Thor Financial Review
Welcome to my Thor Financial Review. Here I will introduce you to a whole new genre. A completely different method of wealth generation that has yet to be proven. Is Thor Financial a scam?
But before we continue, I’d like to say that this is not financial advice and I am personally invested in this project (I am known as Legend.Thor in discord), but I will try not to be overly biased.
This is not a paid promotion, and there will not be any affiliate links in this article.
In the image above, you can see that I have 15 total nodes at this time. I do plan on getting more soon! Thor Financial is a NaaS (Nodes as a service) protocol that allows you to own a node in a blockchain.
*Above image is the new UI that is coming soon to Thor Financial.
Currently, their website UI is being worked on. So at the time of this article, it might not be the most attractive.
But the fundamentals are still there. Soon, they will be releasing their new UI and it’s going to contain a ton of helpful information for current and new investors.
Thor Financial In A Nutshell
In short, for owning a node, you’ll earn daily Thor Tokens which can then be converted into AVAX. If you need money, you can then convert it into fiat (hard cold cash).
One thing to keep in mind though is that, at this time, your initial investment is essentially gone. So it will take some time before you can get your ROT/ROI.
- ROT = Return on Thor
- ROI = Return on Invesment
However, because NaaS has not been proven to be a long-term sustainable solution for passive income. Thor Financial is currently innovating something different.
A protocol with multiple income sources that don’t solely depend on new investors creating nodes. Which I will talk more about later in this article.
At this time, Thor Financial has invested in many other projects within the crypto space. You can find their DeBank here.
Note: Thor Financial is not a get-rich-quick scheme, so don’t plan on getting rich quickly if that is your intention.
The Face Of Thor Financial
The face of Thor Financial; Community Manager also known as Loki. His real name is Colin.
If memory serves me well, he is from Canada and has been in the DeFi space for quite some time now.
Previously, he was a discord moderator in another DeFi project.
Colin sensed something fishy about this project and spoke out against it. The project turns out to be a Rug Pull and Colin was banned for exposing it.
As an investor himself, he decided to take it upon himself to change the DeFi space.
DeFi has always been known as the wild west. Many projects rug pull and many investors lose thousands, some even in the hundreds of thousands.
Upon joining Thor Financial, he was quickly recognized for his passion and was asked to join the team. Here he is today, being a community manager for Thor Financial, as well as starting the Union of Transparency, and the Chief Marketing Officer for Hive Investments.
Not too shabby if you ask me!
Thor Node Tiers
As you can see from the image above, you can create your own Thor Nodes by spending $THOR tokens.
In order to acquire $Thor Tokens, you will need to swap it with AVAX on TraderJoes. I will include a quick video from JustCryptos on YouTube.
Compounding Into New Thor Nodes
Thor Financial allows you to compound your existing rewards into new nodes that you currently own.
With the exception of God Mode investors. God Mode is automatically unlocked after purchasing every Thor Node once: Heimdall, Freya, Thor, and Odin.
As a God Mode investor, you can compound into any Thor Node with all of your rewards.
Note: When compounding, your leftover rewards will be automatically claimed to your wallet.
Liquidity Pool Farming
I’m going to be brief about this topic since I know almost nothing about liquidity pool farming. What I have heard is that there is a risk called impermanent loss.
Currently, Thor Financial offers 2 liquidity pools. The one with just Thor Token has no such risk.
Eventually, I will try this out since it can help generate additional Thor Tokens.
Sliding Claim Taxes
To combat daily sell pressure, Thor Financial has introduced sliding claim taxes.
Those who claimed daily were not very happy with this. But it is for the better in terms of long-term price action.
This will incentivize investors to not sell every day. Yes, people will probably sell once they receive the lowest claim tax.
But based on my observation, many have already sold way before and are receiving fewer Thor tokens which should help lower the overall emissions.
Monthly Fees
To continue earning from your nodes, you must pay a monthly fee.
HEIMDALL Monthly maintenance fee: $5 (Stable)
FREYA Monthly maintenance fee: $10 (Stable)
THOR Monthly Maintenance Fee: $20 (Stable)
ODIN Monthly maintenance Fee: $80 (Stable)
The monthly fee will be paid in AVAX.
The following message can be found on Discord Announcements:
— If you fail to pay the maintenance fee by the node’s due date, it will become inactive and stop accumulating rewards.
— Nodes are NOT deleted. They will remain inactive indefinitely, or until reactivation occurs.
