Rapture Masternodes to receive MASSIVE bonus in earnings!

in bitcoin •  7 years ago  (edited)

Rapture Masternodes are currently collecting 50% of rewards but after block 29,000 they will be receiving 79%!!!! That's about a week from now!

This brings the ROI from the current 52 days down to an astonishing 29 days! There are currently 252 Masternodes on the network which means the ROI will stay high for quite some time!

After putting some thought into it I can see the all around benefits of this change.


CURRENT MASTERNODE STATS

Like everything in crypto let's start with miners. While at first glance this seems like it's a detrimental change to miners, lets consider the consequences.

The main reason the developer had for changing the reward scale was to address an issue with an autoswap/autosell pool that was pumping the blockchain when it was profitable and dumping a massive amount of coins(5000~) on buy orders every day using a bot. This lead to dramatic price drops and inaccurate valuations. This problem was finally resolved with the pool owner removing the coin at the developers request. Even still the developers are extremely diligent and are making changes to ensure the future safety of their investors from centralized profit machines.

57% less coins will be available to miners. With these coins being awarded to Masternodes instead this will increase the demand to buy and hold the coins quite substantially. Since the developer has announced the change the price on SouthXchange has climbed 24%! This is a decent leap in 24 hours and shows the future potential growth of the market price.

So while less coins are available to miners, their increased value will help compensate the difference!
Retroactively the increased prices should lead to a higher consistent hashrate making it harder to pump the blockchain for unfair profits.

The developers have committed to these changes to improve the following areas:

~Decrease in the amount being dumped on buy orders
~Increase in the amount of Masternode Rewards being held
~Increased network strength
~Increased buy volume
~Increased buy support
~The increased masternode rewards are also more in line with the strong community focus. Masternode operators are vested in the project and it's a way of strengthening their vesting in the project
~This also means that charity nodes will receive higher rewards as well, and I love the idea of the additional benefit to charities!

Overall it looks like a good balance and I'm excited to see how it works out.

For a closer look at the project and dev team I highly recommend joining their community on discord. They are extremely active and constantly pushing new updates!

Discord: https://discord.gg/A7hGkMu
Website: http://our-rapture.com/
Reddit: https://www.reddit.com/r/Our_Rapture/

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Resteemed by @resteembot! Good Luck!
Curious? Read @resteembot's introduction post
Check out the great posts I already resteemed.

ResteemBot's Maker is Looking for Work.

You were lucky! Your post was selected for an upvote!
Read about that initiative
logo

You have been resteemed by @resteemy, courtesy of @secsi!
Want to increase your following? Read more about me here

New_Intro.gif

This post is Powered by @superbot all the way from Planet Super Earth.

Follow @superbot First and then Transfer 0.100 STEEM/STEEM DOLLAR to @superbot & the URL in the
memo that you want Resteemed + get Upvoted & Followed By @superbot and 1 Partner Account.

Your post will Appear in the feed of 1100+ Followers :)

So don't waste any time ! Get More Followers and gain more Visibility With @superbot

#Note - Please don't send amount less than 0.100 Steem/Steem Dollar ,Also a post can only be resteemed once.

Thank you for using @superbot

If you would like to support this bot , Please don't forget to upvote this post :)
Stay Super !

New_Intro2.gif