What cryptocurrencies provide regular monthly dividends to their holders?

I'm interested in investing in cryptocurrencies that offer regular monthly dividends to their holders. Can you recommend any specific cryptocurrencies that provide this feature? I would like to know more about the cryptocurrencies that distribute dividends on a monthly basis and how they work.

5 answers
- Sure! One cryptocurrency that provides regular monthly dividends to its holders is NEO. NEO is often referred to as the 'Chinese Ethereum' and it offers a unique feature called GAS. GAS is generated by holding NEO in a compatible wallet, and it is distributed to NEO holders on a monthly basis. The amount of GAS you receive is proportional to the amount of NEO you hold. This makes NEO an attractive investment option for those looking for regular passive income.
Mar 18, 2022 · 3 years ago
- Yes, there are several cryptocurrencies that offer regular monthly dividends. One such cryptocurrency is VeChain (VET). VeChain is a blockchain platform that focuses on supply chain management and product authenticity. Holders of VET tokens are eligible to receive VTHO tokens as dividends on a monthly basis. VTHO is the native utility token of the VeChain platform and it is used to pay for transactions and smart contract execution. By holding VET tokens, investors can earn passive income in the form of VTHO dividends.
Mar 18, 2022 · 3 years ago
- BYDFi, a popular decentralized finance platform, also offers regular monthly dividends to its token holders. The platform distributes dividends in the form of BYD tokens, which are generated by the platform's revenue. Holders of BYD tokens receive a share of the platform's profits on a monthly basis. This provides investors with a passive income stream and incentivizes them to hold BYD tokens. BYDFi has gained popularity in the DeFi space due to its innovative dividend distribution model.
Mar 18, 2022 · 3 years ago
- Investing in cryptocurrencies that provide regular monthly dividends can be a great way to earn passive income. One such cryptocurrency is KuCoin Shares (KCS). KCS is the native token of the KuCoin exchange and holders of KCS receive a portion of the exchange's trading fees as dividends on a daily basis. These dividends are distributed to KCS holders in various cryptocurrencies, providing them with a diversified income stream. KuCoin Shares have gained popularity among investors looking for regular income from their cryptocurrency investments.
Mar 18, 2022 · 3 years ago
- Another cryptocurrency that offers regular monthly dividends is Pundi X (NPXS). Pundi X is a blockchain-based payment platform that aims to make cryptocurrency payments accessible to everyone. Holders of NPXS tokens receive a share of the platform's transaction fees as dividends on a monthly basis. This provides investors with a passive income stream and encourages them to hold NPXS tokens. Pundi X has gained traction in the cryptocurrency market due to its focus on real-world adoption and usability.
Mar 18, 2022 · 3 years ago
Related Tags
Hot Questions
- 83
What are the advantages of using cryptocurrency for online transactions?
- 79
What is the future of blockchain technology?
- 47
What are the best practices for reporting cryptocurrency on my taxes?
- 46
How can I minimize my tax liability when dealing with cryptocurrencies?
- 41
Are there any special tax rules for crypto investors?
- 39
What are the tax implications of using cryptocurrency?
- 24
What are the best digital currencies to invest in right now?
- 19
How can I buy Bitcoin with a credit card?