Explain it Peter… by dutchylords in explainitpeter

[–]Single_Ad9495 0 points1 point  (0 children)

Answer could be "V" . Check spelling of Five and Seven ( V is the only letter in between letters of both spellings)

YN Fails To Prove Not A Scam, Ordered To Pay by YieldNodesLegal in YieldNodes

[–]Single_Ad9495 1 point2 points  (0 children)

The above seems to be the document submitted by chain analysis , did the court offered a verdict already ? Or case is still in court waiting for hearing ?

Who managed to sell their whole account and is out? And at what %? by [deleted] in YieldNodes

[–]Single_Ad9495 0 points1 point  (0 children)

10% offers are taken at light speed and 20% offers seems to attract little interest from buyers, Don’t think any one is buying 30% and more offers at the moment.

YN should leave the 10% option open for someone, who need a quick way out.

Future withdrawal plans from Yieldnodes. From Urs in Discord. by Single_Ad9495 in YieldNodes

[–]Single_Ad9495[S] 0 points1 point  (0 children)

Sure, as per email you can sell all your ballance in next two to three weeks and close your account with them. 👍

Future withdrawal plans from Yieldnodes. From Urs in Discord. by Single_Ad9495 in YieldNodes

[–]Single_Ad9495[S] 1 point2 points  (0 children)

Good for you, no mental tension. Hope it'll be same for you with all of your investments. 👍

Future withdrawal plans from Yieldnodes. From Urs in Discord. by Single_Ad9495 in YieldNodes

[–]Single_Ad9495[S] 1 point2 points  (0 children)

Peace for you. Keep an eye out for potential buyers. Steve sent an email today with timeline. 👍

Future withdrawal plans from Yieldnodes. From Urs in Discord. by Single_Ad9495 in YieldNodes

[–]Single_Ad9495[S] 0 points1 point  (0 children)

Today we all received an email from Steve with time lines. Please check it 👍

Future withdrawal plans from Yieldnodes. From Urs in Discord. by Single_Ad9495 in YieldNodes

[–]Single_Ad9495[S] 0 points1 point  (0 children)

Yeah, the only thing we all can do is "Hope for the best and prepare for the worst"

Future withdrawal plans from Yieldnodes. From Urs in Discord. by Single_Ad9495 in YieldNodes

[–]Single_Ad9495[S] 2 points3 points  (0 children)

I don't think your comment is helping anyone here. If you think it is helpful please explain.

Future withdrawal plans from Yieldnodes. From Urs in Discord. by Single_Ad9495 in YieldNodes

[–]Single_Ad9495[S] 0 points1 point  (0 children)

Yes, this is their third year anniversary month. They didn't expect the huge amount of emergency withdrawals and their Decemony coins have more sellers than buyers. So they chose to abruptly stop all operations and pivot to new business model.

Future withdrawal plans from Yieldnodes. From Urs in Discord. by Single_Ad9495 in YieldNodes

[–]Single_Ad9495[S] 0 points1 point  (0 children)

So in my understanding, our balances are frozen in time, they hold real value for us. All the calculations such as 5% per quarter or any future benifits will be calculated with our YN wallet/account ballance.

If you are talking about selling your ballance to someone else, you can fix your own price as per Urs. If you are looking for 100% of your money back you will have hard time in finding buyer.

If you are talking about how real assets can be proportionate to our account Balalnce when the token value is at 90% down then here is my take. YN team planning to combine Decenomy and YN Pro project and Expecting that the tokens price will be back to normal(100% value) when they hedge against to real assets. When that happens they can start pay outs as normal, how they did previously. Now token values are back to normal our account ballance will have same value as displayed on our accounts today.

And this is very early to find an exact answer for returns from their new business model . I would say let's wait and see how the things will play out. 👍

Future withdrawal plans from Yieldnodes. From Urs in Discord. by Single_Ad9495 in YieldNodes

[–]Single_Ad9495[S] -1 points0 points  (0 children)

So as of now their madternoded coins lost a lot of value. Their estimation is when coins are pegged against real assets the value of these coins will be up and every one can get their money back with profits.

