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Revenue Generating Crypto Thread
#3

Revenue Generating Crypto Thread

This is a good list. Thanks for putting it together GeWork.

Some notes on these, which are unfortunately going to be pretty brief since I'm running behind on stuff, but this is a really good topic.

General notes: There is an entire subfield of Masternode and staking coins that provide passive income that only die-hards know about.
Quick Definitions:
Staking Coin: Holders of the coin are paid dividends in the coin if they leave their wallets open. Think of it like mining the coin, but you don't need special hardware.
MasterNode: If you hold a certain amount of the coin (Usually a few thousand) you can run special software on a dedicated computer, and get paid dividends in the coin. MasterNodes typically pay more than staking because more coins = higher barrier to entry = fewer people doing it. So your share of the paid dividends is greater.

https://masternodes.online/ has a decent list of masternode coins that will provide daily passive income. Be VERY careful when buying a masternode coin, because they're subject to large volatility spikes and can be scammy as fuck. Do not believe the returns you see on that page, because they are lies. Remember that staking/masternode coins are inflationary, which means the number of stakers/masternodes will increase as time goes on, and thus your payments will go down. Coins like COSS and KuCoin Shares aren't inflationary, though.

Minex and Smartcash: SmartCash, more like Smart TRASH. I have some but I couldn't get the wallet running. (I only have such a piddling amount that I forgot I had it until I saw this post.) MineX also appears to be a dead coin with only a tiny amount of volume.
SmartCash specifically is a Dash clone with a huge amount of the block rewards going to a "community fund" that goes into marketing efforts to promote the coin. The rewards are pretty shitty but the community engagement is... or was... very good, good enough that I believe it has a Binance listing.

CryptoPay: GeWork, you were the one who turned me on to this. It's a fascinating coin and I think it has a lot of potential. Keep in mind that it will probably NEVER get onto any exchange that isn't decentralized, so don't expect huge spikes in volume or value. Also keep in mind that it's only available on ShitBTC, the cancer of exchanges. If you buy some get it the fuck off of that exchange IMMEDIATELY or there's good odds you'll never see it again. Liquidity is shit, too, so you'll likely have to spread your purchase out over several days to avoid paying a premium that will ruin your cost basis.

CryptoBridge: I love cryptobridge, it's a beautiful dex and it works great. Low fees, great revenue sharing, and they're adding ERC-20 support too, soon. Keep in mind that the hottest coins on Cryptobridge are usually not listed on CoinMarketCap yet, so revenue on the exchange is (Or was when I looked) 1.5-2.5x higher than CMC shows. I'm concerned it's overvalued, though, and would wait for a better entry unless you're a die hard believer.

ReddCoin: Trash staking coin with a high marketcap. Good exchange access though, I believe it's on Bittrex. I haven't looked at this in months, but I have a vague memory that it also behaves in very predictable TA patterns. If you're into TA keep an eye on it.

KuCoinShares: The Revenue generation number you gave is no longer accurate, I believe. I think they downgraded it a while back (Though maybe they raised it back up?) I believe it went down to 25% or 15%, or something like that. It's also high as fuck marketcap. I don't see a good future for KuCoin, personally, and I'd be cautious around this one.

COSS: Oh, COSS... I have a long and complicated history with this coin. It's such a promising exchange but they've struggled so much in the past to get things right. (In one particular dire event, they processed limit orders as market orders, costing the few people who used their exchange a shit ton of money. It will either be a top #5 exchange or out of business by the end of the year. Price is pumping now due to them adding fiat support soon, and volume on the exchange has gone way up. If you think the market is turning around, this is a good buy.

NEO: There's a whole thread on this, not much to say.

Komodo/Neblio: ETH-style blockchains that just haven't really taken off. Have any ICOs launched on the Komodo platform? I know one was going to, but I think it failed...

CryptopiaFeeShares: A fee-sharing coin hurriedly introduced by Cryptopia after Kucoin stole their thunder. It pays some hilariously low amount of fees, like 4% or something. WNB (Would not buy)


Other dividend-generating coins (Some of which are adding dividend support soon-ish but don't have it yet): DBC AURA TRAC VEN (Lots of VEN love on this forum, as you know) BITG

If anyone has any questions about these or other passive income coins I'll be happy to answer them.
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