Why The Next Generation Of Masternode Coins Might Be Worth More Than The Current Generation
Could you name the #1 reason why people invest in masternodes?
Arguably, the #1 reason why people invest in masternodes is … to generate passive income 24/7.
Yes — there’s a possibility of making several times your investment if the coin price goes up. And, at the same time, the opportunity to lose up to 99% of value in a matter of days is there.
Some of the current masternode coin developers position their masternode coins as a Next Best Thing Since Sliced Bread. And, public likes it.
Here’s what happens (more or less) when a new masternode coin is presented to the public:
Miners jump on the opportunity and start mining like there’s no tomorrow. Masternode investors start quietly buying the coin at the chat channels. General public’s interest gets heated up with tweets, banners and e-mail broadcast messages.
A masternode functionality becomes a defining characteristic of a crypto coin…
It shouldn’t be like that.
Here’s why:
The very concept of masternodes is solid and will power the blockchain for years -
- Executing instant transactions
- Increasing privacy of a transaction
- Participating if voting and governance
- Enable budgeting and treasury systems in crypto currencies
- etc
Here’s how it should be — the right way:
The coin must be used for something other than staking! Period.
The current generation of masternode coins uses masternode as a defining characteristic of a coin. The developers hope (or they don’t) the utility will follow.
But, instead, it will make more sense for developers to focus on generating demand for their coin. The general public should “like” and be offered a way to use the coin for something be it Peer-To-Peer payments, remittance or ecommerce.
When the demand is there — when people want the coin — setting up masternodes could become a matter of hiring a small company, to deploy the desired number of masternodes in a matter of days.
A masternode is simply a tool with a pre-defined functionality. It can’t cut your hair or do the dishes, but it does what it was designed to do. It’s the brain in the heads of developers that defines the future of the coin.
Some newer crypto projects out there plan to add masternodes in the future. The plan to add masternodes in the future… And, before they add masternodes, they will figure out what masternodes will be used for and whether or not the demand is there.
Those masternode coins where the masternode is a planned feature — not the defining characteristic of a coin — might actually be worth more (or even something) compare to the current generation of masternode coins.
WFMMC’s team is excited to build a masternode marketplace. WFMMC is one of rare companies engaged in developing a product that will benefit the blockchain infrastructure for POS crypto currencies. The team is very optimistic about the upcoming ICO. Please check our website http://wfmmc.online
