Operating a full Mastenode needs full collateral of coins to start the Masternode, a Shared Masterternode is an excellent alternative of using the coins of the crowd to run a full Masternode
Shared Masternode allows a wide range of crypto coins or token holders to pool their digital coins and mutually fill the Masternode’s needed amount (collateral). After the required collateral is fulfilled, you can run the Masternode and start generating rewards for everyone who joined the Masternode.
Important Key- Status Of Shared Masternode:
Shared Masternode has four status as follow:
Collecting Collateral: in this step, allows coin holders or participants to pool their coins or tokens and jointly fill the Masternode’s required amount (collateral).
Setting up Masternode: after the entire amount is fulfilled, The specified blockchain platform will allow doing Masternode setting.
Registration on Blockchain: registering the Masternode on the immutable blockchain network.
Making Rewards: the Masternode is functioning and ready to making rewards for everyone who joined Masternode.
Advantages of Shared Masternode:
• Crypto community users and investors with coins less than the full collateral can also join in powering the blockchain network.
• Someone with full collateral that does not need to risk their whole amount can choose to power a shared Masternode to reduce their risk.
• A Standing out advantage of a shared Masternode is that you still own your tokens and can withdraw them at will.
• A fee is distributed to the shareholder that can be re-used in powering the network, can be moved to a personal wallet, and can be exchanged with any other cryptocurrency or fiat currency.
With help of shared Masternode platform, you can call investors around the world, they can participate in shared Masternodes platforms, so this is the best solution for your community users & investors who are not ready yet to fully commit their investment in a full Masternode. The next level is owning a full Masternode. Most of the crypto users are choosing this option because they don’t want to think about the complicated setup and maintenance of Masternodes.
Want to build your own Masternode cryptocurrency? Or want to launch your own shared Masternodes platform? Or looking for the best Shared Masternode Script Software? Then you are in the right place!
Developcoins — Shared Masternode Software Development Company
As a leading cryptocurrency development company, Developcoins provides end-to-end Masternode cryptocurrency development services and solutions based on our client’s requirements. Not only for cryptocurrency development, but we also offer a wide range of cryptocurrency and blockchain software development solutions especially for shared Masternode software development.
We are a One-stop-shop to build your customized white label Shared Masternode software to developing Shared Masternode platform that makes a new way to earn more cryptocurrencies with greater security & value for your entire crypto community.
Get 100% white-label Shared Masternode Software to start your Shared Masternode Platform? Consult with our experts and get the best solutions for shared masternode platform development.