Yieldnodes.com Exposed : Is It a Ponzi Scheme? (2023 Review)
I want you all to join me in learning about Yieldnodes.com, a wholly fraudulent trading and investing site that is a ripoff, using the information I have gathered from my research & evaluations. Come learn more about this deceptive technique in detail. Then you can let me know what you think.
The Yield Nodes website, which can be accessed at Yieldnodes.com, promotes a Master node initiative where investors can make “super profits” even in tough economic times.
You can help us put a stop to online scams before they grow too big and end-up ruining thousands of lives. A scam is a scam, doesn’t matter if it’s big or small. Now that this is out of the way, let’s get started with the review.
This website resembles a Ponzi scheme in certain ways. Instead of investing in an alleged masternoding enterprise, it would be sage to engage in trading.
It is claimed by Yieldnodes.com that the 500 Euro minimum deposit from investors will be utilized to buy and operate servers. Additionally, the seller claims that the money investors deposit on the platform will be utilized to buy the master node coins needed to get incentives.
Due to the complexities involved in installing the server, earnings will begin seven days after completing the required minimum payment in bitcoins. Regarding withdrawals, Yieldnodes.com asserts that they will change your funds into fiat currency or bitcoin and send it to you.
How exactly does a Ponzi scheme operate?
An investment fraud known as a Ponzi scheme draws investors with claims of great returns and no risk but fails to invest the money as stated. Instead, it pays off earlier investors with money from future investors while maybe keeping a portion of the profits. These schemes typically fail when recruiting investors becomes challenging or when multiple investors attempt to cash out. They depend on a steady flow of new buyers to operate. They are called after Charles Ponzi, who ran a similar scam using postal stamps in the 1920s.
The seller also states that, in the event that a customer decides against compounding, his money will be locked in for a minimum of six months, and Yieldnodes.com can pay back the initial deposit at any time.
Is this website just another investment scam aimed at confusing less experienced investors, or is there something more to it? It’s interesting to note that the promotional materials on the Yieldnodes.com, website even imply that the vendor invented masternoding first.
In addition, they want investors to be aware that the platform had been operating as a private pool for at least a year prior to their invitation to beta testers in October 2019.
Yieldnodes.com: Overview of a Ponzi Scheme
The owner of Yieldnodes.com, Steve H, is said to be based in Hong Kong.
You must comprehend the fundamental economics of masternoding currencies before you buy into the master node hype that Yieldnodes.com is promoting on its website.
Through Proof of Staking, Yieldnodes.com promises to deliver ROI to its investors. The amount of money you can earn on a masternoding platform varies according to the value of the coins.
Almost all master node coins are useless in the real world. The vendor would seek out methods of increasing the coin’s cost or producing more of them in order to reap any profits.
And since these coins are not used in the actual world, the only activity that influences their value is buying them for master nodes.
You stop earning money through masternoding as soon as this demand decreases. To put it briefly, this endeavor will not bring in a big sum of money for you.
Vendors can choose to deceive investors since they are aware of this fact and can choose to pretend that masternoding generates income when, in reality, they are using the money from investors for something else.
Although they ask for 500 euros up front, there is no guarantee that you will receive a real server or that you will be renting one at all.
The only goal of Yieldnodes.com is to get you to accept their master node story without further consideration.
yieldnodes.com Reviews: Scams Exposed by Clients & Victims
#1. yieldnodes.com don’t permit investors to withdraw their money
According to the comment above, investors are being warned that the funds do not permit the withdrawal of invested money. Instead, strange tales concerning various intangible tokens (NFTs) and transactions in Iran that investors never agreed to while investing are being told to the public. Urs Schwinger, the scheme’s brain, is seen driving Porsches about Malta in the meanwhile.
#2. A Negative YieldNodes Investment Caused Frozen Funds and Dangerous NFT Conversion
In the comment above, the reviewer said that someone had persuaded them to put £2.5k into YieldNodes, which at first glance appeared to be a good investment with the option to take profits. They decided to withdraw once their first investment had been matched, so they left their money to grow.
