Since late 2017, several crypto specialists have been saying that
masternode coins “will be huge in the upcoming years”.
After only five months into 2018, we can already see they’re right,
masternodes are becoming the new mining.
It makes sense if you think about it.
MANO - The Masternode Foundation https://manocoin.org/
<MANO’S CORE MISSION>
!!! PROBLEM: Different PoSe coins have different technical requirements to run their masternodes and, let’s be honest, most investors don’t want to learn complicated linux commandsor have time to deal with Ubuntu VPS’ security updates.
!!! DECISION: The Masternode Foundation’s project will break technical barriers holding back investors from adding these passive income generating assets to their portfolios.
MASTERNODE
Also known as bonded validator systems, masternode is a series of servers that underpin a blockchain’s network. Masternode is responsible for enabling specific services that miners under proof of work cannot accomplish.
Simply put, a masternode is a server on a decentralized network. It is utilized to complete unique functions in ways ordinary nodes can’t. It can be used for features like direct send / instant transactions or private transactions. It is also a cryptocurrency full node or computer wallet that keeps the full copy of the blockchain in real-time, just like your have Bitcoin full nodes and is always up & running.
Much like proof of stake, masternodes rely on staking a certain amount of a given currency within the currency’s network. To establish a masternode, you’d first need to buy a substantial amount of the currency in question. A masternode for Dash, for example, requires 1,000 DASH, so you’d need to drop a cool $311,000—that’s enough for three big houses in Indonesia. ☺️☺️
With that being said, running a masternode is PoS-like, in the sense that you generate passive income through a masternode just by holding your coins, similar to how stakers earn in PoS systems. So it’s something to consider: you can make passive income with a masternode just like you could through a PoS cryptocurrency, but you don’t need PoS cryptos specifically to run masternodes.
A masternode is a full node or a cryptocurrency wallet that is fully synced on the blockchain of whatever coin you choose with MN function availability and is always running 24/7.
Masternodes are considerably different in their functionality than normal nodes in a few ways. They are different because they perform several other functions apart from just keeping the full blockchain and relaying blocks/transactions as a full node does in Bitcoin/Litecoin.
Some of the special functions that these nodes perform are:
Increasing privacy of transactions
Doing instant transactions
Participating in governance and voting
Enable budgeting and treasury system in cryptos
Masternodes are very useful for crypto investors because of running a masternode you are incentivized. Consider it just like earning a monthly or weekly interest on your crypto holdings.
Different cryptocurrencies have different incentive models through which an MN operator can earn a decently monthly or weekly income. I call it smart passive income.
If you are invested in a cryptocurrency that allows you to run a masternode, you should definitely explore that option of earning.
Another thing to understand here is that you should choose the right currency for investment if you are solely investing for running a masternode. You should compare the percentage yield against the investment. In short, you should smartly calculate your ROI.
As of now, there are numerous cryptocurrencies out there in the market that allow you to run a masternode but not all of them are worth running because of meager incentives they provide.
###HOW MUCH MONEY CAN MASTERNODE EARN?
Well, that depends on a few factors:
What coin you select
How that coin facilitates masternodes
How much your selected coin appreciates in value in the coming years
So there’s no one-size-fits-all answer, as every project will work differently. Some will be more profitable than others, some less so. But regarding the third point above, everyone running masternodes will be sitting pretty if the entire cryptocurrency market continues to surge up in unison.
If all coins are worth significantly more in ten years than they are now, then running masternodes will end up being very profitable for everyone who took the leap with one pretty much regardless of which crypto you chose. Though, as always, nothing is guaranteed in life, no matter how obvious it seems that the crypto economy has heaps and bounds to grow from here.
But, in getting into the nitty gritty, masternode operators typically win anywhere between five percent and 20 percent of a given block reward, depending on which cryptocurrency is being supported. These rewards help offset the costs of running masternodes in the first place, while also inspiring the creation of further masternodes.
The bottom line? A masternode is sort of like next-level holding. You have to “hodl” a large amount, but in doing so according to the specialized process, you’ll earn constant block reward payouts. And these payouts could be a trove in a decade if prices continue trending upward in the long-term.
###THE MASTERNODE FOUNDATION
If you want to run your own masternode, you’ll need to start getting some familiarity with Linux command line. Alternatively, if you’re happy to pay for the services of experts, you can always find a reliable third-party server provider and hire their services.
Depending on which company you go to and what package you choose, your server hosting costs should be somewhere into the dozens of dollars.
You’ll need to do some research and see what route or what package is right for you, but rest assured you have multiple options. Whittle down your choices to the providers that seem most reputable and worthy of their price.
In fact, 98.5% of crypto investors have no idea how to setup, maintain and run a masternode. Different coins have different technical requirements to run their masternodes and, let’s be honest, most investors don’t want to learn complicated linux commands or how have time to deal with Ubuntu VPS' security updates.
This is where the Masternode Foundation comes into play. The respective foundation is supposedly a project that was created with the intentions of breaking down the barriers that have prevent investors from diversifying their portfolios with masternodes.
The launch of MANO, was intentional, as it was made in place for owners to collect their rewards in an efficient and immediate manner. In addition, the masternode coin can also be used for any services provided by the Masternode Foundation.
MANO is also a mineable coin. The company chose an energy efficient PoW algorithm (Lyra2z) that is mineable on Nvidia ( CCMiner ), AMD ( SGMiner ) and CPU ( CPUMiner ).
Unfortunately, they still have not decided on where will The Masternode Foundation be incorporated.
###THE MASTERNODE FOUNDATION SERVICES
Here are the Masternode Foundation’s three most important services that are likely to increase confidence in users looking into masternodes altogether:
###MANO Host
The MANO Host was designed to eliminate difficulty for masternode investors. One no longer needs to worry about linux commands nor need prior knowledge. Launching a full masternode is apparently as simple as a single click.
Automated Shared Masternode Service
The Automated Shared Masternode Service can potentially combine any “coin shared masternodes automatically” without any wait time attached. The platform has been evidently generated in a way that has vacant spaces for new shares as well. This will induce immediate earnings at a low cost of as little as a 2% fee.
Node Monitor Companion Mobile App
Keep track of all your Masternode statuses, make sure your investment is constantly generating passive income. Our mobile Apps will let you know as soon as anything changes on your masternode.
Masternode Rankings
Finally, the Masternode Rankings will provide investors with a better idea as to which ones are worth looking into. In particular, its “Node Monitor” will provide the necessary data via email, text and push alerts to ensure that investors are made aware of any problems that might have occurred to their assets. As per the given data, the Node Monitor is both Android and iOS compatible.
Masternode Investment Fund
Masternode-backed fund chosen by the MANO Decentralized Governance generating extra income for Masternode holders.
###MANO Exchange
A masternode coin exclusive exchange where masternode owners can receive their rewards directly and trade them automatically if they choose to do so.
MANO TEAM
The company website does not reveal the team member or the advisers yet. It is stated only that most of MANO's core team is originally from Canada, the United States, Spain and Uruguay. Stated also that some of the team are expats and some prefer not to reveal that information yet. The company promises that the team identities will be revealed as soon as The Masternode Foundation is incorporated.
MANO claimed that their team member is a selected group of engineers and developers who, among them, have over 15 years experience in the IT Infrastructure business, more than 7 years of web backend / frontend development experience and 4 years of crypto development experience.
To learn more about the Masternode Foundation and MANO coin, check out the company site at: https://manocoin.org.