Ok folks, im gonna jump right into the thick of it. We have our #steemsilvergold Condominium (CDM) masternode. After crushing down some numbers, the plan has changed a little bit. The end goal is still the same but we are going to try and take a different path to get what we want. I assume we are all still cool with getting back lots of BTC/STEEM?
The Group Buy
Great turnout with 10 members jumping in, small enough to manage easily and big enough not be a failure :) So all in all, the community snapped up 97% of a masternode. I upped my buy to 13% from 10% to get us to the magic 50,000 CDM amount we needed to host own own masternode. Everyone involved paid very quickly through either STEEM, paypal are straight CDM transfer and i had all the coins in under 12 hours of releasing the payment post. I used cryptobridge as the exchange and as far as decentralized exchanges go, its not the worst. We are about to make some bank with this coin ,
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Small change in plan
After we had the 50,000 coin on the exchange, i opened up the CDM desktop wallet to get ready to start our masternode, while the wallet was syncing i opened a new stakinglabs account as we planned the funnel the masternode payments to stakinglabs for compounding into shared masternodes to get the best return. So the wallet was taking a while to sync and i got talking to one of the mods on the stakinglabs discord server. I was asking him if it were possible to set up a private masternode. His reply gave me a boner. He told me that there was an instant masternode ready to go and that it had been staking for 4 days already. When you start a brand new masternode, you need to wait around a 1 week before you get the first payout but this one was over half way there. I thought that i'll save me having to transfer CDM from the desktop wallet to stakinglabs every time we get a payment, plus we need to compound down hard to make sure we have the 100,000 CDM needed for when masternode conditions change on block 150k, in around 3 1/2 weeks. The charge to invest into CDM masternodes on stakinglabs is 3% so the total invested was 51,500. I borrowed the group 1500 to ensure we got the full node and i'll get it back with the first node payment, no biggie.
New Plan
- Use stakinglabs(My affiliate Link) shared masternodes to compound at every chance until we hit 100,000 coins
- Move back onto the masterplan
Here is what masternode payouts are looking like today
Keep in mind, this does not include compounding