YieldNodes project owners from Hong Kong speak of proven profits and crisis resilience. The master node (a computer that is part of the blockchain) generates income. The site officially launched in 2019, having passed the beta testing stage before that. It could have been a story with a happy ending if the negative feedback hadn’t appeared online. We saw complaints about the company, doubts about its reliability, and accusations of scam. You will find all this in our author’s review.
- YieldNodes General Information
- Registration and Client Portal Review
- YieldNodes Investment Products
- Investment Plans Review
- Trading Platform
- YieldNodes — Deposit and Withdrawal of Funds
- Referral Program
- Is YieldNodes a Scam?
- Legal Information and License
- Yieldnodes.com Domain Info
- Contacts Review
- Lack of Guarantees
- Pros and Cons
- Frequently Asked Questions (FAQ)
YieldNodes General Information
|Phone number||+356 999 572 17|
|Address||Flat A, 15/F, Hillier Commercial Bldg, 65-67 Bonham Strand East, Sheung Wan, Hong Kong|
|Yield||5-15% per month|
|Investment term||From 6 months|
Registration and Client Portal Review
The YieldNodes site looks like an advertisement for a profitable project. But if you look closely, there is no concrete evidence of profit.
All relevant issues are discussed in the FAQ section. You can find out that master-noding differs from mining in two advantages: fast profit and low risk.
YieldNodes clients say in unison that the project has changed their lives. The company uses a “new technological breakthrough”. Even if it promises 5-15%, it exceeds the bank rate several times.
Pop-ups constantly appear on the site. We can see the nicknames of just registered users. The plugin is provided by a third-party marketing company provely.io. Well, let’s log in too.
You should fill out a short form. Then you will be immediately taken to your client portal.
Here all attention is paid to the dashboard, deposits, and withdrawals. The yield in July was 9.2%, although there is no proof again. You can also join the affiliate program, set up your profile, and read the knowledge base.
YieldNodes Investment Products
Member funds are used to rent servers for the master nodes. The master node is responsible for the authenticity, security, and proper functioning of the blockchain. YieldNodes promises to increase ROI for its investors with Proof of Staking.
The amount of money that the client will earn on the master-noding platform depends on the price of the coins. However, almost all master node coins are not used in the real world.
Therefore, the coins only depend on purchases for the master node. When this parameter decreases, the client’s earnings also decrease. It turns out that YieldNodes is unlikely to bring significant income.
Investment Plans Review
YieldNodes doesn’t have a rate line. The initial deposit is €500. The maximum deposit amount is 250,000 euros. If the client is not satisfied with the terms of the contract, he can terminate the contract, but not earlier than 6 months later.
Profit is projected in the range of 5-15% monthly. If it falls below 5%, YieldNodes undertakes to return the rental payment.
The withdrawal can be requested on any day, but it is better to do it from the 1-15th day of the month. Payment is made on the 8th day of the month following the reporting month.
The firm always distributes profits 85/15. Participants receive 85%, and the company receives 15%. The income you see on your account is your earnings. The 15% commission is already excluded.
All operations take place in the client portal (deposit, withdrawal, monitoring, verification). YieldNodes does not have a download app for PC or mobile devices.
YieldNodes — Deposit and Withdrawal of Funds
You can top up your balance in any convenient way:
- Bank Transfer
Payment of profits and interest can be in bitcoins, euros, or dollars. YieldNodes only charges a fee for bank wire transfer payments. It is 2.5% of the transaction amount.
There are KYC compliance documents in the client portal. You must verify your identity and address with the appropriate documents. You should also attach a photo of the signed Risk Disclosure Agreement.
There is no mention of these requirements anywhere on the website. Apparently, money transactions can be carried out without documents.
YieldNodes offers additional income through a referral program. After registration, the client receives a link to invite referrals. The referrer will receive 5% for each deposit.
Is YieldNodes a Scam?
While browsing the site, we have identified several interesting points. It is better to know about it in advance than to regret the lost money later.
Legal Information and License
YieldNodes is not regulated. The website states that the legal entity is located in Hong Kong. We used the Hong Kong Companies Registry (https://www.icris.cr.gov.hk/) and found out that Exceptional Media Limited was registered in 2008.
We don’t think this organization is related to YieldNodes, as the project owners don’t mention 2008 anywhere. They also do not have a certificate of incorporation or other evidence of the firm’s ownership. It seems our heroes have stolen the name of an outside company.
Yieldnodes.com Domain Info
The project claims to have entered beta testing in October 2019. This coincides with the real date of domain registration (2019-09-26).
According to SimilarWeb, more than a million users visit YieldNodes every month.
For communication there is only a Maltese phone number. Customers can also contact it via the feedback form.
We also found an email address in the client portal. YieldNodes also offers to address any questions directly to the CEO.
Only those companies that cannot inspire trust in any other way resort to the personality of the leader.
Lack of Guarantees
The FAQ claims that the company is being open by posting its story on Linkedin. According to the founders, clients should trust them because they are fully committed to the cause and plan to expand the network by buying side exchanges and projects.
These factors mean one thing — we have an HYIP project or a Ponzi scheme. A reliable investment company will not guarantee a large income. The signs of a pyramid also include a lack of official registration, an interesting idea, aggressive advertising, etc.
Pros and Cons
- Easy login
- Affiliate program.
- No license
- HYIP signs
- Bad reviews online
- Unclear legal situation
- Not enough information about the project.
Frequently Asked Questions (FAQ)
No, unfortunately. We have not found evidence of regulation.
You can use bank cards, bank transfers, and Bitcoin.
The deposit is taken for at least 6 months. Payments are made monthly.