1. YieldNodes Rewards and Payouts
Will the staking rewards of 5 % be available for withdraw at the start of January 2023?
The 5 % is provisionally allocated to the account and thus also later to the NFT. The basis for the 5 % is the total deposit including all rewards and pending withdrawals. Since there is currently no market volume, we would not be able to sell the coins without dumping the price even further. In addition, the price of most coins is currently so low that the 5% on an euro basis every 3 months represents a higher return.
However, we are working on a solution to pay out parts of the masternode earnings on top to the 5 % in the corresponding coins during the transition period. With this solution of paying out temporarily blocked coins, we could also compensate the partners whose payouts were not executed. The claim to these coins will also be registered in the NFT.
I know whats done is done and history is history. I just want to know whether our funds are safe and will you honour our deposit once YN has stabilized? I don't mind waiting for 1 or even 2 years.
Assuming everything works fine, in an ideal scenario, will the benefit from masternoding be resumed, as an additional source of revenue?
2. YieldNodes withdrawals
We will start with a lower limit for claim sales of 10% and will increase this lower limit by 10% every 2 weeks, until we reach 75% (the last increase will be 5%). All sell offers remain open until they are either sold or the seller withdraws his sell offer or the conversion into a NFT of the claims has happened and they can be traded. If the lower limit increases and is thus higher than a seller’s offer, it is automatically increased.
No one is obliged to sell through the claim sale (EW) at a low percentage and we also advise against it. But even if some do not want to believe it, there were many requests to create such a possibility.
If you want to pay out the real value, you have to wait until the coins are backed up with real assets and thus have value again. This is the reason why we offer this 3 payout steps.
Furthermore, it has been mentioned by most investors that they do not want to experience things like Uwe Kuhne experienced with YNL and others. They want to protect their families and their employees from such attacks.
That, for example, with the music publisher is a huge problem. This company, which is run as a medium-sized business, is very family-oriented, lives from its good name and has done so for more than 20 years. Actions such as those against Uwe Kuhnle would be very damaging to this company.
Uwe Kuhnle and the IPI Group were also considerably damaged by the unspeakable video of Levi and his group. Of course, this has legal consequences and Uwe Kuhne is well positioned with his legal team to assert corresponding claims. However, we do not want to do this to other partners and other companies associated with us.
However, we still offer to view the facilities and the associated property of the IPI Group and see for yourself. For the other people who want to bring in assets we are looking for a possibility that notaries confirm the values without us having to give addresses. These can then be checked by elected auditors from the community, who are not allowed to give any information about the address and the owners. We hope that the situation will return to normal so that we can play with open cards again.
What if nobody buys my account during the auction? Will YN have a contingency plan and intervene to help with such cases?
At some point in the future will there be a mechanism to withdraw periodical or monthly profit WITHOUT it being directly added to the NFT (as was the situation previously with the slidebar to compound 50% and withdraw 50% for example)?
In relation to the pending withdrawals made up to September 15th, which were due to be paid. Some have gone out others are still waiting. According to your process it takes 1 month to pull those funds out from the masternoding ecosystem. As those funds would be set aside and ring fenced to pay out those pending withdrawals. Will you be processing those withdrawals as soon as your Binance account is no longer suspended?
Surely it would not be ethical or reasonable to pay some in October but withhold the payout for others. We should be treated equally. I can understand the need to withhold funds not withdrawn but the funds already set aside for those who made withdrawal request a month ago should be honoured especially as payments have already been made to people but not all.
3. DECENOMY and DECENOMY Coins
What about people who hold DECENOMY coins directly? How will they get value in future? If the outside value is injected through YieldNodes Pro, then all the DECENOMY coins outside SAPP are abandoned and worthless?
This is necessary because DECENOMY needs a different kind of evaluation than usual. We need to value yield value, but also things like e.g. carbon savings or socially responsible behavior.
At the same time, the Swiss IPI Holding is planning a consolidated balance sheet to show the economic strength of the IPI Group. But this will also take some time.
The company IPI AG is the one that owns the solar farms etc and the CEO is also a registered director for DECENOMY. How will all this tie into YN PRO. Will our profits be based on the coins masternoded on these assets?
