I use crypto.com to stake my USDC as they offer loads of services such as credit cards, which Im pretty fond of. Your initial investment is set to be paid back in 156 days. Its currently offering investors exciting yields. There is a $10 maintenance fee and a 5% claim tax. You provide liquidity in the form of THOR-AVAX pair to get LP tokens with TraderJoe. Its currently offering investors exciting yields. You can be earning 10 THOR per day, but if THOR falls to $1, then its not very exciting. The strategy I describe here does not compound the initial two nodes, but you can decide to do so if you ant to increase the daily reward levels. The team at Yieldnodes is doing an impressive job of delivering this monthly yield for quite some time now. Once your account is created, you'll be logged-in to this account. With more affordable node options, new investors can more easily invest with THOR as opposed to StrongBlock, which requires 10 STRONG tokens per node. Are these rewards going to be around forever? The daily production of one Thor node is 0.144 so with two nodes it's 0.288. You earn rewards on a daily basis. THOR nodes are quick to setup, taking just a few minutes to get one up and running. Currently, this is fixed and available on the /constants endpoint, but it is intended to be dynamic and set to be a fixed $ qty of assets. The final fee paid is always commensurate to the demand of resources (both internal and external) no matter what it is. Does anyone have an idea.. 8 7 comments Best Add a Comment BiggieJohnATX 1 yr. ago Its a one-time permanent decay.Currently with Thor, once you do get your initial return, your daily reward would be reduced by 0.5%.BUT with the changes, this reduction or decay will no longer be implemented. The resource in this case is liquidity, not market depth, thus fees must be proportional to liquidity. In this regard, THOR operates more like a dividend-paying asset than a pure node provider, likeGala gaming nodes. With the selling pressure from the THOR and ODIN owners the price has dipped, now is the time to buy some cheap THOR and ODIN nodes. Swap your $AVAX for $THOR through the exchange TraderJoe. TheBreadmaker on Twitter: "Here is an UPDATED breakdown of $THOR The team behind THOR was inspired by StongBlock to make it easy for casual investors to create nodes and earn passive income for their service. Once you have some AVAX, youll need totrade them for THOR tokens. After reviewing various oracle solutions, we integrated Chainlink Price Feeds because they provide a multitude of critical features such as: We will continue to use Chainlink services in the future. THOR is a new investing platform. Their main goal is to move away from solely generating rewards through node creation and towards multiple streams of revenue to subsidize the reward pool. Chainlink Price Feeds provide real-time accurate pricing to our smart contract to support the calculation of these amounts. So theres Heimdall, Freya, Thor and Odin. Thor node costs, rewards, and key points (Source. 3. You can invest a certain amount of tokes with THOR to acquire one of their nodes. You should be able to see your node in your dashboard along with your earned rewards balance. With more affordable node options, new investors can more easily invest with THOR as opposed to StrongBlock, which requires 10 STRONG tokens per node. Dont miss this chance!! Note : Thor financial offers 4 different node tiers (Heimdall, Freya, Thor and Odin). In addition to the cost and rewards of nodes, there's little monthly maintenance fees attached to each node which is also part of the tools enabling the long term sustainability of the protocol. Getting your THOR nodes up and running is quite a simple process. Gods of Asgard P2E Development. If you want to compare the USDC yields on all these platforms, check out Defirates.com. Fees - THORChain Docs If you still dont pay then the node disappears. Purchasing our token gives you indirect exposure to THOR and many other exciting assets. Thor Nodes - Digital Farmland An Odin is set to generate 1.25 THOR rather than 2.73 or 1.6% daily ROI compared to 3.5%.Looking at the other tiers, the current price of Thor is about $227. 2. There is a $5 maintenance fee and a 1% claim tax. 5. In addition to the above, fees also create the following benefits: Store up income after the initial Emission Schedule reduces, Give the user a stable fee, rather than a dynamic one which changes with the external network's fees. THORChain maintains an awareness of the trailing gas price for each connected chain, saving both gas price as well as gas cost (inferring transaction weight). So here are the 5 steps to the $1k/month Passive Income with Strong, Thor and Yieldnodes strategy. There is a $5 maintenance fee and a 1% claim tax. You could also decide to stake your rewards on other platforms such as Celsius or Nexo. Once you have some AVAX, youll need totrade them for THOR tokens. You must watch this before you pay any . This calculator clearly shows your daily rewards in THOR and USD (according to current market prices) based on the number of nodes that you own. This is what users pay to make transactions on THORChain ledger itself. Note that there are several ways to send money to Yieldnodes, the one I use is by sending BTC. Go to the. DYOR. THOR NODES V2 is HERE - DON'T LOSE YOUR THOR! The daily production of one Thor node is 0.144 so with two nodes