Posted on: 16. April 2018

DAO

# Provider of the Month - Passive income through Masternodes
The GetNode Club offers its members a stake in the only ever Masternode pool. to the provider - (https://www.getnode.io).

What is DAO?

The Data Access Object, in short form the DAO, is an object that provides an abstract interface for any type of database or storage mechanism. Certain functions are provided, regardless of which storage mechanism is used, and do not necessarily conform to this storage mechanism.

This design pattern is applicable to a variety of programming languages and to most software that stores information and databases. Traditionally, however, this template is associated with applications on the Java Enterprise Edition platform that interact with relational databases through the JDBC interface.

Ethereum DAO

The Data Access Object, a decentralized autonomous organization, is an interesting project in the form of a smart contract from Ethereum, which is essentially a kind of venture capital fund for investors.

The project started with the largest crowdfunding campaign to date, in which more than 20,000 people have invested over 12 million ether coins and now have the right to control the direction of the Data Access Object.

These are essentially the investors, who now have the right to vote, thanks to their DAO tokens, and therefore, decide for which projects the DAO provides funds, in the form of ethers.

The total number of Data Access Object tokens is over 1,172,000,000 (one billion one hundred seventy-two million). After the first crowdfunding period is over, no tokens will be issued.

Although the DAO crowdfunding campaign has raised over $160 million in ETH coins and can be considered a very successful business, there is still controversy surrounding the whole concept.


Passive income through Masternodes
Editor's recommendation: The Masternode Pool Club GetNode is the only provider of its kind. GetNode allows its members to participate in a unique masternode pool that is already over 100 Bitcoin in size. Through active management of the pool and constant purchase of new masters, GetNode has achieved very good results. So who ever wanted a passive income through Masternodes , here is the change. With a minimum of 1000 Euro or 0.2 Bitcoin a quick start is possible. The deposit can be made via Bitcoin or Euro. The payment is made automatically every two weeks via Bitcoin. We are even invested in GetNode with 1.2 Bitcoin and so far we are very satisfied with the results.

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