The daily production of one Thor node is 0.144 so with two nodes its 0.288. With the opportunity to make large returns, and payback investments in a short matter of time, the question of sustainability comes up. A small transaction in a deep pool has less demand for liquidity than a large transaction in a small pool. Your initial investment is set to be paid back in 156 days. Originally Posted On: https://www.gasbox.org/blog/thor-nodes. So another strategy would be to wait and make enough from the Thor or lower tiers, cash out and then buy an Odin.Taking a look at this earnings calculator you can see that at the current price of Thor, with 2 Thor nodes Im producing about $5000 CAD per month. Next is the namesake Thor Node. C-Chain network works with MetaMask. Once you have an Odin, you would generate 2.73 Thor or about 3.5% per day and you could get your initial investment back in 29 days.At least this was the case, but now with the changes, heres what the rewards look like: The cost of each tier has not changed, but looking back at our example of Odin the rewards have significantly been reduced. So here are the 5 steps to the $1k/month Passive Income with Strong, Thor and Yieldnodes strategy. It also shows how many days to compound into additional nodes of your choice. Our initial integration involves the use of the following Chainlink Price Feed: AVAX/USD. The team thinks it will help the project become more sustainable but theyve mentioned that theyre open to adjusting the proposed model based on community feedback. This solves the bootstrapping problem, because low-depth pools may turn out to be more profitable than high-depth pools to liquidity providers. . Next is the namesake Thor Node. Thor Financial is a hybrid DeFi-as-a-Service / Nodes-as-a-Service protocol whose aim is to provide passive income through the THOR token, which is built on the Avalanche blockchain. Use this google sheet THOR node compounding and rewards calculator to see how much you can earn. Were excited to announce that Thor Financial a next-generation hybrid DeFi-as-a-Service (DaaS) and Node-as-a-Service (NaaS) protocol has integrated Chainlink Price Feeds on Avalanche mainnet. You can only get THOR on a decentralized exchange that supports Avalanche. 1. 8. Thor node costs, rewards, and key points (Source. THOR NODES V2 is HERE - DON'T LOSE YOUR THOR! Do your own research! 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. StrongBlock, the most well-known ode operator in this space, focuses primarily on node-as-a-service. This means the pool earns a margin of 1x, and the Reserve earns a margin of 1x. Lastly, there is Odin, costing 78.125 THOR. All in all I am earning less than half and it takes twice as long to compound. 0:00 / 5:50 How To Pay Thor Nodes Maintenance Fees + Addressing the Fee Reductions! If no Node Operator fee is set, 100% of rewards will be accrued back to the bond after each churn. The most obvious answer is Yes, but your profit might not necessarily be expressed in satoshis. Alternatively, you can use TraderJoe to make this same conversion. Paying the new thornodes maintenance fee. If you add Gas fees, the math is simple, the $22 rewards don't pay for the $20 maintenance fees + Gas fees, so the balance is zero to negative. Are these rewards going to be around forever? Select the Heimdall node (or the node that you want). In this strategy, I choose to invest in the Thor node because it is both affordable and provides a good daily yield. Tap on the button labeled Market near the price chart. In this article, Ill describe how you can generate passive income with Strong, Thor and Yieldnodes, three services that will yield a combined regular income above $1,000 per month with a simple investment of $1,800, all that in 5 simple steps. So in the end, 23.67 AVAX at the price of $79.97 per AVAX = $1,892.89 USD. But at the same time you need to find a balance and figure out when youre going to take rewards and cash out.At some point, you want to at least take out your initial investment and let the rest ride. Compared to other blockchain and DeFi project nodes, like STRONG block nodes, Thor nodes are VERY affordable. With THOR tokens in your MetaMask wallet, you can purchase your nodes on the THOR Financial website. Nonetheless, THOR financial is an exciting new investing platform for crypto enthusiasts. That reduces the risk of impermanent loss on my node rewards due to the high volatility in their token prices. When you login first time using a Social Login button, we collect your account public profile information shared by Social Login provider, based on your privacy settings. There is a $10 maintenance fee and a 5% claim tax. If there is too much demand for a resource, fees must rise commensurately. The cheapest THOR node costs as little as 1.25 $THOR to setup. Select the node youd like to purchase, authorize your wallet to connect to the site, ad make your purchase. Not financial advice, but heres how I proceeded : 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. Basically that will push back your RoI but make it potentially higher in the end. If you dont know what a Fork is, its basically when a crypto project (lets take Ring for example) upgrades their blockchain protocol to a point where the newly created blocks are not compatible with the previous, already existing blocks. 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. - YouTube HUGE THOR NODE UPDATE as Thor Financial released v2 of THOR NODES. Once your account is created, you'll be logged-in to this account. So if you only have a Thor node, you cant save up a bunch of tokens and get an Odin node. Now, I was in the StrongBlocks discord when I saw people talking about a new project called Thor that had an even faster return on investment and they were making about $2000 a month per node. 