StakeCube.net to stop shared masternodes

StakeCube.net has removed shared nodes and merged PoS and Masternodes into a combined pool that rewards users proportionally to their holdings.

Since the beginning of StakeCube.net, shared masternodes were offered to provide small investors with the possibility to participate in masternodes that required large collateral investments. In order to do this a system was created whereby users could join specific masternodes by reserving shares in them. Rewards generated would then be distributed proportionally to the participation share of a user in the masternode that generated them.

Because of economic restrictions, only a limited number of masternodes can be hosted. Unfortunately this limits the number of users that can participate in them, causing frustration and leading some users to leave StakeCube entirely. Usability for new users is affected as well, since users have to wait long until a slot is opened.

Another important disadvantage is entirely technical. First the masternode has to be filled, and only then can it be installed and started by the StakeCube tech team. This makes it impossible to implement automation, which causes delays to obtain masternode rewards and is time-consuming for our team. Moreover, if a masternode needs to undergo maintenance, users participating in that specific masternode will not receive rewards for some time.

This SCI aims to remove shared masternodes and make collecting masternodes and waiting for free shares a thing of the past.

With the new method, PoS and Masternode rewards are pooled together. The user will not have to worry about allocating his coins to shares in specific masternodes. Masternodes are installed automatically in the background as soon as previously defined parameters are met, e.g. enough coins in the pool. This new logic ensures that masternodes generate the maximum possible profit, as there are no delays.

The combined rewards from masternodes and staking are then distributed to all users proportionally to their holdings.

Users will have only two balance breakdowns: available and in open orders. “Locked in masternodes” is no longer necessary which improves flexibility when trading or withdrawing coins. The already running shared masternodes at the time of implementation will not be destroyed but simply “converted” to be used with the new reward structure.

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Cult Today

Cult Today

CULT is a collective for NFT lovers. We are passionate NFT hoarders, we love minting our own collections and we are always on the lookout for collaborations. Most of our work can be found on StakeCube Marketplace

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