Hey everyone, I am putting together a shared masternode for those of us who want to participate in one, but are not able to lock up the full amount. Masternode earnings are currently significantly better and more consistent than staking alone.
A masternode requires 16,120 LUX. To participate in the shared masternode, I am dividing it into 100 "shares". Each share is 161.2 LUX. You can take as many shares as you wish, if they are available. There are a max of 100 shares.
Payouts will be made every week to the address you choose when you make your initial deposit.
Security will be the utmost priority. The masternode will run on a dedicated Linux machine with all unnecessary ports blocked.
5% of masternode earnings are retained as service fee to pay for hardware, hosting, and my labor.
There is a 1 LUX setup fee to help with initial costs.
Withdrawals may be requested 60 days after depositing. Upon receiving a withdrawal request, I will seek out someone to fill your spot (starting with the waitlist). If no replacement is found within 15 days, your withdrawal will process regardless (unless you are willing to wait longer while we look for a replacement).
If you want to participate, send an email to [email protected]. I will respond with a unique address to deposit your LUX. Please also include your withdrawal address that you would like to receive your payouts, and eventually your deposit back.
In the future, I plan on the following improvements:
Dead man's switch: All user deposits will automatically be sent to their withdrawal addresses if I am idle for 30 days. This would protect investors from something happening to me.
Web interface with stats. See profits from the node in real time. See past and future payouts.
My background:
I have been an IT Director for 15 years. I have experience with Linux, Python, PHP, MySQL, and a number of other languages and technologies. I also have business and finance experience. At my previous job I was partially responsible for security of $2b USD in assets. I have been a follower of Bitcoin and other cryptocurrencies for years and am a big believer in LUX. Personally, I plan to be a long term holder of LUX and will reinvest my profits into staking or additional masternodes.
Just wanted to give an update. I made a YouTube video explaining the shared masternode here:
https://www.youtube.com/watch?v=OB0VQ67eF0UAlso I setup a site with info and a FAQ:
https://luxmasternode.comI'm getting a lot of interest and questions. If you want to lock up some shares or have any questions, shoot me an email to
[email protected].
Thanks!
