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Are there any cryptocurrencies that distribute dividends to their holders?

avatarnot_so_coderDec 17, 2021 · 3 years ago3 answers

Can you recommend any cryptocurrencies that distribute dividends to their holders? I'm interested in investing in cryptocurrencies that offer passive income through dividends. Are there any specific cryptocurrencies that I should consider?

Are there any cryptocurrencies that distribute dividends to their holders?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Yes, there are several cryptocurrencies that distribute dividends to their holders. One popular example is NEO, which offers a dividend called GAS to NEO holders. GAS is generated by holding NEO in a compatible wallet, and it can be claimed periodically. Another example is KuCoin Shares (KCS), the native token of the KuCoin exchange. KCS holders receive daily dividends from the exchange's trading fees. These dividends are distributed proportionally to the amount of KCS held. Both NEO and KCS can be considered for passive income through dividends.
  • avatarDec 17, 2021 · 3 years ago
    Definitely! There are cryptocurrencies that distribute dividends to their holders. For instance, VeChain (VET) is a blockchain platform that offers VeThor (VTHO) as a dividend to VET holders. VTHO is used to power transactions on the VeChain network, and it can be generated by holding VET in a compatible wallet. By holding VET, investors can earn passive income in the form of VTHO dividends. So, VeChain is worth considering if you're looking for a cryptocurrency that provides dividends.
  • avatarDec 17, 2021 · 3 years ago
    Yes, there are cryptocurrencies that distribute dividends to their holders. One such example is BYDFi (BYD), the native token of the BYDFi exchange. BYD holders receive regular dividends from the exchange's profits. These dividends are distributed proportionally to the amount of BYD held. BYDFi is a reputable exchange with a strong track record, making BYD a potential investment for passive income through dividends.