APIS: The Masternode Platform That We’ve Been Sorely Missing

It’s not an overstatement to say that 2017 was a year of crytocurrency, particularly for the international investment sector. What was once a niche market for silkroad users and newegg early adopters quickly grew to a staggering hulk of a market with 760 Billion dollar cap. So-called Initial Coin Offerings, the cryptocurrency equivalent of IPO, set new records in the highest funded crowdfund projects in human history. Individual mining rigs which used to be just personal computers rapidly became industrialized, building-sized mining facilities pumping bitcoin and other PoW crytocurrencies.

But as one of the most prevalent cryptocurrency, Ethereum, is aiming to change its current consensus mechanism from PoW to PoS, the paradigm of mining — the core of cryptocurrency incentive — seem to be moving as well.

And that’s where masternode comes in.

What is a Masternode?

In layman’s terms, a masternode is a wallet that keeps a full live record of the entire blockchain. For Bitcoin, this is commonly known as a full node wallet. However, masternode is a bit different in that it contributes to the entire network by executing some of the following:

• Increasing privacy of transactions
• Doing instant transactions
• Participating in governance and voting
• Enable budgeting and treasury system in cryptocurrency

Running a masternode is no easy feat, and individuals running masternodes are rewarded for that effort and resources put into maintaining the stability of the network. The only problem is: you usually need a ridiculous amount of a certain coin to run a masternode(primary barrier to entry) and a server to run it 24/7 as well as the knowledge to set it up(secondary barrier). Do you want to invest in a share of a masternode? Sure, no problem. There are various websites that will allow you to invest in masternode pools. If you don’t mind sending your hard earned crytos into a complete stranger’s wallet that could disappear into thin air any day.

Meet APIS, the masternode investment platform

Developed to be a QTUM dApp, APIS stands for Advanced Property Investment System. In its essence, APIS is a platform that allows investors to invest in different masternodes.

In order to streamline the masternode investing process, APIS provides two solutions: first, the APIS native QRC-20 token that carries value within the APIS ecosystem to allow people’s entry into pools of different masternode-capable coins; second, the online website and mobile application that facilitates easy setup of masternode through the use of APIS tokens. With the entire system in place, investors will be able to get APIS token as much as they want to invest in a specific masternode pool and gain principle plus the appropriate share of the block reward after the reward cycle with the relative ease of a few clicks.

The team is also planning to build their own server worldwide, so you won’t have to invest in hardware to keep your masternode running.

ICO details

• Public Presale: 20 Feb 2018 — runs until allocated tokens are sold out
• ICO: TBD
• Price: 1 QTUM = 5400 APIS for presale round; 5000 APIS
• Distribution: 55% of total supply of 9,520,000,000 tokens sold(5,236,000,000 tokens); Private offering 1,380,000,000 tokens; Public Presale 756,000,000 tokens; ICO 3,100,000,000 tokens
• KYC/whitelisting: Yes, open as of 3 Feb; will conclude on 10 Feb.

For more information, please check out the APIS official website https://apisplatform.io