Rewards, some explanations
We know that the rewards are for you an important point. So it’s also important for us to make the situation more clear about this point. In this article, we’ll explain to you all the aspects of your Masternode concerning the reward system.
First, you have to know that, when we turn on a Masternode on Westake, it’s a real one. You have a part of a complete owning of a real server on the Westake network. When the amount needed is reached for a Masternode, we open a new server, setup it and make it real for you.
That mean, we are tributed of the real rules of each crypto-currencies team, and we’ll show you here what they are. Let’s see how exactly works your invest.
Each crypto-currencies have a different way to pay the masternodes owners. Some generate rewards a couple time in a day, some daily, some weekly, and some others monthly.
In fact, your Masternode is in a list with all the others Masternodes online. When your Masternode reached the top 10% of the queue, there is a lottery to select which Masternode is the next one who will get the rewards. If we consider this last point, the rewards can take more or less time to be generated by your Masternode.
The quantity of Masternodes online have also an impact on the frequency. More Masternodes are online, bigger the list will be. In this case, it will be longer to generate rewards.
Currently, we can have theses average rewards frequencies, depend of the cryptocurrencies:
- Dash (DASH): 8 days 23 hours
- PIVX (PIVX): 16 hours
- Zcoin (XZC): 24 days 21 hours
- Bitcoin Green (BITG): 1 day 4 hours
- Deviant (DEV): 1 day 1 hour
The First Rewards
In some cases, the first rewards can take more time than the regular average frequency. This is to be sure nobody try to trick the system and only concern cryptocurrencies who take less than 5 days to generate the rewards.
The first rewards take usually between 3 and 5 days to be generated. After the first rewards generated, consider the average rewards frequency rules.
For this part also, it completely depends of the cryptocurrency rules, but it’s based on the same principle. The blockchain is constituted of blocks. The quantity of rewards generated depend of where we are about the quantity of blocks already generated by the blockchain of the cryptocurrency.
Currently, we have these numbers depend of the cryptocurrencies:
- Dash: 1.67290028 DASH / reward time
- PIVX: 2 PIVX / reward time
- Zcoin: 15 XZC / reward time
- Bitcoin Green: 7.24 BITG / reward time
- Deviant: 14.759 DEV / reward time
As clear as we can
Hope this article will be helpful for you to understand how the rewards works. We voluntary don’t go in details but can give you the documentation or some answers by message if you want to know more about it.
Have a nice day and remember: