ZEST-THE MASTERNODE WITH SUSTAINABLE FEATURES AND COMPONENTS FOR THE ENTIRE CRYPTO COMMUNITY.

kingboo (25)in #blockchain • 6 years ago

The crypto community is presented with several ways to earn almost everyday, but the one that is currently on the lips of everyone is the running of masternodes. I was quite intrigued when I also got to know about it until I got to understand how masternodes work and why it has flooded the crypto community recently.
Cryptocurrencies actually began with the generation of Bitcoin by Satoshi Nakamoto bank in January 2009. Many people did not believe in the fact that cryptocurrencies could actually be used as a digital payment system but it is very relieving that this dream is being realized gradually since there are several online platforms that accept cryptocurrencies.

Other cryptocurrencies have also been generated and the popular among them aside Bitcoin is Ethereum by Vitalik Buterin. Most of the blockchain networks such as Bitcoin, Ethereum and others all uses Proof-of-Work in mining of new blocks unto its network but upon further consideration cryptographers realized that this system was quite difficult to operate with.

Hence the development of masternodes which was pioneered by the Dash Network. Running a masternode on the Dash Network requires a personal stake of 1000 Dash Coins. After the development of masternodes by Dash, several other networks also started establishing their masternodes and currently there are over 1000 masternodes in the cryptospace with new ones springing forth almost everyday. Examples of these masternodes are MANO, ZIXX, XDNA, PIVX etc. Masternodes have very basic functions such as performing highly private and secured transactions. There are several masternodes that have been developed into the crypto community but most of them are failing because of the poor strategies which they have put in place to help their project.

ZEST’S APPROACH IN SUSTAINING THE RUNNING OF MASTERNODE FOR ITS INVESTORS

The Zest project has been designed with some key components that will help sustain its it in terms of development and growth. The Zest foundation will sustain its development with both internal and external initiatives that are proposed by the community and supported by the owners of the Masternodes. Masternodes owners will have the opportunity to vote upon proposals that are either submitted by the Zest team or by other masternode owners which would all contribute to the growth of the Zest project.

Another interesting that the Zest project has featured into its system is to fund other external projects that will be beneficial to the general public. For the long term sustainability of the Zest Project, the team decided to allocate six Masternode pools which is worth about 75,000 Zest coins whose funds will be used to finance for some external projects that would be proposed by members of the masternodes. The Accelerated Athletic Pool, Club Zest, Rapid Relief Pool, Scholar’s Club and Prosperity Pool are the six dedicated masternode pools that will help fund for some external initiatives that the members of the Zest masternode community will decide to put in place.

First of all, as humans as we are nobody can actually determine what will happen in the future and that is the reason why most of us save money for the future. As much as we get prepared for all these unforeseen circumstances sometimes we are taken by surprise the amount of damage these circumstances may bring our way. The Earth has seen great change in terms of its climate and this has brought about so many natural disasters like earthquakes, volcanoes, tsunamis etc.

The Rapid Relief Pool would serve to assist people who are hit by these natural disasters by providing food, clothings, temporal homes etc. Also, income that is generated from the Rapid Relief Pool would be used to assist the community or society in building back their clearing the damage and also putting back the community on its feet.

Secondly, another designated masternode pool has been allocated for brilliant students who for some reasons cannot afford to fund their educational career. Individuals may apply through the Zest website for review by board members and after that the selected students would be awarded with several assistive packages. Some of the packages include providing rent, tuition vacation expenses etc. This would help other brilliant students out there to achieve their dream career and also help some Non-Profit Organizations who have taken it upon themselves to help such people.

In addition to the above, the Zest project has another designated masternode pool called the Prosperity Pool whose function would be to help the community by supporting projects and also help in the construction of social facilities for the community. Also, places that lack certain social amenities such as potable drinking water, constant supply of electricity etc. would have these facilities constructed for them by the Zest community.

Another designated masternode pool has also been allocated to assist members who are very skillful in terms of athletic activities to also soar higher in their career. There are many athletes who are out there but due to some financial difficulties they are not able to participate in some competition so that they can also gain their exposure. The Zest Accelerated Athletic Pool would help pay for the trips of such athletes and also assist them by providing them with training materials. The income generated from this designated pool would function to help these individuals with respect to their athletic career.

THE DETAILS OF THE ZEST COIN

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