August's Steemsilvergold Crypto group buy - Condominium (CDM)

silverstackeruk (70)in #steemsilvergold • 6 years ago (edited)

Hello Steemsilvergold and welcome to August's buying post for the monthly crypto group buy. This month, we have decided to take a gamble and go for a Condominium (CDM) masternode. Because of the way masternode payouts for this coin are planned, this will be the only community group buy i host for this coin. In other words, if you are interested then now would be the time to get rich with the rest of us. (fingers crossed)

We all know the routine by now but for these that dont, there is some brief market information about Poet below, please do your own research before buying. If you are interested, you have until this post ends to contact me in the comments below to get your order added. All you do is, tell me how many your after. When this post ends, i will work out a cost per lot into Steem and collect payments.

What can i say. I have spent 90% of my time looking at payouts and working on the best strategy to compound our coins into more masternodes and 10%(at best) looking into the actual coin. It's a rookie mistake but this is a coin i hope we can get in, make a killing and exit. Because of the masternode payout plans, we only need to know what they have planned for the next 6-8 months and then we will be outta there. The coin itself is very new only listed on marketcap for 2 weeks. They claim to be a global decentralized network to plan your travel itinerary.

The Plan

To host a Condominium (CDM) masternode, we would need 50,000 CDM coins which costs around $400 at the minute. We can also use stakinglabs to compound coins and approve our ROI and get us more masternodes quicker.

1/ Host our own masternode
2/ Move daily profits into StakingLabs shared node's until we build 50,000 to be prepared for when the masternode collateral increases to 100,000
3/ Convert the rest in BTC/STEEM and hodl
4/ Rise and repeat every level until block number 500,000
5/ Cash out and decide what to do by community vote.

We are now on block 97993 with a new one being mined every minute. Using the screenshot above we can see that the payout is currently 4000 CDM per masternode of 50,000. If you look at the collateral on the right hand side you can see that the amount of CDM you must own increases. When block 150,000 is mined, the amount for a masternode will increase to 100,000 CDM. This is abit of a downer, they increase the payout for each master by 25% but you need twice as many to run a masternode.

With a block per minute which is 1440 blocks per day, we will hit block 150,000 in around 35 days giving us lots of time. I would plan to hold this coin until they hit block number 500,000 when the rewards drop like stone and get it outta there to run to the mountains which a stash of BTC. Maybe even block 450,000 before the herd start selling. Block 500,000 will come in around 280 days.

Pricing into lots

Condominium is currently trading at $0.008 so i think lots of 500 which would be 1% of a masternode costing around 4ish STEEM would be the way to go. The process of the buy will be to send Steem to binance (cheaper than blocktrades) convert that in BTC and do the buy from cryptobridge. As there are a few coin exchanges and fees to pay in there, i will most likely round the number up when it comes to buy time. PLEASE DO DID PAY BEFORE THE 20TH

How we can do this

I will run the buy from this post and buying will last for 1 week. We can buy them in batch's of 500 which would cost around $4.00 at today price. Pretty straight forward. The buying post runs for 1 week, people can come and join the group buy through the comments, i will edit in the table to confirm your order is locked. After the 7 days are over i will go to cryptobridge and see the total order cost in BTC/EHT to confirm which is cheaper. I will make a quick post to confirm the buy is over, tag each person who is part of the buy and include how much each batch costs in Steem. I have a small float to cover some people if they are unable to pay for a few days but the sooner the better in regards to payment.

After the buy is complete

After everything has been paid for and the coins are being staked, i will make an update post to confirm everything is in place. I will continue to maintain this masternode and make any wallet are VPS updates needed while compounding masternode payouts. Each masternode we host costs $5 per month, i will pay these costs until we decide to sell when i will claim the monies back. Apart form that, once your in, your not getting out. We all join together and sell together.

August's buy table for Condominium (CDM)

Each batch is for 500 coins which is 1% of a node. At today's price, that is around 4 STEEM. We have no problem hosting more than 1 masternode are even parts of masternodes so full your boots cause this post will run for a full 7 days.