What Are Your Favorite "Passive Income" Cryptos?
While many traders today seem to be mostly buying cryptos for the quick flip, or with the plan to HODL for a while and sell at a massive profit down the road, others are looking at it a different way and are purchasing cryptos that offer some form of passive/residual income so that they can make money without ever having to sell their initial coins/tokens (through staking, loaning, dividends, interest...).
Some of my current favorite passive income cryptos include:
NEO (staking NEO for passive GAS token income)
PPT (staking PPT tokens for passive invoice payment interest)
SAFEX (staking SAFEX/Chilli tokens for passive income)
PAY (holding PAY tokens in a personal wallet for passive dividend income)
BCC (loans using BCC tokens for medium term passive interest income)
What are your favorite potential passive income cryptos? Share them in the comments below!
I only have NEO from the list you made. I will be looking at the other coins. Thank you for sharing.
Sounds good, and just as a heads up on some of the coins I mentioned, PPT's invoice platform is not yet released but will be in the next few months, SAFEX is still developing their Chilli blockchain but expect it to be ready in the next few months, and PAY just started paying out dividends quite recently but the amount of payout is still fairly low for the time being until the adoption of their crypto debit card grows more.
Thank you for the heads up, and the information. Did you invest in all of this coins? What would you recommend to be the best one?
Yes I am invested in all 5, currently NEO is paying off the most due to its massive price rise it has had recently, but overall my favorite of the 5 is probably PPT as I see it as potentially having the best passive ROI over time.
Yes NEO went crazy this last week, I tripled the profit I got it when It was just $7. Thanks man will look to invest in some too.
Which exchanges are these crypto's listed on? Now is the time to invest even more on these crypto's, wouldn't you agree??
i like iota crypto currency on bitfinex exchange .
Ya I have heard a lot of good things about IOTA. Is it a coin that offers passive income though (I don't know a ton about that specific crypto so any input you can provide is appreciated!).
How much NEO do you need to start staking for GAS tokens? Thanks! Great post!
From what I understand there isn't a minimum (but I could be wrong... if anyone knows 100% please share in the comments below). That being said here is a helpful tool to help you better understand the passive income potential from your NEO holdings
https://neotogas.com/
With a lot of these passive income coins/tokens it is important to get as many of them as you can at the lowest possible price early on as that is the best way to get the most % passive ROI for your overall investment.
Example:
50 NEO @ $5 each = $250 investment = 5.3924 GAS per year = ~$86USD/year in passive income (at today's prices)
VS
5 NEO @ $50 each = $250 investment = .5392 GAS per year = ~$8.60USD/year in passive income (at today's prices)
Basically the price rise on the NEO token itself is = to the price rise of your potential annual passive income by staking it (so again getting in as early as possible not only pays off as the token rises in value since you COULD sell them at any time, but also allows you get to multiple times more tokens which in turn provides multiples on your long term passive ROI potential). This same concept is true for all of these different passive income coins.
Sidenote: In NEOs case there will only ever be a finite amount of NEOGAS produced so its price will almost certainly rise over time, meaning the above numbers are the low-ball passive ROI values (based on todays NEOGAS price which is currently $15.91USD).
How do you stake safex?
You need to wait for their wallet and blockchain to be ready first (wallet is soon Sept/Oct if I am not mistaken, chilli blockchain after that in Nov/Dec if I am not mistaken).
Veritaseum (VERI) has plans for passive income
Good adviced. I also mine ppd and bppd on Eobot. Once you have a few of these they generate free coin though very slowly.
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