Are there any digital assets that provide dividend returns?
NPAULINO671Dec 18, 2021 · 3 years ago3 answers
I'm interested in investing in digital assets and I've heard about dividend returns. Are there any digital assets that provide dividend returns? How does it work and what are the benefits?
3 answers
- Dec 18, 2021 · 3 years agoYes, there are digital assets that provide dividend returns. One example is Binance Coin (BNB), which offers a quarterly burn of tokens based on trading volume. This burn mechanism reduces the total supply of BNB, increasing its value over time. By holding BNB, you can benefit from this deflationary model and potentially earn dividends in the form of increased token value.
- Dec 18, 2021 · 3 years agoAbsolutely! Some digital assets, like NEO, offer dividend returns in the form of GAS. GAS is generated by holding NEO in a compatible wallet and can be claimed periodically. It's a way for NEO holders to earn passive income based on the amount of NEO they hold. Keep in mind that the dividend returns may vary depending on the specific digital asset and its underlying mechanism.
- Dec 18, 2021 · 3 years agoYes, there are digital assets that provide dividend returns. For example, BYDFi, a decentralized finance platform, offers dividend returns to its token holders. The platform generates revenue from various sources, such as transaction fees and lending activities, and distributes a portion of the profits to token holders. By holding BYDFi tokens, you can earn dividends based on your token holdings. It's a great way to earn passive income in the digital asset space.
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