Hot as the topic of Masternodes are now in the cryptosphere, it still remains a mystery to many especially the less adventurous crypto-enthusiasts. Masternodes came well into focus few years back when Dash coin, the pioneer masternode coin, adopted the Proof of Stake protocol. Over the years, masternode coins have gained traction as well as interests amongst crypto investors and these according to masternode.pro, a website that monitors masternode coin performance values the total masternode coin value at $50,568,808.26. This shows the potential amongst these seemingly budding coins in the cryptosphere.
Buzzing the Space
The introduction of any new crypto project comes with a lot of publicity, jingles and awareness that targeted would be investors are left with only one decision: To join the train. Diligent and or true investors make this decision after a careful analysis of the new project’s whitepaper, a comprehensive background check on the team behind the project and some other crypto-wide indicators that helps gives an overview of the crypto community perception about the coin or project in question. This arduous task might end in a positive conclusion but a deeper question lurks; does every coins preceding Buzz defines the success of the coin?
As it is now prevalent in the cryptospace and in the masternode niche, the prediction of a coin’s success would be hard to judge at the early phases and I present to you three Masternode coins whose initial buzz di not compliment their respective successes.
Rover Coin (ROE), is an open-source, peer-to-peer, digital currency, designed and engineered for maximizing decentralization, opportunities for earnings, diversified network and hybrid systems. Rover Coin is a Proof of Stake/Masternode based cryptocurrency that provides a secure purchase experience in the gaming industry. It’s a hybrid coin that provides reward for Proof of staking, Masternodes and for Proof of Work as well. The versatility of Rovercoin was accurately defined right from its ICO days in April/May 2018 but the price trend withered and is now fixed at $0.00007931. The ICO fairly successful ICO gave promises it never has been able to fulfil as RoverCoin is currently been traded actively only on SouthXchange and it is not listed on CoinMarketCap.
Through the power of blockchain, Atheneum has formed the world’s first Decentralized Autonomous Learning Organization (DALO), a free-market, educational ecosystem governed by a decentralized body. This model is fundamentally designed to provide accountability, proof-of-learning, and affordable education to peoples across the globe. The Atheneum blockchain learning initiative is well commended by me as well as other analysts I’ve discussed with but how well is the underlying coin thriving among its peers. Masternode.pro ranked the coin 36th out of the 152 coins being monitored. Atheneum coin is currently valued at $0.02 with a market coin of $624,942. This wonderful coin still isn’t listed on coin market cap even while being actively traded on Nova and three other exchanges.
SLATE is a blockchain-based entertainment utility protocol powered by a cryptographically secure multilayered network. Consumers will be able to use SLATE to enjoy some of the best entertainment the world has to offer. With SLATE, there is a promise to redefine entertainment delivery to the citizens of the world. The SLATE blockchain has a coin currently valued at $0.0005 with a market cap of $2,811,358. With the buzz and promises of the SLATE Network, the coin is yet to be listed on coin market cap thus limiting its visibility and global acceptance.
The Case for Coin Retrogression
Understanding why coin fails or are unable to meet up with their launching promises and potential might be overly complicated to explore here but it should be understood that the cryptosphere is filled with novel inventions that can directly or indirectly sniffle out existing ones. As there is no regulatory rules boarding around the creation of blockchain products, project team members should strive to be on top of their game and pay utmost attention to details as well as the evolving trends in the niche they intend to dominate.
Blockchain products are essential is attaining the independence we all deserve in the financial, data protect, social media and other aspects of human technological dependence. Stakeholders in the cryptosphere would always anticipate and support great ideas when introduced and the onus thus lie in the hands of developers especially in the budding masternode niche to live up to expectations for the good of all