Apollon Platform – Solving the Crisis of MasterNode Management
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We have seen a number of technological improvements and changes taking place on daily basis in the crypto industry, ever since Bitcoin came into existence. The blockchain technology supporting crypto assets continues to bring new improvisations to pull more participants to the cryptosphere, by creating interesting investment opportunities and incentives for them.
One such interesting concept that will steer ahead the crypto wave is that of Masternodes. Masternodes are currently gaining a lot of appreciation over mining. This is because they don’t require high-end, high-power consuming hardware to run complex mathematical algorithms to earn rewards. Masternodes requires its owner to put a “stake” of coins as collateral to participate in the blockchain and ensure the smooth functioning of the server.
Understanding a Masternode
Masternode is nothing but a computer wallet or a cryptocurrency wallet that keeps the full copy of the blockchain in real-time. Running a masternode requires a dedicated machine with a public IP and always connected to the internet.
This is what makes Masternode unique from other normal nodes running on the blockchain network. In addition to continuously running as a full node, Masternodes are responsible for many other tasks. This includes facilitating instant transactions, participation in governance and voting, increasing the privacy of transactions, enabling budgeting and treasures systems in cryptos, and much more.
Because of its unique contribution to the network, Masternodes are given a portion of block rewards.
Requirements for running a Masternode
Although anyone can run a Masternode on a blockchain network, there is an entry barrier which ensures that the system maintains its decentralized sanctity and remains non-corrupt. This entry barrier is often staking the native tokens of the blockchain network and collateralize those units to runs the blockchain network. The entry barrier and collatrealization ensures that the Masternode owners works behind the efficient and fair functioning of the blockchain.
Note that Masternodes should not be mistaken as an extension to Proof-of-Stake (PoS) consensus protocol. Masternodes can run irrespective of the consensus protocol even on Proof-of-work (PoW) projects.
However, running a Masternode is not an easy task. It requires technical knowledge and coding inputs to deploy masternodes on a blockchain network. The Apollon platform, however, envisions a future where anyone can easily purchase a masternode and participate in the blockchain rewards just as simple as buying stocks online.
Apollon NodeBuilder – The Quick and Easy Way to Deploy a Masternode
Apollon is one such platform which provides an easy, secure and transparent way to invest in Masternode coins. Apollon has got its own master node investment platform that simplifies the entire process of set-up, running and monitoring any masternode hosted on the service.
The Apollon NodeBuilder is available on three computing platforms – Windows, Mac, and Linux. The NodeBuilder allows anyone to launch a new master node just in a matter of a few minutes. during the first time setup, you need to fund your Apollon desktop wallet with the minimum required collateral to run a masternode. Once you have accomplished it the next process is quite simple.
The Apollon Native token and Its pricing Model
The Apollon platform has got its own native crypto token called XAP. However, the Apollon platform accepts payment in both – XAP and BTC. However to promote the native token, the platform incentives XAP node holders on the NodeBuilder platform. By accumulating 25,000 XAP, you’re eligible to run a masternode on Apollon, and receive rewards in XAP. The XAP tokens are currently available at CoinExchange, Crypto-bridge, and Graviex.
Apollon also plans to launch its node monitor strive to a check on the performance of its masternodes. This includes checking performance metrics like regularity of income payments, income over time and various visual indicators.
Categorization of new projects by Apollon
To make it easy for investors to select particular projects and nodes they want to invest in, Apollon has decided to categorize new projects based on certain criteria.
Category A: This includes projects and companies with verifiable profits and visible team. They should be a register foundation or corporation. They should have a business plan which outlines a clear path for cash flow generation and revenues.
Category B: Projects requested by Apollon community
Category C: Projects listed on different masternode listing sites like Masternode.live and masternodes.online.
Apollon Future Plans
As an immediate priority, Apollon plans to build a web wallet which facilitates better integration between the wallet and the builder as well simplifies the deployment of masternodes on the platform.
Furthermore, the plans to bring a mobile wallet with easy UI and seamless purchase of masternode tokens. This wallet will ask for zero technical inputs on setting up or running a masternode.