DECENOMY PLC in Malta was founded to manage the assets that are brought into DECENOMY. Since DAOs are not yet legal constructs, we have taken the form of a PLC for this purpose. This legal form is the closest to a DAO among all legally effective legal forms. As soon as the DAO is recognized as a legal form, we will strive for a conversion, possibly we can also wrap a PLC into a DAO.
DECENOMY PLC was not active until now and has by law nothing to do with YieldNodes which is a project of Exceptional Media Ltd in Hong Kong. Mr. Uwe Kuhnle is not involved in Exceptional Media Ltd in any form, neither on the owner side nor operationally.
To the question:
DECENOMY is intended to become an economic area that is valid worldwide, independent of national borders or other regional restrictions. The value of an economic area is measured by the economic performance, which is created from existing assets, existing work force and added value. Directly linked to this is the value of the associated currencies, in the current regional economies these are e.g. USD, EUR, CNY, and others.
Therefore, the plan is to bring assets into the DECENOMY economic area (through tokenizing), where their owners legally guarantee that all economic actions (buying, selling, trading, value creation, etc.) will be carried out within DECENOMY. The corresponding amount of coins is generated for the contributed value. This is provided in the economic space, nothing changes in the ownership for the time being, only the value from DECENOMY is rising an so also the real value from the coins.
In the second step, the owner can offer these assets for sale tokenized in whole or in part via YieldNodes Pro. Since these assets collateralize the value of the network, the owner of these assets receives, in addition to the distribution of profits, some kind of interest and compensation coins, which, for example, rewarden environmentally friendly or social behavior. Details will follow later, as this would go beyond the scope of answering this question.
IPI with its CEO Uwe Kuhnle has been supporting DECENOMY for more than 2 years and is willing to contribute most, possibly all of its assets to DECENOMY. By doing so, it increases the value of DECENOMY and some of the coins associated with it, which also increases the value of the masternodes’ earnings. Therefore, all users have an advantage by contributing these assets, but none are directly invested in them. If someone wants to invest directly in these assets, they can do so later through YieldNodes Pro. IPI is not the only company that wants to contribute their assets.
Regarding the new investors and partners: What makes them so interested in DECENOMY? Do you have an investment deck that you share with them?
In addition, they receive some kind of interest for contributing their assets and can get rewards for social and ecological behavior in addition to the normal value creation. This changes the governance effect, instead of social and environmental behavior costing the company, it generates revenue. This corresponds to the idea of a sustainable economy, since social and ecological behavior are values and not costs.
Urs and Steve said if the community voted you would be willing to put up your real assets as collateral?
How does this pegging to real world assets works and how YN partners will receive profits from this business model? Please explain how the new assets will benefit us existing YN investors.
The value of money actually results from the value of the economic area where it can be used. In turn, the value of the economic space is defined by 3 factors:
Land is also often mentioned as a factor (e.g. from Smith & Ricardo or from Marx). In DECENOMY we add it to the assets, in times of virtual business models, the land is always somehow connected to assets or is an asset itself.
These 3 factors create value. Labor and knowledge are leverage tools, which increase the value of the assets in the context of value creation. Modern technologies have turned parts of work (robots and AI) and knowledge (databases, big data) into assets themselves.
The willingness to work and the provision of knowledge are in turn attracted by interesting assets, so assets are also the basis for ensuring that these two factors are available in sufficient quantities.
The consequence of this is that the basic factor for the value of an economic area is the value of its assets. But if the value of money depends on the value of the economic area, then the value of money also depends on the value of the assets within the economic area.
In DECENOMY, the economic space is defined by the assets.And this has always been the DECENOMY plan, which we are now accelerating because of the situation that has arisen:
We introduce assets into the DECENOMY economic space that trigger economic activity and value creation there. As a result, the associated coins will increasingly be used for real economic transactions, thus rising in value and stabilizing.
Since there is no real legal status yet for DAO, NFT and other smart contracts, which will be the tools to incorporate the assets in the long run, we are resorting to existing legal forms and constructs.
