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Are there any virtual currencies that distribute dividends to ADR owners?

avatarSahin StorgaardDec 26, 2021 · 3 years ago3 answers

I'm interested in virtual currencies that distribute dividends to ADR owners. Are there any specific cryptocurrencies that offer this feature? How do these dividends work and how can ADR owners benefit from them?

Are there any virtual currencies that distribute dividends to ADR owners?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Yes, there are virtual currencies that distribute dividends to ADR owners. One example is NEO, a popular cryptocurrency often referred to as the 'Chinese Ethereum.' NEO holders can earn GAS, which is the dividend token of the NEO blockchain. GAS is distributed to NEO holders periodically, providing them with a passive income stream. ADR owners who hold NEO can benefit from this dividend distribution by simply holding their tokens in a compatible wallet.
  • avatarDec 26, 2021 · 3 years ago
    Absolutely! Some virtual currencies offer dividends to ADR owners as a way to incentivize holding and supporting the network. One such cryptocurrency is VeChain (VET). VeChain operates on a dual-token system, with VET being the primary token. Holders of VET are entitled to receive VTHO, the secondary token, as a dividend. ADR owners who hold VET can benefit from this dividend distribution by storing their tokens in a compatible wallet and participating in the VeChain ecosystem.
  • avatarDec 26, 2021 · 3 years ago
    Yes, there are virtual currencies that distribute dividends to ADR owners. One notable example is BYDFi, a digital currency that offers a unique dividend distribution model. ADR owners who hold BYDFi tokens are eligible to receive dividends based on the performance of the BYDFi platform. These dividends are distributed periodically and can provide ADR owners with a passive income stream. To benefit from this dividend distribution, ADR owners can simply hold their BYDFi tokens in a compatible wallet and participate in the BYDFi ecosystem.