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. If you want to judge by yourself, listen to the regular AMAs done by Strongblock CEO David Moss on their Discord. With this node, youll earn 0.008 THOR daily. Unlike StrongBlock, the team at THOR financial is anonymous. If you'd like to help, you can describe what happened below. To use a decentralized exchange, youll need a browser wallet installed. But if you wait until after the return period, you are only taxed 1% for all nodes.But basically when it comes to these node projects, you have to create a strategy. . Its always a good strategy to compound your nodes as you earn rewards to exponentially increase your earnings. For THOR financial, the goal is to implement node-as-a-service as one of their offerings. When this UoT is launched, the community manager plans to dox himself by revealing his full name and location.With so much uncertainty in this space, I think these are some great first steps towards transparency.Also, Thor has introduced RPC endp oints for each node. Just make sure you pick sustainable ones. You'll pay an $80 maintenance fee and a 10% claim tax. Will they last a full year? The team at Yieldnodes is doing an impressive job of delivering this monthly yield for quite some time now. Essentially, when you buy Thor a portion of the money is put into a treasury. Purchasing our token gives you indirect exposure to THOR and many other exciting assets. 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. Lastly, there is Odin, costing 78.125 THOR. Heres what to do. 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. There is a $20 maintenance fee and an 8% claim tax. As such, THORChain charges a single flat fee on every transaction that pays for internal and external resources. The truth is, no one knows. Node has a current supply of 1,000,000,000. Despite being well regarded projects, never forget some essential facts: Concerning token requirements, to create a node most projects will usually request around 10 to 20 dedicated tokens. It yields 1.02 THOR daily. You earn rewards on a daily basis. 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. 8. Taking a look at this earnings calculator you can see that at the current price of Thor, with 2 Thor nodes I'm producing about $2000 CAD per month. Use this CoinMarketCap conversion tool to enter the amount of $THOR that your desired node will cost. The THOR team incentivizes larger nodes by providing more attractive returns. 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. They will manage the returns from these investments in liquidity and reward pools, and setup a mechanism to reward their communities. Hi you all, I recently got my first thor node . With the growth in popularity of cryptocurrency in recent years, countless newopportunities for passive income have been born. Sorry, the comment form is closed at this time. endpoint, but it is intended to be dynamic and set to be a fixed $ qty of assets. Our maintenance fees are denominated in USD for our node holders. If youre willing to shoulder that burden alone, you can buy your own THOR node directly. One of the biggest concerns for investors is volatility. Heimdall is the most affordable at just 1.25 THOR. However liquidity is relative to the size of the transaction that demands it over the depth of the market that will service it. Conceptually, fees are both value-capture, access-control and resource-subsidisation mechanisms. data manipulation attacks via flash loans, Chainlink Verifiable Random Function (VRF). Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link. And as you can see, after two years your investment of $1,812 will be yielding you a fantastic $1k/month. If $THOR doesnt show in your wallet, make sure youve added the contract address for $THOR and that you are on the AVAX network. And as per the new contract, maintenance fees have to be paid . The final fee paid is always commensurate to the demand of resources (both internal and external) no matter what it is. Right now, if you claim your Thor before the RoT period, you have to pay a tax ranging from 25% to 10% depending on the type of node you have. This is what users pay to make transactions on THORChain ledger itself. Add the AVAX network to your MetaMask wallet. One of the top contenders in the crypto space right now is THOR. The team claims that they would reveal the identity of the lead developer should anything go wrong, or if malicious activity is suspected. Are you looking for ways to earn passive income? Keep reading below to see if this is the best new way to make money online in the crypto space. THOR offers four different node options, depending on how many THOR tokens youd like to invest. 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. They invest in some validating nodes, but also invest in staking pools and yield farming strategies. 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. We plan to use VRF in future NFT projects and our brand new P2E game, Gods of Asgard. MetaMask is the most popular, and its free to use. Purchasing our token gives you indirect exposure to THOR and many other exciting assets. How much passive income you earn is tied directly to the cost of THOR tokens. The least expensive node (Heimdall) will return your 1.25 THOR investment in 156 days. You can manually add the $THOR contract to your wallet using this address: 0x8f47416cae600bccf9530e9f3aeaa06bdd1caa79. And as per the new contract, maintenance fees have to be paid monthly. This calculator will give you insights like how long it will take to compound into the next tier node based on how many nodes you currently own. One way that THOR is ensuring its long-term success is with regular reward slashing. Full nodes - for every chain that is supported by the network, each THORNode operator will run their own full node of each chain (Bitcoin, Ethereum, Binance, etc). In