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Shared Masternode

What is a Shared Masternode?

A Shared Masternode (or masternode pool) is a service made possible by Masternodes plateform as WESTAKE. It’s a real physical server, acting as a Masternode on the Blockchain, so all the features of a Shared Masternode are the exact same as a regular Masternode. It participates to secure the blockchain network, and by doing so, gets rewarded by the network itself. A Masternode service, is setup on a server and is visible by the blockchain. For security purposes, it should not manage any crypto wallet (to avoid wallet hacking), and should be linked to a cold wallet with the collateral amount required to run a masternode.

A shared masternode service allows you to be a co-owner of a masternode. It is therefore possible to invest only a small amount of the whole required collateral. You can invest in a part of the collateral and it’s not anymore a requirement. When your Masternode receives theses rewards, you get a percentage of those, depending on your initial investment.. The network automatically generates the rewards to the wallet, linked with the shared masternode, and WESTAKE instantly credits those rewards on the investor’s account. Those rewards become instantly withdrawable on your account, without any limitation.

You have the possibility to invest in Shared Masternodes with many different cryptos and WESTAKE offers many of them. Every crypto have different generation algorithms. The rewards can be generated daily, weekly, or more, and the collateral is often different. The return of investment also depends of the crypto, the size of the blockchain, and the number of Masternodes which are currently active and online.

Why participate to a Shared Masternode?

The first reason to participate to a shared masternode is definitely the minimal amount needed for the collateral. To be a masternode owner, you need a usually big collateral. It’s the amount of coins necessary to validate your masternode status on the network. Depending on the masternode you want to invest in, the collateral is for example equivalent to $156 145.16 for Dash or $88.41 for Deviant Coin. Usually, better the reputation of a coin is, higher is the equivalent usd amount of the collateral. If you want to be a masternode owner on serious projects, unlessthe money is not an issue for the investor, the best solution is to go for shared masternodes.

If you barely have money to be the sole owner of one masternode, you should split your investment instead, in more than one project. Any financial investor expert would advise never to put all your eggs in the same basket. The shared masternodes is the most adequatet solution for someone who wants to invest in Masternodes and split the risks on differents projects. With a minimal collateral requirement, investors can decide to spread their investment in many different emerging crypto projects at the same time with a low amount of investment.

To start using a shared masternodes services, users need to deposit the amount they want to invest, to their wallet. With WESTAKE, those coins are stored in a secured place, unreachable from the public network.
The steps are pretty simple as the only thing you have to do is deposit your coins on a WESTAKE wallet, invest in the shared masternodes of your choice and wait for the rewards to appear on your account. You can instantly withdraw your rewards or decide to reinvest them to have a bigger share of the shared masternode. WESTAKE makes it possible for you in just a few clicks and skipping all the technical skills you would need setting up your own masternode. WESTAKE also keeps all it’s masternodes up to date, so you won’t have to worry about server updates, ever.

How invest in Shared Masternodes on WESTAKE?

To invest in a shared masternode you are interested in, you firstly need to possess the coins related to this shared masternode. To get them, it is necessary to possess bitcoins (or any other tradable currency) and exchange them through an Exchanger. As we know, it can sometimes be complicated to exchange bitcoin into some other cryptos (like BITG or DEV), WESTAKE solves this issue by giving you the possibility to exchange your bitcoins directly from your WESTAKE account.

Once you have the specific masternode coins on your WESTAKE account, you can invest them in 2 different ways.

  • - Invest in a classic shared Masternode. The concept relies on what we described so far regarding the Shared Masternodes.You have to deposit the amount of coins you want to invest in the shared masternode. Once the shared masternode collateral pool is completely filled, the masternode is created, configured and ready to work on the blockchain. Every co-owner of this shared masternode will receive proof of stake rewards, divided equally by the number of shares.
  • - Invest in an Instant Shared Masternode. For theses shared masternodes, there is no need to wait for the investment pool to fill in and reach the required collateral. A masternode is already created by WESTAKE and running ahead. When a user invests in an instant shared masternode, he buys the collateral shares that WESTAKE possessed for this masternode. When the shares of WESTAKE reaches 0, we create and fund a new one.

