With the ever rising popularity of Masternodes, for most, owning a profitable Masternode can seem out of reach.
With Masternodes varying in price such as GINCoin (GIN) @ $4,192 or LightPayCoin @ $4,538.. I thought to myself, how am I ever going to get myself on the 'Masternode ladder', so to speak.
Being a Dad, having to pay my Mortgage and household bills I'm not left with much in terms of disposable income. I started browsing Google, spoke to a few friends who had been in Crypto longer then I had and stumbled across 'Simple Pos Pool'.
So what is SPP you ask? Well, this is where it gets very interesting. For those, such as myself, who are looking to own a Masternode but simply do not have the capital to purchase one whole, SPP has stepped in and offered a service whereby you own a certain percentage (%) of a Masternode. Now I have your attention.
When first hearing of Simple Pos Pool I just about had enough funds to acquire a 50% ownership of an LightPayCoin (LPC) Masternode, 500 LPC coins acquired. By owning a 50% share of a LPC node I am therefore entitled to 50% of the Masternode rewards.
What does this mean? Well let's take the below as an example.
You have 50% ownership of a LightPayCoin Masternode - Currently LPC nodes are rewarding around 20 LPC, per day. That means you will receive 50% of the total rewards i.e. 10 LPC/day for owning a 50% share. LPC is currently trading at a price of $4.50, if we times this by the amount of LPC you received for that day (10) you've earned yourself $45. Not bad huh?
So now how can we own our very OWN node? One simple, but often misunderstood word, COMPOUNDING.
By taking the LPC you owned for that day (10 LPC) you are able to purchase MORE positions in Shared LPC Masternodes. A 10 LPC seat will grant you 1% increase in your total ownership. If you kept taking the DAILY LPC rewards you have earned and using it to increase your position you will have your own LightPayCoin Masternode before you know it. It's that simple.
It's very easy to get started. Simply register, login and deposit some coins for your chosen shared node then click on 'participate', selecting your desired percentage ownership.
Masternodes are a great source of income and I am now actually earning more via Simple POS Pool than I am my day-to-day job, which is great!
I'll be looking to share more tutorials in the future regarding Masternodes to be sure to keep a lookout.
If you enjoyed reading this post and are keen to learn more regarding 'Simple Pos Pool' - Please use my referral link below, I'd really appreciate it.
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Non-Referral Link: http://simplepospool.com/
*Disclaimer: I am not a broker, analyst, investment advisor or anything of that sort. I do not accept any liability for any loss or damage whatsoever caused in reliance upon such information or services. Please be aware of the risks involved with any trading done in any financial market. Do not trade with money that you cannot afford to lose. When in doubt, you should consult a qualified financial advisor before making any investment decisions.*