US, EU Investors Can Now Own Stake In DASH Masternodes
Neptune Dash, which builds and operates master nodes, has opened the gates for investors in the US and the EU. Before this announcement, the company’s shares can be bought only investors in Canada. The publicly traded Canadian company, listed on the TSX-Venture Exchange, raised C$23 million last year to buy DASH and set up master nodes.
An investor can own a percentage of the master nodes by investing in the shares of Neptune Dash. Dash, which follows a proof of stake consensus mechanism, pays dividends to master nodes. Additionally, investors will also be able to realize considerable returns on their investment when the price of DASH goes up in the cryptocurrency market, as adoption rate increases. Therefore, investors in Neptune Dash will be able to realize returns in the form of significant dividends or capital gains. Master nodes are servers on the Dash network, performing specialized functions such as PrivateSend and InstantSend on the blockchain.
Neptune Dash is now listed on the Frankfurt exchange. In US, Neptune Dash is listed in the OTC market. Therefore, investments in Neptune Dash are now possible for both North American and the European investors. An investor can purchase the stock of Neptune Dash through an appropriate stock broker.
Commenting on the developments, Neptune Dash’s Troy Wong said
“Neptune Dash is the perfect way for investors to invest in the Dash ecosystem through a regulated and publicly traded company.”
The price of masternodes has surged from $12,000 in January 2017 to $460,000 today. Therefore, investors look for every opportunity to own a stake in masternode business and share regular payouts. There are services which allow people to buy a stake in masternodes, but it requires investors to transfer their personal Dash holdings to the service provider. Unless, the service provider is highly trustworthy, investors will not be inclined to do it. Many investors had requested Dash to introduce a ‘trustless’ way to invest in a fractional masternode.
As of now, investing in Neptune Dash is the best option available to investors, even though the Dash roadmap is indicating the possibility of launching trustless masternode shares in the future. An investor requires 1000 Dash coins to run a master node.
Petar has spent the last few years following rise of cyptocurrencies, lending insights to the potential icos coming to market as well as how current currencies are operating. Petar background is in the finance sector and is a banker by trader so money is always on the mind.