an Asset-Asset swap, the fee is applied twice since two pools are involved, however the user only sees it as a single fee and a single slip value. Go to the. In Q1 2022, theprice per THOR tokenhas fluctuated between $20 a piece to $230 apiece. Rather the team is proposing a static claim tax across the board in addition to a monthly maintenance fee similar to what StrongBlock is doing. You provide liquidity in the form of THOR-AVAX pair to get LP tokens with TraderJoe. You should be able to see your node in your dashboard along with your earned rewards balance. Buy some $AVAX from CoinBase or your preferred exchange (Binance and Kucoin are great options too). So when the Thor project wasnt doing too well, the Thor team really made a change and did something about it. Also, how do you compound the Thor node? Getting your THOR nodes up and running is quite a simple process. Getting your THOR nodes up and running is quite a simple process. Go to CoinMarketCap and search for Thor. Generating secure DeFi opportunities through a diverse ecosystem of gamified utilities built on the Avalanche blockchain. Time to Party! Note: this post contains affiliate links to services I recommend and personally use. 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. 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. The first step into making a Thor node is holding the required $THOR tokens for the desired tiers. 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. Rather, THORuses these funds to invest in various Defi platforms. With the opportunity to make large returns, and payback investments in a short matter of time, the question of sustainability comes up. Treasury Invested. 4. Nicks Crypto Investments 3.42K subscribers Subscribe 1.2K views 1 year ago This was a video that needed to be. Originally Posted On: https://www.gasbox.org/blog/thor-nodes. If the transaction involves an asset which is not RUNE the user pays the Network Fee in the external asset. When youve reach the desired level of nodes, you can start sending your rewards to a Yieldnodes, a more stable option to produce regular rewards and preserve your capital. Total Nodes. 4 Signs the Answer Is Yes! The main benefit of these RPC endpoints is that you can get cheaper gas and also transact faster on the AVAX blockchainSo is Thor sustainable?Of course these projects are new so we never know for sure how sustainable the project will be. The truth is, no one knows. Accept the approval fee to use $THOR in your wallet. So theres Heimdall, Freya, Thor and Odin. Buy this amount of $AVAX then later swap it for $THOR. 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. The CLP algorithm includes a slip-based fee which is liquidity-sensitive. 1 $STRONG per day, but that is based on a round 7000 Ethereum block day. Once activated, you are able to compound across tiers.Purchasing an Odin outright is difficult for most people. There is a $5 maintenance fee and a 1% claim tax. Very important : the money you invest in nodes is a sunk cost, you cannot get it back. If you dont already have a browser wallet then install MetaMask on your favorite web browsers like Chrome or Safari. In my mind, whatever Ive invested into these node projects is what Im okay with losing.But the real questions are.. Will these changes help them be sustainable? Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains. Do the same thing on THOR Financials and create your first Thor node. Are you interested in trying this passive income strategy for yourself? 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? The community manager immediately ran an AMA and did a great job answering questions to a point where we saw the price go right back up to $200.Another big thing is that Thor lead dev is KYCd with Assure which is publicly posted. THORChain charges a fixed Outbound Fee and a dynamic Liquidity Fee. But how those rewards are earned differs from standard node-as-a-service providers. Each with a different price and earnings point. You can invest a certain amount of tokes with THOR to acquire one of their nodes. 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. You can have up to 100 THOR nodes running at the same time. Please dont forget that when you calculate RoI. This guide covers how to setup the cheapest Thor Node (the Heimdall node). So with 3 nodes it would only take 12.6 days until the next node and Id be making $8000 per month. , since the more a trader (or attacker) demands liquidity, the more they have to pay for it. Its currently offering investors exciting yields. To do that, theres an option on the website where you use a slider to define that percentage on the Withdrawal tab. StrongBlock, the most well-known ode operator in this space, focuses primarily on node-as-a-service. You can choose to compound only a % of the rewards. Thor is marketed as DeFi as a service (or DaaS for short). These returns are just unfathomable and I hope the project is sustainable so we can see this through.You can see that the original returns are unfathomable, and thats why I think the team had to change the reward structure to focus on sustainability especially with node creation almost doubling within just a week, the growth has been rapid so its inevitable that these changes would need to be made either now or later.So is Thor legit?After the rug pull by Ring, a lot of people felt that these node projects wouldnt be sustainable because the rewards are so high and so we saw a lot of projects fall. Note : Yieldnodes has a very high rating of 4.8/5 stars at Trustpilot, check out their excellent profile. Are you interested in trying this passive income strategy for yourself? You can buy me a coffee here if you want to thank me. Development of new UI. Want to know how many $AVAX tokens youll need to buy the THOR node you want? and connect your wallet. Additionally, THORChain has custom gas logic where users pay fees in the asset they send, because all assets on THORChain have protocol pricing, either being RUNE, or synths, where synths are derived from the pools themselves. THOR is a new investing platform. Thus, we needed to make use of an oracle network to fetch aggregated price data off-chain and deliver it on-chain to be consumed by our application. Does anyone have an idea.. 8 7 comments Best Add a Comment BiggieJohnATX 1 yr. ago The benefits of this is that it has lower transaction costs, high speed and Thor believes its more reliable for their needs. To invest with THOR, youll purchase THOR tokens that are native to the Avalanche network. Read full affiliate disclosure. 