Passive income.
Ah, yes, every investor's dream, but it's not quite
as easy as falling asleep and waking up richer.
You have to understand how it works.
Let's discuss everything you need to know in
order to earn up to $50 per day.
Passive income with crypto Masternodes
and more importantly, what you need to avoid.
This isn't like crypto trading or meme coin investing.
It's more similar to staking, but with a
few extra steps and some potential additional opportunity.
Breaking this down, staking is the process of
locking up your cryptocurrency in a stakepool that
helps facilitate transactions on a blockchain network.
With staking, you're essentially locking up your money to
show that you have good Intentions for the network.
You're then paid staking rewards as a lottery
in proportion to how much you've locked up.
This works extremely well because it's simply too
expensive for a bad actor to lock up
their own money for scheming purposes.
Now, there's a few variations to the idea,
but in general, this is how it works.
The first tier does basic transactions
through mining, computer solving hash problems,
to mint new blocks of transactions.
But then there's a second tier
on top of that, masternodes.
These are people who stake crypto and run
some software on the computer to enable things
like instant transactions, voting, and privacy transactions.
Each time a masternode helps out with the service,
they get a portion of a mining block reward.
So even easier, you can think
of it like a small business.
A blockchain like Dash is looking for
contractors who can offer a few services.
Master notes provide those services for a fee.
Now the question is,
But before we can talk profits, we need
to understand how to become a masternode.
Well, first,
again, this is what proves
that we have good intentions and can be
trusted to process these precious transactions.
The return on investment is then
determined by the amount of block
rewards generated on that specific blockchain.
The return that you receive is
totally dependent on the network.
A more popular network will have
more action and pay more, generally.
However, rewards aren't unlimited, so the
more nodes on the network mean
a potentially lower return on Investment.
But that's not all bad
because that also signifies stability.
So there's a lot of pros and cons that
need to be measured when looking at masternodes.
Now, the cost to set up a masternode
also varies wildly from coin to coin.
If you want to operate a Dash masternode, which
is the most popular type, you need 1000 DASH.
And at over $100 per coin, we're talking $100,000 just
to get set up not feasible for most people.
And believe it or not, this has actually gone down.
Back in 2017, it was $1.6 million
to purchase one Dash node.
But don't worry, there are other far, far cheaper options.
Before I cover a list of masternodes with high potential,
I need to show you the most important masternode
do's and don'ts because there are a lot
of scams and just bad investments out there.
So first, always check the development team
and the overall reputation of the project.
Are they docked?
Do they have experience?
What can you find out about the team?
In my opinion, this is an area where
you want to focus on more established players.
Also, does the team actively work on the project?
Can you see any updates on GitHub
or some other project management website?
If no, that could be a red flag.
Then check what does the social media looks like?
We live in a world, especially with
crypto, where social media is very important.
If they have no active presence, they
might as well be a dead project.
If they open a discord channel but aren't interacting
with the potential investors of their project, it's best
to just go ahead and invest elsewhere.
Then it's crucial to consider comparison metrics.
This website masternodes.online
will be your best friend here.
They tell you trading volume, ROI, the price to
get in, and requirements for tons of different nodes.
The key is to find a
node that balances the different qualities.
So for example, if we filter by minimum node
cost, we can see that there are options for
as low as a couple of dollars.
However, many of them have near
zero volume, so they aren't ideal.
Or you can sort by return on investment, but
the highest results here generally have tiny market caps and
you could be subject to a ton of volatility.
The last thing you want to do is buy
a ton of one token, start a node and
then the price gets cut in half overnight.
I mean, imagine those poor souls who held
Dash when it was over $1,000 a pop.
So take my advice here and only invest money in
one of these that you can afford to lose.
Now from here I recommend checking out the link
in the description for iTrust. With iTrustCapital,
you can actually place your crypto
in a Roth retirement account.
What that means is you can buy, sell and trade to
your heart's content and pay no capital gains on your wins.
This is amazing for traders. With a Roth you
pay your tax upfront when putting money in the
account and then at retirement you pay no tax
once you start pulling out at age 59 and a half.
This is probably the most simple way
to save on all capital gains.
iTrust will be linked in the description and if
you use that link to open an account, you'll
receive $100 in Bitcoin for free just for joining.
Now something else that doesn't get
talked about enough is purpose.
You should ask yourself,
Creating a coin for the sake of it going up
in price is not reason enough for it to succeed.
