Jugg
Crypto Builder/Trader/Investor
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Been a long time since my last update! Have been busy with new projects in the blockchain/ICO space.
Today, gonna loop back about the Masternode Project I talked about earlier.
I wasted quite alot of time on my Zencash masternode which was supposed to return like 3% a month which is really not much.
I now have a node set up for a project called ALQO, and will be doing so for Vechain and Nuls as well.
These masternodes provide decent "dividends"; for instance ALQO returns about 12% a month and I'm hoping Vechain and Nuls can provide something similar.
The beauty of this is that not only are you getting immediate returns, but if you got the tokens for cheap, your returns will be higher than the "stated return".
For instance, I bought my Nuls tokens for around $1.50 each. 20,000 tokens are needed to start a node, so I paid like $30,000 to per node (I have more than one).
However the price per Nuls now at the time of writing is $4.18, and by the time I start my node, without going into price projection etc, the price could realistically be anywhere from $6 - $20 or hopefuly even more. It has hit a high of $8 before.
Let's keep things really pessimistic and say it stays stuck at $6. That's $120,000 per node. Assuming 10% returns per month that's $12,000 per month. However remember that I paid only $30,000 for my node. This means that instead of the stated 10%, I'm instead getting a 40% return per month.
Just treating these as cashflow assets, like property.
To create a business out of this, I'm planning out a next project which I'm calling: Trust Pool.
It will basically be a pool in which I will consolidate tokens of people who want to hold tokens for the long term but do not have enough to create a masternode or do not have the expertise to do it.
I will be taking a fee of 5-10% from the poolers; shall share more about this project and a couple others in the coming weeks.
Today, gonna loop back about the Masternode Project I talked about earlier.
I wasted quite alot of time on my Zencash masternode which was supposed to return like 3% a month which is really not much.
I now have a node set up for a project called ALQO, and will be doing so for Vechain and Nuls as well.
These masternodes provide decent "dividends"; for instance ALQO returns about 12% a month and I'm hoping Vechain and Nuls can provide something similar.
The beauty of this is that not only are you getting immediate returns, but if you got the tokens for cheap, your returns will be higher than the "stated return".
For instance, I bought my Nuls tokens for around $1.50 each. 20,000 tokens are needed to start a node, so I paid like $30,000 to per node (I have more than one).
However the price per Nuls now at the time of writing is $4.18, and by the time I start my node, without going into price projection etc, the price could realistically be anywhere from $6 - $20 or hopefuly even more. It has hit a high of $8 before.
Let's keep things really pessimistic and say it stays stuck at $6. That's $120,000 per node. Assuming 10% returns per month that's $12,000 per month. However remember that I paid only $30,000 for my node. This means that instead of the stated 10%, I'm instead getting a 40% return per month.
Just treating these as cashflow assets, like property.
To create a business out of this, I'm planning out a next project which I'm calling: Trust Pool.
It will basically be a pool in which I will consolidate tokens of people who want to hold tokens for the long term but do not have enough to create a masternode or do not have the expertise to do it.
I will be taking a fee of 5-10% from the poolers; shall share more about this project and a couple others in the coming weeks.
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