Cloud Minting with LyoFi
This is a Cloud Minting platform that pays daily rewards for 900 days until you achieve rewards of three times your purchase price, averaging at around 10% monthly. If you purchased a €1,000 minting server contract, you would get paid daily rewards until you have made €3,000 over 30 months. You can buy as many server contracts as you like, as often as you like. You can even use the profits coming in from the servers to purchase more servers, thus exponentially increasing the daily rewards.
You can also instantly exchange your daily rewards into Bitcoin within the platform, and withdraw that Bitcoin to an exchange or personal wallet.
When you purchase the server contract, it states that you are sharing the server with LyoFi. Once it’s running you can see the ID of the machine, the ID of the partition, plus you can see what the machine is doing right now in real time.
You also get the IP address of the machine which you can check on any IP search to see the exact properties of the machine and where it’s located, making it 100% transparent.
Unlike Bitcoin miners that use up huge amounts of electricity to solve mathematical problems in the hope of mining some Bitcoin, LyoFi Cloud Minting severs runs on the Proof Of Space protocol. This creates secure decentralized data storage space for Web 3.0.
You don’t need to understand how this works, or even what it means, the bottom line here is that we get paid daily rewards simply for providing space in the form of cloud storage.
It was founded by a company that was previously running a B2B Bitcoin liquidity service making €2m+ profit a month but, to their dismay, were shut down overnight due to new regulations.
They had spent a fortune in both funding and man hours building their company only to have it closed down in a day. Following this they decided to start again, but this time with transparency and compliance at the forefront.
They employed a team of lawyers, with the head of their legal department not only being Latvia’s ex Minister of Justice, but who is also currently part of the team now draughting the actual crypto regulations for the EU!
They started rebuilding just over 3 years ago and are now one of the most transparent and legally compliant companies in the crypto space.
They’ve got a fairly robust eco system already, including their own centralized crypto exchange, R&D company, merchant program, defi platform, even their own fully licensed B2B and B2C banking services.
I spent an entire day in Dubai with their Business Accelerator Manager, Alessio Vinassa, and their Global Master Distributor Diego Endrizzi, from 10am to 6pm stopping only for half an hour to grab refreshments:
I was there with a small group of leaders who had all, including me, paid their own way in flights and accommodation for the weekend. We went because we wanted to see this for ourselves. They answered every question we threw at them, and even answered questions we hadn’t asked. By the end of the day, when they asked if we had any more questions, the room finally fell silent. Even then Alessio began to talk about his opinions on where crypto was going and how he has managed his own assets (I went home and immediately sold all my Ethereum, keeping only a small amount for blockchain fees).
So why are they offering this?
Essentially, we are renting the machine, and LyoFi use those funds to purchase the server and set it up. We pay the maintenance costs and get rewarded for running it. But when the contract ends, once you have received your 3x of contract price, LyoFi get to keep the machine and all coins minted on it going forwards. Unlike Bitcoin ASIC miners that burn out after a year or two, cloud minting machines run for around four years, as they are basically storage space, and only need power to “prove” that they are online and available, so when our contract ends LyoFi have got the hardware for free and all the rewards it mints from then on go to them.
They’ve created a win/win scenario whereby we can profit from cloud minting without having to have any technological prowess to be able to purchase and set up these servers, as they do it all for you and in return, after you’ve made 3x your purchase costs back, they get to keep the minters for their own profits. This means they are getting thousands of cloud minting units a month producing exponential profits for the company, whilst building out a large asset base in Web 3.0.
They have offices in Dubai, Hong Kong, UK, and BVI, and I have to say I am extremely impressed with the transparency of the whole thing. They are actively ensuring that everything they do is legal and compliant both now, and in the future. For example, they even have third party audits on their product performance and on their smart contracts etc. The audits are purely for regulatory purposes and not even necessary at this stage, but they spend the money and get them done anyway.
Their KYC is strict too. As well as the normal KYC details you would expect with ID verification, if you deposit a significant amount of crypto onto their platform, they check back through the past 20 transaction of that particular crypto to make sure it hasn’t passed through the hands of illegal entities, money launderers, criminals etc. You can’t even use a VPN, as they want to see where you’re logging in from.
Some people won’t like that, but I think it’s great and definitely the way forward.
It’s really encouraging to see this kind of thing in the crypto space. Their ambition is to build a customer base of 20m-30m people and although they freely admit they’ll never compete with the likes of Binance, they said they don’t need to, they just want to become a well-established and respected brand.
You can check them out here:
Make sure you check out the profiles of the team too!
They also won the Best Crypto Solution of 2022 at the Dubai Crypto Expo in March.
To get started, I’ve created a video showing how to register and purchase one of these minting contracts:
The link you need to join is this one:
For me, this ticks all the boxes and gives me what I’ve been looking for years. This is a big picture project and not just another scheme. 70% or more of ALL exchanges and blockchain solutions will not meet the new regulations being introduced, even the big players. Look at OKX, the third largest cryptocurrency exchange and sponsors of Manchester City… they don’t even require KYC to use their services!
LyoPay has spent 32 months proactively putting in place the regulatory framework, legal structures, licenses, and AML (anti money laundering) systems to ensure they will be compliant. They have 13 lawyers on staff, one of which as I said was Minister for Justice for Latvia, and was invited to be one of the panel of lawyers to write the new crypto laws for the EU. They are working with the Central Bank of Brazil to roll out a nationwide payment solution for crypto/fiat using QR codes. They are setting up structures and licenses for India, the biggest potential crypto market in the world. Africa is in play with a focus on Nigeria, Ghana, DRC, South Africa, and Cote D’Ivoire. Australia and the USA is being set up now and the EU is already all systems go.
The video below should give you a good indication of why I believe this to be the best opportunity I’ve come across to date, and why I think this company will outlast 80% of all other companies and platforms in this space, including most of the cryptocurrency exchanges.
In the video Alessio Vinassa, LyoPay’s Business Accelerator Manager, talks about his vision for the company including the necessity for compliance and regulation. He also talks about why he believes there will be a crypto bull run over the next 24 months that will see gains 100x more than that of the dot com boom. You won’t want to miss this.
There is also a brief introduction from their head of compliance, Solandia Jurdi, which shows the lengths they go to to make sure LyoPay will become one of the leading players in this space over the next few years.
You can watch it here:
The link you need to join is this one:
I have another short 6 minute video for you below in which Alessio Vinassa explains how and why LyoFi decided to roll out Cloud Minting services and how the tokenomics work with their LyoCredits. You might want to watch it a couple of times but don’t worry if it goes over your head, what matters for us is that we get paid daily LyoCredits for running these servers and those credits can be instantly swapped into Bitcoin if you wish.
Below is a testimonial from ex banker David Jackson who visited the Dubai offices too:
And here we have a testimonial from Goran Hemstrom who also attended the Dubai event: