Top 3 Dividend Paying Coins In 2020
The crypto market was really successful in 2019, and 2020 is expected to be a greater year. So far, Bitcoin managed to surpass the psychological level of $10k, and this is a significant achievement.
The most important coin in the crypto market is currently suffering a correction, but despite the huge volatility of the crypto market, the optimistic predictions continue.
Also, 2020 is expected to be great in terms of developments as well.
What are crypto dividends?
The traditional definition of a dividend is the following according to Investopedia:
“A dividend is a distribution of a portion of a company’s earnings, decided by the board of directors, paid to a class of its shareholders. Dividends can be issued as cash payments, as shares of stock, or other property.”
In other words, on a yearly basis, companies are distributing a part of their profits to the shareholders.
It’s also important to note the fact that the amount of the dividend is distributed to investors. Also, some firms pay these dividends daily and others, annually.
Best Dividend Paying Coins in 2020
KuCoinShares (KCS) is the native token of the Bitcoin Exchange platform KuCoin.
The benefits of buying and holding KCS include the fact that you get every day more KCS for holding KCS in the KuCoin wallet.
The NEO coin is also known as the Chinese Ethereum. The reason for this is its similarity to Ethereum. For every NEO that one holds, they get paid dividends in the form of Gas.
It’s also important that the more people use the NEO platform, the higher the GAS payout for each NEO holder will become.
You can buy NEO on KuCoin and hold it in their wallet as well. The GAS reward will be received on a daily basis.
OmiseGo startup’s main aim is to simplify payment system management and control between payment processors, financial institutions, and gateways.
There are a lot of people who are unbanked today, and the firm wants to allocate an OmiseGo account to them. Then, via transactions made on the OmiseGo network, investors who have a minimum amount of OMG tokens will receive a percentage of the profit.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.