its 0.288. All in all I am earning less than half and it takes twice as long to compound. In return for the service they provide, they earn a return. Once your rewards are added to your masternoded balance at Yieldnodes, you will have an option to either compound or withdraw these rewards. The reason I use Yieldnodes is that it reduces my exposure to risky node projects by converting my monthly rewards to USD or EUR, with a solid monthly yield generating great passive income. Heres what to do. It's important to also factor the claim tax and maintenance fee into your investment. Once activated, you are able to compound across tiers.Purchasing an Odin outright is difficult for most people. endpoint, but it is intended to be dynamic and set to be a fixed $ qty of assets. Additionally a slip-based fee is stateless and non-opinionated. Generating secure DeFi opportunities through a diverse ecosystem of gamified utilities built on the Avalanche blockchain. 0:00 / 5:50 How To Pay Thor Nodes Maintenance Fees + Addressing the Fee Reductions! If you have the money you are willing to risk on a new platform, then purchasing a THOR node or two can be a great way to make passive income. You can buy AVAX on any reputable crypto exchange, such as Coinbase, Binance, Gemini, or others. The final gas cost is then subsidised back into each pool by paying RUNE from the reserve. So, can you make money running a lightning node? With the growth in popularity of cryptocurrency in recent years, countless newopportunities for passive income have been born. 4. Sure you can, the strategy works with mostly all node projects. I will have it sent to Crypto.com in order to convert it to USDC or Terra (USDT). Due to the high volatility of the market, relying on maintenance fees in the form of a flat AVAX value would not be beneficial. To do that, theres an option on the website where you use a slider to define that percentage on the Withdrawal tab. This DOES NOT apply when a node has reached maximum rewards. . UNLESS you activate something called God mode by owning at least one node of each tier. How much passive income you earn is tied directly to the cost of THOR tokens. So with 3 nodes it would only take 12.6 days until the next node and Id be making $8000 per month. If the transaction involves an asset which is not RUNE the user pays the Network Fee in the external asset. With Thor, you can get into the project by buying into different tiers of nodes. Unlike StrongBlock, the team at THOR financial is anonymous. Optional You can manually add the $THOR contract to your wallet using this address: 0x8f47416cae600bccf9530e9f3aeaa06bdd1caa79. The third fee to discuss is the Network Fee. If you dont already know you can go to assuredefi.io which is a company that verifies crypto project owners privately. Optional You can manually copy/paste the contract details to your wallet following the official how to setup MetaMask with AVAX guide here. How much are thor nodes? - clikshoof.com THOR offers 4 different node tiers that vary in cost and earn at different rewards rates. Basically, nodes are a key part of the Blockchain infrastructure, they store and spread the blocks of data that make it up. While it can be an enticing place to park your capital, it doesnt come without risks. Yieldnodes is a great service, a little different from the other node projects, for several reasons: Note : the links to yieldnodes are affiliate links, if you subscribe through them I will get a small reward that helps pay for my website costs. Nonetheless, THOR financial is an exciting new investing platform for crypto enthusiasts. All of which . In this regard, THOR operates more like a dividend-paying asset than a pure node provider, likeGala gaming nodes. You can also check for live updates of THOR node costs in this google sheet based on current THOR and AVAX market prices. Are these rewards going to be around forever? Youre now the new owner of a THOR node! Our team has been notified. Basically that will push back your RoI but make it potentially higher in the end. These fractional nodes are great as they make the barrier to entry quite low for someone starting out with less cash. How long will strong nodes last? Create and setup a MetaMask wallet (available as a web browser extension and mobile app). Every swap on THORChain consumes resources (Disk, CPU, Network and Memory resources from validators). To get to my 3rd node it would take 43 days which is over 2x as long as with the old model. You can expect to pay about $1,892 for the node (not including approval and transaction gas fees). However, if you solely keep compounding and never take any rewards then whats the point?With StrongBlock to get in you need about $5000 dollars to get into one node but with Thor they have these different tiers.. Making the barrier to entry much lower.So whats my current strategy and how much can I potentially make?I did have a strategy in mind, and Ill show you what it would look like currently and after the changes that will be implemented.So currently I have two Thors. A Thor node would be $2800, a Freya would be $1400 and a Heimdall would be $280.However, once you do get your initial return or what they call RoT or Return on Thor, your daily reward is reduced by 0.5%. How to Setup THOR Nodes - Crypto Newb How much does a Strong node cost? . A List of the Best Birthday Party Songs to Play, How to file small business tax returns: A business owners guide, How the Pandemic Has Affected Spending Habits and Budgeting for Millennials, Do I Need a Life Coach? They are numerous: Thats the reason why you need to recoup your investment as fast as possible, in order to go risk free. Will be more likely when the team isnt doxed; Treasury depletion: happens when rewards are too generous and the team hasnt setup a solid revenue generating system; Drop in token price, or impermanent loss: sure youre adding up rewards, but if token price plummets youre losing precious RoI; Getting your wallet hacked : you have to be extra careful on protecting your wallet. Set up a new wallet address, and sed your AVAX to that wallet. 