Neptune Dash’s New Pooled Dash Masternodes Allows Users to Profit by Sharing Blockchain Power
If you are a Dash Holder, then there is some good news for you, as you don’t need to be a zillionaire just to make some money in the crypto market. The Neptune Dash has just gone ahead to announce their launch of the very first pooled masternodes. A platform that will allow the low budget holders who are looking to make some passive income by supporting the blockchain network.
As Crypto Briefing has reported it, they are a second tier network that has been made up of high-end servers, one that has been able to facilitate the features that are offered on the Dash; this is the PrivateSend and InstantSend transaction options.
For the owners present on the master node network, they are given some voting rights within the Dash DAO. But this is not all as they also get a 45% of all the current block rewards, which the network has been able to randomly allocate the same way it is done for the mining rewards. The only thing, this system has not been designed to be as simple as it is to run a mining rig for security reasons.
To ensure there is no mischief running in the network all the holders of masternodes will be required to stake about 1000 DASH that has been kept in storage. With this in place it has made it extremely expensive for any attacks to take place with the blockchain network; additionally, this gives a very strong incentive to ensure they have maintained the value of the coin.
At the time of writing, a master node was costing about $160,000; this is in addition to the equipment costs. With this it makes it to be out of reach for all, but it is still considered as the best funded for crypto users, or one that can be considered to be the least risk-averse.
As a result, the network has been able to prove a point on the PoS, proof-of-stake, one that is able to offer a 6% on the annual returns, thus the richer will be able to get richer, and unfortunately, the poorer will just stay at the same spot.
The Democratizing of the Network
Neptune has gone ahead to say that even the low budget players within the market will be in a position to receive a fair enough share on the returns made on the masternodes. The company went ahead to say that when the current dash owners participate in the Pooled Neptune Dash Masternode, then they will essentially own a stake of the master node.
As a result, this will help them in gaining some level of revenue on a percentage basis of what they own.
Cale Moodie, the CEO went ahead to say that today has marked the inception of their very first Pooled Masternode, where a Dash holder will be able to benefit from the network by earning some passive income that is paid.
But it is Not Yet Trustless
The idea of pooling for a master node might be something very appealing to many, but there is still a downside to this concept. Any individual who is sending a DASH straight to the Neptune network or CrowdNote runs a risk of not seeing it again. But both companies are reassuring the potential investors in the market of their trustworthiness.
As a result, the CrowdNode’s website has ensured they have gone into great detail on its status being a publicly registered company that is regularly audited, with all the funds that is has being stored in the multi-signature wallets. Additionally, Neptune Dash has decided to be more straightforward with their slogan that they are very helpful to the Canadians, this is within their trust section of the website.