Get to Кnow the ExclusiveCoin Masternode
In September 2014, ExclusiveCoin (EXCL) was presented to the crypto world. Since then, it remains a decentralized, well-established and transparent representative. ExclusiveCoin is using PC wallet to administer the blockchain, together with every created block. It also executes every transaction in a private and secure manner. The annual ROI for an ExclusiveCoin masternode is in the range of 30%.
ExclusiveCoin combines ease of use with high levels of privacy. Few of the brightest features are the instant transactions and Darksend (it executes anonymous and untraceable transactions). The developers behind the project had managed to create and maintain a significant number of masternode features. This way the security of the PoS network helps avoiding forks, plus EXCL coins are swiftly managed within 60 seconds block time. Here the InstantX comes in handy.
How to Make Money from ExclusiveCoin Masternodes
ExclusiveCoin is a fork of Dash, which relates it to the popular DASH and PIVX masternode coins. In order to start with one of these and make money, you will have to invest thousands of dollars. Well, making money out of EXCL is possible with a more modest amount of 5000 EXCL. Having that in mind, you can currently expect an ExclusiveCoin masternode payout of roughly 46 EXCL per day through the 114 active ones in the network.
Once invested in ExclusiveCoin masternodes, the reward system will ensure you receive 0.5 EXCL per block. A new block is created every 8 seconds, so the reward frequency, on average, is about 15 min. The interesting thing here is that the person who is last on the rewards queue will be the first one to receive it. The whole process is automated.
ExclusiveCoin Masternode Setup
MINIMUM REQUIREMENTS
Here are the requirements for setting up a EXCL masternode and a bit more:
- Download the official wallet
- Send 5000 EXCL to your ExclusiveCoin wallet address. They can be bought on Bittrex or CryptoBridge
- Modify exclusivecoin.conf and masternode.conf
- If you don’t have a VPS service provider, check out VULTR
- Set it up using the two-wallet option (hot/cold) – a preferred security measure as well
- Direct access to your funds has only the hot one
- The hot wallet runs the masternode and piggybacks off the cold wallet’s registration
- Linux
- wallet
- ExclusiveCoin
How to Set Up a EXCL Masternode Step by Step
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Figure your OS requirements out, pick a matching VPS with at least 2GB of RAM (2GB for I2P) and 20GB of free disk space
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Set up your OS first and then connect the software to the VPS. It is usually via SSH, but for Windows use Putty. Then login as root. Here it is perfectly normal for the password to stay hidden. Once done, choose the server type, which in this case is Ububtu 16.04
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When installing the official wallet, do it both on the main machine and on the VPS. Then wait until it is all synced and continue by creating a masternode address on the machine. To activate it, send exactly 5,000 EXCL. Every other amount will not work out
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The needed amount of coins can be sent from an exchange or any other place. Then go to the main machine and configurate the masternode.conf file
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When all the above is done, always check if the ExclusiveCoin masternode starts and works on both the main machine and on the VPS