Leveraging faucets with staking

By Jelly Fish | cryptofun | 23 Jan 2020


This is a short note for faucets jerk-offs on how to leverage their pennieses with masternodes screwers.

Some time ago I wrote a note about Graviex exchange. I love this exchange primarily for its native Graviocoin GIO coin, which brings you daily dividends in BTC as long as you keep the coins on your account (the dividends is a share of trading commissions).

Besides, for many coins, the exchange has a very low withdrawal minimum and fees (like 0.008 min withdrawal plus 0.002 fees).

Moreover, Graviex has a built-in faucet:

Note the coins marked red.

Click the image to open it larger and note the red-marked coins for later.

 

On the other end of the leverage, there's StakeCube -- a shared masternodes service.

"Shared masternode" means when you want to screw with a masternode but don't have the required collateral (say, 10K coins) in full -- you can buy (or rather, underwrite), say, a 1/100-th share (which will require only 10K/100=100 coins) in a running masternode and get your 1/100-th share of masternode's earnings (minus fees). Later you can sell (or rather release) your share and have your 100 coins back.

351665157-9e5cd3e9d0605e2bd2b77cff6ad595a6b0916531225b793bc162b83d38fc2fc1.png

Click the image to open it large and note the red-marked coins for later.

The good thing about StakeCube is that you don't even need to buy shares. Simply have something on your accounts and you will receive tiny earnings on it (though probably less than if you had shares, and it doesn't work at all for BTC, LTC, Doge, and DASH deposits).

 

I think the idea is clear -- I jerk the red-marked coins out of Graviex faucets (at least the coins worth jerking), send them to StakeCube and have my little staking rewards. Unfortunately, I couldn't find how much APR the service gives for "non-share" deposits, but as long as some people seem happy with 2% APR -- I believe StakeCube gives at least the same.

I'm not a big fun of masternodes, but otherwise, these pennies would be largely useless. Hodling them at StakeCube gives me at least a chance to hit the next Bitcoin No.2 (if the service wouldn't go bust by that time).

 

Disclaimer: I'm neither an employee nor an owner of any crypto project including the above-mentioned ones. The article is informational and not an endorsement, guarantee or financial advice of any kind. The links are affiliate. I myself have assets at the mentioned projects.

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Jelly Fish
Jelly Fish

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