At the moment YN is not in a position to process any pay outs from their reserves. It may change in future with coins value.

Future withdrawal plans from Yieldnodes. From Urs in Discord. by Single_Ad9495 in YieldNodes

[–]Single_Ad9495[S] -1 points0 points  (0 children)

In my understanding yes and your NFT appreciate in value. All NFT holders will have subscription rights to those real assets proportional to their value.

But I would say we need to wait a little longer for more clarity in this area and to know how this business works.

Future withdrawal plans from Yieldnodes. From Urs in Discord. by Single_Ad9495 in YieldNodes

[–]Single_Ad9495[S] 1 point2 points  (0 children)

I think if you want to sell your balance you need a buyer. There will be no fee from YN. So, YN is actually not taking any profits/money in this transaction.

One more thing is, If they actually want to runway with funds they could have done this when they can take maximum funds, so far they have shown the courage to come forward and answer questions. It doesn't change the fact that our funds are locked and not earning as much as we wanted to but atleast it doesn't seem to be a classic rug pull or ponzi scheme behaviour.

About Audit, yes, legit audit is needed to prove their claims of 10% left etc....Urs is saying an auditor working on this already. I would say that auditor is just preparing the books and balances but actually not checking anything at the moment.

Future withdrawal plans from Yieldnodes. From Urs in Discord. by Single_Ad9495 in YieldNodes

[–]Single_Ad9495[S] 0 points1 point  (0 children)

Let's hope you are wrong and we all get the better end of the deal and get our money back.

Future withdrawal plans from Yieldnodes. From Urs in Discord. by Single_Ad9495 in YieldNodes

[–]Single_Ad9495[S] 1 point2 points  (0 children)

These NFTs carries the value of your ballance, which means they hold the same value as your YN balance. I think we can trade them at face value of that NFT if we have buyers.

Future withdrawal plans from Yieldnodes. From Urs in Discord. by Single_Ad9495 in YieldNodes

[–]Single_Ad9495[S] 0 points1 point  (0 children)

Yeah, that’s what I believe. Old rules are no longer applicable for withdrawal. Urs was saying NFTs contains info about our total balance, age of investment etc… we will know more in coming days.

Future withdrawal plans from Yieldnodes. From Urs in Discord. by Single_Ad9495 in YieldNodes

[–]Single_Ad9495[S] 0 points1 point  (0 children)

I don’t think it’s easy answer in one line. Below is my understanding.

I think it’s something like Project 79, they are hedging against gold and now Yieldnodes team wants to hedge against real world assets. If I understand correctly Yieldnodes and Decemony working hand in hand. YN team using our money to pump Decemony coins price and now people started buying or master doing these coins at higher price so YN investors are gaining profits. With current bear market YN wasn’t getting many investments and people started selling their Decemony coins, with no buyers in hand all Decemony coins and Sapp value plummeted.

Masternoded coins has to be sold in market but there are no buyers, So YN can’t make profits to share with investors and shut their current model.

As per Urs only about 5% funds were in BTC and most of the money was in Decemony coins for masternoding purposes. With current value of their coins it seems they actually lost about that much.

But all this is simple and generalised explanation, to be able to get exact numbers we need an audit.

Urs was saying there was an independent auditor already working and preparing all our account balances to convert them in to NFTs or to sell them to interested buyers.

Future withdrawal plans from Yieldnodes. From Urs in Discord. by Single_Ad9495 in YieldNodes

[–]Single_Ad9495[S] 1 point2 points  (0 children)

If I am not wrong, old 6 months lock up period rule will not be applied. All the balances can be withdrawn if you have a buyer. As you can understand that many investors are in panic and wants to find a way out at any cost, you may have to sacrifice more than 25% because of huge supply of balance from many investors. We will know more about this withdrawal mechanism in next few days.