It's starting to look a lot like SHITMESS! Remember the ICO craze of 2016/2017?? Well the shitstorm is officially in diarrhea mode and it's all about MASTERNODES BABY! */add Sarcasm and Baby Puke*
So many NEW and SHINY "Masternode Coins" are coming out, hundreds by the day almost. All you see in Altcoin Announcements are coins claiming to have Masternodes with SUPER LOW SUPPLY and SUPER HIGH ROI, when in reality many of these MN projects disappear after a few months and leave whoever spent $$$ on MN's in the dust. People need to be really careful with this, most of these projects are flat out horse shit and the only ppl profiting are the asshole devs who dump as soon as it makes its way onto an exchange or rip you off via OTC. Most of the MN coins are being disregarded on exchanges but CryptoBridge and other dirty cheap exchanges seem to be happy to house them for a small fee.
The only 2 projects that really made MNs noteworthy were Dash and PIVX and sadly those are long gone if you want to be an MN holder. As much as I'm all for making ROI in this space, Masternode projects are the new "shine my shoes with shit coin" and sadly their pumping them out as fast as a cocaine fueled hooker with 97 vaginas, to the point some of the names of these projects are obviously bot driven on a large scale.
For reference, take a look at the almost infinite list of MN's over at masternodes.online to get a feel for how many MNs projects are puking up every 2 min. LOOK I GET IT, MN'S MAKE YOU $$$, BUT 99% WILL FCK YOU.
Projects that actually have PoW relevance are the projects that start with 0 pre-mine with a fair launch like Bitcoin, REMEMBER BITCOIN!? Also 99% of the time don't have masternodes to sucker in the idiots deciding to waste money on a VPS and 30,000 MAMBOcoins for example.
Ravencoin started with 0 pre-mine, fair distribution, has an open and active dev team and isn't asking ppl to giveup their firstborn for a masternode. Ravencoin is a great example of a solid project in the PoW space and it pains me to see the good projects like this so far and few between.
To wrap this fire of a shitpost up, not all MN projects are crap but 99.89% of them are. Be careful, and don't let greed fuck you in the pooper.