— Any outstanding/unclaimed rewards will be forfeited and sent directly to our treasury.
To reactivate a node the following fees apply:
— Payment of overdue fees up to the date of reactivation.
— A one-off reactivation fee to the equivalent of the tiers fee. e.g $2 Heimdall & $20 Thor.
Please note: 100% of the one-off reactivation fee goes towards buybacks, thus creating a positive action for the price of $THOR. We will not profit from this as a protocol.
— The reactivated node will begin receiving rewards once fees are paid, and the due date will be set at 30 days out.
Gods Of Asgard
Thor Financial is currently in the process of creating its own P2E (play to earn) game. The name is going to be Gods of Asgard. Very fitting considering that their theme is based on the Norse Mythology.
The following is their roadmap to provide you with some expectations on what is coming soon in relation to the Gods of Asgard.
- March 1st — Release date, roadmap, whitelist info, & Twitter
- March 15th — Website live with gameplay previews & announcements
- Mid — Late March — Announce full minting details including price, quantity, etc
- Late March — Early April — Beta testing live — More details on beta testing access to come
- Mid-April — White paper release
- Late April — Whitelist mints
- Late April — Presale/God Mode mints
- Late April — Public Mint
- May 1st — Game Launch!
I highly recommend checking out their Medium posts to get up-to-date info.
For the new game, Thor will be the governance token. So Thor Financial will receive 30% of all revenue generated from the game to fund buybacks, replenish reward pools grow their treasury, and fund future investments.
This will help keep it sustainable to continuously payout to their node holders.
If you want a chance to get whitelisted, I highly recommend checking out their discord here. It’s also not a bad idea to interact with their community as well as moderators before investing.
They also host AMA’s (ask me anything) sessions every Thorsday (Thursday).
Before we continue, let me provide you with 2 of their latest images for their in-game playable characters Heimdall and Thor.
GoA Features
NFTs and Tokens
- You can either create or buy NFTs which will act as your playable characters with unique attributes.
- You can earn tokens by playing the game. Both native in-game tokens and governance tokens.
- Your NFTs will be tradeable on a public marketplace at launch.
PvE system (Player vs Environment)
- Test your skills by fighting AI-programed enemies in a battle-royale-style game.
- Earn tokens by surviving! Show your enemies what a true Asgardian is capable of.
NFT Breeding
- Use your hard-earned tokens to breed future generations of character NFTs!
Scholarship System
- Not a gamer? Not a problem. NFT holders can rent or lend out their NFTs to those who can’t afford to mint their own NFTs.
- Set how much you are willing to share in terms of earned tokens with the person borrowing your NFTs. Truly a win-win situation for both gamers and non-gamers!
Future Updates
For now, Thor Financial is focusing on PvE, but ultimately, they want to create a PvP system. There you can compete against other real-life players.
They are also looking into making the Gods of Asgard VR compatible. This is awesome for those who want to enjoy the game from a different point of view.
In the future, NPCs (non-player characters) will have AI voice-to-chat which will provide you with a more premium experience.
Lastly, they will be expanding the open world to include things like farming! I don’t know about you, but this upcoming game is amazing! Fun and extra money to be earned.
Thor Financial Node Cap
When is node cap? A commonly asked question in Thor’s community. Eventually, Thor will become deflationary.
Once all utilities are in place and Thor will no longer require new investors to create nodes to sustain the protocol, nodes will be capped.
Eventually, the only way to obtain a Thor node will be to purchase it in their NFT marketplace (Thor Financial is working on its own NFT Marketplace). The Thor nodes will remain a valuable asset because they will continue to provide you with rewards (Thor Tokens).
More To Come
There is definitely more room for Thor Financial to grow. With the ever-changing environment of DeFi, Thor Financial does a great job of pivoting when needed.
As an investor, my advice is to stay up-to-date with your investment. I highly recommend that you join Thor’s discord which can be found here.
More words of advice:
- Never invest more than you can afford to lose.
- Don’t expect to be rich overnight.
- Thor Financial is a long-term play.
- It’s okay to take profits!
- Expect changes, so check announcements regularly.
- Don’t FUD your own bag.
- Do your own research and don’t base your investments on someone like me or someone else online.
So is Thor Financial a scam? In my opinion, after a few months of interaction, I don’t consider Thor Financial a scam. Is it high risk? Absolutely.
Remember, they are trying to create something that has yet to be done. Even the OG StrongBlock cannot say they are 100% sustainable.
So only invest what you think is tolerable and expect that you might lose it all.
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