Active Shared Masternodes on WESTAKE

Currency Deposit Address Masternode Amount Amount Generated
BITG --- 2 500.00000000 BITG 0.00000000 BITG Details
BITG GfLDLAsdANeQ3RJWTAuq2wsNwPLmPTi5TU 2 500.00000000 BITG 34.00000000 BITG Details
BWK bQneradmpac81UYHsWEiYbNRw4769YH91t 5 000.00000000 BWK 158.43750000 BWK Details
BITG GdDdscYNvBk9YckS2gQ8XRmuCSXaNZHDR2 2 500.00000000 BITG 119.00000000 BITG Details
BWK bJyjuHmVXaVVP6kpCtwQ3uoT8rSbHv1rGY 5 000.00000000 BWK 182.81250000 BWK Details
DEV dV1mexz5cr4m4V8X2uoxncKiGmmmSP1Pfr 5 000.00000000 DEV 265.67999982 DEV Details
XZC a5JT7nnP53kLJcg71g4mCMtWyvckxMH1um 1 000.00000000 XZC 7.50000000 XZC Details
BWK bQfzut4cfYKdHPFtf7asF5tWY4M2qpYSSZ 5 000.00000000 BWK 243.75000000 BWK Details
BWK bGkWSVi1FdbbyPaD9z5aUgXFBd1puKqFyW 5 000.00000000 BWK 272.18750000 BWK Details
BITG GgiYQkXVLfKYgy7bd7n7zLJ1PR3L7KHa82 2 500.00000000 BITG 178.50000000 BITG Details
DEV dH1jf2ytrFnfW2hxknjcZ6kkKCtbDywZXs 5 000.00000000 DEV 383.75999974 DEV Details
BWK bP9zkD3kL6LxWhK2SLU5fwEtYJMQF5t8Dh 5 000.00000000 BWK 312.81250000 BWK Details
DEV dUNQcMjar7rpfDtXRkDpA8s6m19udN9rLC 5 000.00000000 DEV 398.51999973 DEV Details
BWK bRc32vxbNdyW7JUbNyKi4B2F3254AUvRP1 5 000.00000000 BWK 369.68750000 BWK Details
DEV dL9tmvQFZhSRMmZPu46gyrZh9dw9wcsErP 5 000.00000000 DEV 457.55999969 DEV Details
DEV dZy6MEUvZWPSc23MFMDyjUjVH3p4f94YXR 5 000.00000000 DEV 560.87999962 DEV Details
DEV dKuUZSq4oq6jRJmtc5DWytbfBU1vhFaeY5 5 000.00000000 DEV 560.87999962 DEV Details
BWK bTJCcVGgrL5hpJpNpKsTiQbv9TYoXtcfZ1 5 000.00000000 BWK 469.21875000 BWK Details
BITG GXe8s5pfA8EEyruuxAgJiZHrfFPNAmhv7P 2 500.00000000 BITG 280.50000000 BITG Details
BITG GeZkTNi7HP7fGoikmdCigEpKrMDRJVjjLv 2 500.00000000 BITG 357.00000000 BITG Details
DEV dXgMHChafT9sSBGZmjn2ekheThCkN94sQe 5 000.00000000 DEV 1 106.99999925 DEV Details
DEV dS5FbGZFiaqQQbWqPUz3CUMntaHyhQkvyU 5 000.00000000 DEV 1 180.79999920 DEV Details
XZC a4b7mD3YySQ529M2UyFjEVJqUubsNUm2BK 1 000.00000000 XZC 52.50000000 XZC Details
XZC aEffBXfjzDX9Sr3LxEkY4d7ANcJvAbb5bS 1 000.00000000 XZC 45.00000000 XZC Details
XZC a3mSPn6wHSXVt3CCvJMeC82fMcunvXCyUt 1 000.00000000 XZC 52.50000000 XZC Details
BITG GLkCqNzHhVVkYTukUyNzQpafZAiYGCKYpz 2 500.00000000 BITG 620.50000000 BITG Details
BWK bNLibbj2bDTdgXRPy3vbxEUL23iPhbef5K 5 000.00000000 BWK 1 167.96875000 BWK Details
BITG GVMbEzAUnCsjDD7Y4udzTE7StnmbpvnDWR 2 500.00000000 BITG 637.50000000 BITG Details
BITG GHr9xk95H7rdzoayswrkHcbpJebnvTgocW 2 500.00000000 BITG 714.00000000 BITG Details
BITG GfeC9YFvjap5VAd6gafSSwrZQ765dYasoy 2 500.00000000 BITG 688.50000000 BITG Details
