There is a growing subset of cryptocurrencies known as masternode coins. Masternode coins operate similarly to Bitcoin and other cryptocurrencies but with one notable
difference; they utilize masternodes as opposed to full nodes. This offers a range of functionality not provided by other cryptocurrencies including instant payments, anonymous
transactions, and more.
As a reward for providing these valuable services to the network, masternode operators are compensated in the form of block rewards, similar to cryptocurrency miners. For instance with the masternode coin Dash masternode operators earn the same reward as miners, or 45% of the total block reward.
Masternode coins are becoming more and more popular since the success of Dash. Nukleus sees the potential of masternodes coins as well as the difficulties for users to operate masternodes to make profit — high technology threshold and high demand for money. It aims to create a platform where people can launch masternodes quickly and at a low cost. With the features of one-click masternodes, low-cost masternode hosting and masternode pools, it makes masternodes totally accessible for every level of cryptocurrency user.
What Is A Masternode?
Bitcoin nodes help in enforcing various rules like checking data format and signatures and other rules. If a block or transaction violates these rules, it is rejected even though it may appear valid to other nodes within the network. Just like a full node, a masternode represents the servers that reinforce a cryptographic blockchain network. Dash is credited as one of the first cryptocurrencies to implement a masternode framework into its crypto protocol.
In simpler terms, a masternode is a computer server that is set up to help serve the end users of a certain cryptocurrency. In the case of Dash, the masternodes help enable various services like PrivateSend, InstantSend and the Treasury System. Other cryptocurrencies are planning to use their masternodes for hosting decentralized applications among other essential things.
Masternodes can be very profitable to run — see ROI https://masternodes.pro/
While operating a masternode can be profitable and fulfilling for venturing cryptocurrency supporters and enthusiasts there are some challenges to getting started: Launching a masternode is a highly technical process and goes beyond the scope of most users’ abilities; Launching a masternode requires a minimum holding, or stake, of coins to get started. This stake can require 10’s to 100’s of thousands of dollars.
The Nukleus platform solves the two big obstacles preventing more users from launching masternodes: One-click masternode hosting allows users to launch a masternode with incredible ease — no advanced technical ability required; Masternode pools allow users to pool their masternode coin holdings with other users to launch a masternode. Now users with any amount of masternode coins can enjoy the benefits of running a masternode.
Despite the benefits of a high earning potential, it can be quite costly to set up a masternode on your own. Additionally, you also have to deal with the highly technical nature of setting up these masternodes. These two challenges have prevented many potential investors in investing in masternodes, thus affecting the scalability of cryptocurrencies. Nukleus now has the solution to these two challenges with its convenient one-click masternode setup.
THE NUKLEUS PLATFORM
The Nukleus platform provides solutions to the two biggest challenges of running a masternode: technical difficulty and high up-front costs.
Nukleus makes running a masternode easy enough for anyone. By providing a user-friendly interface layer the need for strong technical skills is removed. Behind the scenes our flexible infrastructure and scalable distributed network ensure maximum performance and reliability.
LOW-COST MASTERNODE HOSTING
They will provide the lowest cost masternode hosting possible. Pricing will be a low flat fee and never cost any percentage of your masternode proceeds. This is possible due to economies of scale from our large enterprise as well as proceeds from Nukleus’ operating stake in masternode pools, which will
subsidize our infrastructure overhead.
As discussed masternode coins require users to hold a specific amount of applicable coins as collateral in order to run a masternode. In the case of Dash users must hold 1,000 coins, which have been as expensive as $1,500+ each.
Nukleus solves this problem with masternode pools, which allow users to pool their masternode coin holdings with other users. As a result someone with only a small number of coins can own a stake in a masternode. This makes masternodes totally accessible for every level of cryptocurrency user.
The Nukleus ecosystem currency is the Nukleus token (NUK), Ethereum based, ERC-20 compatible token, where 1 NUK = 0.000004 ETH on pre-sale, and 1 NUK = 0.000005 ETH on sale. NUK will be utilized to get access to services provided on the platform, to access masternode hosting, and to take part in group masternode pools. A limited number of tokens will be issued amounting to 21,000,000,000 NUK.
· To support a crypto network exclusively when compared to other network strategies.
· To generate a financial return to satisfy the end user.
December 2017 — January 2018 — Idealization, team assembly, infrastructure & security planning, begin development.
February — March 2018 — Web v0.1 launched, community engagement, whitepaper finalization, local language support, final legal work, token audit.
April — May 2018 — Web v1.0 launched, Nukleus closed beta, airdrop registration, early token sale.
June — July 2018 — Nukleus open beta, airdrop, and regular token sale.
August — December 2018 — Nukleus release candidate, expanded international support.
2019+ — Continued expansion, product development.
Dustin Flick — Founder
MBA, Enterprise Systems, The University of Texas at Dallas — School of Management
Tanvi Kapoor — Project Manager
Master’s Degree, Biotechnology and Bioinformatics, Padmashree Dr D. Y. Patil Vidyapeeth
Basit Raza — Full Stack Developer
Bachelor’s Degree, Computer Software Engineering, Allama Iqbal Open University
Sourabh Kapoor — Full Stack Developer
MS in Computer Science
Gautam Ahuja — UI/UX
B.sc (Animation and Multimedia), Graphic Design, Birla Institute of Technology, Noida
Aashiya Tongia — Marketing Manager
Margarit Karapetyan — Russian
Bachelor of Science, Business, Management, Marketing, and Related Support Services, Linnaeus University
Laura Garcia — Spanish
Wanderson Costa — Portuguese
Bachelor’s degree, Bachelor of Information Systems, Cenecista of Seven Ponds
Jessica Yew — Chinese
Bachelor’s Degree, Accounting, Sunway University College
Token Type: ERC20
Available for sale: 14,700,000,000 NUK (70 %)
Total supply: 21,000,000,000
Pre sale: June 1, 2018 — June 30, 2018
Pre-sale Price :1 NUK = 0.000004 ETH
Sale: July 1, 2018 — July 31, 2018
ICO Price: 1 NUK = 0.000005 ETH
Accepting: ETH,BTC, Fiat
Soft cap: 6,250ETH
Hard cap: 62,500 ETH
Restricted areas: China, North Korea, South Korea, Iran
Nukleus Final Thoughts
Nukleus aims to make masternode operation easier, less technical and more accessible to users regardless of how many coins they have. These benefits are achieved by the provision of various helpful features like one-click masternodes, cheap hosting and also masternode pools. For these reasons, Nukleus is worth a look for anyone interested in investing in masternodes.
Marko Vidrih @cryptomarks
@cryptomarks (@VidrihMarko) | Twitter
The latest Tweets from @cryptomarks (@VidrihMarko). Cryptocurrency trader, Researcher, Investor and Crypto enthusiast…
The latest posts from Marko Vidrih. Follow me at @cryptomarks. Crypto, Bitcoin, Blockchain
BitcoinTalk profile: https://bitcointalk.org/index.php?action=profile