{"id":14612,"date":"2018-03-04T00:00:00","date_gmt":"2018-03-03T16:00:00","guid":{"rendered":"https:\/\/www2019.dash.org\/2018\/03\/04\/first-crypto-etf-to-establish-dash-masternode-distribute-rewards-as-dividends-to-token-holders\/"},"modified":"2021-09-18T11:37:44","modified_gmt":"2021-09-18T11:37:44","slug":"etf","status":"publish","type":"post","link":"https:\/\/wp.dash.org\/news\/etf\/","title":{"rendered":"First Crypto ETF to Establish DASH Masternode, Distribute Rewards as Dividends to Token Holders"},"content":{"rendered":"
First Crypto ETF<\/a>, the world\u2019s first exchange-traded fund for cryptocurrencies, will establish a Dash masternode and distribute the rewards earned through the masternode to First Crypto ETF token holders.<\/p>\n The masternode system is unique to Dash coin. As the second tier of the Dash network, masternodes validate the blockchain and provide Dash users the ability to anonymize transactions. Masternodes are rewarded for their services with 45 percent of the mining fee generated by the creation of new blocks.<\/p>\n By establishing its own Dash masternode, First Crypto ETF will earn mining fees and redistribute these additional coins to the Strategy Index, which is First Crypto ETF\u2019s portfolio of 10 cryptocurrencies, including Dash. In this way, First Crypto ETF will regularly add new value to each token holder\u2019s portfolio.<\/p>\n \u201cThe rewards from the mining fees will be something like a dividend for token holders,\u201d says Peter Vr\u00e1bel, CEO of First Crypto ETF. \u201cThe mining fees earned from the masternode are a great way to add additional value to the Strategy Index.\u201d<\/p>\n The creation of a masternode fits with First Crypto ETF\u2019s overall mission to make cryptocurrency more accessible to a wider audience. Now, First Crypto ETF\u2019s token holders can reap the benefits of a masternode without having to establish their own nodes.<\/p>\n