BITG GMgtSyxe6qjwS2P1kAEiVrqwpXSMHzMHK6 2 500.00000000 BITG 731.00000000 BITG Details
BITG GMUZZHAAtXi887N18hQCwnkJ9hKipHcSpg 2 500.00000000 BITG 714.00000000 BITG Details
BITG GP5jCMt5jGBUzHBM5iuyD2jkCprorsTvCK 2 500.00000000 BITG 671.50000000 BITG Details
BITG Gfy218fy3jcrRnsnzzjUTaGpnkQPYfFeW7 2 500.00000000 BITG 722.50000000 BITG Details
BITG GRP6t4xe9jDnYB4qY9AXLYYjEwFqtvYgyi 2 500.00000000 BITG 748.00000000 BITG Details
DEV dQsGqgfdafATmVLt1MF9Wb7uqVnzaL339z 5 000.00000000 DEV 1 756.43999881 DEV Details
BITG GJ3hrHCcJgbxL7PXZ8CmGdLsXxh7z2k6kJ 2 500.00000000 BITG 952.00000000 BITG Details
BWK bMWHDymRWpkgd98RfULDMymqozSShiqsHD 5 000.00000000 BWK 1 635.15625000 BWK Details
DEV dbJidr1554QRJaeYyxohg3cWiNCh3HqHhM 5 000.00000000 DEV 1 933.55999869 DEV Details
DEV dLYgh3N76uRcZBw3qdnX4SYddDuQV62AbE 5 000.00000000 DEV 2 228.75999849 DEV Details
BITG GdgxovqcWqoEeVVDBsE4GHGaCkkSuCtFW3 2 500.00000000 BITG 1 156.00000000 BITG Details
XZC aExi4PdDADw6pqnzt9QBUfpGKSDbQb2eBg 1 000.00000000 XZC 97.50000000 XZC Details
DEV dTd1ShAyMLKyyHiL2qBCJrPhv2iocW8ho2 5 000.00000000 DEV 2 656.79999820 DEV Details
DEV dLBwa69woDtpdrk3Six9nbjaxEfToCgxr4 5 000.00000000 DEV 2 671.55999819 DEV Details
BITG GbTXMSHvskrG5QhS51uD5GwJY8FJss8oyf 2 500.00000000 BITG 1 394.00000000 BITG Details
BITG GKA2ZbL27To9PB9d9RMYp3v5rX8DfGNkS5 2 500.00000000 BITG 1 428.00000000 BITG Details
BITG GKhtsfXebZpGLm7pHmkp141SYBC7ghqEAD 2 500.00000000 BITG 1 445.00000000 BITG Details
XZC aDVuNKtfTJcHyffAqhmD2cckS3LGUSTKhm 1 000.00000000 XZC 105.00000000 XZC Details
XZC a76Jq4z8FrNPiiKioBcjHZupxjnqUW25xm 1 000.00000000 XZC 112.50000000 XZC Details
XZC aCTmSPsKcxYodJpUZdEDmBpwSLhJ21pqcx 1 000.00000000 XZC 120.00000000 XZC Details
XZC aLACjRUPwwaWPrVhmRdNHWN26uSfmb7Exz 1 000.00000000 XZC 105.00000000 XZC Details
BITG GUUytTts26XqcgAXiLVgRrPbiSPZ9NCvcM 2 500.00000000 BITG 1 445.00000000 BITG Details
BITG GSRvsJHQYKqPJkeu3yh6jyAFf5nb36iyjJ 2 500.00000000 BITG 1 462.00000000 BITG Details
DEV dFEiHvqbK5ijGbMtwpP2BxkmuwtSaijKr8 5 000.00000000 DEV 2 796.11999813 DEV Details
XZC a3EnPD6yRhf198HRXF4YacVxXVEHwBD2PB 1 000.00000000 XZC 120.00000000 XZC Details
XZC aGtRwoxhC77Y8hGPsmYVJcjsEwSjDPP69k 1 000.00000000 XZC 90.00000000 XZC Details
BITG GLuzBUEVofxbpPbQfd4BPP6NXq439vbVKB 2 500.00000000 BITG 1 564.00000000 BITG Details
DEV dKtY1PaaHN5g5xK9uwTN7caDxjRaQ6TN4u 5 000.00000000 DEV 3 169.27999811 DEV Details
DEV da9thCxfCTqA27AREncj2kLSAG3K2aDgnU 5 000.00000000 DEV 3 197.15999809 DEV Details
PIVX DN9MzfAFxMifMgR9eBjwQuspQV5e8bLHmF 10 000.00000000 PIVX 830.00000000 PIVX Details
BITG GVa6wc8hNAPeufbEpswex6nNJ7wU7Lz6QD 2 500.00000000 BITG 1 564.00000000 BITG Details