Funds were frozen, nevertheless, due to a market collapse. Now, YieldNodes’ sole choice is to convert the remaining funds into NFTs, but the NFT market has fallen and the business’s standing has been damaged.
The balance transfer was not guaranteed to be honored if the NFTs were sold and returned to Yieldnodes.com after a year or two.
The customer, along with others, was dubious about this NFT endeavor and refused to move their balances because they believed that they have been misled about the potential hazards involved and may be the victims of a swindle. They attempted to terminate the agony by withdrawing their present cash.
#3. Avoid it at all costs as it is a misleading scheme for profit.
According to the reviewer’s statement in the remark above, Yieldnodes.com is an unethical financial scheme that presents itself as an investing platform. They tempt customers who might otherwise be hesitant to deposit their money by promising high returns on investments. YieldNodes, on the other hand, act dishonestly, turning it into fraud.
The platform’s fraudulence is evident from the user’s own experience with Yieldnodes.com. They made a deposit of 800 euros two years ago, however, they are unable to make any withdrawals. They either get no answer when they try to get in touch with Yieldnodes, or they get useless links to long movies with no useful information.
At all costs, stay away from Yieldnodes.com. It deceives investors by making exaggerated claims of great earnings while engaging in dishonest business practices.
Instead of putting your belief in this dubious investment scheme, you would be better off gambling. Before participating in any money opportunity, people should use prudence and conduct extensive study.
#4. False Advertising and Unreliable Business Practices
The reviewer stated in the remark above that YieldNodes, an unreliable investing platform, was involved in a major fraud. Because the project’s creator, Stefan, has been accused of online fraud, there are questions about the project’s legitimacy. Despite promises of big returns, they have stayed stagnant for more than a year while deceiving investors with convoluted narratives.
Yieldnodes.com proposes a fake NFT method in order to defraud investors even more. Investors will be even more frustrated because it is probably useless and challenging to sell for a fair price. Many investors have suffered significant real money losses, leaving them with little possibility of getting their money back.
Investors need to exercise caution and keep their distance from YieldNodes’ tricksy practices. The website appears to be built with the intention of stealing money from unwitting users so that its founders can get rich. To secure one’s hard-earned money, comprehensive research is imperative, as is looking for reputable investment options.
#5. Deception and Asset Misrepresentation
According to the statement above, Yieldnodes, a fake investment platform, deceived investors about both its assets and connections.
They asserted ownership of the cryptocurrency Sapphire, ownership of the Birake exchange, and affiliation with a number of organizations, including solar farms and electric car charging stations.
Later on, it was discovered that all of these assets belonged to an entirely other business called Decenomy PLC that had not been made clear to investors.
Urs, the scam’s mastermind, created Decenomy PLC and Exceptional Media Limited (YieldNodes) as distinct legal entities. Urs and his business partner Uwe, the CEO of IPI, tricked investors into sending their Bitcoin from YieldNodes to Decenomy without their knowledge.
In the end, YieldNodes failed as the inflated Sapphire coin’s value decreased. A big scam was perpetrated when investors lost their original Bitcoin investments and were instead given worthless NFTs.
This sophisticated trick emphasizes how important it is to conduct careful research and take precautions before investing in any business or platform. Investors need to be on the lookout for potential frauds and suspicious of platforms that make broad allegations without offering hard evidence of their wealth or authenticity.
#6. Noded Balance can’t be transferred, and Customer Support is Insufficient
According to the comment above, the individual bought in yieldnodes.com with the hope of transferring their noded balance to their Withdrawable balance, but they have run into a number of problems.
They are still unable to access their funds even though the frozen period is meant to have ended. The connection between YieldNodes and Decenomy compounds the ambiguity and casts doubt on the platform’s reliability. The customer was getting more and more worried that they were duped.
The user had previously been permitted to make a tiny test withdrawal, but now that they invested a sizeable sum a year ago, they are not permitted to take any of their money. A deficient FAQ website and ineffective customer support simply add to the frustration and raises more questions.