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. Chainlink already helps secure leading DeFi protocols responsible for tens of billions of dollars in smart contract value, maintaining robust security and high availability even amidst unexpected events, such as exchange downtime, flash crashes, and data manipulation attacks via flash loans. To get started, youre going to need to purchase Avalanche (AVAX). Get started into your journey of passive income. Next is the namesake Thor Node. You can manually add the $THOR contract to your wallet using this address: 0x8f47416cae600bccf9530e9f3aeaa06bdd1caa79. By integrating the industry-leading decentralized oracle network, Thor Financial has access to high-quality, tamper-proof price feeds that help ensure accurate node maintenance fees. You can only get THOR on a decentralized exchange that supports Avalanche. Rather, THORuses these funds to invest in various Defi platforms. And as per the new contract, maintenance fees have to be paid monthly. If at any point you claim node rewards, you will pay this claim tax. Set up a new wallet address, and sed your AVAX to that wallet. It costs 12.5 THOR and earns 0.144 THOR daily. Visit the Trader Joe website, select THOR, and swap your AVAX for THOR. Next is the namesake Thor Node. Ill talk about this in more detail a little later.If you claim before the Return on Thor period, there is a tax depending on the tier of your node. Thor node info (costs, reward rates, fees), how to setup MetaMask with AVAX guide here, THOR node compounding and rewards calculator, Most Popular Centralized Exchanges Compared, Popular Node Projects on Different Networks, You are trying to create a new node but have too little or too many characters in the name (try 5 characters), You are trying to compound, but do not have enough unclaimed rewards for the new node in the DAPP, You are trying to create a node, but do not have enough rewards in your wallet, Switch to Eth network and switch back to Avax, Refresh browser/clear cache/reset metamask, If using hardware wallet, ensure firmware is updated. when demand for liquidity is high, no matter the size of the transaction or the depth of the market. Youll pay an $80 maintenance fee and a 10% claim tax. 6. But how those rewards are earned differs from standard node-as-a-service providers. Freya is the next node, costing 6.25 THOR and earning 0.05 THOR daily. If no Node Operator fee is set, 100% of rewards will be accrued back to the bond after each churn. There is a $10 maintenance fee and a 5% claim tax. To discuss an integration, reach out to an expert. Are you interested in trying this passive income strategy for yourself? One of the top contenders in the crypto space right now is THOR. Thor Nodes maintenance fees and claim taxes are a couple. Compounding allows you to grow your node count by using your rewards to generate new nodes without having to inject new cash. It costs 12.5 THOR and earns 0.144 THOR daily. This is especially important if you plan to conduct multiple bitcoin transactions in a day. You can earn BTC by forwarding transactions from other Lightning nodes through your node. There is a $20 maintenance fee and an 8% claim tax. Are you looking for ways to earn passive income? StrongBlock, the most well-known ode operator in this space, focuses primarily on node-as-a-service. Do I Need a Life Coach? Im always on the lookout for new ways to generate regular streams of Passive Income, and Ive recently stumbled upon a great new area of Defi: Nodes as a Service (Naas) or Defi as a Service (Daas). Harry Potter (Daniel Radcliffe) Does he have the coronavirus? So what is a THOR node, and how does it work to provide passive income? If you'd like to help, you can describe what happened below. But at the time being, they are more of a Defi-as-a-service provider. 4. At current market prices the cheapest node (the Heimdall node) costs under $150. If you want to judge by yourself, listen to the regular AMAs done by Strongblock CEO David Moss on their Discord. Thats up to you, check the Strong Discord if you want to deep dive in the differences. Node projects will mostly all function in the same way : 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. These types of platforms are new and untested over the long term. The team claims that they would reveal the identity of the lead developer should anything go wrong, or if malicious activity is suspected. Thor Financial has established itself as a leader within the node space, having amassed almost 200,000 nodes worth about 4.5 million THOR in the space of two quarters, and actively invested close to $2,000,000 of our treasury. So technically, you have 60 days before you lose your node.Aside