Do you like earing regular dividends as a passive income?
Do you like holding good crypto coins?
If your answer is affirmative for the questions above, we have similar strategies for making money in the cryptosphere.
Another thing is that even if you are not aware of these strategies then you can learn them today by reading this article.
The strategy is simple, it is to identify good coins that give your reward in one or another way for holding them. And believe me, as the cryptosphere is evolving, so are the opportunities to earn dividends via passive income are also evolving and increasing.
One such strategy is to identify crypto-exchanges that have native coins and who offer certain dividends & fee reductions to its users for holding their native coins.
For now, I will list some of the crypto exchange coins that I know for earning dividends and fees reductions.
Top Cryptocoins That Pay Dividends Or Offer Lower Transaction Fees
1. Bibox
Bibox is another exchange like Binance and similarly has its native token called BIX.
This BIX token will be used for paying various fees on the platform and the holders of BIX tokens will be rewarded with a fee reduction as per the below-given schedule.
Another incentive to the BIX tokens is that these tokens will be bought back regularly and burnt until the final supply reaches 200 million creating an economic incentive for the holders.
2. BNB
BNB aka Binance token is an ERC20 token with a fixed supply of 200 million. Out of this total supply, 100 million BNB tokens were distributed during the ICO last year and is a native coin of Binance exchange.
If you don’t know Binance is the best cryptocurrency exchange out there in the market as of now, to know more about Binance exchange read this exclusive guide.
You can use BNB to pay for any fees on the platform, including but not limited to:
Exchange Fees
Withdrawal fees
Listing Fees
Any other fee applicable
Apart from this, when you use BNB to pay for exchange fees, you will receive a significant discount according to the below-shown schedule.
And last but not least the token economics of BNB is set in a way that not only you will receive exchange fees reduction but the net worth of your tokens will keep increasing with time because Binance will be buyback BNB tokens every quarter from their 20% and burn them till the total supply reaches 100 million.
This will naturally drive up the price of BNB tokens.
Disclosure: I myself bought BNB tokens at $2 a few months back and now they are well above $22 per coin.
3. KCS
KCS is the native token of well know KuCoin exchange and is pretty much similar to Binance.
KCS aka KuCoin Shares is an ERC-20 token and 100 million of them were distributed in the ICO last year.
You can see the reward ratio of holding KuCoin Share tokens in the below pie-chart.
So you see by holding KuCoin Shares you are in a win-win situation in both the conditions if you are HODLer or trader.
Also, like Binance 10% of their profits will be used in buying back KCS and burning them so that holders of KCS rewarded more by resulting price appreciation.
4. BCO
BCO aka BridgeCoin is a native currency CryptoBridge Dex which is an upcoming decentralized exchange.
BCO is not an ERC-20 token like the two former ones instead it is minable cryptocurrency with proof of work behind it.
BCO holders get up to 50% of the revenue share/bonus of CryptoBridge exchange if they are staking their coins the following schedule.
1 Month (0% Bonus)
3 Months (20% Bonus)
6 Months (50% Bonus)
12 Months (100% Bonus)
However, I’m not too certain about Crypto-bridge exchange as it seems like it’s giving more profit to the creator. They put a lot of extra charges on exchanging coins and also on withdrawal. Personally, I’m not recommending this exchange to use it. However, since BCO is a popular coin for getting dividends, I had to add it. I’m doubtful about the future of this exchange as the interface is not as modern as offered by others in this list.
Here is video tutorial on how to stake BCO coins.
5. COSS
COSS is another ERC-20 token, which is also the native currency of COSS exchange.
COSS is also an exchange like Binance and KuCoin, having pretty much the same features but in the future, it will transform itself in a DAO.
For now, COSS holders are paid 50% of the exchange trading fee on a weekly basis.
One can hold COSS tokens in the exchange itself or in an ERC20 wallet like MyEtherWallet to receive the rewards.
6. CEFS
CEFS is another dividend generating token called as CryptopiaFeesShare (CEFS) token issued by the popular cryptocurrency exchange Cryptopia over Ubiq blockchain.
But these tokens are rare and bit pricey. At the time of writing each CEFS token is trading at 0.5 BTC price and the total number tokens with a fixed cap are 6300 only.
HODLer of CEFS token will be getting 4.5% of Cryptopia monthly revenue distributed in the proportion of their CEFS holdings.
Apart from that, there is no other UPS or fee reduction incentive for holding CEFS but it is still profitable for those you can afford to hold it.
Conclusion: Best Crypto exchange divident coins
You might think that all the exchanges are offering pretty much the same thing so will it be profitable to hold these tokens.
And yes, I think it will be profitable because crypto space is still growing and has not reached its saturation level yet so these tokens are bound to get your profits.
Also, I think these types of token holdings are a must have in a crypto portfolio because these are low risk and decent reward tokens.
So that’s it from my side in this article.
Do let me know which tokens/coins you are planning to buy and hold. Also, share with me if you know any other crypto exchange coins that pay you dividends or reduction in fees for holding them.
Credit https://CoinSutra.com
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I have kucoins... and its great to be part of it. i love the daily bonus not only on the kcs but in all the altcoins available from the site..
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