This means, for example, that DECENOMY assets are held by public companies and we wrap their shares in NFT. Partners who bring in assets commit themselves to carry out all economic activities in the DECENOMY economic area. Corresponding contracts secure this. Via YieldNodes Pro one can then participate in these assets via this NFT. As I said, this is a transitional solution until DOA, NFT and Smart Contracts can enter into legally binding contracts themselves.
To create legal certainty for this, DECENOMY PLC, Malta was founded as a company to make legally binding agreements for this. Therefore it is counterproductive if this company is attacked by people who want to protect their deposits.
I would like to know what is enticing other companies to follow Steve's plan to bring in their assets to the project. Are they purely just donating?
You move your company or your assets to another economic area, combined with another jurisdiction, e.g. to save taxes, to have lower costs, to get better educated employees or to have shorter logistic distances.
DECENOMY is also such an economic area. But of course it cannot offer tax advantages. On the other hand, DECENOMY can offer interest on assets (in addition to profits), investors can get crowdfunding for projects much easier, there is (almost) no inflation due to decentralized money management, transactions are transparent, market power of corporations is broken, social and ecological actions do not generate costs but generate income. For many of the partners we approached, this was all very attractive.
Another advantage, of course, is that blockchain technology can be used for real assets, not just virtual assets. This makes many things in the real economy more efficient and transparent.
How DECENOMY coins will be pegged, I can understand the concept of stable coins like usdt which is pegged with usd. But how does pegging works with real assets?
When the economy weakens in an economic area, such as the euro zone at present, the associated currency looses value. An economic area such as Switzerland, on the other hand, becomes stronger and the value of the Swiss franc increases. This shows very clearly that economic performance is the essential sustainable value. The higher the economic performance, the higher the value of the currency (highly simplified, I know, but the point here is the principle).
The basis for the economic performance are assets, from which in conjunction with labor, land and knowledge generate yield. It follows that the value of the economy, and thus the economic power, is ultimately determined by the value of the assets it contains.
Since the value of the coins depends on the economic performance, the coins are made valuable by the assets in their economic space.
This system is much more sustainable than any gold standard or the USDT (which for me offers no real safety). But the explanation for this would go beyond the scope of this answer and will be part of the next versions of the lite paper/white paper.
Steve mentioned that the YN Claims portal will evolve into a marketplace to trade NFT's. Will there be others, like Opensea, and is this the ONLY way to invest into Decenomy and in order to take regular income, will we have to sell portions of our NFT, as it increases in value from economic activities, on marketplaces outlined above?
Virtual assets, which will of course exist in DECENOMY, could be traded as a NFT on OpenSea just like the YN NFT. However, this decision has not yet been made. In the spring before YNP comes out, we will create a way for YN NFT to be traded. This will happen at OpenSea or a dedicated platform or both.
Will there be some opportunities with more recession proof industries?
There will be much more to come. We want to build a platform for people from all industries so that they can use it for their business, their free time, their job, their education, their social security and much more.
In the process, we will help make environmental protection economically worthwhile. Only in this way will we be able to master climate change and make the world a little fairer again. The unconditional basic income is also a topic.
Some may think that I am a megalomaniac. We will show you with a team of experts that all this is possible. I have an 8-year-old son (I became a father very late), I want to leave him a world that is at least a little bit better.
When will the DECENOMY YNP process diagram be released? What's going to happen with masternoding monthly profits? Will they begin again, and prior to 4Q 2023 should the crypto economy get bullish?
The diagrams have to be adjusted again and again by constant small changes. When we publish them, we want to have them real ready and not in a temporary status which produces again a lot of questions. Our plan is to have the version 1.0 in February.
4. YieldNodes Pro
YNP will generate returns from masternoding and staking when launched. Has the team considered any additional revenue streams for investors which may provide some diversification?
“Ask not what DECENOMY can do for you, ask what you can do for DECENOMY”.
Tell people about DECENOMY, tell them about the benefits blockchain combined with decentralization and smart contracts. Use the DECENOMY platform from the beginning when the first features are unlocked and involves other people.
DECENOMY is not just about making money, it is about changing the free market economy and the monetary system so that we no longer serve the money, but the money serves us again.
