Picture source www.cryptoeconomy.com
What Masternode Coin is the next Dash?
Apollon Masternode Coin
Apollon Coin
In this article we will discuss the Apollon masternode coin, a unique coin project, whose use case is that they have created a masternode service for people seeking the passive investment advantages of cryptocurrency masternode coins who don’t have the expertise to run setup and run the masternode themselves. The Apollon team has created a masternode service which is different from over 95% of the other masternode service providers in existence. Before we get into the specifics of the Apollon masternode coin I would like to discus masternodes in general and of course a brief mention of the most famous masternode coin of all Dash.
What is a Masternode
A masternode is an always on server which secures the network by staking a significant number of coins as collateral to participate in the consensus protocol for a decentralized network. The coins are "locked up" in the network and while functioning as a masternode the coins can't be moved. Keep in mind that no one is required to function as a masternode any longer than they desire to. The rewards(ROI) allocated to masternodes are normally significantly higher than staking only but this varies by each cryptocurrency. To run a masternode you are normally required to run a high uptime server(VPS), masternode wallet program on the server and lock up exactly the required collateral amount (e.g. DASH is 1000 Dash coins).
What is Utility?
There are many cryptocurrencies that exist purely to be a coin that has masternodes and offer no purpose or utility beyond that. Please be very weary of these coins as they may be just another Masternode coin looking to ride the popularity wave of Masternode coins. Utility is the value the coin adds to the cryptocurrency space. The utility should aim to address a fundamental business problem or opportunity. This could be outside of cryptocurrencies or solve problems within crypto business operations today. The general rule of advice is that if you would not invest in a cryptocurrency without a masternode or staking option because it has no utility, then don't invest into a Masternode coin without utility either.
Apollon Masternode Coin
As I mentioned above, the Apollon masternode coin, is a unique coin project, because it brings value to the cryptocurrency space in the form of utility. The developers of this coin have created a service for people seeking the passive investment advantages of cryptocurrency masternode coins who don’t have the expertise to run setup and run the masternode themselves. They have created a graphic user interface or “GUI” which makes setting up a Masternode as easy as buying books on Amazon.com. Their goal was to create a tool which would allow the masses to setup and own Masternodes. Their slogan is “masternodes for the masses”.
In addition, to this special use case this coin platform provides two important coin security differences for coin owners, which are not normally provided by masternode service providers. The two differences are it’s a “trust-less” masternode service and your coins are in a “cold wallet.” Now first, when I say this coin is the “trust-less”variety, I mean no one gets your private keys to your coins and you don’t send your coins to anyone, so they are always in your possession. This is the opposite of a “trusted” masternode service, where you actually send your coins to the masternode service provider and trust them with your coins.
Second, when you use this masternode platform your coins are held in a “Cold wallet,” which means the wallet is on your home computer, as are your coins, versus a “Hot wallet” where your coins are held in a wallet online at a website, and the website could be hacked and your coins stolen. Remember the high profile hacks and thefts of those online exchanges? Those were “hot wallets”, and vulnerable to theft. Please note that Apollon’s competitors for the most part are “trusted” masternode services with “hot wallets.”
Now I would like to talk more about the Apollon platform use case. They have created a graphic user interface called “Nodebuilder”, a unique webpage-based graphic interface platform that will simplify the whole set-up, running and monitoring of any masternode that is hosted on the service. This software called “Nodebuilder” makes setting a masternode as easy as buying a book from Amazon. Anyone who has built a masternode knows it is a difficult process, which takes 6-8 hours to do. But with the Apollon Nodebuilder you have “The five minute Masternode”. A catchy and marketable phrase. Nodebuilder will run on any home computer and using this software you can launch a new masternode within minutes.
Nodebuilder is so easy to use, memes with the theme where do you build your Masternodes started appearing, as people built Masternode at the beach, on planes, in the woods etc
It was a humorous time period.
Building Masternode on a plane.
Building it at the pool.
Building it on a mountaintop?
