It’s been a while since we updated our Yield Nodes review but to be honest there hasn’t been much for us to actively report on.
We are still waiting for them to complete the transition outlined in our previous update in October (see below) to “Yield Nodes Pro.”
This is essentially a plan to switch to using real world assets to earn a yield from rather than previous activities such as mining and masternoding. Existing users have been told they will have their credit balances in YieldNodes converted into NFTs, which give a subscription right to shares in the assets Yield Nodes acquires.
There is a video update here giving more details on the plans.
In summary the latest info is that:
1. As per the roadmap, the NFT launch of the certificates of the assets will take place between March 15th and 31st, with the launch on April 1st. This will replace the Claim Sales system, which will end on March 15th. News regarding this launch will be sent via email.
2. They say they have more than 200 asset providers committed so far, with a yearly turnover volume of over 380 million.
In all honesty it is difficult to know what to make of all this until the new Yield Nodes Pro is up and running and we can see how much our yields might be – presuming things do actually work out and the whole thing doesn’t fall apart of course.
In the meantime we just have to sit on our hands, but at least we managed to get our original investment out plus some profit, so we have derisked our position. This is something we always aim to do in a project like this which is high risk and the events here have underlined the importance of doing so.
Yield Nodes – Results Update
16th October 2022
Well no sooner had we done our recent Yield Nodes update than some bombshell news landed from the Yield Nodes team.
It came as a real shock to us but here are some extracts from the e-mail that landed in our inbox this week:-
“Due to the current “crypto winter” and the general problematic economic situation (war in Ukraine, high inflation, high energy prices, weakness of the Euro etc.) we are forced to hedge our virtual assets with real and sustainable assets and to provide and manage them in a decentralised way.
Therefore, with immediate effect, we will restructure YieldNodes into YieldNodes Pro to ensure hedging by real assets and to ensure that our shared values are preserved in the long term.
The repeated blocking of exchanges like Binance and Changelly (of which are both still blocked) and the difficulties in lending our assets show us that it is time to implement the DECNOMY strategy as soon as possible and tie the value of our coins to real assets.
The general selling pressure has a negative impact especially on the prices of assets that are only based on monetary values and we currently have hardly any chance to cash out our profits from the Master Nodes. In addition, there are constant attacks on our coins, combined with the insubstantial statement that we are a scam. All this leads to the fact that we must immediately realign our strategy in the direction of DECENOMY.
We will implement this strategy through YieldNodes Pro. As many know, this has always been our plan, we are only bringing it forward because of the current situation and are starting the immediate implementation.
We currently have enough reserves, which we are now using to activate YieldNodes Pro. In doing so, we will integrate the existing and still to be developed real assets into our DECENOMY network and make them available to our partners via YieldNodes Pro directly or pooled as an asset.
The assets to be made available are available to DECENOMY through contractual agreements with various partners who strongly believe in our strategy and fully support us in its implementation.
These are:
– 2 hubs in Germany and Malta
– A large photovoltaic power plant in Germany (11.5 MW)
– Several photovoltaic power plants in Italy and Germany (>2 MW)
– A large photovoltaic power plant in Iran (23 MW)
– An HTC plant in Germany connected to all patents (https://htcycle.ag/en/about-us_8)
– A music publisher and streaming provider in Germany
– The Mobolith project with which we can charge electric cars without a charging network and which also compensates for the disadvantages of the very volatile power supply from the sun and wind.
– Various residential, commercial and social properties, building plots and forests where we focus on sustainable construction and management.
The value of these real assets amounts to well over 300 million euros. The return on these assets is extremely high, but also sustainable. More detailed information with locations, economic and technical data will follow.
To be able to implement this, we will convert payments made and credit balances in YieldNodes into NFTs, which give a subscription right to shares in these assets.
Until these NFTs can be traded, the contractual minimum interest rate of 5% per quarter will be ensured. After that, in a first stage, we will create a possibility for these NFTs to be traded (Q2/2023). In a second stage, based on YieldNodes Pro (Q4/2023), we will provide a portal that will allow our partners to convert the NFTs into equity investments and receive the returns from the associated assets.”
So a pretty dramatic turn of events there. We had no real warning or sense this was coming, although reading between the lines it seems clear that the crypto bear market has had a lot to do with it.
It must have become pretty difficult for them (or anyone for that matter) to turn a profit in the current market and they also say they had problems with liquidity and cashing out assets.
The switch to physical or “real world” assets is a very significant change however and is not one that was hinted at as far as we are aware.
It does say they will continue paying out at 5% per quarter, which is good news if it is honored, but we will have to wait and see on that front.
In the meantime we would not be joining the project now if you are new and we certainly won’t be putting any more funds in. We are actually relieved we recently took a big chunk of funds out in fact. It shows once again the importance of taking profits when you can and to always cash out your original investment as fast as you can in something high risk like this.
Anyway, things are very much up in the air now and we will have to just wait and see how it all plays out over the next few months and what the new structure looks like. We’ll bring you any further news as soon as we get it.
In the meantime there’s a Youtube video here where the founder talks some more about what has happened and the plans going forward.
Yield Nodes – Results Update
10th October 2022
Yield Nodes is a cryptocurrency scheme involving masternoding and related crypto projects. It pays out monthly yields to investors based on the revenue generated through its activities.
In opening our review we expressed concerns this could be a scam, based on the high returns claimed and having seen so many crypto-related scams over the years. As time has gone on it seems less likely this is a scam (although cannot be ruled out), but certainly it is high risk which the company themselves acknowledge (please see more below from update of 8th November 2021).
In any event, the returns over the last two months have been very good, with a profit of 6.1% made for August and 5.3% for September.
In August we decided to make a further withdrawal, this time for €1100. It felt like a good time to make another withdrawal as we had crossed the €2000 profit threshold and wanted to crystalize some more of our gains.
Our total gains now stand at €2316 to the end of September from an initial deposit of €1061 in December 2020. We have withdrawn €2260 so are now not only “playing with the house’s money” but have banked over 200% profit aswell.
You can view full results here.
In terms of news from the Yield Nodes team, the good news is that YieldNodes App was recently ranked #6 in Finance on Google Play!
The YieldNodes iOS App will also become available later this month, but remember to ONLY download via links on yieldnodes.com in order to stay safe from hackers.
YieldNodes is also now 3 years old!
YieldNodes was started 3 years ago in October 2019 …from a small noding and staking operation in Malta. They have grown into an organization of 50+ people with physical Hubs in Malta and Germany, 20+ coin projects, exchange partnerships, and are constantly transforming and reinventing the business through difficult times.
Please note for October only they are lowering the minimum initial deposit from 500 Euros to just 100 Euros, so it’s even easier to start an account.
You can start a Yield Nodes account here.
Yield Nodes – Results Update
14th August 2022
Yield Nodes is a cryptocurrency scheme involving masternoding and related crypto projects. It pays out monthly yields to investors based on the revenue generated through its activities.
In opening our review we expressed concerns this could be a scam, based on the high returns claimed and having seen so many crypto-related scams over the years. As time has gone on it seems less likely this is a scam (although cannot be ruled out), but certainly it is high risk which the company themselves acknowledge (please see more below from update of 8th November 2021).
In any event, the returns for July were excellent with a profit of 9.2% made for the month, which equated to €174.
That’s the biggest single monthly return we’ve had since February 2021, so was very welcome.
Our total gains now stand at €2206 to the end of July from an initial deposit of €1061 in December 2020. We have withdrawn €1160 so are now “playing with the house’s money” as it were.
You can view full results here.
In terms of news from the Yield Nodes team, mobile Apps for YieldNodes as well as for master