Okay this is probably a total noob question, but I'd like to "buy" a share.
Can someone explain to me (or convince me) in a few sentences why I should buy a masternode share?
Differences to have a share vs hold your coins yourself:
Pros to have a share:
- You will receive a portion the masternode returns, currently 1/50 of the masternode payouts (as 1 share is 1/50 of the masternode collateral) which is at present time 137.2 MUE / 20.78$ per month.
- Help strengthen the masternode network
Pros to hold your coins:
- You have your one coins in your own wallet
- Can transfer them whenever you like.
So that's the main differences. You are trusting your funds to the shared masternode platform, however you can sell your share and withdraw you funds within a day typically. So if you need instant access to your funds, keep them in your wallet. If you don't need to transfer them immediately, a share is a good way to get some smaller earnings with your coins.