AXEL Launches a Global Decentralized Network: Harnessing the Potential of Masternode Technology

There may be many types of Masternode projects in development, but a successful project worthy of investment participation will share the following core elements: Team, Product, Community, and Adoption.  Before investing or taking part in any Masternode project, one must research these four key areas, as they will determine its viability and chance of being successful.

The most important part of any project, the team is responsible for executing the strategic vision. Ideally, a team should be comprised of diverse individuals with a range of experience that covers, at the minimum – cryptocurrency, Masternodes, Blockchain, technical and business areas. A team that demonstrates strength in talent, experience, and foresight, will increase the chances for engagement and investment.  You want a team that knows how to build the technology, how to market the technology and how to manage a business.

Masternode projects are distinctly advantageous given their instant transactions and low fees. But, a truly viable Masternode project must offer utility or a product. Due diligence is required to determine if the project is actually solving a problem? And is the team capable of developing a product and also delivering it to market, and if there is a real demand for the said product? Technology for technology’s sake won’t cut it anymore.  Product must have a purpose.

Crypto and Masternode projects with a strong community are far more likely to be successful then projects with a small or no community. A strong community can do a great deal to market both the project and its products at minimal cost while building a passion for technology powered by the diversity of ideas. It’s critical to determine how big and how active the community is on a daily and weekly basis, as frequent activity and support is a strong indicator of a project that may be worthy to invest.

ADOPTION, ADOPTION, ADOPTION.  Adoption refers to using a Masternode project’s token/crypto by others outside of the project. See if there are individuals or businesses already using the project’s token/crypto products.  Without existing user adoption, there is very little chance of long-term appreciation of the crypto/token price.  The Masternode project’s crypto/token must be used in some fashion, so as to establish what the token is being used for and how often it’s being used.  And the best projects have a platform and technology built for real-world use; a technology that WILL be used by people on a regular basis.  That shows a project is in it for the long-haul.

Careful research in each of these areas will help inform decision-makers, as to whether or not to invest in a particular Masternode project. While there are many Masternode projects that would not pass this analysis, the ones that do fulfill such criteria are certainly worth spending time and research on.

Masternodes have a lot to offer individuals and businesses, and will undoubtedly become a new technology that is demanded. Find the right project, support the right team, get involved with the community and assist with adoption, and your investment may just moon.

AXEL is a leader in data privacy and data custody, with a highly experienced team of experts. The company is launching one of the world’s largest decentralized networks to bring Ultimate Data Custody to our individual, professional and enterprise users.  Known as AXEL.NETWORK, this is a decentralized and distributed net that will launch in the first quarter of 2019. The company will also be introducing a number of distributed applications based on InterPlanetary File System (IPFS), Distributed Databases (DDB) and Blockchain technology throughout 2019 that will underpin our already vibrant decentralized application ecosystem and a large userbase.

As part of the project, we will deploy the AXEL Token, in a proprietary process called SOAP, which will be used to Secure, Organize, Authenticate and Protect (SOAP) user’s centralized and distributed data to ensure data privacy and data custody. AXEL will be swapping from ERC20 to AXEL Blockchain in the 1st half of 2019. Tokens for Masternodes will become available during the first half of 2019.

This includes AXEL Exchange, with a demo that’s is now available, as well as AXEL.NETWORK and the AXEL Token being integrated into AXEL’s core applications – Virtual Drive, TackAPP and Let Me See.

If you are interested in learning more or running a masternode for the AXEL.NETWORK, please contact [email protected]