Cryptocurrencies That Pays Dividends
Cryptocurrencies are a form of digital currency that is decentralized and operates on a blockchain technology.
Some cryptocurrencies offer a unique opportunity for investors to earn passive income in the form of dividends.
Dividends in cryptocurrencies are usually paid in the form of tokens or coins from the underlying platform.
The frequency of dividends can vary from daily, weekly, monthly or quarterly, depending on the platform.
One of the popular cryptocurrencies that pay dividends is Nexo, which pays out 30% of its profits to token holders in NEXO tokens.
Another platform that offers dividends is KuCoin, which has its own token called KCS that pays out daily dividends.
Some exchanges like Binance have their own tokens such as Binance Coin (BNB) that offer generous dividends to its holders.
The amount of dividends paid is usually based on the number of tokens held and the platform’s profit margins.
Some platforms also have staking programs where investors can earn additional rewards by holding the tokens and participating in network validation.
Some platforms like Steemit pay dividends in the form of tokens that can be exchanged for other cryptocurrencies or fiat currency.
Dividend-paying cryptocurrencies offer a way for investors to earn passive income and diversify their portfolios.