We live in a crypto world that changes with amazing speed. And suppose that within those exorbitant profits, we feel generous and want to give some of those to a charity project. Many things can happen along the way: That a sudden breach in the market, or a bad trade, erases that surplus, and of course, takes away what we had planned to donate at the time. Or, it can happen that the intermediary that receives the funds of the donations, for embezzlement of funds, does not send them to their final destination. The Zest project has a solution to assign a 5% percentage of the block reward allocation to various non-profit aid projects. The benefit of the blockchain would minimize the number of intermediaries in the transfer of these funds so that they are more likely to reach where they belong. Also, the sustainability of a voluntary aid can historically start with a lot of goodness and energy, but then calmness can come after passing time, and with that, the amount of money that they raise is going down. Therefore, a FIXED percentage of the total operations from the funds donated, ensures a long-term continuity of those cases approved by the Zest foundation.
Through the voting, Mastenode owners will have the power to participate in the proposals and decisions regarding the destination of the funds to be donated. Periodically, these proposals will be evaluated and, if approved, they will be placed in the respective category in which the team has divided the intention to direct its assistance. These sectors include: The Club Zest, The Rapid Relief Pool, The Scholars Pool, The Accelerated Athletic Pool, The Prosperity Pool.
2500 coins are required to make the necessary collateral for a Masternode. The team has made a very dedicated study proposing an adequate ROI, basing its analysis among the most successful Masternodes and taking as a counterexample the most unsuccessful ones, concluding that a high ROI can in principle seem very attractive due to the performance in the number of coins allocated as rewards, but this measure inevitably leads to an unbalanced increase in the coin supply and drastically reduces the value of the currency, causing a massive dumps by the investors. And in order to achieve one of the main objectives they set as the principals, the "Self-sustaining Ecosystem", the team established an ROI of approximately 200% every 170 days (calculations for the moment of making this video).
The considerations derived from this article are the result of my particular research and do not pretend to be a financial advisor. Please, do your own research and feel free to elaborate your own opinion about it.
Discord: https://discord.gg/Ks8yzxF
Twitter: https://twitter.com/zestcoin
Wallet: Github: https://github.com/ZestFoundation/ZestCoin/releases
Whitepaper: https://www.zestcoin.io/assets/Uploads/3725dcfce6/Zest-White-Paper.pdf
Author's Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2173406
Congratulations @kobever! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit