Mark Mason
Well-known member
FirstCryptoETF to Set up Dash Masternode
A new token, which calls itself FirstCryptoETF, will be setting up a Dash Masternode and distribute rewards as “dividends” to token holders.
The new token will pay the 1000 Dash collateral, currently valued at a little under $500,000 USD, to set up a Dash Masternode. Dash Masternodes get 45% of the mining rewards, which is around 2 Dash per Masternode each week. The ownership of a Dash Masternode will also give FirstCryptoETF the ability to have 1 vote in treasury proposals.
Peter Vrábel, CEO of FirstCryptoETF, describes the “rewards from the mining fees will be something like a dividend for token holders,” and a “great way to add additional value to the Strategy Index.” The Dash investment will join the nine other cryptocurrencies in their portfolio: Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, Ethereum Classic, Lisk, Monero, and Zcash. FirstCryptoETF pledges to be audited by one of the big four accounting firms to verify the status of the portfolio. According to the Whitepaper, they will also charge a 2% per annum fee pro-rated to the time a user held the token along with offering an exchange platform and physical debit card to facilitate usage of the token.
Read more: https://www.dashforcenews.com/firstcryptoetf-to-set-up-dash-masternode/