DECENOMY is a new type of transaction network that has a similar or even higher complexity than the Internet itself. Actually, no one can correctly describe the Internet in a few sentences in all its complexity. Most explain the Internet in terms of individual functions and benefits, please do the same with DECENOMY.
New investors are buying into ynp right now at a 90 % discount. What are some ways you are going to reward those of us who didn’t sell and stick around?
However, the chance is quite high if DECENOMY and the coins behind it are backed by assets of value.
In the medium and long term, however, the economic development will determine the returns, which is the only way DECENOMY can function sustainably. In addition to the financial returns, there will also be advantages in the use of the assets in which one is invested.
There will also be an interest on assets and rewards for social and ecological behavior, which will also lead to new business cases. Therefore, the revenue opportunities are multi-layered.
Will YNP have a monthly passive income option like YN did. Some percentage of return that we can choose to compound, claim, or some combination of the two?
I think it’s important for investors to know that the risk of our capital/fiat/crypto won’t be frozen because of external bad actors or whims of an exchange. What is the plan of Yield Nodes Pro to mitigate these risks?
For those considering staying in the project can you provide more details how YNP will work. I.e. will the NFT mint be limited to current investors only thereby restricting supply? How will asset owners bridge capital between the fiat world and the DECENOMY coins etc?
The NFT is bought and sold with cryptocurrencies. Each coin represents an economic sector, each coin is exchangeable against other coins and fiat currencies.
YN NFT are a special feature. They are a certificate of claim from YN. They can either be sold directly on an appropriate exchange or exchanged for YNP NFT at YN Pro.
This economic space, called DECENOMY, is planned for Q4/23.
5. NFTs in YieldNodes and YieldNodes Pro
How do I cash out earnings every month without selling the whole NFT? Can I sell partials of the NFT?
In Q4/23 this YN NFT can be exchanged for a YNP NFT. This will then again be a masternode pool that will pay out monthly income in some sort of dividends similar to YN.
In the third step it should be possible to exchange YN NFT for YNP NFT on YieldNodes Pro. These are then investments in real assets and asset pools with different profit possibilities.
If DECENOMY has proven by then that it makes its coins valuable again through real assets, the values of the NFT will automatically increase, so that a market will also arise which attracts buying interests
The revenue distribution will increase the NFT value during an initial phase (1 year?), but is there a phase where those revenues will be distributed/withdrawable as BTC or stablecoins, without going automatically to the NFT balance ? Just like in YN where we have the choice to withdraw or compound.
How will the NFTs be pegged to the value of the real assets and thus be able to sell for the fair value? Do NFT holders have a claim on the underlying assets?
The owner from the assets can offer these assets for sale tokenized in whole or in part via YieldNodes Pro. Since these assets collateralize the value of the network, the owner of these assets receives, in addition to the distribution of profits, some kind of interest and compensation coins, which, for example, rewarden environmentally friendly or social behavior. Details will follow later, as this would go beyond the scope of answering this question.
DECENOMY coins will be ``pegged`` to the assets values: does it mean that in case of a worst case scenario, the assets are sold to retribute the respective values to coin holders? I assume No, So what does ``peg`` mean here?
YN does monthly distributions versus the NFT approach which appears to be an autocompounding (adds to the balance) type of distribution. I believe the NFT value will definitely increase if not at par, if the distribution (monthly BTC payout) is the same as YN. If NFT is Urs' unilateral direction, can you at least ensure payouts are the same setup as YN? I also think this will incentivize more investors to stay.
There will be different profit distribution models depending on the asset, some similar to dividends for stocks, others will pay additional distributions for CO2 savings, and in addition there will always be some kind of interest for assets regardless of their profit distribution. In enhancement to that, depending on the assets, there will also be completely new profit draw rights, such as perks, free use of the assets, and whatever else partners come up with creatively with them. There will also certainly be a masternode pool again in the form of NFTs, which will work similarly to YielNodes and will also pay out monthly profits.
I believe it’s important for old and new investors to know in addition to technical details that the benefits to us remain the same. If the plan succeeds where real assets back DECENOMY coins…and masternoding is still happening, is it possible for investors to enjoy similar monthly yields to withdraw or compound as to before the pivot to Yield Nodes Pro?