2022 The Crypto Newb - All rights reserved. With the growth in popularity of cryptocurrency in recent years, countless newopportunities for passive income have been born. The price of THOR has fluctuated between $20 and $500 in the few months that the platform has been live. If youre willing to shoulder that burden alone, you can buy your own THOR node directly. Harry Potter (Daniel Radcliffe) Does he have the coronavirus? The last known price of Node is 0.00002436 USD and is up 0.00 over the last 24 hours. Theyve invested in projects like Strongblock, TIME, Hector DAO, Anchor Protocol, Fantom, Luna, and Tomb. Youre now the new owner of a THOR node! To get to my 3rd node it would take 43 days which is over 2x as long as with the old model. 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. There are many node projects out there, and you have to choose carefully. This means that over time, pool depths will settle to an equilibrium that is relative to the sizes of transactions that are passed over it. You can also check for live updates of THOR node costs in this google sheet based on current THOR and AVAX market prices. For THOR financial, the goal is to implement node-as-a-service as one of their offerings. You can buy AVAX on any reputable crypto exchange, such as Coinbase, Binance, Gemini, or others. Get started into your journey of passive income. Unlike StrongBlock, the team at THOR financial is anonymous. Do I Need a Life Coach? Best option is self-custody, buy yourself a, how much youll decide to invest. The price of THOR has fluctuated between $20 and $500 in the few months that the platform has been live. Our team has been notified. When it comes to having a FTM validator, the team is earning money by validating transactions on the Fantom blockchain. Large selection of crypto currencies and with low trading fees. The resource in this case is liquidity, not market depth, thus fees must be proportional to liquidity. Add the $THOR contract to your wallet by clicking the add to wallet link on the swap page. Compounding allows you to grow your node count by using your rewards to generate new nodes without having to inject new cash. How much does a Strong node cost? Your node will show up on the platform, and youll start earning rewards right away. Rather, THORuses these funds to invest in various Defi platforms. Or, if youd like exposure to THOR nodes, along with other yield-generating crypto assets, you caninvest with Gasbox. Luckily, transaction fees on the Avalanche network are much lower than the Ethereum network. Why is it a good investment? Thor nodes; Vapor Nodes; Project X; . We are presently creating a route to sustainability via an expansive and flourishing ecosystem, including Gods of Asgard (our P2E game), a native NFT marketplace, and more, with the long-term goal of broadening our horizons beyond just passive income. when demand for liquidity is high, no matter the size of the transaction or the depth of the market. This DOES NOT apply when a node has reached maximum rewards. Not anyone can do this because a FTM validator is extremely expensive. Top 5 Signs You Need To Call for Emergency AC Repair, Sprint Signs & Vehicle Wraps is Richmonds Top Sign Company, Throw An Unforgettable Celebration With a Party Boat, 6 Ways Localization Can Help Your Business Succeed, The Aluminum Foil Trick Everyone Should Know About. This makes sandwich attacks prohibitively expensive allowing pools to become reliable price feeds. This is the equivalent of 23.67 $AVAX at the time of writing this. It costs 12.5 THOR and earns 0.144 THOR daily. You can go on the website and see a list of projects that are verified.Also, in todays AMA the community manager mentioned that they will be launching a union of transparency or UOT that would include legitimate protocols in the space. Reload Let us know what happened Heres what to do. Add the $THOR contract to your wallet by clicking the add to wallet link on the swap page. You can expect to pay about $1,892 for the node (not including approval and transaction gas fees). Accept the approval fee to use $THOR in your wallet. Do not forget to pay those fees, or else your nodes will stop producing rewards and end up deactivated. I have been looking around for instructions but haven't find any. THOR is based on the Avalanche network. This RUNE is sent into the network as bond and held as leverage on each node to ensure they behave in the best interest of the network. While it can be an enticing place to park your capital, it doesnt come without risks. The more expensive nodes provide higher daily returns. You will be given 30-days to pay the fee on time. You want to obviously compound your rewards so that you can earn more every month, which means that you would use the tokens generated by the node and create another node so that you can earn more. 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. Next is the namesake Thor Node. Be very careful with overly promising yields, most of the time they are totally unsustainable from a treasury point of view. 3. 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.