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The 6 best cryptocurrencies that pay out dividends

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Every smart investor is looking for ways that they could generate a stable income by not actually doing much. By having their funds sit in an account or wallet and then see that value increase from day to day.

It is sometimes called passive income, and it can be a tremendous asset and way to increase your overall portfolio value and build out your investment for let’s say retirement or pay off your house mortgage.

Everyone wants to make money in their sleep. And here I will look into the fact what are some of the hottest crypto dividends options in 2020!

I myself am making an extra income everyday from various cryptocurrency dividend options. So I wanted to share my tips with you all!

List of 6 top cryptos that pays out dividends

1 ) Tezos (XTZ)

Tezos (XTZ) the everlasting blockchain website screenshot

One of my favourite picks and crypto that I delegate and earn income from myself is Tezos and the XTZ token.

Tezos is a smart new platform blockchain that aims to be self-evolving, fast and highly scalable.

This open-source platform like many others emerge during the ICO craze, and is one of the stronger ones that have shown to go from promise to real-world usage.

Companies and organisations over the world are currently building out new decentralised products and services on the Tezos blockchain.

And with this increased interest the potential of XTZ is increasing. You can earn dividend income by staking your tokens. Either yourself, by ‘baking’ them, or by delegating them to another node and earn income shared from that node holder.

You can stake/delegate your XTZ from Coinbase, your Ledger device, or many other popular cryptocurrency wallets.

ROI: 5-6%

Useful links:

Where to buy Tezos: Binance or Coinbase

2 ) Cosmos (ATOM)

Cosmos Internet of blockchains website screenshot

This internet of blockchain cryptocurrency is another popular staking option coin. Cosmos like Tezos focuses much on interopterability, flexibility and scalability.

And with lots of technological developments and features in place Cosmos is showing to have some genuine potential. Hence the strong interest in its cryptocurrency ATOM.

ATOM like Tezos is a form of delegated PoS crypto. You can delegate your ATOMs and start earning extra income like a form of a dividend.

ROI: 8-9%

Useful links:

Where to buy ATOM: Binance and OKEx

3 ) ICON (ICX)

ICON (ICX) connecting blockchains via smart contracts website screenshot

ICON is another ambitious blockchain platform that aims to bring blockchains together so they can speak and work together. Hyperconnect the world through interoperability and bridging these blockchains.

ICON have big plans of providing this network globally and in any sector, finance, healthcare, insurance, commercial, etc.

You can easily start earning dividends from ICON by staking your ICX in the official ICON wallet. It is easy to start and will help you make some extra income by simply holding your ICXs in the wallet.

ROI: 7-8%

Useful links:

Where to buy ICON: Binance and Kraken

4 ) Algorand (ALGO)

Algorand website screenshot

The first ‘pure Proof of Stake blockchain‘, that’s what Algorand calls themselves. And it is another interesting option that I think deserves your attention.

Similar to Tezos, Algorand aims to be free of hard forks and provide blockchain solutions to companies and organisations the world over with high scalability, smart contracts and true decentralisation.

The potential use cases of Algorand spread across sectors and forms. From DEXs to securities and tokens, to new dApps.

You can stake your ALGO tokens from an Algorand wallet or directly from popular exchanges like Binance.

ROI: 5-6%

Useful links:

Where to buy ALGO: Binance and Huobi

5 ) Blocknet (BLOCK)

Blocknet (BLOCK) website screenshot

Blocknet is a PoS blockchain with its native token BLOCK at the heart of its functions.

The Blocknet protocol aims to be fast and highly scalable. And like Cosmos it aims to bring blockchains together in a more collaborative environment.

With its platform, DEX and high-functioning node system Blocknet is getting lots of attention.

And it can prove to be a lucrative investment for holders that wants to earn extra income by staking their BLOCK.

ROI: 3-5%

Useful links:

Where to buy BLOCK: Bittrex

6 ) Aion (AION)

Aion (AION) blockchain website screenshot

AION or the Open Application Network is another form of platform blockchain. And another potential crypto that you could invest in to start earning dividends from.

With the Open Apps technology Aion aims to make it possible to connect existing apps with new developed apps on the Open App protocol.

