Yesterday I helped a friend to setup his own GINcoin masternode.
This is what GINcoin is as taken from there website gincoin.io :
"GINcoin aims to provide cryptocurrency investors with an easy way of creating and deploying their own masternode(s) - regardless of their technical abilities. GINcoin masternodes and masternodes for other blockchains will be deployable in a couple of clicks or less. Our ultimate goal is to democratise the way masternodes are created and, as an effect, prove crypto is here to stay - by making it more user-friendly than paper money."
And it really is that easy altough my friend is really bad at tech so even some easy to do steps is hard for him..but he do has the money for it :). As you probably know (or not know) in order to own a masternode you need to hold a certain amount of coins. Dash coin was the pioneer in this field and you have to own 1000 dash in order to setup a dash masternode! quite alot aha? well if you did it when dash was 7$ back in 2016-2017 you'd be rich by now... why? becasue dash is now worth 243$ and 1200$ at its peak !! and also, by owning this masternode you would had earned 8.40% annual roi as taken from here: https://masternodes.pro/statistics.
GINcoin is a new coin which started at the end of may 2018 and is offering 160.89% annual roi ! also, in order to own this master node you need 1000 GINcoins which are only worth 8.5$ as of now. so a total of 8500$ is requierd.
In order to know if owning some kind of masternode is a good investment you need to think about the use case of the coin you are buying into. Dash for example, is well known and has mass public intentions to replace cash with digital cash in an easy to use way that even your grandmother will use (as taken from dash ads) .
Here are a list of tier1 masternodes that you can setup easily from GINcoin platform:
As taken from the website:
Coins in the first tier are projects with existing products that have a clear use case for the coin or seasoned projects with fundamental open source technology that have innovated in the crypto-space.
which brings us to GINcoin itself and its use case. This coins operates this platform and it is the base unit here. In order to setup masternodes on GINcoin platform you will need to buy and pay with GINcoin - setup and monthly maintenence fees. See the use case now? do your own due diligence and only invest what you can afford to lose.
Cryptodad