Can RENOS be “THE” future of Master nodes Project in Cryptocurrency?
Although we have witnessed in Cryptocurrency projects which offer Maternodes in order to seduce investor with the promise of passive income, the great majority tend to give up on the idea as soon as the price drops putting the project slightly behind its goal or ending up getting forgotten. Dash perhaps might be the longest project supporting such idea. However, the cost to purchase a Masternode is way beyond anyone’s budget, currently sitting at £155.00 per coin, it would cost a stunning £155k to take part in such investment.
Similar project came from its fork, called PIVX which also offers Masternode to its supporters. Although the current price is rather low at £1.37, Maternodes are requested to obtain a minimum of 10k of PIVX which comes to nearly £14k. A price that would be just too high for young investors, even those who fear to miss out on the next Dash. Furthermore, there were quite few mixed reviews regarding its returns which kept investors away and the price low, producing then a catch 22 scenario.
Another project which tried to make the most of both potential project and solve all those issues was the recent creation of Chaincoin. Offering affordable Masternodes, profitable returns and great value for money. Too good to be true? Maybe, few weeks ago when Max Lee, a YouTuber with nearly 400k subscribers on his main channel took the lead of the project and created the “ChainCoin Hodlers Movement” it increased the price of the coin rather drastically. It went from £0.06 to £5.08 within one week. Perhaps the biggest P&D event in the history of Cryptocurrency. However, as a consequence, the project nearly died and Max Lee was accused of manipulating the price by its community hence lost quite few followers.
The new kid on the block saw those hiccups in time to produce what some say is the next serious project of its kind. Renos is democratically run, where you, the stakeholders, have a real voice on its project. Rather than simply pay dividends to the holders, Renos will reward its members who not only stake, but run a masternode. A Renos masternode is about more than just short-term rewards, it provides you a place in the community where you are not just another member you will have voting rights to determine the future of the coin. Your node also serves as another point of contact for our network. Taking such attitude, Renos promises to strengthen its community in a way never witnessed before.
Moreover, at 3000 RNS required to run a Masternode at the current price of £0.03 per coin, it makes almost impossible not to jump in the project.
Premine: 34,000,000 RNS (AIR DROPPED TO COMMUNITY)
Algo: X11
POS static reward: 3 RNS per block.
Min stake age: 6 hours.
Block time: 90 seconds.
MasterNodes: 30,000 RNS per node, 70% of each POS reward will be given to Masternodes.
Coinbase Maturity: 50
P2P Port: 57155
RPC Port: 57154
Rinos is expected to be added onto Bittrex by beginning of September when price is most likely to increase and locate the project head to head with the “Elite Coins”. The project has been praised for its whitepaper and road maps, which leads some to believe that it might be truly the truly juggernaut ready to rise.