I've been following CLOAK since it was first released and i mined DRK when it was first announced. I'm not interested in setting up a masternode but don't know exactly what is needed. I read through the OP but it doesn't have any requirements listed to set this up.
Can anyone recap what's needed to offer this, as well as the benefits (financially) of having it. Please keep in mind that i do not own ANY DRK as of right now.
Masternodes offer the service of anonymity, and get awarded 20% of all mining rewards. So thats about 576 DRK per day / total number MN's.
You need 1000 DRKs to be eligible for a MN. These are not locked away somewhere in a server. The server just gets activated through a local wallet setup, where you can then store the 1k DRK offline. You're also payed out to this address, so there is zero risk of someone hacking your server and stealing coins.. as there is nothing there. At any moment you can cash out the 1k without issues, as they are not "locked" in any way.
win win win situation.