YieldNodes Recovery Plan and Timeline
| Dear YieldNoders, As you can imagine, it has been a tough few days here following the announcement and the video. Please understand that to save everyone’s funds and commence the restructuring process, we had no choice but to make the decision that we made and as sudden as it was, it was the hardest decision we have ever had to make. Had we kept going this route with the continuous sell-off and sell pressure on coins topped with the locked-up assets in Binance, there would have been no recovery possible. That said, we have always been very transparent with YieldNodes being high-risk. Everyone signed a risk disclaimer and got the risk disclaimer on top of every email communication. Furthermore, in every email, I pleaded not to use funds that would put your livelihood at risk. (and every Video) Yet here we are… Many over-committed and now find themselves „drowning“. Of course, we do understand. This is a dire situation. It’s sudden, it’s shocking and it’s heartbreaking. All at once. However, this is not the time to put our heads in the sand and point fingers. It’s time to make things right and put a plan in motion for recovery. So, without further ado, here’s the tentative timeline: 1) Proving assets (1 to 2 weeks) We are working with real 3rd party Auditors to show that the claimed assets will be entered into the Decenomy ecosystem to clear up any doubt about its existence and what they will be pegged against. Doing so will bring real asset value to these coins. We also look for more partners to boost those assets up trough the year to have a big asset value to peg against. 2.) Reopening of Emergency Withdrawals (2 to 3 weeks) We realize that many people over-committed depositing funds and so we would like to give them the opportunity to exit with new partners who understand the risk and potential upside involved with taking these positions over. We plan to have it „auction-style“ so you can set your own loss percentage and leave (even though we absolutely do not recommend it as we do not want a single person leaving at a loss) or set it to 100% if someone else wants to take over. It’s a complicated process as we need legal advice on properly structuring this, but we are on it. Also, we need to ensure we have new participants with strong hands that see the potential of great gains lined up to help those out that cannot wait. But if you can give us credit, for one thing, it’s marketing. I will do my absolute best to secure interest in a venture that is truly ground-breaking if given enough time to mature into what it should be and not what it is currently. The potential is very high, and we already have a lot of interest from the outside given our track records of building big networks and having proven we are capable of doing so. This is a definitive boon over any startup Also we prove that we can weather storms and fight trough it rather than throwing the towel to show we can go against market adversities as well and build during difficult times. 3.) NFT-ing Assets (about 5 to 6 months) Your YieldNodes balance will turn into an NFT that can then be traded either in a custom marketplace or openly on Opensea and other marketplaces. You can also store it in your wallet, making you eligible for profits and rewards coming later from the real assets automatically elevating its value in a decentralized way. Please be aware that this will NOT be a picture of a cartoon ape but rather a certificate of the assets you own (a sophisticated smart contract that is easily transferable). 4.) Pegging values to NFTs (End of next year) This is the possibility to exchange your NFTs for real tokenized assets, it is also possible again to invest in a masternode pool, but then with coins backed by real assets. (and hopefully, through the year, we will have gathered more assets to stabilize and rise up the price ). Thankfully, I can look back on a variety of business partners that supported me and knew me through years of honest dealings, so I am confident the assets may considerably rise, adding value to the positions quickly. With a little luck even in a Bull market, and then the sky can be the limit. To understand this process better, here are two videos. One in German and one in English (I asked for a translation) because the more you understand, the better. English: German: The timelines are tentative, but we will try to stick to them as close as possible. If this sounds complicated, it’s because, on paper and in programming, it is. But fundamentally, the business does NOT change. We will, however, still masternode and stake. Along with this, all of the above will make the coins valuable to hold onto, not because of simple belief but because of value. We will take you by hand and teach you how to handle every step through articles and videos. I will be here guiding you to make sure that everyone who commits will come out of this unscathed. We know it’s a lot to ask, but if you take away fear and emotions for a minute and look back on how we ran this program and how we handled everything in the past, deep down, you know that even if we make mistakes, our hearts are in the right place and we will do everything in our power to make things right. We are not going anywhere, and we will work through this together. While it may seem like a lot to ask, all we need is for you to give us the benefit of the doubt. Let us work on everyone’s behalf to steer the ship back onto the right course. I will be releasing many videos and staying in constant contact with the community. Furthermore, I will do my best to update everyone in a timely fashion and do what I do best (marketing) once everything is back on track. Remember, your assets will still earn 5% quarterly until the full plan is complete, so we need to work quickly and efficiently. Also, please allow for any minor discrepancies as I rely on information from Urs, which could change due to unforeseen circumstances (especially timing). Both Myself and Urs have young sons, and I’m sure that every parent reading this knows that, ultimately, what we do is for our families and not ourselves. That said, we would hate for our children to step into a legacy of assumed scammers (at worst) or bad business people (at best). We have no plan B. And yes, this is a plea. All we have is to work things out to save everyone, us included, so give us this chance because the alternative would be liquidation which would see everyone lose at the end of the day. Lastly, I want to thank everyone who stood by us through this difficult time. We will make it up to you, and we will make this right. Sorry for the long read and for getting emotional, but I felt that it was needed. We’ll continue to hold the fort and keep doing videos to update you all in a timely fashion. Sincerely, Steve YieldNodes.com |
