How to choose masternode?

After the birth of the ANON coin, a group of people who first invested in masternodes got rich. Initially, the return on investment index was as much as 1800%, which is much more pleasant than a bank deposit. The investment was supposed to pay off and double in 20 days. In fact, this figure turned out to be a little less, but it still gained a stir. So can an ordinary person make money on masternodes?

The task of masternode is to verify and sign blocks. As a reward for their work, users receive the network's cryptocurrency. Masternodes guarantee the security of the network and increase its decentralization. To hack such a network, you will have to capture 80% of the master node. Thus, the more masternodes there are in the blockchain, the safer it is. But with an increase in their number, the profit of node holders falls.

If you want to invest in masternodes, there are a few important things to keep in mind:

• Price stability, exchange rate fluctuations over the past few months. Ideally, the price should change in line with Bitcoin and smoothly. Large jumps can seriously change the portfolio for the worse.
• Development team. Study the biography of team members for presence in scam projects. It is also desirable that the portfolio already has a well-established project.
• ROI. The percentage of return on investment is an unstable concept, and this is normal. But the promise of thousands of percent is alarming. And very small percentages are also not worth choosing.
• Liquidity - think ahead about whether you can sell the coin if something happens. You should not be fooled by the presence of a masternode coin on top exchanges, because they are paid more money for listing.
• Wallets. In such projects, you are unlikely to find a convenient wallet interface, but the main thing is that there are no viruses. Test them in a virtual machine before using them.

Also Read: 7 Ways to Make Money with Cryptocurrency