- 365 days
Rapids aims to conjoin the two advancing fields of Social Networking and Blockchain Technology through the revealing of Rapids coin.
RPD utilizes a two-tiered, energy efficient network that combines a Proof of Stake (PoS) protocol, for the creation of new blocks and the security of the network, and a Masternode network to enhance the stability, provide functionalities, and community-based governance. Running a Masternode or Staking (pos) with Rapids has many benefits and rewards. Each block creates new RPD which you can win for supporting the network, which is spendable within 6 confirmations! A great way to earn passive income on your holdings: 35%on Staking, 65% on Masternode. Masternodes will enable holders to vote & submit ideas for improving the entire network and to have access to many benefits across the network; Rapids Host Platform and partnered exchanges including airdrops for trading and memberships.
In order to be an owner of a Rapids Masternode, collateral of 10M RPD is required to operate a node. The reward distribution of the block rewards is based on a fluctuating structure to incite participation in the assurance of the network.
With its staking and masternodes, Rapids Network offers an attractive opportunity to generate a passive income. How you can stake with the Rapids Desktop Wallet and set up your own Masternode, please read these FAQs. For those who don't have time, experience or knowledge, there is a number of service providers for you: