The world of cryptocurrency has been a roller coaster these last few weeks. Between the price corrections, low trading volumes and recent market cap loss, investors have been wary about their next moves.
I discovered NYXCOIN by mistake. I was just checking a mining pool early into their launch day (around block 250) and was able to mine close to 100 coins when the hashrate was still relatively low. How lucky I was as the coin started hitting multiple pools, and more miners were joining the network.
Now there is a steady support, driving the demand of the coin up tremendously.
MASTERNODES
We all know about masternodes and their utility, including privatesend for anonymous transactions, instantsend and network security.
NYXCOIN brings a fresh new approach to the masternode community.
They intend to reinforce and simplify the entire masternode process. Not just for NYXCOIN, for all coins.
Using the DASH platform, the early mining rewards are much lower, and demand is extremely high. Until block 64800 mining rewards are split 2/8 to miners/masternodes. This yields a very high ROI (currently over 3500%). The developers started with 7 masternodes and took 6 offline as the community brought theirs on. In less than a week over 40 masternodes have come online!
ROADMAP
The developers also have a very aggressive roadmap laid out, branching out into several different various endeavours in the future.
Including:
Masternode Statistical Tracking Website
Monitoring and Hosting Services
Trading Platforms
Marketplace
To be involved in so many ventures gives me assurance that the coin has a strong and devoted team behind it.
VARIABLE INVESTMENT STRATEGIES
Whether investing early or waiting for further development before diving in, there is promise of high returns in the short game and even higher returns in the long game. If NYXCOIN is successful in accomplishing their goals in the roadmap, the value could increase exponentially.
NOT JUST ANOTHER COIN
Like other coins, it has its general purposes but NYXCOIN is proposed to be used additionally as a token for listings on the Masternode Web Stats and other services.
The developers will design a platform that begins with the 3 big markets (BTC/LTC/ETH) and eventually grow so that ANY coin can be traded for NYXCOIN.
OVERALL
We’ve all seen the recent decline in masternode coin prices and the reason I am drawn to NYXCOIN is there is some security.
The ROI will remain high
The developers are committed
Short and Long Term investments are profitable
I will hopefully establish my masternode in a few more days of mining and am really excited for the future of this coin!
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