YieldNode Pro or more Pro-blem?

 

These were some quite concerning mails from YieldNodes in the past few days that were sent to investors. All Non-Sapphire Withdrawals are paused for the moment as emergency measure. In a nutshell, YieldNodes informed their users about the challenges YieldNodes faces currently:

• Crypto Winter: All the coins they are master noding lost drastically in value, hence YieldNodes is not profitable in these market conditions currently
• Locked assets at exchanges: Binance and Changelly locked liquidity for YieldNodes
• Liquidity: Based on an interview, link below, it looks like there is currently about 10% left
• Euro and inflation

To avoid ending up as a ponzi-scheme the team had to come up with an emergency plan which is YieldNodes Pro, which is about getting regular income not only from master noding, but also from other business based on real assets. YieldNodes Pro was something in the pipeline for a while, but given the current market situation it needs acceleration.

The assets, summing up to 300 millions euros, that Decenomy, the company behind YieldNodes lists to ensure future incoming streams besides master noding, looks as the following:

• 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.

Users will subscribe based on their YieldNodes balance using NFTs, which will be traded once implemented. Until that point, which will be in 2023, Decenomy will pay a quarterly(!) contractual minimum interest of 5%.

More information on the YieldNodes page: https://yieldnodes.com.

There is a an interview with the CEO to provide you with with additional information:

https://youtu.be/ysEBK8ZpsGY

For the time being, it is probably best to held back with additional deposits into YieldNodes given the unexpected news arrived in the last couples of hours and days and wait until there is more news on how the new revenue streams are clarified (no financial advise as usual).

So how big is the problem? Hard to say. Given the transparency of the team, which was always appreciated, we are confident that Deconomy/YieldNodes will deliver their promises and get back into the profitable area they used to be and provide the profits again they delivered in the past. Even during crypto winter and the problems they are facing. There is some patience needed it looks like.