Masternodes are a type of passive investment, which is specific to cryptocurrency.
Many people don’t understand what is a masternode. 🤷♀️🤷🏻♂️😩😩
So don’t feel bad if you don’t understand them. 🧐🧐🤯🤯
I think they are easier to understand if you compare it to a common type of bank account called a certificate of deposit and leave out the technical jargon and technical functions of masternodes.🙂🙂
Plus, you don’t have to understand the jargon to understand it as an investment. 😃😃
You must have money, that you don’t need for monthly expenses.
It must be money you can invest for at least one month.
You deposit money into a storage container called an “account”.
You agree to keep your money in the “account” and not spend it.
The bank uses your money to facilitate other people’s “financial transactions”.
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The bank agrees to pay you money called “interest” for using your money.
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You get paid “interest” based on a predetermined percentage.
You get paid “interest” based on a predetermined schedule.
You make money every day without any work from you.
You even make money while your sleeping.
This is called a “passive” investment.
You must have money, that you don’t need for monthly expenses.
It must be money you can invest for at least one month.
You deposit cryptocurrency into a container called a “wallet”.
You agree to keep your cryptocurrency in the “wallet” and not spend it.
The coin blockchain uses your cryptocurrency to facilitate other people’s “financial transactions”.
The coin blockchain agrees to pay you money called “rewards”for using your cryptocurrency.
You get paid “rewards” based on a predetermined percentage.
You get paid “rewards” based on a predetermined schedule.
You make money every day without any work from you.
You even make money while your sleeping.
This is called a “passive” investment.
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