As Distributed Ledger technology continues to amass the attention of the media and develop interest among internet users, the crypto space has continued to see positive growth in terms of solutions and functionalities of blockchain products and services.
By simple definition, Masternodes are simply full servers on a decentralized network that can be run by independently by individuals using VPS networks. Because Masternodes have enhanced capabilities that exceed just running single nodes of a network, users are able to earn passive income for running these servers by simply staking Masternode assets (coins). Users who run Masternode servers are called operators and the rewards are paid out to active operators by the network in a periodical manner.
While masternodes are highly lucrative with sufficient stake rewards, there are a few limitations to adopting and running a Masternode server. First off, running a masternode server is widely expensive to get in on. These Masternode cryptocurrencies usually require thousands of dollars to get the minimum amount of coins needed to be able to set up a Masternode server.
Secondly, while top-tiered VPS servers provide better performance ample runtime, and better services than cheaper ones, they are also really expensive to procure, and the servers require some level of technical knowledge to be able to set up and manage areas such as the wallets, updates and transactions individually.
These problems pose daunting limitations on the exploration and adoption of Masternode cryptocurrencies. However, they can be solved by utilizing Masternode managing platforms that provide services that can allow operators to participate in a masternode pool with smaller amounts of assets and also helps users do all the needed technical work. Think, Stack Of Stake!
Introducing Stack Of Stake
Stack Of Stake is an instant shared and completely automated Masternode staking service that allows its users to easily operate and manage Masternode assets in a single place.
Stack Of Stake is a part of the Scriv, - a blockchain eco-system that offers services ranging from state-of-the-art Data Verification, Time-Stamping, a Shared Masternodes Staking Service (SOS), and IPFS platform all in one.
Stack Of Stake has a unique and user-intuitive interface that is easy-to-use and comes with a lot of freemium options. Unlike most Shared Masternodes services, Stack Of State is completely secure and free from malicious loops and hacks. Also, it is user-friendly and has a teeming community of active users behind it. The State Of Stake team is made up of professional and tech-savvy individuals with years of experience in the field of digital assets, web development, cryptocurrencies and data management. Hence, at a freemium, users can be rest assured that their wallets and node are completely safe and functional at all times.
Stack Of Stakes comes with a fully automated service to manage every listed masternode with instant feedback on actions to the users. Also, the servers are always online with no downtimes, hence, allowing operators to consistently grow their stakes with every passing second.
The platform's user-onboarding process is super-fast and includes the option to sign in with your favourite social networks such as Facebook or Twitter, or simply sign up directly with your email address. Aside from that, users are able to instantly deposit masternode assets and are automatically included in the shared pool of deposited tokens without having to wait until the next masternode starts. Reinvestments of assets are done automatically as well to save time. Also, the absence of a minimum deposit amount means that operators can stake any amount of Masternode asset to the pool and start receiving returns on those assets almost instantly.
Being conscious of the safety of user funds, Stack Of Stake masternode cryptocurrencies only allow verified and credible masternode tokens to be listed on the platform. Currently, it has support for about 14 different masternode assets and currently operates over 331 active masternodes. As the platform progresses, there will be support for more assets.
Stack Of Stake does not have any deposit or withdrawal fees. Users are able to withdraw their masternode assets instantly to their private wallets, and within 15 minutes (if the said assets were currently being staked in the pool). Reward fees are as low as 8% each time.
As proof, here's a table that compares Stack Of Stake to some of the popular and most advanced shared Masternodes services that are currently available on the internet:
The Crypto Grandma Contest!
Stack Of Stake is currently running a social media contest and is offering up as much as 16,000 Scriv tokens to the winners. The platform aims to be user-friendly for every user - including non-tech-savvy individuals, and they plan to demonstrate that fact anyone can use the shared masternode service, irrespective of their age or technical experience. After all, if a grandma can demonstrate that, so can anyone else!
The Participation process is simple and is explained in 3 steps below:
- Retweet the contest announcement post, and follow Stack Of Stake on Twitter.
- Join Scriv network on Telegram at https://t.me/scriv_network
- Take a video of your grandmother, or any elderly relative demonstrating the process of joining the shared masternode service on https://stackofstake.com
Notes.
- 5 winners will be chosen for performing step 1 and 2 without making the step 3 video.
- Participants who perform the task on step 3 are to post using Youtube.com only and the video URLs should be submitted to
in the Scriv network Telegram group chat.
- Entries should be creative.
Rewards distribution:
Rewards for first place -- 5k Scriv.
Rewards for second place -- 3k Scriv.
Rewards for third place -- 2k Scriv.
For more information, Please visit the links below:
Stack Of Stake -- Website
Stack Of Stake -- Discord server
Stack Of Stake -- Telegram
Stack Of Stake -- Twitter
Stack Of Stake -- Bitcointalk ANN