Similar to the other blockchains on this list, working together is the keyword. For services or products built-in or outside the blockchain space.

ROI: 3-6%

Useful links:

Where to buy AION: Binance and KuCoin

Bonus crypto dividends mentions

Binance lending/savings account options

Some other interesting ways of earning extra income from cryptocurrencies is via crypto lending and savings.

What are crypto dividends?

What is a dividend?

A dividend is the distribution of a portion of the company’s earnings, decided and managed by the company’s board of directors, and paid to a class of its shareholders. Dividends may be paid out as cash or in the form of additional stock.

The Investopedia’s definition of dividends

So in the world of stocks that means you own shares. And often yearly the company pays out a part of their earnings to every stockholder.

So how does that translate to the world of cryptocurrencies? Because there is no direct translation of stocks to cryptocurrency dividends.

As the tokens and coins of the cryptocurrency world don’t exactly work like stocks. But there are similarities between the stock world and the crypto world:

  1. It is possible to earn an extra income from cryptocurrencies from Proof of Stake and Proof of Work cryptos much like dividends for stocks
  2. You can also engage in crypto lending and savings with some cryptocurrencies right now
  3. There’s a possibility for token holders to engage with the project and vote for future changes similar to a stockholder’s rights
Best crypto dividends coins to invest in

How can you earn dividends from cryptos?

So to earn extra funds from cryptocurrencies you can either:

  • Start mining cryptos, like Bitcoin and other Proof of Work coins
  • Staking cryptos, hold your coins or tokens in a wallet and earn extra income from high-paying Proof of Stake cryptos

So with that in mind, I wanted to share with you my list of top picks for crypto dividends tokens and coins to buy and earn extra income from!

  • NOTE: These coins and tokens are mix of different cryptocurrencies that can generate an extra income much like dividends for stocks

Conclusion – best crypto dividends options

So here we have it, a bunch of interesting cryptocurrencies that you could invest in and start earning dividends from. I myself use several of these methods. So I can reassure you they are trialed and tested.

And not only be me, but by other crypto holders around the world. Who take advantage of these income generating opportunities to increase their overall portfolio.

What is your favourite crypto dividend option? Are you using any on this list? Or do you own another crypto that pays out a form of dividend?

Share this article with others so more can earn income from crypto!

Find other guides

  1. Best way to invest in crypto
  2. Bitcoin investing guide
  3. Buy Bitcoin with a credit/debit card
  4. Award-winning trading platform PrimeXBT
  5. Popular exchange Kraken’s top alternatives

Source: https://gocryptowise.com/blog/cryptocurrency-dividends/

Blockchain

Kraken Daily Market Report for February 24 2021

Republished by Plato

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Overview


  • Total spot trading volume at $2.43 billion, up 18% from the 30-day average of $2.06 billion.
  • Total futures notional at $742.6 million.
  • The top five traded coins were, respectively, Bitcoin, Ethereum, Tether, Cardano, and Polkadot.
  • Strong returns from Augur (+22%), Icon (+20%), Lisk (18%), and Compound (18%).

