A Deep Dive into Rupaya
New investors generally chase the moon and are prime targets for pump-and-dump schemes, or they deep dive for worthy, long-term investments.
For the divers among us, the best way to ensure we are making sound investment decisions is to do a significant amount of research about the coin, the technology behind it, and the developers creating it. In the world of Proof of Stake (POS) and Master Node coins, there’s great potential for significant earnings, but many coins are little more than smoke and mirrors. The coins that offer over-inflated Return on Investment (ROI) with little consideration to the long-term value of the coin will eventually find their coins decreasing in value as their circulating supply grows too rapidly. Creating a POS coin that can sufficiently reward staking wallets and Master Nodes without overly inflating their coin production is no simple task. Such coins are currently few and far between.
In this article, I offer you the research that I have done on Rupaya (RUPX) and how it compares to other POS and Master Node coins. I considered several indicators and all signs suggest that this coin is worth considering as a long-term investment that also provides short-term gains. Rupaya caught my eye while searching for coins that allow staking in order to earn dividends for holding coins in an online wallet and to create Master Nodes to earn even larger returns more frequently.
So, what are some of the indicators of a worthy, long-term investment?
1) What is the coin’s purpose or what problem does it solve?
2) How well developed is the coin, community, and core team?
3) Who are the competitors?
4) How big is the market they are targeting?
5) How does the coin derive and maintain its value?
1) What is Rupaya’s purpose or what problem does it solve?
Perhaps most important for the ethical investor, let’s talk about Rupaya’s purpose and what problem the coin was created to solve. Rupaya is the digital form of rupees, which is a currency used throughout South Asia. Rupaya is intended to provide a digital currency to a growing number of residents in emerging markets that are unable to access bank accounts and credit cards. In money matters, the playing field is rarely level, so it’s encouraging to see this opportunity for people who are generally disenfranchised.
But will Rupaya be adopted as a useful currency? To ensure this important development, Rupaya provides instant transactions with SwiftTX technology. SwiftTX transactions are confirmed and become spendable within seconds, at the expense of an extra fee. This is guaranteed by the network of Master Nodes, which reduces the time required to complete multiple confirmations. This should provide incentives to brick-and-mortar stores that would like to accept cryptocurrencies but do not want to wait minutes or hours for the funds to clear.
2) How well developed is the coin, community and core team?
When I am researching new cryptocurrencies for investments, I spend the majority of my time learning about the development of the coin and the organization of the development team. For Rupaya, I started my research by browsing their website, Twitter feed, and Bitcointalk site. I focused on how often they provide updates, how well updates are communicated, and how the user community responds to those updates. What I discovered is that the Rupaya team actively communicates updates and the communications are consistently professional. Initially, there were complaints about the lack of exchanges and marketing but that was in a phase when the development team was focusing on the technology rather than expansion. Most recently, the posts from their Discord community have been very positive, with useful feedback from the Rupaya team when there were questions or issues.
Rupaya just published their updated Roadmap, which has a very aggressive timeline for releasing updates through Q4 of 2018. Their development team will have their hands full meeting the aggressive timeline they set for the Q4 goals.
Their updated Whitepaper is scheduled to be released in mid-May and has a release date tracker on their Web site that shows the days/hours/minutes until the release date, which suggests they are dedicated to completing it by that deadline.
Next, I started asking my own questions on their Discord channel. Most questions weren’t answered immediately, but they were all answered within a timely manner. What I learned is that the Master Node owners are averaging three pay outs daily, their ROI is taking around two months, and some are already working towards setting up another Master Node, while others are just staking their new coins.
The Rupaya Discord channel itself is extremely well developed and light years ahead of many other cryptocurrencies that are also using the Discord chat platform.
The Rupaya official staking pool uses their Discord channel as their staking platform and it is FULLY automated. This mitigates the financial risk of your coins being pooled with a staking pool that has not been properly vetted. The automated Discord staking bot allows you to deposit, stake, and withdraw your coins from a fast and easy-to-learn interface. This speaks volumes to the amount of time and effort invested in developing the staking pool service.
The Rupaya Master Node service is what I found to be the most impressive. Their build process is straightforward and can be done relatively quickly, compared to most other Master Node coins. The setup documentation is already stored in GitHub and is easily accessible via a web interface. Rupaya is also listed on a shared Master Node tracking website that provides free monitoring services to the Master Node owners. The service monitors if the Master Nodes are online, how long they have been online and when the last time they received a pay out. The tracking website is extremely well developed, has an easy to use interface, and will likely set the bar for other Master Node tracking sites to follow suit. This level of service is above and beyond what is available for many other coin’s Master Node owners.
The Rupaya Discord also has a Rupaya-Market channel for those that want to buy or sell Master Nodes directly from others in the community. They even have a Shared-Masternode channel, which is a forum to connect with others that want to pool their resources to purchase a Master Node. These channels are already in production use in the Rupaya Discord while most other coins are still only talking about how to accomplish it.
The Rupaya team has clearly spent a tremendous amount of time creating a wide variety of services that other coins are still working towards in their roadmaps or are still only talked about. The ease of use of the wallet, the informative Discord channel, the automated official staking pool, the easy Master Node setup, the Rupaya Market, the shared Master Node service, and the Master Node monitoring tool goes to show that the development team is extremely well organized and very talented at implementing difficult technologies.
3) Who are Rupaya’s competitors?
