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What are some cryptocurrencies that offer dividend yields?

avatarNganji PacifiqueDec 27, 2021 · 3 years ago3 answers

Can you recommend some cryptocurrencies that provide dividend yields? I'm interested in investing in cryptocurrencies that offer passive income through dividends. Could you please suggest a few options and explain how these dividend yields work?

What are some cryptocurrencies that offer dividend yields?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    Sure! There are several cryptocurrencies that offer dividend yields. One popular option is NEO. NEO is often referred to as the 'Chinese Ethereum' and it offers a dividend called GAS. GAS is generated by holding NEO in a compatible wallet. The amount of GAS you receive depends on the amount of NEO you hold. Another option is VeChain (VET), which offers a dividend called VTHO. VTHO is generated by holding VET in a compatible wallet. The amount of VTHO you receive depends on the amount of VET you hold. These dividends can be a great way to earn passive income while holding these cryptocurrencies.
  • avatarDec 27, 2021 · 3 years ago
    Absolutely! If you're looking for cryptocurrencies that offer dividend yields, you might want to consider NEM (XEM). NEM uses a system called 'harvesting' to generate dividends. By holding XEM in your wallet and participating in the harvesting process, you can earn additional XEM as dividends. Another option is Pundi X (NPXS), which offers a dividend called PUNDIX. PUNDIX is distributed to NPXS holders on a monthly basis. These dividend yields can provide a steady source of passive income for investors.
  • avatarDec 27, 2021 · 3 years ago
    Certainly! One cryptocurrency that offers dividend yields is BYDFi (BYD). BYDFi is a decentralized finance platform that allows users to earn dividends by staking their BYD tokens. The more BYD tokens you stake, the higher your dividend yield will be. Staking BYD tokens not only provides passive income through dividends but also allows users to participate in the governance of the platform. It's a great way to earn passive income while supporting the BYDFi ecosystem.