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.
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 $43 365.24 for Dash or $49.59 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.
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.
|Currency||Deposit Address||Masternode Amount||Amount Generated|
|PIVX||---||10 000.00000000 PIVX||0.00000000 PIVX||Details|
|BITG||---||2 500.00000000 BITG||0.00000000 BITG||Details|
|BITG||GcknFiCVReqWwz3qgEjpwSdpLQ49V7TXbA||2 500.00000000 BITG||38.25000000 BITG||Details|
|BITG||GK5AoQUJCWsSx12ebxEiKfRRSFF3fRACJt||2 500.00000000 BITG||38.25000000 BITG||Details|
|BITG||GbzapFwKMZsX3K9eiT4xUy7up8GMGEekbj||2 500.00000000 BITG||38.25000000 BITG||Details|
|BITG||GJKisq32QieuW53dNeBwzhb7ySVi7W4GQ5||2 500.00000000 BITG||93.50000000 BITG||Details|
|XZC||a9z4tv63cZQ7WiVhoduYJqaZLnXsJnR3iY||1 000.00000000 XZC||22.50000000 XZC||Details|
|BITG||GNYJfctcvaW7GSZUh7hSppnDsptZBGrbUx||2 500.00000000 BITG||95.20000000 BITG||Details|
|BITG||GSzwLemC9SwzFRZDAGxyiBXy9pbqE9sGz1||2 500.00000000 BITG||95.20000000 BITG||Details|
|BITG||GdDrXvSvfLVcRVoieLj6jbUDKonk638iWT||2 500.00000000 BITG||113.05000000 BITG||Details|
|BITG||GVHfjMhZJQCPKatZ3xtSZ5pHNypCc5oUFn||2 500.00000000 BITG||100.30000000 BITG||Details|
|BITG||GMGb73FRw6Ri3ugAngbcmfcCsAxz1ZzX6x||2 500.00000000 BITG||162.35000000 BITG||Details|
|BITG||GfLDLAsdANeQ3RJWTAuq2wsNwPLmPTi5TU||2 500.00000000 BITG||241.40000000 BITG||Details|
|BITG||GdDdscYNvBk9YckS2gQ8XRmuCSXaNZHDR2||2 500.00000000 BITG||271.15000000 BITG||Details|
|XZC||a5JT7nnP53kLJcg71g4mCMtWyvckxMH1um||1 000.00000000 XZC||67.50000000 XZC||Details|
|BITG||GXe8s5pfA8EEyruuxAgJiZHrfFPNAmhv7P||2 500.00000000 BITG||505.75000000 BITG||Details|
|BITG||GeZkTNi7HP7fGoikmdCigEpKrMDRJVjjLv||2 500.00000000 BITG||571.20000000 BITG||Details|
|XZC||a4b7mD3YySQ529M2UyFjEVJqUubsNUm2BK||1 000.00000000 XZC||112.50000000 XZC||Details|
|XZC||aEffBXfjzDX9Sr3LxEkY4d7ANcJvAbb5bS||1 000.00000000 XZC||105.00000000 XZC||Details|
|XZC||a3mSPn6wHSXVt3CCvJMeC82fMcunvXCyUt||1 000.00000000 XZC||112.50000000 XZC||Details|
|BITG||GLkCqNzHhVVkYTukUyNzQpafZAiYGCKYpz||2 500.00000000 BITG||810.90000000 BITG||Details|
|BITG||GVMbEzAUnCsjDD7Y4udzTE7StnmbpvnDWR||2 500.00000000 BITG||809.20000000 BITG||Details|
|BITG||GHr9xk95H7rdzoayswrkHcbpJebnvTgocW||2 500.00000000 BITG||928.20000000 BITG||Details|
|BITG||GfeC9YFvjap5VAd6gafSSwrZQ765dYasoy||2 500.00000000 BITG||885.70000000 BITG||Details|
|BITG||GMgtSyxe6qjwS2P1kAEiVrqwpXSMHzMHK6||2 500.00000000 BITG||963.05000000 BITG||Details|
