There has been growth for the past couple of months now. Its the best to get in early before more people start to know about grim coin, soon masternodes will be implemented and the current rate of 525% per year will soon be changed so now is the best time to take advantage of this 525% while it lasts.
Yes, I totally agree with you. Buy many GRIM coins now so that I can benefit from the 525% staking. When the Masternode phase begins, the staking profit will decrease.
I have also noticed that the network weight has increase a lot since a few weeks ago which tells me that more people are now staking then ever before. Or that more people have been accumulating more grim while its cheap before the masternodes are implemented. The dev has said as we get closer to the masternodes being implemented, we'll then find out how many we will need to own one. I just hope by then that I have enough grim to run a masternode.
I have been staking away trying to get more GRIM. The network weight isn't as high as it was a while back. And definitely isn't as high as when coinsmarkets was online. I have a feeling that I won't have enough for a masternode but would definitely hope that there is a shared masternode service that I could partake in. That would be great and also would allow those without enough coin of their own to still profit from the implementation of masternodes.
Thanks as I wasn't in grim back when Coinsmarkets was staking and just got in recently but it has gone up recently since I got in towards the end of January. I think you will find that there will be a masternode pool pop up once masternodes are implemented as this seems to be what most staking pools are doing now. Maybe StakesUnited will start a grim masternode pool?
You're welcome You are right that a masternode pool will be popping up as the time for masternode implementation gets closer. The Admin was in discord earlier and gave some updates. One that caught my eye was about the coin requirement for a masternode being lower. But he didn not elaborate on it anymore since it is still not finalized. But it was definitely great seeing an update! Would be awesome if I have enough for a masternode since that would mean that I could run masternodes for two of my favorite coins
Yeah I saw that post by the dev on discord, I'm actually thinking that the cost for a masternode will be at least 100k+ which I think most people can achieve. Even at 500k because to be honest we don't want it to be too cheap now and have it some where in the middle like most masternode coins do. So its fair for the smaller guy also to have a chance to own a masternode so I'm thinking it will be between 100k and 500k coins for one.
You are probably right on with your estimates. I am hoping it is something like 250k or so. That would definitely be great. Currently there is 51 on the richlist with 250k or more. So that wouldn't be too many. Of course that means some people can run multiple masternodes if they wanted. Hopefully there is an announcement soon so we can prepare for it.
Yeah 250k I think seems fair for all right now at the current price, as we know the dev did say that the decision will be made on the current price when it comes time to implement masternodes. Right now we are only speculating on what the number will be but I think it will be around what we have both said. 1 million in my opinion is a bit too much and is only good for the rich guys so anywhere half that or a quarter I think gives everyone an opportunity to own a masternode.