Black Book Crypto has updated its review of the YieldNodes masternode server rental program with new data from recently realized gains. Its publisher, Joseph Giove, began recording statistics about his own stake in the program in November 2021 and has continued to give the public periodic updates ever since.
More information is available at https://blackbookcrypto.com/yieldnodes-comprehensive-review-2022-profitable-masternode-project-or-scam
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%, 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%,” Mr. Giove explained.
The author also goes in-depth as to how these gains are achieved. According to Mr. Giove, 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, Mr. Giove 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 added.
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.
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.
Interested parties can access the full review at https://blackbookcrypto.com/yieldnodes-comprehensive-review-2022-profitable-masternode-project-or-scam
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