ADSactly on ADSACTLY - Part #45
ADSactly - MASTERNODES - A new vision for the blockchain (#2)
Have you already set up your masternode coin foundry?
Are you attracted by the insane earning possibilities that the blockchains of the new generation have to offer to their early supporters? Are you already earning your passive income while fast asleep? Are you ready to take the challenge? Well, a group of ADSactly Society's members is already running several masternodes with success. We've put together some resources and ventured into this adventurous land of lucrative offers. The new age of crypto is at the door!
During the process of choosing which servers to run, we've come across a few insights that we'll share with anyone who plans to run a masternode. We are not going to suggest any specific coins nor lead you to support them because it is not our place to do that. We sincerely hope that you'll make your own decisions, based on your own independent research, before you start a masternode. We can only say that it would be easier to chose if there were not so many interesting ones! :)
Why is research important?
Running a masternode is an investment. Anyone is free to own and operate a masternode. This is the first proof of a decentralized system and a pathway to a truly open market. This is exactly the core idea behind the blockchain crypto technology and we welcome everything along those lines.
In masternode blockchains, one needs to buy a significant amount of coin in order to start a server. This usually results in a rise of price on the market. The people who operate masternodes have made an investment and are probably holding the greater part of the newly generated coin, waiting for the rise in price for cashing in their gains. If masternode operators hold their coin and don't release it on the market in large amounts, the more likely it is that the coin's price will rise. It is natural because with the increased demand, as more people join a specific project and the majority holding, the asset becomes scarce what results with the rise in price.
So, what do I need to do?
1. Find a masternode project with a substance. Thoroughly research on the real value, find out everything about the project. Think of real-life application. Today every child can easily release a worthless (shit)coin and strongly market it before people realize it is a scam. Do not fall into easy traps. Crypto World is littered with these.
2. Research forums and ask developers questions about a project and see what they have to say. If they don't answer it is the first red flag. Also, check on team's previous projects. Find out who they are.
3. Check the circulating volumes. You will want to sell some coins in the future and profit from your investment.
4. Know that you are the only one responsible for your gains or loses. Nobody else can do your homework for you. It works just like in the real life. It only appears to be virtual.
In the end, a little history. DASH coin project is the first one which utilized the masternode idea. In the beginning DASH, didn't support anonymous transactions. They introduced them later on by adding 'anonymous mixer' which allowed users to be anonymous. They called it Masternode. After this, the concept spread out and new coin blockchains were created based on the same premise.
As they say, great news travels fast and masternodes fly even faster..!
If you are interested in joining the ADSactly Society, please read the blog series on ADSactly from the beginning. Have all of your questions answered in advance.
**[ADSactly on ADSACTLY - Part # 1](https://steemit.com/adsactly/@adsactly/adsactly-on-adsactly-part-1)** Open-Value Network / Co-opoly
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**[ADSactly on ADSACTLY - Part # 38](https://steemit.com/adsactly/@adsactly/adsactly-on-adsactly-part-38-taxation-of-crypto-part-1)** ADSactly - Taxation of Crypto - Part #1
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**[ADSactly on ADSACTLY - Part # 44](https://steemit.com/adsactly/@adsactly/adsactly-on-adsactly-masternodes-a-new-vision-for-the-blockchain-part-1)** ADSactly - MASTERNODES - A new vision for the blockchain (#1)
Every honest individual with good intentions is invited to join and offer their skills, knowledge, energy, time or resources to various ongoing projects within ADSactly society. The channel is here: ADSactly and you are welcome!
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