Connect your Metamask buy clicking on “Connect Wallet”.Send the ETH and Strong tokens to your Metamask.Keep some ETH for the fees and swap some for 10 Strong tokens on Kucoin.Now, here are the steps you should follow to buy your Strong and Thor nodes. So here are our two chosen node projetcs : More recent projects will typically offer 5 to 10% yield per day at launch, in order to build a community, then they will quickly taper down to keep the project sustainable.īe very careful with overly promising yields, most of the time they are totally unsustainable from a treasury point of view. In terms of rewards, well established projects will usually offer yields of around 1% to 2% per day, already quite a hefty payout. Rewards usually dwindle quite quick also. Be very careful with these, they usually have only a few developers whose identity is not known, and rug pulls are not uncommon. Others node projects are much more recent, with usually very high yields to attract new investors. If you want to judge by yourself, listen to the regular AMAs done by Strongblock CEO David Moss on their Discord. Strong and Thor are two well established projects, with doxed teams and a proven track record. Just make sure you pick sustainable ones. Sure you can, the strategy works with mostly all node projects. In this strategy, I choose to invest in the Thor node because it is both affordable and provides a good daily yield. Note : Thor financial offers 4 different node tiers (Heimdall, Freya, Thor and Odin). THOR FINANCIALS : you need 12.5 Thor tokens to create a Thor node.STRONGBLOCK : you need 10 Strong tokens to create a Strong node.You will earn returns on your investment every day, but until marketplaces are launched to enable resell the money invested is lostĬoncerning token requirements, to create a node most projects will usually request around 10 to 20 dedicated tokens. the amount you invest in nodes is a sunk cost, you can never recover it.node projects remain very risky, this space is still very early.My process was to start with two established projects: STRONG and THOR, both well regarded node projects with good communities, doxed teams and solid roadmaps.ĭespite being well regarded projects, never forget some essential facts: There are many node projects out there, and you have to choose carefully. It’s an inverted risk funnel if you like, allowing capital preservation and securing steady income streams.įirst, buy one STRONG node and one THOR node This strategy follows a sequence of steps that start with high risk / high yield investments in node projects (Strong and Thor), then gradually securing rewards into much more secured services (Yieldnodes), to ultimately moving the rewards to staked stablecoins. Stake your USDC or USDT and/or withdraw monthly Fiat to your bank account.Withdraw monthly rewards from Yieldnodes and send them to a USDC or USDT account.Extract monthly rewards and send them to Yieldnodes.Compound rewards until you reach the desired level of monthly income.First, buy one STRONG node and one THOR node.Not financial advice, but here’s how I proceeded :
So here are the 5 steps to the $1k/month Passive Income with Strong, Thor and Yieldnodes strategy. They will manage the returns from these investments in liquidity and reward pools, and setup a mechanism to reward their communities.
In other cases, the node projects will be more similar to Defi as a Service (Daas), where the project team invests in selected Defi projects. the tokens invested in nodes will be burnt.a minimum amount of tokens will be needed to create a node.proceeds of token sales are allocated to several pools (treasury, liquidity, investments, reward,…).they issue a token for investors to purchase.Node projects will mostly all function in the same way : In return for the service they provide, they earn a return. Basically, nodes are a key part of the Blockchain infrastructure, they store and spread the blocks of data that make it up.
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