Before starting, you must be understood that today, to make crypto-assets work, it is necessary to maintain an IT infrastructure. This maintenance is a complex, costly and sometimes risky operation that can lead to the loss of capital!
Masternodes are complete nodes, providing to the target blockchain network with all the functionality it needs to function. As a result, they generally have a higher ROI on the one hand, but on the other hand, they are also much more expensive to operate: server rental, greater number of tokens to immobilize and pro-active maintenance of the system is required !
Staking requires a little less effort and investment from the participant. The ROI is usually a bit lower and the amount of required tokens is lower. No need to rent a server, just to make a few transactions from a wallet of said blockchain to a smart contract.
At the time of writing, more than 12,000 different tokens are in circulation and more than 350 projects based on Proof-Of-Stake exist!
Unfortunately most of these projects are often scams (scam, ponzi, shitcoin, …) which promise you “mountains and wonders” with ROI sometimes reaching several tens of thousands of %!
But be careful! Let’s keep a little common sense! What investment today offers several tens of thousands of % return? NONE ! So you must be VERY vigilant when you choose to invest in a masternode or staking !
Once these questions are answered, you can be “canary”, remembering in all faith that the risk 0 does not exist and that any investment is by definition risky!
After reading this post, if you still want to embark on the adventure of hosting a masternode or your own staking wallet, you will find all the necessary information on this blog !
We provide you with all the tutorials to assist you in the proper implementation of your nodes in the following sections:
If, on the other hand, you don’t feel like hosting your masternode or staking yourself, you have the choice of delegating this task to a specialized service provider!
You have to be careful here too! If you are a French resident, you will need to go to a French company that has PSAN registration, that is to say that the company that will provide you with the hosting services is approved by AMF (Autorité des Marchés Financiers).
There are about forty companies with PSAN registration in France, only three of which provide these hosting services.
BITGEN is one of these three companies and offers you a preferential rate to take care of the entire management of your masternodes as well as your staking from A to Z ! It also offers savings accounts made up of baskets of several crypto-assets depending on your risk profile !
Use the promo code: STAKING-BLOG-2023 to enjoy 10% discount on your next purchase, valid on masternodes / staking / savings books.
