What are the seven cryptocurrencies that pay dividends? insider Monkey has investigated them for you! At the moment, there are over 1,500 cryptocurrencies, most of which are tokens that can be used within a blockchain-based ecosystem. These tokens are different from traditional cryptocurrencies, such as Bitcoin and Litecoin, because their value is not determined by the scarcity or utility, but rather represent an asset or utility within an ecosystem and their value is determined to the usability of the ecosystem. Because there are so many tokens that were offered for sale to investors and are currently trading on cryptocurrency exchanges, startups are seeking other ways to attract investors aside from the potential profitability of their projects and the subsequent appreciation of their tokens’ value. One of these ways is a promise to reap benefits while holding tokens, which is similar to the way companies pay dividends.
Now without a further ado let’s see what Insider Monkey has investigated for us. We have picked three of the seven cryptocurrencies that pay dividend from their list.
The first one is Ark. Ark platform is a collaborative system that allows bridging between blockchains and it has its own token, ARK. In the Ark ecosystem, which uses delegated Proof-of-Stake, coin holders get to vote for one of 51 active delegates that are forging the blocks and get rewarded with ARK coins, some of which they in turn distribute to their voters. The payout can be up to 10% of the staked coins and is made every couple of days. The second one should be Waves. Waves is an open-source blockchain platform that allows users to launch their own cryptocurrency tokens, similar to Ethereum. Users can create, transfer and exchange tokens on a peer-to-peer basis and pay transaction fees in the WAVES token. Waves uses a proof-of-stake system under which holders of tokens receive a part of the transaction fees to validate a new block. A user must have at least 1000 WAVES to qualify for the POS rewards.
For any further useful information, read Insider Monkey’s article about seven cryptocurrencies that pay dividend.