Get to Know the Vivo Masternode
The anonymity and levels of secure transactions makes VIVO a wanted masternode (MN) representative. This open source crypto asset launched in 2017 as a Dash fork. It uses NeoScrypt PoW algorithm and is ASIC resistant with a decent return on investment. The masternodes in this network combine PrivateSend and InstantSend technologies plus they get 50% form each block reward. What is more, the VIVO world is strong, decentralized and runs 24/7. Every Linux and Windows user can part of this resourceful community. Keep reading to learn more about the network’s reward system and how to setup a Vivo masternode on your own.
How to Make Money From VIVO Masternodes
In the VIVO network, the block reward is divided in equal parts between the miners and the masternode owners – 50%. To run a VIVO masternode you will need the official wallet which will download the whole blockchain. In case you invest exactly 1,000 VIVOs, you will enable the necessary functionality. Don’t forget that you need to send that exact amount in a single transaction. If not done correctly, the whole process will fail, and your node will not be acknowledged as a masternode. In case you do everything as required, the system works pretty fast in delegating each reward. The VIVO masternode payout is 4.5 coins per block where a new block occurs every 2 minutes. The total block reward is 9 VIVOs, which is split between miner and masternode without any budget gathering. Keep in mind that this reward decreases by 10% every year.
Vivo Masternode Setup
MINIMUM REQUIREMENTS
You are thinking of running a single VIVO masternode? Let’s check the minimum requirements for setting up your own before we move on to the step by step guide:
- 1.000 VIVO (you can buy them on CryptoBridge) to be sent to the masternode’s address
- An external static IP for each masternode you plan to run
- A Virtual Private Server running Ubuntu 16.04. You can always rent one from Digital Ocean as well
- An uptime of 99.99%
- linux
- wallet
- vivo
How to Set Up a VIVO Masternode Step by Step
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Start with setting the VPS. Do that on your own or rent the service. Make sure that your IP is static
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Installing an OS is the next step. Set it up and connect it to the server using PuTTy software. It is a widely used and reliable open-source representative
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Once everything is in order, install the VIVO wallet. Keep in mind that hosting a masternode for that coin, you must use only the official wallet
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To activate the tool, charge the masternode by sending 1,000 VIVO to the address. Check if the amount is exact and configure the wallet. For the collateral, you can use an exchange or other wallets
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At the very end, start the Vivo masternode from the core wallet by going to the Debug window/Console. Check if everything is working properly