What is masternode?

A masternode allows you to participate in the blockchain network by performing standard node functions like hosting a copy of the blockchain, relaying messages, and validating transactions on the network. In some instances like Dash Masternode, it also acts as shareholders, voting on a proposal for improving Dash’s ecosystem.  By owning masternode, you receive cryptos for providing the service, this can be your passive income. 

When Dash Masternode created a few millionaires with masternode at over $1.5million, there was a surge in platforms that made ownership of master node as easy as a few clicks on a dashboard. 

Masternode platforms

A new generation of master node hosting company emerged as more people who are not technical wishes to own master nodes to gain passive income. 

To sign up, Midas.investment

It contains extreme high risk and investment can go from 3x to 10% within months. Most projects are just scams that are pump and dump with no real use case. 

However, there is a platform that caught my eye, and you may investigate and monitor its growth. It has just celebrated its 2-year anniversary. If the master node investment scene picks up, this may be an excellent time to put small amounts that you can afford to lose. The masternode market is possibly at its bottom. 

Midas investment launched in Jan 2018, survived and emerged as the potential winner. Midas investment has, by far been consistently lead the masternode market with innovations that shock the market. Despite the bear market with many masternode scams, they manage to survive and continue to innovate. 

These are the innovation to date:

*150 Midas coins are worth about $75.

Upside & Risk

Dash is the most popular and highest market cap masternode coin. Midas is the young 2-year-old coin that has survived and gaining popularity.

What if Midas price goes up to 10x after 2- 5yrs? 

Why is it possible? 

1. There are only 5million Midas coins. 
2. Each quarter, Midas will use 25% of their profit to buy back and burn the coins. So far, more than 88,000 coins have been burned. 
3. Each user who wishes to get a masternode from Midas will most probably lock in 300 coins so that they receive FREE masternode hosting service.  Out of the 350 that is locked-in, 100Midas coins are burned, meaning, it is removed from the circulation. Also, you receive a lifetime payout as long as more people activate the burnout. If Midas gets popular, you receive more rewards. 
4. When crypto goes into a bull market, do you think more people will want to buy Midas coins to get free masternode hosting? Do you think the price will go up as a result?

https://masternodes.pro/stats/midas/statistics as of 6 Feb 2020.

As you can see from the chart, Midas is slowly recovering and growing. It may have bottom-up and if it continues to implement their innovative solution to increase the demand of the coin, the price will have to go up. 

In the latest 2 years anniversary video, their plan is to increase their users by 3 times and introduce more utility to their coins. Judging from their performance in the last 2 years, personally, I think they may do well as they increase users and burn more coins with their 25% revenue and burn out feature. 

Each masternode has a schedule for rewards disbursement. Below is a schedule from Midas.  From 7,000 block, investors receive the highest rewards of 13 coins. According to the explorer, it is at 334,518 Block. The reward is 2 coins. When it reaches 500,000 block, it will be reduced to 1.5 coins and 750,000 block to 1 coin.  And it will continue to have rewards halving at every 250,000 blocks. To view live status, simply go to http://explorer.midas.investments/masternodes. 

Risks 

• There are many benefits and convenience in owning an instant master node, but it also comes with a few risks.
• Instant master node platform providers are centralised so there is a risk of exit scam, liquidation or hacked.
• You do not own the private keys of the master nodes rewards.

To mitigate these risks, you may want to withdraw your rewards periodically into your own wallet where you own the private keys.

Always remember to keep your crypto for long term hold on a hardware wallet.https://www.ledgerwallet.com/r/fd24  NanoledgerX is one of the best and holds more than a hundred different cryptocurrency. 

If you wish to build your own Masternodes Passive Income, sign up here

How to use Midas

Invest in Masternode

Select the masternode that you wish to purchase by clicking on the Buy button. As of now, you receive 15% interest for depositing BTC on Midas. Dash is the most established masternode project which explains the low ROI and high price. Example to purchase Midas masternode, click BUY MIDAS.

It states the number of Midas you can purchase with the BTC. There is also a cashback of 0.5% BTC.

Receive Daily Rewards

Typically, rewards are deposited in every 4 to 12 hours depending on which project you purchased. As you can see the rewards can also be reinvested automatically.

For those who have Midas cryptos locked-in, hosting for the master node is free. Typically, other platform charges between $2 to $10 per month for each master node. As of Jan 2020, 350 Midas cryptos will cost about $0.35 x 105 = $122.50. These cryptos still belong to you, and you can sell it anytime. I would have paid about $100/mth if I used other platforms to host my master nodes so it's worth it. I saved about $1,200/yr.

Sell rewards for BTC

As BTC is the king of crypto, most people may hedge risk by selling it to collect BTC. As of Jan 2020, you can sell rewards on the Midas Exchange directly within the Midas platform. In the near future, Midas plans to add the feature to automatically sell it for BTC.

In conclusion, Midas has a full solution, which they call Instant Buy and Instant Sell where you save lots of time and effort.

Sign up at Midas.investment and start to build up your passive income streams.

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