how much is the block reward , do masternodes earn some percentage of the block reward because i think 1% from the transaction fee alone is low
Staking wallets earn a reward as PIE is POS coin. Once total coin amount hits 84 million, staking reward drops to 0%.
So until we have everything running there is the staking reward. Then the transaction fee. 1% is standard. It is a fair return for providing the service of running the network. The value of PIEcoins themselves will increase with the hardcap.
In addition (if technically possible) we will implement a dedication of masternodes to new businesses. This means businesses requiring company formation (taxes) and hiring of staff etc. can be created by owners of masternodes and all transactions going through their dedicated "masternodes" are revenue for their business. Examples include exchange, merchant solutions etc. These are business opportunities that need to be run as such due to legal aspects alone and cannot be handled as a community solution. PIEcoin is the community.
To earn more running just a basic masternode we need to increase transaction volume (profit=1% X volume- costs).
We need to get PIE out to lots of people. We will implement the plan and help the community to grow.