How long does it take to receive the first reward after joining a shared masternode?

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When you book a masternode slot you will see if the masternode is either Pending or Active. If the masternode is pending, then you will not receive rewards until it has been started, but you´ll receive staking rewards until it becomes active. After a masternode is started it takes approximately 3 times the average reward frequency for it to get the first reward. You can see this frequency on masternodes.online.