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Which cryptocurrencies offer dividend payments similar to Robinhood's APE token?

avatarJohannsen DotsonDec 26, 2021 · 3 years ago3 answers

Can you recommend any cryptocurrencies that provide dividend payments similar to Robinhood's APE token? I'm interested in investing in cryptocurrencies that offer passive income through dividend payments. I would like to know which cryptocurrencies have a similar model to Robinhood's APE token, where holders receive regular dividends based on their token holdings. Could you please provide some options?

Which cryptocurrencies offer dividend payments similar to Robinhood's APE token?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Sure! One cryptocurrency that offers dividend payments similar to Robinhood's APE token is Binance Coin (BNB). BNB holders can earn dividends through Binance's token burn program, where a portion of the trading fees collected on the platform are used to buy back and burn BNB tokens. This reduces the total supply of BNB and increases the value of the remaining tokens, providing a form of passive income for holders.
  • avatarDec 26, 2021 · 3 years ago
    Absolutely! Another cryptocurrency that provides dividend payments similar to Robinhood's APE token is KuCoin Shares (KCS). KCS holders receive a share of the trading fees generated on the KuCoin exchange. The more KCS tokens you hold, the larger your share of the dividends. This creates a passive income stream for KCS holders, making it an attractive investment option for those seeking dividend payments.
  • avatarDec 26, 2021 · 3 years ago
    Yes, there are several cryptocurrencies that offer dividend payments similar to Robinhood's APE token. One notable example is BYDFi (BYD). BYDFi is a decentralized finance (DeFi) project that allows users to earn dividends through staking their BYD tokens. Staking involves locking up your tokens in a smart contract, and in return, you receive a portion of the project's profits as dividends. It's a great way to earn passive income while supporting the BYDFi ecosystem.