BITG GeG8EwMHEfftLN4DE3PE9ZFeC9hv5EMW3s 2 500.00000000 BITG 1 521.50000000 BITG Details
DASH XukU8ahogyk5gLmMBvY5HBT9xPs6zD5VPw 1 000.00000000 DASH 45.50385609 DASH Details
DEV dXpnWJoeEApEBNPogoyAjQdjKEMZ47eBji 5 000.00000000 DEV 3 395.15999809 DEV Details
DEV dN1bynkVEdG8aAqTQ45G8wb5U6dtMh58uT 5 000.00000000 DEV 3 347.63999811 DEV Details
DEV dKnD7jS33EqXRG7ybHgNLD47dDe4HrjNyN 5 000.00000000 DEV 3 324.59999815 DEV Details
DEV dVhmAs6uxpZ6ygHyShSczBNpQkMAmwJXUU 5 000.00000000 DEV 3 404.87999812 DEV Details
DEV dYm799sdHrsDKCfodug7H1NLy2kQauphNF 5 000.00000000 DEV 3 419.63999811 DEV Details
BITG GLP71ng2CrsQx7rKzua1ZYWDD1eToZfJ9G 2 500.00000000 BITG 1 700.00000000 BITG Details
XZC aCYsjQd3tHN7Jj1cLxmv3wYzfA8Ds5JLaM 1 000.00000000 XZC 135.00000000 XZC Details
DEV dQqnxY2ZoFKySt2cTCtTF4VSGpyHB3FJDw 5 000.00000000 DEV 3 506.39999810 DEV Details
XZC a5f9TrYg114q1fJAQduZrBpUShnCkhGcXt 1 000.00000000 XZC 120.00000000 XZC Details
XZC aAWeSjPwpjbHSMxrBDwfmUvR2RuwxjoBfG 1 000.00000000 XZC 150.00000000 XZC Details
XZC aDYUQTpRJWRCUSQXodY2ajaD2Gh328m8Kq 1 000.00000000 XZC 135.00000000 XZC Details
BITG GKBWBFBnUwycPd8N9sBAJtdMaNnWAqxC1V 2 500.00000000 BITG 1 623.50000000 BITG Details
XZC aMpzowmebiRxuc49C9Lnu72bAFDAAJeAzi 1 000.00000000 XZC 187.50000000 XZC Details
Currency Deposit Address Masternode Amount Amount Generated

Good Practices on shared masternodes platform

Thanks to all the information we gave you above, you hopefully understand how shared masternode works. However, you also need to know about good practices to make your investment safer.

First of all, never leave too many coins in your online wallet. The amounts invested are unreachable by the public network, but the small part of the non invested coins in the users wallets (hot wallet), are connected to internet. Security is our top priority. WESTAKE put all it’s efforts to offer you the most secured shared masternode plateform exisiting online. In other words, we advise you to either re-invest your rewards in shared masternodes or simply withdraw your coins on your favourite hardware wallet like Trezor (link) or Ledger. As for any online crypto services where funds could be kept in a hot wallet(exchanges, online wallets, shared masternodes platforms), always think cold wallet / hardware wallet.

Finally, keep in mind that taking part in a shared masternode represents a financial investment. Only invest the funds you can afford to lose and never invest money you need to live.

Those best practices will keep you worryless while investing in shared masternodes.

WESTAKE is making your coins work for you!

What is a Hosting Masternode?