ZCoin announced znodes (masternodes) by December
Updated
zcoin . io has announced today Nov 14 that 30% of the the block reward will be allocated to masternode operators while they hold 1000 XZC collateral.
This will probably work similar to DASH masternodes and the znodes are going to launch by December this year so in the next 2 weeks.
This is a second chance for people to start earning PoS by running a masternode who can no longer afford to buy 1000 DASH.
I expect people to stock up on XZC to accumulate 1000 XZC.
If we break resistance soon around 0.0035 I see a strong chance for a target of at least 0.006 for profit taking.
Of course if this should not happen, it is still a long term investment in good technology and in a znode masternode (with at least 1000 XZC) that will earn a yearly interest that could be between 20% - 40% pa depending on the amount of masternodes that are being operated.
This will probably work similar to DASH masternodes and the znodes are going to launch by December this year so in the next 2 weeks.
This is a second chance for people to start earning PoS by running a masternode who can no longer afford to buy 1000 DASH.
I expect people to stock up on XZC to accumulate 1000 XZC.
If we break resistance soon around 0.0035 I see a strong chance for a target of at least 0.006 for profit taking.
Of course if this should not happen, it is still a long term investment in good technology and in a znode masternode (with at least 1000 XZC) that will earn a yearly interest that could be between 20% - 40% pa depending on the amount of masternodes that are being operated.
Note
The binaries of Zcoin that support the masternode functionality have been released today after a period of testing on the testnet. This is good news and the price reflects this.
More info is here including the timing for the start of the znode payouts:
zcoin.io/znodes-release-upcoming-hard-fork-need-know/
From now on holders of Zcoin are incentivised to hold their Zcoin as the collateral for their znode masternodes to generate weekly interest payments.
There will be some profit taking on the news, but long term this means that less Zcoin will be on the market.
goodc0re
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