But humor aside, there is a third very important reason Apollon May be the next big thing. The second part of its Utility or Use case.
In addition to the large market represented by cryptocurrency investors who want passive income from Masternode coins their is a second large market. There are over 2000 masternode coins in existence. Their development teams are working hard on their coin projects, but they must constantly deal with coin buyers who can’t get their Masternodes to work. So they lose valuable coin development time assisting their customers. Now enter Apollon Nodebuilder, which specializes in providing easy access to Masternodes and service to Masternode coin holders. Apollon is no longer seen as purely a competitor, now they are a masternode coin developer service provider also. Apollon helps other coin developers by helping their coin-holders keep their Masternodes running, so the coin developers don’t have to spend their time on support of their Masternodes. Now the other masternode coin project software developers can spend their time on development! This is a win-win for Apollon, the masternode coin buyers and the masternode coin sellers.
This proof that this idea is appealing is that in two months since launching Nodebuilder 61 Masternode coins have been listed on the application.
This is the use case for Apollon which may make it the Dash coin of the future. Apollon stands out in a sea of masternode coins as this platform allows novices to invest in masternodes, it allows other masternode coin developers to focus on their coin projects by outsourcing Masternode customer support to Apollon and it is a Masternode coin with a good ROI and a good future. There are currently 61 masternode coins on the platform. You can learn more from the coin website and a video tutorial is below. There are several other reasons this coin project is amazing, ground breaking and very far ahead of its competition. Let’s look at those now.
Transparency
In the world of cryptocurrency secrecy seems to be the norm rather then the exception. Coin developers are only known by aliases and having the phone number of your projects CEO is viewed as an impossible dream. But Apollon is the exception. Apollon coin holders not only know all the management team by name, they have their pictures, the team puts out weekly video updates and has quarterly conferences to summarize both problems and progress towards the project goals. The company is public, incorporated, has offices and is registered with the government in the country of incorporation. This is called transparency and in the cloak and dagger crypto world it is “amazing”.
The coin holders know their coin project Management Team!
Chad Sichello, CEO
Chad is an experienced global business builder with successful companies in both Fintech and Building Supplies.
Markus Dietrich, MSc, CTO
Markus is an experienced blockchain developer having worked on everything from core blockchain development to coin exchanges.
Adrian Redman, PMP, VP Projects
Adrian is from a project management and a large tech infrastructure projects background.
Schedule availability of the Management Team on their Discord Channel
Yes the management and support team publish a schedule of when each will be available on the Apollon Discord channel. Because this is a business.
Scheduled Weekly Briefings by the CEO
Apollon CEO Chad Sichello does ten minute weekly briefings on the project.
You are surprised? This team believes in communication.
Very Large Number of Existing Masternode
Apollon hit the magic 1000 operating Masternode Barrier and is consistently in the top ten Masternodes by number on www.masternodes.com
The actual current number of active Apollon Masternodes online is 3,023
*3rd Party source https://masternodes.online/
Customer Service
Apollon has its own webpage base customer service portal where you place tickets and helpful people get back to you and Solve your problems. After all, this is a business and your a customer!
I think this is a fantastically interesting coin project with all the right stuff for success. While only time can tell, and certainly you should do your own due diligence by researching the coin starting with the resources below. I think this one’s in the running to be the next Big Coin.
Video Tutorial Nodebuilder
Suggested Reading of third party articles & interviews
https://twitter.com/briandcolwell/status/1045405241594662912?s=21
- briandcolwell
References:
- Apollon coin website https://apollon.one/
- https://cryptoshib.com/apollon/
- https://masternodes.pro/stats/xap/statistics
https://twitter.com/masternode_buzz/status/1047855665924984832?s=21
- masternode_buzz
2. https://t.co/WKQY52gcQThttps://twitter.com/briandcolwell/status/1045405241594662912?s=21
- briandcolwellis mufasa#1158 on discord.
Credits
Photos are from Apollon website, from royalty free photo websites or are memes belonging to public domain.
Information in this article is from the sources listed above.
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