When you first get into the world of blockchain, it can feel like a maze. Where do you begin? How do you start? How do you get started with a blockchain-based project? In this article, I will introduce you to the basics of how to buy a Strong node and how you set it up. It’s not always clear what you are supposed to do. That’s why today we are going to talk about how to buy a Strong Node step by step.
First, What is StrongBlock?
StrongBlock is a decentralized application (dApp) that allows individuals and businesses to create their own blockchain nodes at the click of a button.
StrongBlock is built on top of the Ethereum network and allows users to set up full nodes.
Full nodes are necessary for running a healthy blockchain network.
StrongBlock aims to bring blockchain and decentralization to the masses by allowing anyone to pay for and set up nodes with no technical knowledge whatsoever. In return for doing so, you get rewarded in Strong Coin (Now STRNGR). If you want to read a more detailed explanation of StrongBlock check out my in-depth article about Strong Coin.
How to buy Strong Nodes
StrongBlock nodes help blockchains become more robust and earn rewards for the service they provide. The more nodes there are in the network, the more decentralized it is and the harder it is to hack.
When you set up a Strong node you are rewarded with STRNGR tokens for helping to run the network. These tokens can then be traded on a decentralized exchange (DEX) where they can be bought, sold, and traded against other cryptocurrencies.
Here is how its works. You buy an Ethereum node for 10 STRNGR and then StrongBlock rewards you with 0.091 STRNGR per day until you reach 20 STRNGR after which point your node is retired.
You also need to pay a monthly maintenance fee of $14.95 which works out to about a total of $105 after 7 months (by which time you reach 20 STRNGR).
Apart from Ethereum nodes, you can also set up Polygon or Fantom nodes. Each comes with a different expiration date and reward pattern. For more details check out how long will strong nodes last.
OK, so now I am going to show you the steps you need to set up a strong node.
BTW, if you are reading this article on a mobile phone I suggest you switch to a desktop device where the whole process is so much easier.
Steps to acquire Strong nodes
Step 1: Get yourself some STRNGR tokens.
You are going to need 10 STRNGR tokens to buy yourself a node plus a little bit of ETH say $200 worth to cover transaction fees. In the past, you used to need STRONG coin to set up a node but nowadays StrongBlock has switched everything over to STRNGR. You can find STRNGR on any of the following exchanges.
- Uniswap v2
- Uniswap V3
Uniswap is a decentralized exchange. If you don’t know how to use it and this is your first time buying a token I would recommend you use a centralized exchange. Check out my instructions on how to buy strong coin to do that. There I describe how to buy STRONG on KuCoin but trust me all centralized exchanges are pretty similar. Hence you can follow the same steps to buy your tokens on MEXC or BKEX.
Step 2: Set up a wallet like Metamask
Like with any dApp, to interact with StrongBlock, you are going to need a wallet. The most commonly used one is Metamask. If you don’t have one you can follow this dude’s instructions.
Step 3: Move your STRNGR tokens to your Metamask wallet
Once you’ve set up your wallet you need to transfer your STRNGR and ETH from your centralized exchange to MetaMask.
Here is how you would go about this on MEXC:
In your orders, you will see the ETH and STRNGR that you have purchased
Click on where it says withdraw to the right of each coin
In the address field, you need to find and paste your MetaMask wallet address. You can find this by clicking on the metamask icon in your browser and copying the random string of letters and numbers where it says account. Make sure that drop-down says Ethereum Mainnet like in the screenshot below.
On MEXC, choose ERC-20 where it says withdrawal Network. Then select the amount and leave any remarks if you like so you remember what you have done. Click submit.
Repeat the same to transfer your ETH.
After a few minutes, the ETH and STRNGR will be available in your MetaMask wallet. However, you won’t be able to see them unless you paste the corresponding contract addresses into MetaMask.
To do this visit the STRNGR page on Coinmarketcap and click that little icon of a fox that says “Add to MetaMask” when you hover over it.
Once you do that you will see your STRNGR balance in your wallet. Do the same for any other token you purchase using MetaMask.
Step 4: Connect your wallet to StrongBlock
Next visit StrongBlock.com
Once you land on the site click where it says APP in the top right
Next on the APP page click where it says connect to wallet
Choose your MetaMask under the connect to wallet dropdown.
Once you click on MetaMask it will open the MetaMask browser extension. The wallet may ask you to enter your password (not the 12-word key string). Click next to connect your wallet.
Subsequently, the connecting notification will appear
Step 5: Get your Strong node
Now you can see that your wallet is connected in the top right. Next, you need to set up your node so click where it says “Create your Node”.
After you click on “Create your node” it will take you to a page where you can give your Strong node a name and description to remember what this is about. Something like the month and year might be useful.
Next, you need to scroll down and tick the box that you agree to the monthly maintenance fees. At this point it would be good to set up a reminder in your calendar to pay the monthly fee otherwise they remove your node if you fail to pay within 30 days.
Finally, click on “Approve STRNGR”. Your Metamask Wallet will open up showing the gas fees you need to approve.
Metamask will tell you the gas fees you need to pay in ETH. If I remember correctly you will pay gas fees twice.
And that’s it folks. You have now set up your Strong node and can check your rewards.
How much can you expect to make from Strong nodes?
You can invest as little as $20 to buy a Strong node but, mind you, you will need another $200 in ETH approximately to pay for gas and those pesky maintenance fees.
Many YouTubers are touting this as the ultimate form of passive income. All else equal you double your money in 7 months. But you need to be careful. All else is not equal and most people have been losing money for a while now.
To be honest I do not think investing in Strong nodes is a good idea right now. For more insights into this check out my article, “Is strong coin a good investment“.
Types of Strong nodes you can purchase
Apart from Ethereum nodes, you can also buy Fantom or Polygon nodes. Fantom rewards are lower than what you get with Ethereum nodes so I am not sure why you would want to do that. Polygon rewards, on the other hand, reach a maximum of 35 STRNGR but rewards are tapered so it takes 40 months to get the maximum rewards.
Other ways to earn a yield on StrongBlock
If you don’t want to buy a full node there are other ways to earn a yield on StrongBlock. For example, you can buy STRNGR and stake it or you can invest it in a liquidity pool on Uniswap and earn fees and STRNGR tokens. Check out how to mine Strong coin for more on this
Final Words on buying Strong nodes
One of the most exciting things about the decentralized economy is that anyone can participate, regardless of their experience or technical knowledge. This means that if you have the passion and drive, there are plenty of different ways to earn a passive income by investing in and supporting decentralized projects. You can buy a Strong node and earn tokens for helping to run the network. These tokens can then be sold on a decentralized exchange or used to purchase other services on the platform. If you don’t want to buy a full node or don’t have the money, you can also stake STRNGR to earn a reward or invest it with ETH in a liquidity pool on Uniswap. However, I encourage you to do your own research. This is an extremely risky asset and most people have been losing money on their Strong purchases so far.