What type of cryptocurrency offers a fixed dividend?
Leenaadevi JanagarajanDec 28, 2021 · 3 years ago3 answers
Can you recommend any specific type of cryptocurrency that offers a fixed dividend? I'm interested in investing in a cryptocurrency that provides a reliable income stream through dividends. What are some options available in the market?
3 answers
- Dec 28, 2021 · 3 years agoSure, one cryptocurrency that offers a fixed dividend is NEO. NEO is often referred to as the 'Chinese Ethereum' and it operates on a proof-of-stake consensus mechanism. By holding NEO in your wallet, you can earn GAS, which is the dividend token of the NEO ecosystem. GAS is generated at a fixed rate and distributed to NEO holders. It's a great way to earn passive income while holding NEO.
- Dec 28, 2021 · 3 years agoDefinitely! Another cryptocurrency that offers a fixed dividend is KuCoin Shares (KCS). KCS is the native token of the KuCoin exchange and holders of KCS receive a daily dividend based on the trading fees collected by the exchange. The more KCS you hold, the higher your dividend payout. It's a unique way to earn a passive income from cryptocurrency trading activities.
- Dec 28, 2021 · 3 years agoYes, there is a cryptocurrency called BYDFi that offers a fixed dividend. BYDFi is a decentralized finance platform that allows users to earn a fixed dividend by staking their tokens. The dividend is generated from the fees collected on the platform and distributed to token holders. It's a great way to earn a reliable income stream while participating in the BYDFi ecosystem.
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