Cryptocurrency is a fast-growing industry that has spawned numerous technological and financial developments. It has not only created vast wealth but also opened countless opportunities for people.
There are different ways to profit from crypto, such as day trading, swing trading, long-term holding, staking, and more. Each strategy caters to active traders and passive investors alike.
Investing in strong crypto projects can yield significant returns over time. Surprisingly, like publicly traded companies, some crypto projects also distribute profits.
This article will explore some of the top cryptocurrencies that offer this unique feature.
Top 6 Cryptos That Pay Dividends
Many crypto projects offer profit sharing, although they can be difficult to discover due to the limited popularity of this method of income in the cryptocurrency community.
To make your search easier, we’ve compiled a list of six crypto tokens that offer substantial returns through dividend payments. Check it out below!
1. VeChain (VET)
VeChain is a blockchain platform designed for businesses to manage data, supply chains, and Internet of Things (IoT) devices at the enterprise level. It is designed to help businesses expand globally with ease.
VeChain has two main tokens: VET and VTHO. VET acts as a store of value and a means of transferring assets. VTHO, on the other hand, is specifically designed to cover network transaction fees.
You can receive profits in VTHO by holding VET tokens in your wallet. The profit you earn depends on the number of VET tokens you hold and how long you hold them.
2. Komodo (KMD)
Komodo is a cryptocurrency project known for prioritizing privacy, launched in 2016. It gained popularity for using a consensus method based on zero scientific evidence.
Furthermore, Comodo is a multi-chain platform, which means it allows users to create their own blockchains and host token sales. This capability also extends to supporting exchanges and smart contracts.
To receive dividends from Komodo, you must have at least 10 KMD tokens in your wallet. These dividends, known as Active User Rewards, are distributed monthly and can be claimed accordingly.
3. AscendEX (ASD)
AscendEX, also known as BitMax, operates as a cryptocurrency exchange headquartered in Singapore.
Investors with ASD can earn profits through automated airdrops. In general, the more ASD tokens you have, the more valuable your airdrops will be.
Additionally, ASD holders will have the opportunity to participate in an initial exchange offer (IEO) and receive voting rights within the platform. AscendEX also allocates 80% of its network profits as a bonus to ASD holders. By holding ASD tokens, you can either opt for a guaranteed return of 6.93% or get up to 80% off trading fees within the platform.
Another outstanding feature of this platform is the ability to use your ASD holdings as collateral for margin and futures trading.
4. Bibox (BIX)
Bibox, a cryptocurrency exchange founded in China in 2017, provides trading options and secure storage solutions for digital assets.
The Bibox token (BIX) offers several benefits to its holders, such as lower trading fees and access to exclusive features on the platform. What sets it apart even more is its dividend payout feature, which Bibox introduced in early 2018.
If you want to receive profits from Bibox, you need to lock up at least 500 BIX tokens. Previously, you had to make at least one trade per week to qualify, but this requirement has been removed. Profits from Bibox are now distributed weekly, every Friday.
As of now, Bibox ranks 135th on CoinMarketCap’s list of exchanges, with a low score of just 3.4 out of 10. Be aware of any updates before you decide to invest in its token.
5. NEO (NEO)
NEO, formerly known as AntShares, is a blockchain platform originating from China. It facilitates smart contracts, allowing users to trade digital assets similar to other blockchain platforms.
Developers can use NEO to build decentralized applications (dApps), similar to how they use Ethereum. This similarity with Ethereum is why NEO is sometimes referred to as the Chinese Ethereum.
One of the prominent features of this blockchain is its ability to reward users with GAS tokens as dividends. To qualify for these dividends, all you need to do is hold NEO in your cryptocurrency wallet.
GAS is like the fuel that runs the blockchain network. Whenever a transaction takes place on NEO, it generates GAS tokens. These tokens are later distributed to all NEO holders.
You will get more GAS based on how many NEOs you own and how long you hold them.
6. KuCoin (KCS)
KuCoin, a leading cryptocurrency exchange headquartered in Hong Kong, started operations in 2017. It has gained popularity due to its easy-to-use platform and the wide selection of cryptocurrencies it supports.
The KuCoin Token (KCS) offers unique benefits to its users, such as the ability to earn profits known as KCS Bonuses. By holding at least 6 KCS tokens, you are eligible to receive dividends from KuCoin.
KuCoin shares its profits with holders through a profit of 50% of its trading fees, which provides a regular income. The more KCS tokens you have, the higher your dividend returns. Profits are paid daily in KCS tokens.
FAQ: 6 Crypto Coins That Pay Dividends in (2024)
Which crypto will rise in 2024?
It is uncertain which specific cryptocurrency will rise in 2024 due to the volatile nature of the market. Monitoring market trends and technological developments can provide insight.
What are the most promising Altcoins in 2024?
Promising altcoins in 2024 may include Ethereum (ETH), Cardano (ADA), Solana (SOL), Polkadot (DOT), and Avalanche (AVAX). It is very important to research their technology, adoption rate, and market trends.
Which crypto will boom in 2025?
Predicting which cryptocurrency will boom in 2025 is speculative. Factors such as regulatory developments, technological advances, and market sentiment will affect the results.
Which crypto will give the highest return?
The cryptocurrency market is highly unpredictable, and returns can vary widely. Coins with high-profit potential often involve new projects with advanced technology, but they also carry high risks. Do thorough research and consider diversification when investing.
Conclusion
Investing in cryptocurrency can be extremely profitable, as there are many ways to make money from it.
Although dividends are not the most common form of passive income, many crypto projects offer them, as do publicly traded companies. Some notable examples include KuCoin, NEO, Bibox, AscendEX, Komodo, and VeChain, which distribute profits to their stakeholders.
Not all profits are distributed equally. In general, the amount you can earn depends on the number of shares you own and how long you’ve held them.
Finally, always be aware of any developments regarding a cryptocurrency project before making an investment decision. This becomes critical, especially when regulatory oversight increases.
