ArcticCoin the cheapest masternode you can set-up right now

in #cryptocurrency7 years ago

The Cost

ArcticCoin is by far the cheapest masternode you can set up right now.

As I'm writing this it takes approximately 46$ to set up. It takes 1000 coins, each coin is priced at $0.0461. (1000 x $0.0461 = $46.1)

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Key Features

ArcticCoin describes itself as the coin to "Earn money on the Internet and create passive income sources"

The website states its 3 key advantages are

Security:

Maximum protection against hacking, can not be the same cryptocurrency to spend twice as each transaction is carried out in one direction only and not subject to cancelling.

Low Fee:

The absence of taxation and minimum commissions for completed transactions, independent of the amount of the transaction and territorial affiliation.

Profitably:

Goldmine node - limitless and safe opportunities for earnings. Coins that are in your wallet can be profitable without transfer to third parties.

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The Masternode Itself.

ArcticCoin's masternodes are called Goldmine Nodes. Their is currently 1873 Goldmine Nodes active. The ArcticCoin website states that that each node has a profitability of:

0.09% daily
2.77% monthly
33.21% annually

The 4 biggest exchanges for ArcticCoin are

YoBit 24 hour volume $40,387
C-CEX 24 hour volume $36,789
Cryptopia 24 hour volume $16,838
Livecoin 24 hour volume $16,167

My Personal Opinion

I feel as if this coin is just another coin that will eventually fade into obscurity. It brings nothing new or ground breaking to the table. Its simply a coin for making a masternode. Which gives it practically no value. I do feel the dev team has the coins best interest at heart. I just don't think they realise how competitive this space is.

Thanks for reading :)