Inspiration
I feel that I am quite late to Yield Nodes. I’ve known about it for a couple of years, but couldn’t quite get my head around how they were able to create such consistently high returns. I stayed away until recently when I took the opportunity to take a proper look and reassess the platform. They started in 2019 and went into beta testing in 2019/2020 before launching to the public later that year. The original USP of the business is the running of masternodes on proof-of-stake blockchains. Masternodes have higher level functions on the blockchain and help to keep the chains functioning. This in turn grants them higher level rewards compared to simple staking. They have since diversified into many areas but this is still their core business.
The blurb from the platform…
YieldNodes is a complex, multi-tiered Node rental program based on the new blockchain-based economy
In essence, revenue is generated through a combination of master-noding, price gains and services that work in unison to leverage each other in their own ecosystem . Since inception, YieldNodes has not only grown considerably, but has also encompassed other areas to stabilize and leverage revenue. These include its own listed cryptocoin, its own decentralized exchange, and a crypto-denominated shopping area. Further services, cooperations and business cases are in progress.
Started as a side project in 2018, YieldNodes entered an extensive beta phase with a group of hand-picked early-adoptors at the end of October 2019.
Over the next 31 months (beta-testing and live operation), YieldNodes generated a return of 314.7% for those participants – despite the Corona crisis.
What exactly is Masternoding
Risks and contingencies
Masternoding is NOT trading, so loss of capital is highly unlikely. Naturally, there are expenses, but servers are rented and contracts can be cancelled.
Clearly, fluctuations in coin prices affect the market, and master node earnings are always in coins, but Urs and his team monitor the master nodes constantly (24/7) and are able to react quickly to any events that might impact the yield.
Since the deposited stake becomes free again when a master node is switched off, Yieldnodes can pay back deposits at any time.
Performance
How does it work?
After registering its important to complete KYC and set up 2FA. Then you will be presented with the dashboard above. The only thing you need to do from here is deposit funds.
Deposit
On the deposit page you can generate either a Bitcoin or USDT (TRC20) address and then just send your crypto to the address. After the deposit is manually approved which can take a few hours they move into a ‘pending’ state for 7 days. After the 7 days your money will be put to work.
Important to note, deposited funds are locked for 6 months. You can withdraw monthly profits but not the initial capital until the lock period is complete
Profits
An indication of the monthly profits is given at days 8, 15 and 22 with a weekly profit being published. Then on the 1st of the month the total profits for the previous month are published.
Compounding
In the withdrawals section you can set your automatic compounding %. This can be set anywhere between 0-100%. Profits that are not compounded will become available to withdraw.
Withdrawals
Withdrawal requests can be made at any time but are not processed immediately. Withdrawals requested before the 15th of the month will be processed on the 8th of the subsequent month
My journey with YieldNodes
I made my first test deposit of €500 on 25th March 2022 followed by a further €1543 on the same day. A few days later on the 29th I added another €2602. I then waited a month to see the process for declaring profits and having an amount available to withdraw. Once I was happy with that I made a further deposit of €2366 on the 2nd May and at the end of the month €1332. A total of €8343 has now been invested.
The first month (April) I received €327 profit amounting to 7.1%. In May the profit was €408 which was 5.7%. Both of the months % were below the official figures as I had funds that were only invested for part of the month.
I have chosen a 50% auto compounding value. Although I am happy to invest, I feel it is sensible to reduce my exposure to risk by withdrawing part of the profits and reinvesting the rest to benefit from compounding. With this method I should have withdrawn my initial investment and doubled my working capital by around 18 months.
Audit
Twice a year Yield nodes Audit their funds and also conduct a feasibility study. As part of the process they invite users of the platform to become members of the auditing team. They have just conducted a raffle in June 2022 to decide who the lucky members will be that get to travel to Malta in July and become part of the Auditing team.
Referrals
YieldNodes has a referral system that rewards me with 5% commission. If you would like to have a look at the site and possibly register with the platform then please use the link button below
The Lazy Way 2 FIRE 