February 24, 2021 
 $2.43B traded across all markets today
 Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD 
XBT 
$50855. 
↑4.0% 
$927.5M
ETH 
$1694.5 
↑7.3% 
$442.0M
USDT 
$1.0009 
↑0.06% 
$308.7M
ADA 
$1.0666 
↑11% 
$140.5M
DOT 
$36.359 
↑5.2% 
$112.8M
USDC 
$1.0002 
↑0.01% 
$58.0M
XDG 
$0.0552 
↑16% 
$46.8M
XRP 
$0.4888 
↑2.7% 
$45.1M
LTC 
$187.16 
↑5.4% 
$44.2M
LINK 
$28.266 
↑8.8% 
$43.1M
BCH 
$546.64 
↑5.9% 
$19.9M
ATOM 
$20.971 
↑4.1% 
$17.4M
XLM 
$0.4278 
↑11% 
$17.0M
FLOW 
$22.203 
↑3.6% 
$14.8M
UNI 
$26.741 
↑7.6% 
$13.7M
GRT 
$1.9695 
↑16% 
$13.2M
AAVE 
$398.38 
↑9.2% 
$9.83M
ALGO 
$1.1312 
↑12% 
$9.67M
KSM 
$259.95 
↑8.0% 
$9.22M
XMR 
$218.18 
↓1.3% 
$9.14M
DASH 
$253.84 
↑9.8% 
$8.88M
EOS 
$4.0463 
↑5.0% 
$8.57M
XTZ 
$3.8502 
↑8.5% 
$8.23M
TRX 
$0.0492 
↑9.5% 
$4.84M
DAI 
$1.0012 
↓0.01% 
$4.78M
ICX 
$1.7515 
↑20% 
$4.63M
QTUM 
$5.5107 
↑7.1% 
$4.55M
SNX 
$20.534 
↑13% 
$4.44M
OMG 
$5.0897 
↑8.7% 
$4.29M
BAT 
$0.5229 
↑9.5% 
$4.29M
SC 
$0.0113 
↑3.3% 
$3.78M
WAVES 
$10.304 
↑10% 
$3.76M
NANO 
$6.0203 
↑16% 
$3.59M
YFI 
$36385. 
↑8.8% 
$3.55M
ZEC 
$131.65 
↑3.6% 
$3.33M
FIL 
$37.762 
↑6.3% 
$3.21M
COMP 
$452.55 
↑18% 
$2.38M
OXT 
$0.5371 
↑8.4% 
$2.12M
ETC 
$12.339 
↑8.4% 
$2.07M
LSK 
$3.1380 
↑18% 
$1.93M
KAVA 
$3.7965 
↑17% 
$1.57M
MANA 
$0.2622 
↑13% 
$1.53M
REP 
$35.637 
↑22% 
$1.49M
CRV 
$2.2995 
↑7.7% 
$1.45M
KNC 
$1.7123 
↑6.8% 
$982K
MLN 
$41.951 
↑12% 
$834K
PAXG 
$1804.9 
↓0.2% 
$778K
KEEP 
$0.3739 
↑10% 
$710K
STORJ 
$0.6370 
↑12% 
$670K
ANT 
$4.7319 
↑10.0% 
$576K
BAL 
$40.659 
↑16% 
$568K
GNO 
$141.23 
↑11% 
$508K
REPV2 
$26.630 
↑8.9% 
$274K
TBTC 
$54060. 
↑9.8% 
$244K


#####################. Trading Volume by Asset. ##########################################

Trading Volume by Asset


The figures below break down the trading volume of the largest, mid-size, and smallest assets. Cryptos are in purple, fiats are in blue. For each asset, the chart contains the daily trading volume in USD, and the percentage of the total trading volume. The percentages for fiats and cryptos are treated separately, so that they both add up to 100%.

Figure 1: Largest trading assets: trading volume (measured in USD) and its percentage of the total trading volume (February 24 2021)

Figure 2: Mid-size trading assets: (measured in USD) (February 24 2021)

Figure 3: Smallest trading assets: (measured in USD) (February 24 2021)


#####################. Spread %. ##########################################

Spread %


Spread percentage is the width of the bid/ask spread divided by the bid/ask midpoint. The values are generated by taking the median spread percentage over each minute, then the average of the medians over the day.

Figure 4: Average spread % by pair (February 24 2021)



.


#########. Returns and Volume ############################################

Returns and Volume


Figure 5: Returns of the four highest volume pairs (February 24 2021)


Figure 6: Volume of the major currencies and an average line that fits the data to a sinusoidal curve to show the daily volume highs and lows (February 24 2021)



###########. Daily Returns. #################################################

Daily Returns %


Figure 7: Returns over USD and XBT. Relative volume and return size is indicated by the size of the font. (February 24 2021)



###########. Disclaimer #################################################

The values generated in this report are from public market data distributed from Kraken WebSockets api. The total volumes and returns are calculated over the reporting day using UTC time.

Source: https://blog.kraken.com/post/8041/kraken-daily-market-report-for-february-24-2021/

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Blockchain

India’s largest crypto exchange adopts decentralized Unstoppable Domains

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India’s largest cryptocurrency exchange, Unocoin, has adopted the blockchain-based Unstoppable Domains, which simplifies crypto transactions by turning blockchain addresses into human-readable web URLs.