There are hundreds of POS and Master Node coins on the market who offer staking rewards to staking wallets and Master Node rewards to those technical enough to build servers and brave enough to invest in the amount of coins required to make a Master Node. Many of them can be found on sites such as masternodes.pro or masternodes.online. The cost of the Master Nodes vary dramatically from $50 (Arcticcoin) to $376000 (Dash). The annual ROI on Master Nodes vary just as dramatically (.21% — 1062%).
Currently, the Rupaya Master Node costs around $1600 USD (0.2026 BTC) for the 10000 coins required to create a Master Node. The ROI on the Rupaya Master Node is a significant 573% per year. Most Master Node coins that offer such a large ROI are accomplishing high returns by over-inflating their rate of coin production, which can quickly drive the price of the coin down lower and lower.
The reason the Rupaya Master Node annual ROI is so significant is because of the small number of Master Nodes currently on the network, which allows Master Nodes to be rewarded more frequently. There were only 663 Nodes online when this article was written. As the number of Master Nodes increases, the time intervals between payouts will also increase and the annual ROI will decrease. Since there are, on average, three to five new Nodes coming online daily, the current annual ROI of 573% is going to continue to steadily decrease. This means that getting a Rupaya Master Node setup and running sooner than later will make a significant difference in the annual ROI that the Master Node earns.
If you were to create a Rupaya Master Node today, your Node would be averaging three payouts per day, of 72 coins per payout. Rupaya is currently around .16 cents (0.00002037 BTC) per coin so each payout is around $11.45 USD (0.00145872 BTC). This means that the Master Nodes are averaging $34.36 (0.00437616 BTC) per day, which is around $996.49 (0.12690864 BTC) per month. That is a significant short-term gain on a $1600 (0.2026 BTC) investment. I’m personally hoping that this price will dip down a bit so I can invest in a couple myself.
4) How big is the market Rupaya is targeting?
Rupaya’s target market are countries that are in dire need of digital accounts, such as India, Pakistan, Indonesia, Maldives, Mauritius, Nepal, Seychelles, Sri Lanka, Tibet, Burma, British East Africa, and German East Africa. Rupaya’s long term goal is to enable the use of their cryptocurrency in brick-and-mortar stores and businesses throughout South Asia. Additionally, with the release of the staking wallets and Master Nodes they have been able to expand their target market to everyone that is interested in earning dividends for staking coins and creating Master Nodes. That market is growing exponentially as more investors become aware that they can earn dividends just for holding coins in their online wallets.
5) How does RUPX derive and maintain its value?
I believe that the RUPX is currently deriving its value from the rapid expansion of staking wallets and Master Nodes that are being created daily. Since the staking wallets reward you more frequently based on how many coins are held in your wallet, and requires that the coins be in your wallet for 8 hours before they mature, each user that is staking coins in their wallet is essentially removing those coins from the circulating supply. Also, since the Master Nodes require 10000 coins to create, and they lock the coins from being sold on the market, they have been averaging between 30000 to 50000 coins being removed from the circulating supply per day, just from the new Master Nodes coming online.
Rupaya is currently minting 120 new coins per block and each block is only one minute long, which means they are minting 172800 new coins daily. The daily volume of Rupaya being sold on exchanges is around 2.82 BTC or 140000 RUPX every 24 hours. With the rapid increase in the amount of staking wallets and Master Nodes there are nearly as many coins being taken out of the circulating supply as there are new coins being produced. This has resulted in the continued increase in the price of RUPX being sold on the Exchanges at Stocks.Exchange, CryptoBridge, and TradeSatoshi.
When I began writing this article, in Mid-March 2018, the price of RUPX was sitting around .11 cents USD (.00001293 BTC) and now, one week later, is already growing beyond .16 cents USD (.00002037 BTC). While other coins have been continuing to dip to their lowest points since December, RUPX has continued to steadily grow in price, since a brief dip in early March. Most importantly, the coin’s volume has been holding strong for the last few months. I personally think the sustained volume is due to the extremely well-developed services that Rupaya offers, the quality of the technologies that have already been implemented, and the rapidly expanding Discord community.
All in all, I believe Rupaya to be a solid long-term investment with immediate short-term gains for those that stake coins or create Master Nodes. They have a solid purpose, the technology is well developed, they are already further along than of a lot of their competition, they have huge target market that is growing daily, and they are not only maintaining value, they are increasing in value, almost daily. All indicators point toward Rupaya being worth considering as both a short-term and a long term investment.
If you found the information in this article useful, please be sure to give it some claps by pressing the Clap button at the bottom of the page. The more claps you give (from 1 to 50), the more appreciated I will feel for the extensive time and effort I have spent in researching this coin and writing this detailed article.
I hope that the research that I have done will help point you in the right direction as you continue the search for your next worthy investment. Thank you.
7) Something about the Author
Brian Bearden is a Sr. Network Engineer for the non-profit company Feeding America, which provides a wide range of services to food banks across the United States. Brian has 24 years of experience in the design, implementation and maintenance of enterprise sized computer networks. Brian is also the owner of NodeMasters Consulting. NodeMasters Consulting provides professional consulting services to monthly subscribers that want the peace of mind knowing that their Nodes are being supported, built, and maintained by experts.
If you are interested in the services that NodeMasters Consulting offers, you can contact Brian via the Discord app (@GoodTimes#0673) or by email via firstname.lastname@example.org.