YieldNodes’ user experience raises concerns that the platform might actually be fake. The difficulty in transferring the Noded balance, hazy ties to Decenomy, and inattentive customer service all add to the worries.
In order to safeguard the money they have invested from potential scams, investors should proceed with the utmost caution and stay away from the website of yieldnodes.com
#7.yieldnodes.com: A Trail of Unfulfilled Promises and Scam Allegations by Chainalysis
Over a period of 2.5 years, YieldNodes has constantly pledged to keep its investors happy by presenting partnerships with sovereign states and claiming to be working toward regulatory status in several countries.
Investors were left in a condition of limbo because none of these promises came to pass. YieldNodes’ credibility is further questioned in light of Chainalysis’s designation of them as a scam, a reliable instrument utilized by US federal agencies.
When they said they would look for regulation in Malta and Switzerland, YieldNodes constantly broke their word. Furthermore, despite having documentation to back it up in the form of a letter, their claim to have collaborated with So Tomé and Principe turned out to be mere platitudes.
YieldNodes has been exposed as a scam by Chainalysis, a research tool used by reputable organizations including the FBI, DEA, and IRS Criminal Investigation. This information raises more questions about the authenticity of the site.
YieldNodes’ integrity and dependability are seriously questioned by Chainalysis’ protracted history of unmet promises and accusations. To protect their financial interests, investors should consider these warning signs and proceed with the utmost caution before embarking on any interaction with this platform.
#8. YieldNodes: Serious Concerns Raised by Chainalysis and Binance
If I elaborate on the aforementioned remark, it will require more words. The client remarked that there are substantial questions regarding the legitimacy of YieldNodes raised by the evidence and cautions offered by Chainalysis and Binance.
Chainalysis is a well-known company with years of experience investigating illegal activity with cryptocurrencies, and they provide guidance to governments and businesses all around the world. YieldNodes was ranked as the second-largest fraud in their study on cryptocurrency crime, showing a high volume of fraudulent activity related to the site.
Chainalysis is a $8.6 billion company with enormous influence in the cryptocurrency sector, and its analysis carries a lot of weight. It is important to remember that they have labeled YieldNodes as a fraud, which should serve as a clear warning to prospective investors.
Furthermore, YieldNodes’ claims of validity have not persuaded Binance, one of the biggest cryptocurrency exchanges in the world, and as a result, Binance has declined to unlock the platform’s funds. This denial from a well-known exchange like Binance confirms the idea that YieldNodes might in fact be a scam.
#9. yieldnodes.com is related to Ponzi Scheme
Significant questions regarding YieldNodes’ validity are raised by the addition of a claims area that enables users to sell their balances. This new function reveals the platform’s true nature as a Ponzi scheme, where the balances being sold might not actually be available.
In essence, it’s comparable to handing out Monopoly money to unwary customers. YieldNodes appears to be nothing more than a business that sells worthless accounts to people who will never be able to recoup their investments.
The claims section’s existence draws attention to the problematic nature of YieldNodes’ financial situation. To minimize potential financial losses, investors should use great caution and abstain from taking part in such a scam.
The platform’s behavior is reminiscent of a Ponzi scheme, in which new investors’ funds are utilized to pay rewards to previous investors but no actual investing is done.
The inclusion of a claims section just serves to confirm the suspicions already held about YieldNodes and exposes it as a troubling Ponzi scam. To protect the money they’ve invested from potential scams, prospective investors must proceed with the utmost caution and refrain from using this site.
Nobody is certain, as of yet, that Yieldnodes.com possesses any servers beyond a webpage with flashy, gimmicky blockchain lingo. This story has always been utilized by sophisticated Ponzi schemes to try to convince people to deposit money.
Early adopters ultimately get the biggest return on their investment, while those who join later even have a possibility to lose. In either case, you might not get back what you put into the project with this game of guesswork.
It is only a scam!