What are some cryptocurrencies that offer dividend yields?
Nganji 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?
3 answers
- Dec 27, 2021 · 3 years agoSure! 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.
- Dec 27, 2021 · 3 years agoAbsolutely! 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.
- Dec 27, 2021 · 3 years agoCertainly! 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.
Related Tags
Hot Questions
- 91
How can I buy Bitcoin with a credit card?
- 88
What are the tax implications of using cryptocurrency?
- 86
How can I minimize my tax liability when dealing with cryptocurrencies?
- 82
What is the future of blockchain technology?
- 37
What are the advantages of using cryptocurrency for online transactions?
- 17
What are the best digital currencies to invest in right now?
- 13
How does cryptocurrency affect my tax return?
- 13
What are the best practices for reporting cryptocurrency on my taxes?