH in terms of specs, rewards and distribution (smaller instamine though).
The risk-reward on this investment is extremely high. The project is only a month old so a SUCRE masternode will only cost you around $200 at the time of writing. Besides, there is real potential for a "latin" DASH, South American countries have a long history of economic instability and hyperinflation so the proposition of a decentralized, anonymous and inflation-resistant crypto cash just makes perfect sense.
For more on the project you can check their website here and join their Discord channel here.
Finally, you can buy yourself some SUCRE (SURC) on this exchange (thin order book so manage your position size accordingly).
Cheers and Happy New Year 2018