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+--- Thread: Yield Nodes (/showthread.php?tid=6143171)
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Yield Nodes - ๖ۣۜDødgygeez - Mar 5, 2021
So I have come across a promising passive income service which supposedly runs masternodes with your initial deposit. I'm struggling to get my head around a couple of things so I thought I would share it with HF for your opinions.
https://yieldnodes.com/
https://yieldnodes.org/
This is their youtube channel in some videos you can see users claiming they have withdrew in the past and it shows the dashboard etc...
https://www.youtube.com/channel/UCTNUDZnc1pJUt8GYURYsMtQ
They support many PoS currencies and have acquired their own project named 'Sapphire'
https://coinmarketcap.com/currencies/sapphire/
Here are the reviews I have found on trustpilot, they all seem credible with zero negatives for scams.
https://uk.trustpilot.com/review/yieldnodes.com
I originally found this from Jon on tradewise.
https://tradewise.community/yieldnodes-review-is-this-platform-legit-or-a-scam/
They say you should expect an average of (around) 11% ROI monthly and they take 15% of them profits as a fee.
I am asking your opinions to reassure me that this is not an exit scam and is a legit service! I think it is very promising but I would like some other opinions. I will continue doing some more digging over the weekend. Discuss!
RE: Yield Nodes - Omniscient - Mar 5, 2021
A couple red flags.
1. High yield.
2. Multiple name changes and re-brandings.
3. Trustpilot is notorious for fake reviews.
Looks like a scam to me.
RE: Yield Nodes - ๖ۣۜDødgygeez - Mar 5, 2021
(Mar 5, 2021 03:41 PM)Omniscient Wrote: A couple red flags.
1. High yield.
2. Multiple name changes and re-brandings.
3. Trustpilot is notorious for fake reviews.
Looks like a scam to me.
Thank you for this.
I thought it was too good to be true. Thank you for bringing the rebrandings to light I was not aware of this.
I have also found this from the CEO of tradingwise, who is aparrently invested in this.
Quote:this is an unregulated investment as stated in my interview video with the CEO. I suppose there’s nothing to stop them from doing something like this, but I can assure you they are doing what they say they are doing (i.e. investing in masternodes) so they are certainly not just piling up money ready to sweap it all away into a black hole. There is always a risk like this when you send money to a platform though, and you need to account for this when deciding whether or not to invest.
Too risky for me!
RE: Yield Nodes - Docker - Oct 1, 2022
Reviving this thread because I wanted to open a thread of my own about Yield Nodes. It's going strong for the second year and haven't seen people complain about payouts or anything. Has anyone used this service? If so, what's your experience ?
RE: Yield Nodes - RsGoldKing - Oct 1, 2022
(Mar 5, 2021 03:41 PM)Omniscient Wrote: A couple red flags.
1. High yield.
2. Multiple name changes and re-brandings.
3. Trustpilot is notorious for fake reviews.
Looks like a scam to me.
Honestly 11% APY is not really high. Blockchain does upto 8.5 % on stable coins. Compared to bitconnect which offered 365% APY its really mid. im quite parsimonious towards yield schemes, so not going to invest.
RE: Yield Nodes - Docker - Oct 2, 2022
(Oct 1, 2022 10:57 PM)RsGoldKing Wrote: Honestly 11% APY is not really high. Blockchain does upto 8.5 % on stable coins. Compared to bitconnect which offered 365% APY its really mid. im quite parsimonious towards yield schemes, so not going to invest.
This is per month not per year the return you’re getting. Currently it’s around 5.5% in this market which is not bad and that can also be compounded which is even better
RE: Yield Nodes - RsGoldKing - Oct 2, 2022
(Oct 2, 2022 12:09 AM)Docker Wrote: This is per month not per year the return you’re getting. Currently it’s around 5.5% in this market which is not bad and that can also be compounded which is even better
So does blockchain https://support.blockchain.com/hc/en-us/articles/360043658491-How-the-Rewards-Account-works
At 8% fixed aswell.
RE: Yield Nodes - Docker - Oct 2, 2022
(Oct 2, 2022 12:47 AM)RsGoldKing Wrote: So does blockchain https://support.blockchain.com/hc/en-us/articles/360043658491-How-the-Rewards-Account-works
At 8% fixed aswell.
It's annually rewards of 8% which you get paid monthly the portion of that 8%. Yield Nodes is monthly. Unless i'm missing something.
https://ibb.co/N7H38Fy
RE: Yield Nodes - RsGoldKing - Oct 2, 2022
(Oct 2, 2022 01:03 AM)Docker Wrote: It's annually rewards of 8% which you get paid monthly the portion of that 8%. Yield Nodes is monthly. Unless i'm missing something.
https://ibb.co/N7H38Fy
Hmmm "Rewards will be paid before the end of day on the 1st of each month." Seems like by this statement pyouts are monthly which can be reinvested back into the account for compounding interest. Beats me whatelse could that mean, but sounds like its monthly.
RE: Yield Nodes - Docker - Oct 2, 2022
(Oct 2, 2022 01:31 AM)RsGoldKing Wrote: Hmmm "Rewards will be paid before the end of day on the 1st of each month." Seems like by this statement pyouts are monthly which can be reinvested back into the account for compounding interest. Beats me whatelse could that mean, but sounds like its monthly.
They literally state it's annually 8% which makes the "monthly rewards" less than 1%. Back to my point, Yield nodes currently pays ~6% in "monthly rewards".
RE: Yield Nodes - RsGoldKing - Oct 2, 2022
(Oct 2, 2022 02:12 AM)Docker Wrote: They literally state it's annually 8% which makes the "monthly rewards" less than 1%. Back to my point, Yield nodes currently pays ~6% in "monthly rewards".
I stand corrected, it is 8% APY. Mybad
(Oct 2, 2022 02:20 AM)Focus Broken Wrote: Who is paying you these yields?
the borrowers through the exchange.
RE: Yield Nodes - Docker - Oct 2, 2022
(Oct 2, 2022 02:20 AM)Focus Broken Wrote: Who is paying you these yields?
They are masternoding with the funds and they payout 85% to the people "staking" their money in the platform and keep 15%.
RE: Yield Nodes - Docker - Oct 2, 2022
(Oct 2, 2022 02:42 AM)Focus Broken Wrote: So who is borrowing?
No clue what he meant by borrowing but noone is borrowing anything. You deposit money in there which is calculated as FIAT so volatility isnt your concern in the crypto assets. They use the funds you deposited for masternoding and they payout what i mentioned above as ratio. Payouts are in Bitcoin but u dont care about the price of Bitcoin since everything from depositing to withdrawing is calculated in FIAT.
RE: Yield Nodes - DashPHP - Oct 2, 2022
A lot of projects with similar goals have collapsed. They might run for awhile, but leaving it there may hurt them later on…
RE: Yield Nodes - Docker - Oct 2, 2022
Just found this video while researching more which is 2 weeks ago interview with the CEO and founder of Yield Nodes explaining how everything works, sustainability, etc.
https://www.youtube.com/watch?v=8cmk0qiWZ1M&ab_channel=RicherinCrypto