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      Blocknet Masternode: Reward, ROI, Price and Technical Setup Guide

      Blocknet

      CED Rank 228
      Master Node for BLOCK
      ROI (annual) 16.15%

      Blocknet masternode description

      The Blocknet network is a platform that concentrates on inter-blockchain services and designed to enable a token ecosystem. The first project that was developed on it was a decentralized exchange. The network is being supported and secured by nodes which can be classified into two types – service nodes and trader nodes. While the service nodes don’t handle or control trader’s coins, they actually collect the transaction fees and distribute them accordingly. On the other hand, the Trader nodes enable trading on the decentralized exchange platform. The current amount of BLOCK coins necessary to run a service node is 5000 BLOCK. 

      Blocknet masternode minimum requirements

      1. Download and install the latest version of the BlocknetDX wallet
      2. Obtain 5000 BLOCK coins from an exchange or by trading another user
      3. Send the 5000 BLOCK coins to the node address and lock them in
      4. Make sure that you have a dedicated Virtual Private Server (VPS) with at least 1GB of ram and 10GB of free space
      5. Windows or Ubuntu 16.04 is necessary as an OS for the VPS

      How to set up a Blocknet masternode 

      1. Set up a VPS using a hosting provider or your domestic computer. Make sure you to have a static IP in order the masternode to run properly.
      2. After setting up the OS on the VPS, you should also install software that allows you to control the server remotely. A good bet is the PuTTy software.
      3. Install the official Blocknet wallet. Make sure it is synced with the blockchain, encrypted and configured properly.
      4. Send exactly 5000 BLOCK coins to your masternode address.
      5. Finally, run the masternode and see if it works properly. You can start the masternode from the Blocknet wallet’s options.

       

      Name Price Annual Roi Required Coins Active Nodes Mn. Worth

      Blocknet Masternode Stats

      Based on actual data over the past 24 hours

      Coin Price

      -7.4558053811565665

      ROI (annual)

      16.15%

      Required Coins

      0

      Active Nodes

      5000

      Mn. Worth

      0
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