If you invest in a new asset or coin (like the energy coin planned in Dubai), e.g. similar to Tesla, a quite high profit is always possible and those who invest cleverly in assets can certainly make good money there.
But DECENOMY will have a system that essentially only economic parameters can change exchange rates and prices. So, speculation is still possible, but speculators (e.g., whales) can no longer manipulate prices themselves by large purchases or sales.
Especially in the light of what happened from September on (active dump of our coins) we see ourselves more responsible for the price stability of our coins than for maximum risky pool returns. Investors will be able to transparently decide their risk themselves.
Is all money being treated equally? I have some locked masternoding and some pending, as it was in the withdrawal process.
The current YN balance will be converted to shares and tied to an NFT, that will give access to benefits from the assets, is this benefit withdrawable on USDT/USDC/BTC? Or will it add up to the NFT share without a possibility to directly withdraw the benefits?
If the benefit adds up to NFT balance, without direct possibility of withdrawal, does this mean that the only way to get the money is to exit the program?
– Sale of the account.
– Sale of the NFTs (Q2/23).
– Continuation of the program through a YieldNodes Pro (Q4/2023).
What about for those who don't want to partake in any NFTs? I never would have made a deposit had I known I'm buying some ideas and visions about future NFTs.
I accepted to masternode my money and to take all the risks - I never accepted to use my money for other services, nor to convert them in equity/NFT or any other use different from masternoding. So all this news seems illegal to me because there is no explicit acceptation.
Is this fair on YN investors who helped YN accumulate all the Masterbodes and millions of SAPP tokens on behalf of them, to then profit 100% from the future sale of these SAPP tokens under the new withdrawal/claims/NFT scheme as we are cashing out to a buyer on the other end and you no longer need to sell SAPP to pay investors?
But if there are enough assets and thus the value increases, then each NFT has the value roughly equal to the original deposit.
Will YN/YNP resume its previous business model in foreseeable future, where everyone gets a payout as return from YN/YNP, instead of waiting for potential buyers to sell the NFTs?
With the NFTs, we make the profit claim rights of YieldNodes tradable and transferable. So people can sell their share if they don’t believe in DECENOMY and YieldNodes Pro. At the same time, our partners’ profit claim rights can be transferred to YieldNodes Pro and this is independent of any websites.
After the transfer to YieldNodes Pro and start of the service, our partners have the same opportunities as before and get a share of the masternode income in YieldNodes Pro.
From this point of view, our YieldNodes partners have the same options in YieldNodes Pro as before and only get additional options through the NFT, such as selling the profit claim right and maybe even lending it in the future.
Can we get an indication of what the income might be for the end of 2023 in %, if we kept our initial YN investment? Will it be monthly, quarterly or otherwise?
However, we will increase the value of deposits by 5% every 3 months.
Our goal is to raise the value of deposits back to pre-crypto winter levels, but we cannot promise that either.
The priority is to maintain a stable and secured value so that this will not be a flash in the pan.
6. Financial situation at YieldNodes
Unfortunately, we can’t disclose more internal stuff. We have to and want to treat all our partners as equal as possible in our decisions. In YieldNodes Pro there will be much more transparency within the investments.
There was at least 6M locked on Binance, and maybe more money elsewhere, how will this be used ? is this the 10% remaining that Steve was referring to?
James Pelton who is one of the auditors said reserves are all in btc. May I know why it dropped from 130% to 10% when btc price didn't change much?
I struggle to see how 90% was lost? Sapp dumped as Urs sent the email and we all thought it was yield nodes that pulled what liquidity they had left. And on top of that in thr audit it shows 30% over collaterolised by BTC. So I'm thinking overall people should be able to get at least 50% of their stake back?
As before, we will not make any promises on future returns. We will explain what we are doing, with what assets with what values the coins will be collateralized and you will have to assess for yourselves what returns you think are possible.
YNP have secured 300M+ assets, what kind of contract is there between the owners and YNP? Does all generated revenues from those assets belong to YNP?
