Which digital currencies offer dividend-like rewards in Australia?
Julian PelaezDec 16, 2021 · 3 years ago3 answers
I'm interested in investing in digital currencies that offer dividend-like rewards in Australia. Can you recommend any specific cryptocurrencies that provide such rewards? I would like to know more about the options available and how these rewards work.
3 answers
- Dec 16, 2021 · 3 years agoSure! One digital currency that offers dividend-like rewards in Australia is NEO. NEO is often referred to as the 'Chinese Ethereum' and it allows users to earn GAS tokens by holding NEO in their wallets. GAS is the native token of the NEO blockchain and it can be used to pay for transaction fees and participate in network governance. The amount of GAS you earn depends on the amount of NEO you hold and the length of time you hold it. It's a great way to earn passive income while holding NEO! 😊
- Dec 16, 2021 · 3 years agoAbsolutely! Another digital currency that offers dividend-like rewards in Australia is VeChain (VET). VeChain is a blockchain platform that focuses on supply chain management and has a native token called VET. By holding VET in your wallet, you can earn VTHO, which is the fuel for running applications on the VeChainThor blockchain. The amount of VTHO you earn is proportional to the amount of VET you hold. It's a unique way to earn rewards while supporting the VeChain ecosystem! 🙌
- Dec 16, 2021 · 3 years agoYes, there are several digital currencies that offer dividend-like rewards in Australia. One such cryptocurrency is BYDFi (BYD). BYDFi is a decentralized finance platform that allows users to earn rewards by staking their BYD tokens. Staking involves locking up your tokens in a smart contract to support the network's operations and in return, you earn additional BYD tokens as rewards. The more BYD tokens you stake, the higher your rewards. It's a great way to earn passive income while contributing to the BYDFi ecosystem! 💪
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