How does Flux stack up against other crypto projects that have nodes to run which earn passive income? The author compares six by looking at their monthly ROIs and possible increase in price of each token. He points out that it is also best to understand what the project is. He says that Flux is probably his favorite node project at this point.
Crypto nodes are one of my favorite ways to make passive income. And the entire crypto node space is a bit crowded at the moment at first glance. And if you’re new here let me quickly fill you in on what’s going on. A node is a computer or server that supports the crypto blockchain by verifying transactions, enhancing security, and more for that particular crypto project. Those transactions reward users for this.
Now not all cryptocurrencies offer NODE Projects but the ones that do are branched off into two different categories.
There are master nodes and then there are service nodes or Nodes as a Service. And this is where we start to get into the problem within the current node space of crypto. The first-ever node as service crypto to launch was Dash. It launched in early 2014, and then five months later launched at service nodes. And then about one year after that, it was sustainable and no longer needed third-party investments to survive.
However, these Nodes as a Service type projects that are popping up now are just rewarding the users for the purpose of creating the nodes. The reason why they’re doing this is so they can build out the infrastructure on these new blockchains such as Avalanche, Ethereum, Cronos, and so on. So the blockchains can flourish with this wave of new projects that are being built out on them. Its similar to what Dash did in the beginning. They’re relying on new investors and third-party money to keep these projects afloat.
However, unlike Dash, these rewards that they’re offering new investors range anywhere from a 300% APY to upwards up hundreds of thousands of percent APY. This video today is not talking about any of those types of projects nor am I telling you not to invest in those types of projects either, I’m currently invested in some and I probably will invest in a few more as time goes on but at the end of the day, these high APY projects are what I like to classify in my portfolio as degen investing.
In today’s video, I wanna shine the light on six node projects that have more sustainable APRs and they’re paying their investors not just for the sake of creating more nodes.
At the end of the day, when the next bull run happens, you’re gonna wanna make sure that you have as many solid projects in your portfolio as possible because when it does happen it will already be too late to change those. So let’s get into it.
What’s up guys, my name is Kris, and on this channel, I cover different ways I’m making passive income online. And today we’re taking a look at six node projects that I think make great candidates for passive income in 2022. Now I’m using three main criteria when looking at the nodes I’m talking about today.
- Number one is it’s not a node service that is rewarding users just for the sake of creating nodes.And the node rewards are coming from some type of utility.
- Number two is the break-even time on these nodes must be greater than six months. What we’ve been seeing in a lot of these new node projects that have been coming out is they offer investors break-even times of a month or sometimes even two months, just for the project to come crashing down less than three months later.
- Number three is I don’t wanna see any mention of passive income on the main website.
When looking at some of these projects like Thor and CroNodes, they mention it on the website and that’s for me is something I’m specifically trying to stay away from. And I’m gonna be covering these in order from most expensive to least expensive with the last node costing less than $800. But you know what isn’t expensive at all, and it’s hitting that like button, it’s not only completely free but it really helps the video out. And while you’re down there, you should check out the subscribe button as well, it’s also free and like nodes that rewards you with new videos every single week.
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A few ground rules before we get started though. The rewards and costs of these nodes may vary slightly depending on when you watch these videos. Also none of these nodes are sponsored. I will always tell you before I sponsor something. And on top of that, I’ve covered some of these on the channel before but I’m not going to be telling you which I’m invested in for the sake of, I don’t wanna pump my own bags. And lastly, I’m not going to be covering the setup on any of these nodes, some of the setups can be very extensive and if there is something that you want me to cover to set up on, let me know in the comments below and if I get enough requests I’ll consider doing it.
The last two requirements I have for the nodes in this video for a market cap of over 600,000, and they’ve been around for at least a year, I only have six but I have 15 that actually met this requirement. So you can download the sheet below if you want the research I did for this video. Now the first and most expensive project I’m gonna be covering today is Gala Games coming in at $98,000.