Regarding the assets audit we would like to tell that we are in an ongoing process with the surveyor doing the expert reports. We are expecting the final documents in Q1/2023.
Exceptional Media Ltd's LEI had lapsed earlier this year, according to official records, yet it is still the public correspondence of YN. Can we understand why that is the case?
Since YieldNodes is not regulated, no LEI is required. It was applied for before by mistake. However, as you can see from the register, the company is still active.
7. Success of YieldNodes Pro
How would you rate the percent chance of YNP being a success and what are your concerns or risks that it could fail?
The only way to gain profits or cash out from now on is to sell our stake to new investors. If this DECENOMY venture fails, and there are no new investors, are we basically left with 0 % of our capital?
Ex YN investors who decide to stay in the program will get an NFT that represent their balance, and maybe new investors will come. At a certain point, the total value of NFTs will be equal to the total value of the real assets (300M). Does this mean that no more new investors can join at this point? If they can join, it means the capital will be diluted and the revenue drops, or did I miss something?
Is it correct to view the Assets which Asset Owners bring to DECENOMY as being like Company Assets on the stock market, and the NFTs that are linked to those Assets as ``Fractionalized NFTs`` as for a security with a prospectus (for example, an Asset's value might have, example 100,000 Fractions like a Company offering 100,000 Non-Voting Shares/Stocks which anyone can buy) where the buyer can keep the Non-Voting Shares/Stocks (Fractionalized NFTs) in their portfolio and receive Returns on their investment (like Dividends) or the buyer can sell their Non-Voting Shares/Stocks (Fractionalized NFTs) on the 'stock market'?
The following YN wallet TSRR6SvZFY28stvzKAvc3ozwEWdRA6R9K9 sent USDC 75,570,664.30 to a Gate.io exchange wallet (TBA6CypYJizwA9XdC7Ubgc5F1bxrQ7SqPt) over a period of 300 days. What happened to the funds and why were they not used for masternoding?
9. Marketing Plans of YieldNodes Pro
10. The Mobolith Project
Assuming the assets (power plants for example) will make revenues, what is the revenue share between YN Pro and the owners of those projects? What is the deal?
My biggest concern is around the Iran power plant and the current sanctions that Iran are under. Can you give any assurances that this will not affect our investments?
We show that DECENOMY projects work everywhere, photovoltaic is not on any sanction list, it is highly profitable and what better way than to operate a PV power plant to keep Iran from nuclear power to produce no nuclear weapons grade plutonium hidden.
You mentioned in your first email that these yieldnodes pro plans will generate extremely high returns. How much % average returns are we talking about for yieldnodes investors per month when these plans go through?
In addition, there is the well-tried income from masternoding and staking, which in the medium term comes from fees and not from newly generated Coin.
Details will follow.
12. Yield Nodes Communication
Urs, I would like to have an assessment from you: what do you think is the current progress on the roadmap? Are you on track with the planned timing or are there risks/impediments?
Urs, there is a reddit profile ``bethennyxos`` claiming to be you, can you confirm if it's true? If so, would you be willing to have a conversation with the YieldNodes Legal group?
You recent announcement (Mid of October, 2022) looks so much better. If you started with that announcement than the previous one you sent through email we wont be in this big of a panic mess.
But you are right, I will try to explain more. We are working on a new information system DECENOMY is very complex.
Are we going to see the announced communication channels implemented in the near future and can there be one platform for all yield node updates? (Expect email)
In light of personal safety vs community accountability, what can the YN leadership team do to assure the community that they won't disappear into the night?
I am the mastermind behind the idea of DECENOMY and therefore, especially in this situation, extremely overloaded and yet I try to find time to answer the essential questions here.
I first got into YN in September taking advantage of the (seemingly) excellent SAPP deposit bonus. How much did you know about what was likely to happen in October, after lowering the barrier to entry to $100 and offering 10% bonus to those depositing in September? There is knowing risks, and there is knowing certainties. I knew the risks..
When we saw the problem of a possible bank run, we immediately stopped deposits and withdrawals to secure everyone’s deposit.
Since we had already planned to secure the value of the coins with real assets, we decided to bring this forward in order to give these assets higher values again.