Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [ICO] [STUB] | TokenStub | Event Tickets Blockchain | Bounties
by
vavan33
on 18/08/2017, 06:27:19 UTC
Can you stake? Is there a masternode?  What are the benefits of the platform and for the investor in the currency?
Yes - If you've used Dash or PIVX, you will know all about the joys of staking and hosting a masternode.  Basically, it turns your wallet into a savings account, which generates interest on a daily basis.  With Dash trading at $238ish, you'll need to commit about $238,000 to host a masternode on that that network.  With TokenStub starting out at $0.10, it would cost you $10,000 to host a masternode. 

From Dash's dedicated masternode site:


Quote
INVESTING IN A MASTERNODE CAN SOMETIMES BE A LITTLE CONFUSING SO HERE’S THE ANALOGY

Think of a masternode as a savings account with a minimum deposit of 1,000 DASH. A traditional savings account pays interest, and a masternode pays rewards which are very much like interest. In the case of a masternode, the reward (or interest) comes from performing services for the network. Not from lending.

The big difference between a traditional savings account and a masternode is that your initial deposit never leaves your possession.