Weekly update for the BlacKrypto Masternode Pools. Sponsored by Black Soap Club - Making it Easy to Buy BLACK!
Summary
The BTC market is backing off from its $1000 pump and back down to the high $7,000s. Pro traders pretty much agree that the technical signals are indecisive and they're HODLing in the meantime.
AEG hasn't been performing well and steadily decreasing in price and under-performing the market. Some speculate that this is due to the masternode rewards being too high and causing large amounts of coins to be dumped without enough demand to absorb them. This makes sense because this is a relatively new blockchain with no actual product yet, so demand is basically non-existent outside of speculators and people buying masternodes.
The good news is that there is an active community on discord and the AEG team seems to be responsive and making progress. They've accelerated the timeline to reduce rewards by the end of August, so the new supply of coins will significantly decrease. This is bad news for new masternode holders who haven't had the benefit of high rewards for months, but bodes well for the long term HODLers of the coin. However, there is a chance that the coin is dying and the dev team could abandon the project. Based on what we're seeing, we don't believe this is the case, but it's always a possibility and one of the risks we all take by investing in this highly speculative market.
This presents pool shareholders with three options:
- sell your shares and cut your losses,
- keep your shares but sell some of all of your rewards,
- keep your shares and rewards and HODL for a potential price recovery.
We are personally going for option #2 and selling 50% of the rewards for cash flow while reinvesting the rest. Only time will tell which turns out to be the best decision, and you should make your decision based on your overall crypto portfolio strategy and what you can stand to risk.
Key Stats
| Initial Value of All Active Masternodes | $25,010.35 |
| Current Value of Rewards Received from Active Masternodes (since 5/20/18) | $3,403.00 |
| Cumulative ROI | 13.61% |
*Keep in mind, the USD returns are calculated at the US Dollar value of the coin at today's prices, but if you had been selling your rewards for BTC or USD, actual returns would be different
Updates
We're still accepting deposits for BWK masternode #4, which is about 20% funded so far. BWK has been relatively stable since we launched the first node back in May, unlike most other masternode coins so we feel it will be one of the more relatively stable coins in our masternode portfolio and wanted to open another one up to people who missed out on the first 3.
MEDIC is still funding but we're making progress and should be able to activate within the next couple weeks. There's still time to get in on this project that marries two hot sectors...healthcare and blockchain.
We're about 95% to being fully funded on the first GIN masternode! It's probably our most useful masternode coin since they're creating a tool to make it easier to set up and invest in masternodes without the user having to deal with linux commands and cloud servers. We've actually used their platform to host the BWK #3 masternode. There will still be a need for masternode pools to take care of the collateral needed to start a masternode, but the technical aspect of setting one up will be much easier.
Finally, the BLKS coin is now live and you can purchase and HODL as well as use them to buy masternode pool shares and BlacKrypto Society membership. Check the BLKS coin page on this site for more info.
To vote on new coins, click here. For details on the masternodes that are currently funding and instructions on how to participate, CLICK HERE.