The developers need to have a reason, and the
project needs to solve a problem because you want
to invest in something that has long term potential.
Even if you're investing for a short term, you want
it to be viable for the long term as well.
With thousands of crypto projects on the market,
several viable projects may be working on the
same problem, and that's fine, but just be
sure to check out the competition.
There are thousands of potential projects.
You can learn a lot about this
by checking out a project's white paper.
And because I know this might be a bit
overwhelming, I made a full checklist of criteria to
look out for with masternodes that will be
available for free in the description below.
Now let's talk about some masternodes across
the spectrum that are available right now.
Of course, none of this is financial advice.
First, like anything in crypto, you have
your more high risk degenerate options.
Here is Dash Diamond, not to be confused with Dash,
which is a totally different team. At current market prices,
DASHD is one of the cheapest masternodes with
a high ROI, but it's important to remember that this
can change and a high return
generally means more risk.
This is no exception to that rule.
To set up a DASHD masternode,
you'd be looking at a minimum investment of
about $3,600 for the required 7000 coins.
This node currently yields 336% annually, which
translates to a daily passive income of
$30 or just under $1,000 a month.
Now, of course, this is still subject to a
ton of volatility, so please do your own research.
This is a high risk option, and don't worry
if that's a little too expensive for you.
We'll have a cheaper solution in a minute.
But first we want to cover a more
name brand option, Flux, who claims to be
the Amazon Web Services player of the blockchain.
They help developers build
and launch decentralized applications.
Flux nodes are offered in three categories.
The Stratus is very expensive at
around $145,000 for a single note.
This pays roughly $46 per day.
Cumulus, on the other hand, costs around
$15,000 and pays $5 a day.
So yeah, that's expensive, unless your last name
is like Rothschild or something like that.
But if that's the case, you're
probably not watching this video, let's be honest.
The good news is there's
a workaround: masternode pools.
These let you combine funds with other people
to hit dollar requirements to be a Masternode.
Then when the Masternode receives a reward, the
reward is just split between the participants in
the pool proportional to each member's stake.
So if 50% of the pool's money is
your money, you'll receive 50% of the rewards.
An operator will typically run a pool and the software required
for a small fee, so you can just sit back and
let those rewards roll in that juicy passive income.
This is very similar to a stake pool operator.
I actually have experience in
this on the Cardano network.
I'll have information linked in the description
on staking ADA if you're interested in
that or how that process works.
Something to double check when joining a pool is to
see what access pool operators have with your funds.
I say this because there are hundreds of Masternode
projects and rules can change from project to project.
If you don't want to worry about that, you
can use a service that does this for you.
But then there's another type of node that's
been building popularity over the last year or
so, and that is Node as a service.
This is basically paying a small fee for
a company to run node infrastructure for you.
Well, you can earn money.
The most popular and sometimes controversial
player here is StrongBlock.
In order to run a Masternode
here, you need ten STRONG tokens.
One Masternode here earns about 0.1 STRONG tokens.
per day or about $26 daily.
So less than $6,000 invested could yield $50 daily.
But it's important to note
that this is always fluctuating.
Also, the exact return on investment depends on the
amount that you have invested because Ethereum gas fees.
The reason that this project is controversial is because under
the current model, new investors are needed to pay for
existing ones, leading people to think that this is kind
of like a Ponzi scheme with more steps.
And the thing is, I could argue both
that this is and isn't a Ponzi.
That's kind of true for a lot of things
in crypto, but the bottom line is, under the
current model, there are hints of Ponziness,
but the team is exploring ways to make the system
more sustainable without needing new users, which I think would be
a great idea if they can figure that out.
Either way, people all over are
making money with Masternodes.
Even Tom Holland. Not that one, this one.
This not so well known Tom,
makes $15,000 a month from crypto in
passive income, the majority being from Masternodes.
The biggest opportunity with Masternodes will come to
the people who really understand the underlying tech.
But don't worry if you feel overwhelmed by all of this.
It's overwhelming.
It can pay good money, sure, but crypto is a big space.
There are plenty of more simple ways to
earn passive income, whether that be lending, regular
staking, bots or a variety of different ways.
You can check out the video on
screen for more passive Income ideas.
Also, if you'd like to see exactly
what I'm investing in, check out the
link in the description for my Patreon.
There you'll find all of my buy alerts, free coaching
every single day, research and a whole lot more.
It's an insane amount of value for
only a few dollars a month.
I'd like to thank you so much for watching
and I hope you have a profitable day!