The Mastornode Investment I regret
Disclaimer. The project I will be talking about in this post is working perfectly and the community has proven to be trustworthy. The aim of this post is to share my views about it, how the system works and how it is not favourable for people that do not know how or like the MLM system
Not every investment that comes our paths are always worthwhile. Some will come to only waste our time and resources.
6 months ago I was working with some blockchain and crypto guys and one of the main guys there is a member of a community called Kualian. These guys are Millionaires in dollars and they are highly influential. I was working as the tech lead and blockchain tutor for the company and I was held in high esteem. Every member of the company respects me a lot because of the kind of tech knowledge I share in the company.
So, they started talking about Kualian, which is one of the companies running a master node. Since it is extremely expensive to have a personal master node, the company create a kind of system that allows people to invest in the master node and participate in transaction validation and they give back a certain percentage to the investors. The company is located in Spain and it is working perfectly.
https://masternodes.online/The masternode market is growing. 3 years ago it was just a little million of dollars. As of the time of writing this post the 24h volume is $584,156,073 / 13,334.32 BTC, with Masternodes worth of $45,536,319,467 / 1,014,205 BTC and 240,430 master nodes are currently online.
Kualian is a system with many use. They offer a lot of exciting services, from PoS Software Staking and Masternode services, Kuailian Marketplace, Kuailian Academy, where they teach cryptos and blockchain, Pool Monitoring, Arbitrage Trading Software, Quantum Trading Software, and many more exciting services. The part I was introduced to is the Masternode services and the investment plans within.
Kualian has been working for many years so many people believe they are pretty trustworthy and the growth of the community is enormous.
There are over 100,000+ register users, 3,000,000+ software licenses and 190,000,000 USDT total payout to investors.
My issue with Kualian
The Kualian system works like an MLM platform. Investors make a percentage on their investment in the master node but to make it big, referring people is the only key. They pay around 24% APR on every investment but on referral, there is 8% profit on every earnings of the people you refer and instant %10 on any amount they invest. So it is a big win for people that like an MLM system. MLM is not my thing, especially because of many scamming projects out there, it has been hard getting people to invest in MLM lately in my country.
Kualian would have been good if it can compete with Defi projects out there. Staking on Cub, Pancake and other projects out there are clearly more profitable for investors that can't refer.
I invested $1,000 worth of Etheruem in the system 6 months ago and I have gained $120. It doesn't seem too bad but I would have made lots more on Cub, Cake or using it to trade.
There are six months cool down periods for investment and it is only 9 days for me to hit the 6 months. So, I will definitely take off my eth and invest in other viable projects, like CUB Finance and Pancakeswap.
MLM is still a working way to grow any ecosystem but fixing a proper plan for investors that can't take the tasks for referring people is important. I think Kualian should set up a system that gives more to large investors. Investors with $1,000,000 shouldn't earn the same percentage as investors on $1,000. For now, this is what they do, but they may be planning for a change that I do not know because I stopped following their updates.
Thank fo reading!
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