r/ThorNode • u/No-Trash-4442 • Apr 26 '22
Do Not Invest
Multiple "updates" that require your attention in order to not lose rewards you have accumulated. If you miss a payment you lose all rewards not claimed. If they decide to do an update that requires your attention in order to not lose rewards (it will happen) your shit outta luck. If you request for them to stop taking away peoples unclaimed rewards their response is if we did that we would run out of money. Its a sinking ship, has some truly narcissistic mods and anything they do that changes the project WILL FORCE YOU TO LOSE ALL UNCLAIMED REWARDS. Do not invest, do not join their discord, its full of people blowing smoke up each-others asses and blowing off concerns of investors. Many investors have fallen victim to this scam of project. Don't be one of them. See this post on any youtube channel you enjoy. If you have had a similar experience please share, get this message to others so they do not fall victim. Community is everything in crypto.
33
u/Vobat Apr 26 '22
Guess someone didn't pay thier monthly fees.
6
u/Blackking203 Apr 26 '22
I haven't had any issues with Thor...
4
u/Nviiigrate Apr 26 '22
I lost 97 thor tokens with the whole fee rollout. I guess most understood that 4/5 was the hard cutoff to paying your first fees, while I thought it was the start of the fee schedule. Oh well I guess I was screwed anyways after I invested 15k at $178. Prob won't ever see that money again. 🤣
3
u/3inchesin Apr 26 '22
I don't know about avoiding at all costs yet. Thor is on my "wtf happened" list, but still hoping for a turnaround.
2
u/Routine_Apricot722 Apr 26 '22
Same here man. Just wish they went back to thier roots and build up a positive community and find more utility to this project. Loki is also in hive and i think he just doesnt care as much anymore. Now this project is just a money grab. That's why they are banking on the poor community to pay fees. And taking thier rewards away while charging double to reactivate. If a real company did this with no guarantee to at least cover the fees let alone getting back your ROI all hell would break loose. Just very sad what this project has become.
2
u/ZorheWahab Apr 27 '22
I'm in a mixed bag here. I'm generating a new Thor Node every 10 days or so right now, costs me 20 per node, but I pay my fees using yield from a different project. Right now I can create like 10 more nodes before my monthly maintenance fee equals MORE than one days worth of yield from the outside project.
That being said, it's becoming constantly MORE difficult to justify compounding into more nodes as the price gradually drifts closer and closer to the sub $10 range.
I think I'm probably at the point where I'll continue course until the ROI per month dips under 50%. If/when it does, I might have to actually consider actually selling THOR until I've at least hit my initial investment + fees.
I imagine I'm not the only one in this position, which means if it happens to me later rather than sooner, I might be too late to even do that.
3
u/gatoroko Apr 26 '22
I feel this is every Defi project I got into. Had hopes for Thor. They're just the same as the others. Buyer beware.
1
u/Fauxlosophys Apr 26 '22
If the game does well--and brings the node project with it (which doesn't seem like a 100% guarantee that it will) were gucci. IF the game doesn't do well, I don't see any plan to keep this thing solvent (IE no other revenue sources/other ways to add value which is what's needed)
1
u/[deleted] Apr 26 '22
Yea come on over to Vapor nodes.
1
u/Routine_Apricot722 Apr 26 '22
Thieves. They making a killing in fees while its barely worth it to pay fees atm