Want to earn passive income from crypto but don’t have the right rig and technical savvy to mine? Read Black Book Crypto’s latest review of YieldNodes and learn why you should get on this ASAP.
There are probably thousands of crypto-based projects nowadays promising passive income in exchange for your hard-earned fiat. The problem is that half of them will likely pull the rug under you after their creators are done pumping the prices.
And then there’s YieldNodes, one of the newer kids on the block, currently celebrating their third year of operations.
Black Book Crypto’s publisher, Joseph Giove, was curious about this whole masternoding thing and decided to risk his own money to see what the hype is all about. He then created a review that he periodically updates that is freely available to the investing public.
Before you put in your own money, we suggest you spend five minutes with it. Check it out at https://blackbookcrypto.com/yieldnodes-comprehensive-review-2022-profitable-masternode-project-or-scam
So how is his investment performing?
According to the latest figures, yields in July grew by 9.2%, 3.0% higher than in the month prior. This brings the average monthly yield from November to 7.9%, clearly beating both Bitcoin and Nasdaq, which have suffered a 70% and 30% correction, respectively, during the same period. “This equates to an annual yield of 120%,” Joseph explained.
The author also goes in-depth as to how these gains are achieved, so you can have an idea on how it works. According to Joseph, the program generates revenue from the increase in the value of the coins staked in its pool by the individuals running a masternode—a critical part of the blockchain infrastructure with more responsibilities and potential rewards for its operators than regular nodes.
Despite its recent gains, Joseph said that YieldNodes has a “high-risk participation model” owing to the inherent volatility of cryptocurrencies. “It’s important to do your own due diligence before participating,” he advised.
He further explained that YieldNodes manages this level of volatility by masternoding a carefully selected portfolio and investing in coins that have the potential for real-world use, such as Sapphire. “At the time of this writing there are 19 integrated projects contributing to the monthly yields,” he said.
Furthermore, Mr. Giove described the steps he performed at assessing YieldNodes’ legitimacy. According to him, he was able to verify the background of the team behind the operation and review the company’s books. He also learned that independent auditors have found the company’s balance sufficient to cover its obligations to members.
What’s Joseph’s verdict then? “Near as I can tell, YieldNodes is not a Ponzi scheme,” he stated.
About Black Book Crypto
Based in Lafayette, California, Black Book Crypto was founded by cryptocurrency researcher Joseph Giove in 2016, with the goal of allaying the public’s fear of the asset class through well-researched content.
Next time you see a new crypto project trending on Reddit or elsewhere, stop by Black Book Crypto first to check if it’s legit or not.
For everything YieldNodes, bookmark this page for further updates: https://blackbookcrypto.com/yieldnodes-comprehensive-review-2022-profitable-masternode-project-or-scam
Disclaimer: The information provided on this page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and it should not be treated as such. This content is the opinion of a third party and this site does not recommend that any specific cryptocurrency should be bought, sold, or held, or that any crypto investment should be made. The crypto market is high risk, with high-risk and unproven projects. Readers should do their own research and consult a professional financial advisor before making any investment decisions.