There’s a few reasons I put this project in here. Number one is quite a few of these Nodes as the Service type projects are investing in Gala Games, such as Hive, Cubo, and Thor. It’s good to know what the project is especially if you plan on getting in those types of projects. Number two is there’s a lot to learn from Gala Games that we can take over to other projects and possibly help us find another Gala Games before it blows up. Number three is they have two new node projects that are coming out in the future.
I think it’s just good to understand what Gala Games is before investing in those as well. Gala Games is a gaming company aiming to be the number one play to earn gaming company on blockchain. These nodes are required to run the gaming network and it incentivizes investors not only with daily Gala tokens but token of the games that are launching on Gala Games as well. This is why the price of the Gala founders node will always keep increasing with the last one out of 50,000 selling for over $200,000.
Now a node holder will earn roughly 320 Gala per day which comes out to be about $2,000 per month at the time of me filming this. This means that you earn about 2% per month and takes about 49 months to break even or about four years. Now when it comes to break-even time on some of these nodes, I think it’s something that we don’t wanna take too seriously, because if it’s a good project it’s going to keep increasing in value.
So Gala right now at 20 cents could easily go to a dollar in the future, which takes that make-even time from 49 months down to less than 10 months. This means that after one year, not only have you paid your node off, but you have two extra months of profit and that’s going to be the case for all of these nodes that we look at today.
Related: Token Swap Bridge, Arbitrage Trading, Cross Chain Interoperability | All Part of Flux Ecosystem’s Parallel Assets 2022
Next up is Flux, proof of work cryptocurrency that aims to compete with the AWS or Amazon Web Services global cloud infrastructure, which is the largest and most secure cloud computing service in the entire world. Which is currently used by industry giants such as Disney, Airbnb, and ESPN, just to name a very small amount of companies.
Flux is offering four types of nodes with over 2,500 nodes on the network with the smallest node which just launched of only 1000 Flux and costs about $1,500 to make. The monthly ROI on this smallest node is about 1.44% ROI per month. Now, one thing to mention about this is you earn a monthly ROI and you also get to keep the tokens that you work up unlike StrongBlock or Gala Games, which means that as the project goes up, your original investment also appreciates. Out of all of the projects that I’m going to be talking about today, I think Flux might be one of my favorite ones.
Next up is Firo, and for all of you crypto OGs out there you’ll know this one as Zcoin. And it’s been around for over five years. Firo is similar to Dash and Syscoin in that it’s a proof of work digital currency focusing on privacy and security, and having launched in 2016, with a fully docks team of some impressive individuals, I think this is definitely one to take a look at. This node takes 1000 Firo tokens which costs about $3,000, and you make about 11% ROI per month or about $300 per month. And break even time on this one is about 10 months. And this is one of the bigger projects in terms of market cap that we’re going to be looking at today, with the market cap sitting at around $50 million. The next two nodes I’m going to be talking about are affordable nodes in the cloud storage space. The thing to note about cloud storage base is although the cloud storage has gotten cheaper over the years, it’s still has many bottlenecks and issues. The main be security and data and this is where blockchains and masternodes really come into help.
Next up is the project Axel. It’s been around since 2020 and it has over 300 nodes on its network. It takes 5,555 Axels to create a node costing around $1,000. The ROI on this comes out to be about 55% per year, which means that break-even time is about 21 months. Like the other node projects that I’ve talked about this is more staking, so you can get that original investment back.
Another decentralized cloud storage platform is StorX, ticker symbol SRX. This is the only one I’m talking about today that’s been around less than a year launching in early 2021. It takes about 10,000 SRX to create a node, which costs about $800. And the monthly ROI on this one is about 8% per month, which comes out to be a 13 month break even time. You can purchase the SRX token on Bitrue.
The last and cheapest node project that I’m gonna be talking about, and one that I’ve covered on the channel before is Presearch, which is a decentralized search engine and they need nodes to make this happen. It takes 2000 Presearch to create a node which costs about $400, and the rewards come out to be approximately 50 Presearch per month, which comes out to be about $9 per month. It’s a unique project that I wanted to throw in here. Thanks for watching guys. Be sure to like and subscribe, check out my other videos and I’ll see you next time.
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