from taxes and node creation, the team has also invested in other projects and will use the yield from these investments to replenish the rewards pool. I use Koinly to help me figure out all my crypto taxes. Essentially, when you buy Thor a portion of the money is put into a treasury. Obviously this is a riskier investment but with high risk comes high reward and it can definitely pay off. THOR is a new investing platform. That reduces the risk of impermanent loss on my node rewards due to the high volatility in their token prices. MetaMask is the most popular, and its free to use. My 2 THOR and 1 ODIN nodes produce a daily reward of 1.308 THOR tokens, which is a 39.24 monthly tokens At current token price ($2.77), that's $109 in monthly rewards Node fees are now variable. With this node, youll earn 0.008 THOR daily. Basically, Thor was designed as a simple solution to make earning passive income accessible to everyone. It yields 1.02 THOR daily. The daily production of one Thor node is 0.33 so with two nodes its 0.66. If you want to read this offline or share it easily with anyone, My Guide to generating $1K/month with Nodes is available as a free downloadable pdf guide here in a couple of days. As for the future of ThorThe team is planning Thor LP staking where you can earn up to 750% APR which of course will depend on the price of thor and other factors.They also want to introduce a Thor lottery where you can buy lottery tickets to win nodesThey dont have node fees yet like Strongblock but they are looking to implement this and change the tax structure. The other reason for fees is access-control; a way to throttle demand for a fixed resource and let natural market forces take over. While StrongBlock is the leader in the node-as-a-service space, THOR is up and coming, and offers a much more approachable onramp that almost any new investor can afford. What Are The Different Types Of Rvs That Exist Today? Thor Nodes maintenance fees and claim taxes are a couple of things to change under the new Thor Node contracts. And so by choosing the latter option, Thor became a Fork of Ring. 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. Currently, this is fixed and available on the. And what theyll do is have the community vote help determine which investments Thor should invest in.Lastly they also have two Fantom validator nodes and the revenue from these nodes will also be used for rewards. Paying the new thornodes maintenance fee. Taking a look at this earnings calculator you can see that at the current price of Thor, with 2 Thor nodes Im producing about $2000 CAD per month. They have created a solution providing an easy way to consolidate investments without having to spend countless hours sorting through hundreds of different protocols to find good high-yielding options. One way that THOR is ensuring its long-term success is with regular reward slashing. However, with this project you cant compound across tiers. THOR NODES V2 is HERE - DON'T LOSE YOUR THOR! - YouTube In Q1 2022, theprice per THOR tokenhas fluctuated between $20 a piece to $230 apiece. Select the Heimdall node (or the node that you want). Not only that, but the community manager does a great job communicating on behalf of the devs, handling difficult situations and keeping the community engaged.Even with the changes that were announced today, the price of Thor immediately fell from about $220 to $150. , since the more a trader (or attacker) demands liquidity, the more they have to pay for it. Node has a current supply of 1,000,000,000. If youre willing to shoulder that burden alone, you can buy your own THOR node directly. Now, I can top off these nodes with my own money to speed up the process. The pool consists of tokens from those who are not only new to the protocol but those who are compounding. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Max rewarded nodes expire on the day the payment is due. Next is the namesake Thor Node. To get started, youre going to need to purchase Avalanche (AVAX). They would reduce the claim tax and introduce node fees which they say will reduce market pressure created by the claim tax.They also want to introduce THOR marketplace where people can buy and sell old nodes. Be very careful with overly promising yields, most of the time they are totally unsustainable from a treasury point of view. When I have a specific need or simply want to cash out of the whole system, I will do one two things: For my funds over at Anchor protocol, I will send the USDT to crypto.com. By integrating the industry-leading decentralized oracle network, Thor Financial has access to high-quality, tamper-proof price feeds that help ensure accurate node maintenance fees. This fee is retained on the output side of the pool, ensuring it counters the trade direction. Do the same thing on THOR Financials and create your first Thor node. Youre now the new owner of a THOR node! This means the pool earns a margin of 1x, and the Reserve earns a margin of 1x. You will be given 30-days to pay the fee on time. At this point Im making about $180 a day and it seems to be going pretty well.BUT Thor has made some changes to the rewards system that we will discuss here.When I first came across Thor, I was excited by the huge returns but it made me think.. How long could this project really survive? Under Pairs youll see the shorthand for Thor, THOR, plus a second currency.