Dividend paying crypto Neo and other ways to generate crypto dividends
If you have invested in dividend paying stocks on the conventional markets, you may be interested in investing in blockchain based coins/tokens that also pay dividends.
In this post, I'll review Neo which pays a dividend named 'gas'
What is Neo?
Here is a daily chart of Neo from early June of this year, the trend is up but is very volatile as you can see:
You can download the Neon wallet on Github which shows the amount of gas that you generate by holding onto the coin. You just click on the Claim button to transfer your gas dividend to the wallet.
To see how much of a dividend payout you will receive each year, you can go to the neotogas website:
In the example below, I used 100 Neo and it produced the amount of gas per day, week, month and year. The actual dividend rate is 4.17%. With price appreciation of the gas coin, the rate can go higher.
There is a Neo developer conference in San Francisco in late January 2018. Will the latest information that is released in this conference affect the price?
There are a few other paths that one can take to obtain crypto dividends with one being the purchase and running of a masternode. One of the top coins for this is Dash. There is a lot of information regarding the setup of the masternode on their site. (It does take 1000 Dash to host a masternode which is most likely too much $$$ for most people at this time)
Another method of generating crypto dividends is with the Proof of Stake coins. (Do a search to read up on the technology compared to Proof of Work)
To generate the dividends for these coins, you run a wallet on a computer 24/7 for a certain period of time, usually at least a month. Then you can claim the dividend which is divided by how many coins that you have staking. Some people are generating a decent passive income with the monthly dividend payouts!
I am planning on testing this out on a small scale. If I am able to generate ~$100 USD's a month for a few months, I may slowly increase the staking size for each coin.
A few of the Proof of Stake coins are Neo, Pivx, Crown, Nav Coin, Stratis, Zcoin
Lastly: This is not investment advice, I am not a registered financial advisor. Do your own due diligence and talk to your financial advisor before investing in any asset.
Very interesting post!
I knew that you could get interest if you lend your crypto, but dividend?
With Proof of Stake, you obtain a certain percentage of the coin that your staking which is essentially a dividend payout. I see the Gas payout for holding onto Neo as a dividend payout as well. (But the term dividend typically refers to the conventional stock market)
That’s correct, in stock market the company pays the dividend if you hold their stock at certain time, with crypto there is no company, it’s something else.
Very useful and new information shared on the many derivatives from cryptocurrency instruments. Thanks for sharing and myself will emerge more in understanding this and maybe enlarging or putting at work my current portfolio.
I think it is fairly 'safe' to start accumulating Proof of Work coins specifically for dividend payouts on a small scale. (Do not risk $$$)
If the coin appreciates going forward, that is also a plus. PC's are pretty cheap these days and there are many coins that are less than $1.
Would you recommend some specific Proof of Work coins that you might have looked at and maybe foresee some value to it? Of course I'll do also my due diligence on that, but if you have some starting points that would be great. Also, if it happens to be a low value coin would help with a small investment in the beginning. Thanks nevertheless.
I meant Proof of Stake in my initial reply. Proof of Work coins like Bitcoin takes a lot of computer hardware/GPU's and electricity. There are a lot of Youtube videos that reviews POS coins. Do a search for them as well as there are sites that list them.
Here is a masternode site with sortable columns. Most of these coins are POS.
https://masternodes.online/
Really interested to see an update on this, to see how much you can accumulate thru just holding POS coins. Keep'm coming!
Since u mentioned Neo/Gas, we happen to have a short term spec/rec on it...
we have an overnite rec on Neo's "Gas"....
https://steemit.com/cryptocurrency/@harpooninvestor/poopcoins-overnite-gas-and-decred
also some longer term recs at the bottom of our article, altho not yet "written up" in detail.
You can check out this guys YT videos for a good look into his POS experiment where he bought $250 worth of about 10 coins and documented his journey. (Which is still going) Alpha Crypto
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Good to see, Neo getting so much attention !