|BITG||GMUZZHAAtXi887N18hQCwnkJ9hKipHcSpg||2 500.00000000 BITG||930.75000000 BITG||Details|
|BITG||GP5jCMt5jGBUzHBM5iuyD2jkCprorsTvCK||2 500.00000000 BITG||884.85000000 BITG||Details|
|BITG||Gfy218fy3jcrRnsnzzjUTaGpnkQPYfFeW7||2 500.00000000 BITG||936.70000000 BITG||Details|
|BITG||GRP6t4xe9jDnYB4qY9AXLYYjEwFqtvYgyi||2 500.00000000 BITG||952.85000000 BITG||Details|
|BITG||GJ3hrHCcJgbxL7PXZ8CmGdLsXxh7z2k6kJ||2 500.00000000 BITG||1 181.50000000 BITG||Details|
|BITG||GdgxovqcWqoEeVVDBsE4GHGaCkkSuCtFW3||2 500.00000000 BITG||1 397.40000000 BITG||Details|
|XZC||aExi4PdDADw6pqnzt9QBUfpGKSDbQb2eBg||1 000.00000000 XZC||157.50000000 XZC||Details|
|BITG||GbTXMSHvskrG5QhS51uD5GwJY8FJss8oyf||2 500.00000000 BITG||1 634.55000000 BITG||Details|
|BITG||GKA2ZbL27To9PB9d9RMYp3v5rX8DfGNkS5||2 500.00000000 BITG||1 586.10000000 BITG||Details|
|BITG||GKhtsfXebZpGLm7pHmkp141SYBC7ghqEAD||2 500.00000000 BITG||1 658.35000000 BITG||Details|
|XZC||aDVuNKtfTJcHyffAqhmD2cckS3LGUSTKhm||1 000.00000000 XZC||157.50000000 XZC||Details|
|XZC||a76Jq4z8FrNPiiKioBcjHZupxjnqUW25xm||1 000.00000000 XZC||135.00000000 XZC||Details|
|XZC||aCTmSPsKcxYodJpUZdEDmBpwSLhJ21pqcx||1 000.00000000 XZC||142.50000000 XZC||Details|
|XZC||aLACjRUPwwaWPrVhmRdNHWN26uSfmb7Exz||1 000.00000000 XZC||135.00000000 XZC||Details|
|BITG||GUUytTts26XqcgAXiLVgRrPbiSPZ9NCvcM||2 500.00000000 BITG||1 643.90000000 BITG||Details|
|BITG||GSRvsJHQYKqPJkeu3yh6jyAFf5nb36iyjJ||2 500.00000000 BITG||1 691.50000000 BITG||Details|
|BITG||GLuzBUEVofxbpPbQfd4BPP6NXq439vbVKB||2 500.00000000 BITG||1 803.70000000 BITG||Details|
|PIVX||DN9MzfAFxMifMgR9eBjwQuspQV5e8bLHmF||10 000.00000000 PIVX||1 364.00000000 PIVX||Details|
|BITG||GVa6wc8hNAPeufbEpswex6nNJ7wU7Lz6QD||2 500.00000000 BITG||1 796.90000000 BITG||Details|
|BITG||GeG8EwMHEfftLN4DE3PE9ZFeC9hv5EMW3s||2 500.00000000 BITG||1 769.70000000 BITG||Details|
|DASH||XukU8ahogyk5gLmMBvY5HBT9xPs6zD5VPw||1 000.00000000 DASH||76.59082369 DASH||Details|
|BITG||GLP71ng2CrsQx7rKzua1ZYWDD1eToZfJ9G||2 500.00000000 BITG||1 904.00000000 BITG||Details|
|XZC||a5f9TrYg114q1fJAQduZrBpUShnCkhGcXt||1 000.00000000 XZC||142.50000000 XZC||Details|
|XZC||aAWeSjPwpjbHSMxrBDwfmUvR2RuwxjoBfG||1 000.00000000 XZC||202.50000000 XZC||Details|
|XZC||aDYUQTpRJWRCUSQXodY2ajaD2Gh328m8Kq||1 000.00000000 XZC||202.50000000 XZC||Details|
|BITG||GKBWBFBnUwycPd8N9sBAJtdMaNnWAqxC1V||2 500.00000000 BITG||1 790.10000000 BITG||Details|
|Currency||Deposit Address||Masternode Amount||Amount Generated|
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.