Thread by @CrossChainAlex

🧵 An attempt at an objective review of #YieldNodes. A #masternode service that has generated an average of 10% a month on #stablecoins for 3 years to date. Like everything in #crypto it is high risk. I present the pros, cons, benefits and risks, as objectively as possible. 1/12

What is it? #YieldNodes offer managed masternoding, pooling investor funds, and managing the infrastructure and profit distribution. Here's a link for you to #DYOR. It is a ref link which means I receive a small commission on any deposits you make.

yieldnodes.com/?a=yGVRgX39EPQ… 2/12

What are #masternodes? Here is the investopedia definition and a link for you to research in your own time. Masternodes have been a commonly used part of #blockchain infrastructure for many years so it is nothing particularly exotic or innovative.

investopedia.com/terms/m/master… 3/12

Which coins do #YieldNodes #masternode? Primary coin is $SAPP. I believe that they effectively control the supply as the trick to generating consistent returns (risky too). They acquire additional coins/masternodes through their #Decenomy ecosystem, #DYOR here @decenomy 4/12

Here you can see the actual results of the service if you deposited €5,000 in September 2019. Taking profits each month, or compounding each month and compared vs. #Bitcoin, #Gold and the #DowJones. Past results are no guarantee of future returns. Presented without comment. 5/12

How does it work? Deposit/withdraw in $BTC or $USDT. Funds are tracked against $EUR. 6 month min. term on deposits. KYC is required. Withdraw profits monthly or compound. Claim they will refund your deposit and profits if yield drops below 5% for 3 consecutive months. 6/12

Who is the team behind it? You can find the team on the website and check their LinkedIn profiles: yieldnodes.com/?a=yGVRgX39EPQ…. The company is incorporated in Malta. Here is a very detailed deep dive background check on the team and company.

stephenmonro.wordpress.com/2022/01/17/yie… 7/12

Is it regulated and audited? They explicitly say that they are not regulated. They run audits twice a year inviting auditors to their offices to confirm that excess funds are held to cover all deposits. Check the audits section on the website for a detailed overview. 8/12

Is it a Ponzi scheme? Based on my research it doesn't seem to be a Ponzi scheme. But #crypto is full of scams. Whether it's exploits, or bad actors there is a high-level of risk with these kind of investments. Make sure you understand the risks before investing. 9/12

Can I lose all my money? Even for legit projects in #crypto the market is very new, speculative and largely unregulated. So your capital is always at risk on almost all #crypto investments. Here is someone else's research from a Reddit post that offers a perspective. 10/12

What does the future hold? The newsletter yesterday mentioned building a knowledge-base, details on an upcoming audit, and apparently they'll soon be announcing a partnership with a government (which I assume would add a lot of legitimacy). I'll keep an eye on developments. 11/12

Disclaimer: like all #crypto investments this should be classified as high risk. This is not financial advice, just a presentation of my personal research, please do your own research. I am personally invested in #YieldNodes. Some of the links provided are referral links. 12/12