Announced on Wednesday, the partnership between Unocoin and Unstoppable Domains — both funded by Silicon Valley investor Tim Draper — is expected to reduce remittance costs and simplify the transaction process for the exchange’s 1.2 million users.

Unstoppable Domains turns crypto addresses into decentralized websites on the Ethereum and Zilliqa blockchains. Instead of sending coins to a 42-character blockchain address, Unstoppable Domains allows users to create simple URLs ending in “.crypto” and “.zil” extensions. Domain names need only be purchased once, and then exist forever on the blockchain without requiring any renewal or maintenance fees.

The decentralized aspect of Unstoppable Domains should be of particular interest to Indian crypto users, especially amid the furor created by the Finance Ministry’s decision to ban the use of Bitcoin (BTC) and other cryptocurrencies.

Pushback against the country’s plan to outlaw cryptocurrency has emerged on social media in the form of the #IndiaWantsBitcoin campaign. Despite regulatory uncertainty, the co-founder and CEO of Unocoin, Sathvik Vishwanath, sees the adoption of Unstoppable Domains as being in line with the maturation of the crypto industry in India. Vishwanath said:

“The cryptocurrency space is maturing. In line with the growth of the industry, Unocoin aims to offer its users the best possible experience. Integrating the .crypto domain is a significant step not only for Unocoin users, but also for additional exchanges in the country exploring simpler and more user-friendly options for their users.”

Unstoppable Domains co-founder Brad Kam referenced the reluctance of the Indian government to allow the spread of cryptocurrency within its borders:

“India’s population has been historically scorned from cryptocurrency. Unstoppable Domains is excited to deliver the seamless sending and receiving of cryptocurrency to Unocoin’s users. Our aim is to simplify cryptocurrency addresses, and establish human readable names as the domain standard across wallets and exchanges.”

On Wednesday, Reserve Bank of India Governor Shaktikanta Das reiterated the central bank’s intention to create its own centrally issued currency, the digital rupee. This follows a common trend that has emerged in recent years as national governments attempt to reign-in the spread of decentralized cryptocurrencies and replace them with digital versions of existing fiat currencies.

As reported by Cointelegraph, Unstoppable Domains was recently integrated into Cloudflare’s Distributed Web Resolver, meaning any web browser can now access the .crypto URL extensions.

A spokesperson for Unstoppable Domains confirmed to Cointelegraph that even if Unocoin were to be shut down in the near future, the addresses and URLs created through the platform would remain unaffected.

Source: https://cointelegraph.com/news/india-s-largest-crypto-exchange-adopts-decentralized-unstoppable-domains

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Blockchain

DEX volumes have already surpassed $120b in 2021

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Ethereum-powered decentralized exchanges, or DEXes, continue to surge despite high transaction fees — with DEXes processing more than $120 billion in 2021 so far.

According to Ethereum market analytics platform Dune Analytics, combined DEX volumes posted a new record of $63 billion in January. February’s volume currently sits at $59 billion and is on track to hit $67 billion at the month’s end.

DEXes have already processed more volume in the first two months of 2021 than during all previous years combined.

Monthly DEX volume: DuneAnalytics

The Ethereum-powered DEX sector is still dominated by Uniswap and Sushiswap, who account for 65% of February’s trade combined. Uniswap currently represents more than double Sushi’s volume, controlling almost 50% of DEX market share.

However, looking at the weekly number of active traders on each platform shows that Uniswap represents more than three-quarters of Ethereum DEX users. Over the last seven days, nearly 142,000 unique wallets traded on Uniswap, followed by decentralized exchange aggregator 1inch with roughly 18,450 traders, and SushiSwap with 8,911.

However, not all DEX trading activity is occurring on Etheruem, with Binance Chain’s Pancake Swap surging to report a daily trading volume behind of more than $1.1 billion.

Despite some users migrating away from Ethereum-based DEXes, confidence in the sector as a whole is at an all-time high, with the total value locked in these exchanges sitting above $40 billion for the first time during recent weeks.

Source: https://cointelegraph.com/news/dex-volumes-have-already-surpassed-120b-in-2021

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