Let's start by answering a question. What are masternodes?
Basically #masternodes are servers that are on a decentralized network of whichever currency you have. What they tend to be utilized for nowadays are for their features like Instant send and Private send.
A common example would be Dash. Speaking of Dash. Many people think masternodes are expensive which is not the case at all but many people are most familiar with the Dash network.
The current price to own one of their masternodes is roughly $241,00 at the time of this article. If you had that kind of money to buy a masternode would it be Dash?
Let's look at a little information from the site Masternodes.online to do some further research.
What I would like you to pay attention to here is price to buy, current #ROI and the amount you would have to fork over to own one of these masternodes.
I already mentioned what it would cost to acquire Dash but you can also look at the amount of coins you would need and the ROI. I also show a few other popular coins that most people have heard of in PIVX and Syscoin but let's break down the Dash Masternode for a moment.
What stands out is the amount of #money one can make on a #weekly, #monthly and #yearly breakdown. I would say pretty good not bad at all. Since the market has been in a downtread you could fork over around $240,000 and be making about $1508 per month. Sounds good right? Not sure? Okay. You can research PIVX and Syscoin on your own but let's look at another #Masternode coin to compare before we shine a light on #PoseidonQuark.
I just want to point out I am not a very good article writer nor am I by any means an expert in purchasing masternodes or cryptocurrency for that matter. I am just giving my opinions as I see it.
So if we glean over this picture you can see I pointed out Condominium coin for a comparison to Dash. The comparison is only for cost to purchase and the overall #ROI over a time frame. It is up to you to be a #short, #medium, or #long term investor.
The total volume is number eleven on MasterNodes.online and the coin price really stands out. You can see the overall cost compared to Dash to be an owner of one of these masternodes. Looks like around $484. Okay so what is next?
Okay. Let's look at Dash again.
So roughly just under $500 for one and around $240,000 for the other. I know anything can happen in the #cryptomarkets but at this time the ROI is very close to the same on these masternodes but the overall cost to acquire them is very different. This lead me to my final point as you have been waiting for me to shine a light on our featured #masternode here.
#Poseidon-Quark or #POSQ has risen up with a new look and a revamped team. Including a big marketing push. The team and the community already know what great potential this masternode P0S coins has but now with the help of the community the word is going to spread. Let me show you what they have going here.
Poseidon Quark (POSQ) is an open-source #privacy focused digital currency based on #Bitcoins blockchain technology, Dash masternodes and Zerocoin’s Zerocash protocol, combining them to create a powerfully innovative #technology.
Poseidon Quark is also powered by Blackcoin #Proof-of-Stake 3.0 and Bitcoin core 0.10x code base using #Quark hashing algorithm with a block time of just 60 seconds.
A peer-to-peer digital currency that provides fast, #zero-cost payments to anywhere around the world without any third-party intervention.
#Poseidon-Quark is a fully decentralized #global-payment-network allowing individuals to have full control of their finances.
Privacy is gaining popularity because many are just getting tired of allowing every transaction to be followed and known by individuals or global governments.
We must fight the notion, wherever we encounter it, that cash is only for criminals, and that privacy is only for those who have something to hide.
For those who are up to no good.
Privacy is for everyone. We the people have conceded too much already and now with a masternode coin like #Poseidon-Quark. We can have a choice to use the #privacy features if we so desire.
Masternodes require a collateral of 10,000 POSQ and can be run on the Tor network for greater privacy. All transactions on the network are fully verifiable with a built-in blockchain explorer within the software itself.
The reward ratio of #staking to masternodes is 30:70.
Let's also take a closer look here. I am not going to give a comparison in price and ROI by dollar amounts, they are going through a revamping and it is a turn around story in progress, but instead I am going to ask you to imagine what will happen as the price of this masternode will rise over time and the exorbitant potential we have here.
As you can see the amount of active masternodes is already 1486. As a #masternode owner you are receiving 287 (it is probably closer to 245 at this moment) coins per day and close to 105,000 coins per year. If one were to simply hold their coins. This could turn out to be a really nice long term investment.
You also have the proof of stake potential here. A masternode holder will receive 70% of the block reward while the person who decides they want to download a wallet and leave it open 24/7 on their home computer or on a vps will get 30% of the block reward.
I want to point out some other unique aspects of #POSQ
What that picture shows is they have an easy way to monitor your individual masternode(s) to make sure you are enabled and online. You can look it up by ip address or even simply put in your wallet address for a screen shot to a view of the #blockchain.
This just points out the nice rewards one of the masternodes is receiving. You can see the green 245 being paid out as a reward.
In addition, they have several masternode tutorials including a hot + cold masternode setup.
They are already on three good exchanges and I will leave links below so you can easily go to the exchange of your choice.
I will also leave links to their two Telegram channels, Twitter, Facebook, Reddit, BitcoinTalk and Github.
If you would like to join the discord channel so you can learn more and take part in the daily #airdrops and #Bounty-Programs - link also be below.
Lastly, I wanted to leave you with the #POSQ Developer's own words.
"We're currently developing voting platform as well as wallet upgrade, lowered emissions and raised collaterals. We are also bringing in more people for marketing and starting up many more airdrop campaigns to fairly distribute more posq. We will be revising the roadmap and white paper as well with time."
Important Links
POSQ Website: https://posq.space/
Github: https://github.com/POSQDev/posq
Explorer: http://posq.space:8080/
masternode tracking http://posq.mn.zone/
ANN Thread : https://bitcointalk.org/index.php?topic=2923976.0
Wallet Downloads: https://posq.space/index.html#downloads
Faucet: https://posq.space/faucet
Masternode Setup Tutorial: https://steemit.com/poseidon/@sicxnull/poseidon-quark-masternode-tutorial
https://medium.com/@prateek.udemy/poseidon-cold-wallet-masternode-setup-on-linux-vps-dca0bdcc9878
POSQ official telegram group https://t.me/poseidonquark
POSQ official telegram news stream channel https://t.me/poseidonquarknews
POSQ official facebook page: https://www.facebook.com/PoseidonQuark
My discord invite to join the community: https://discord.gg/4tQcHtu
May all your dreams be realized. Peace out for now. Community member - block_lesner