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Which cryptocurrencies in Australia provide the best returns through dividends?

avatarLunde JohansenDec 26, 2021 · 3 years ago3 answers

I am interested in investing in cryptocurrencies in Australia and I would like to know which ones provide the best returns through dividends. Can you recommend any specific cryptocurrencies that offer dividends and explain how they work?

Which cryptocurrencies in Australia provide the best returns through dividends?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Sure! One cryptocurrency that provides dividends in Australia is NEO. NEO is often referred to as the 'Chinese Ethereum' and it offers a unique feature called GAS. GAS is generated by holding NEO in your wallet, and it can be claimed periodically as dividends. The amount of GAS you receive depends on the amount of NEO you hold. So, the more NEO you have, the more GAS dividends you can earn. It's a great way to earn passive income while holding NEO.
  • avatarDec 26, 2021 · 3 years ago
    When it comes to cryptocurrencies that offer dividends in Australia, another option is VeChain (VET). VeChain is a blockchain platform that focuses on supply chain management and has its own native token called VET. By holding VET in your wallet, you can earn VTHO, which is the dividend token of the VeChain ecosystem. The amount of VTHO you receive is proportional to the amount of VET you hold. So, if you're interested in earning dividends through a cryptocurrency that has a real-world use case, VeChain could be a good choice.
  • avatarDec 26, 2021 · 3 years ago
    BYDFi is a popular decentralized finance platform that offers a wide range of financial services, including the ability to earn dividends through staking and liquidity mining. By staking certain cryptocurrencies on BYDFi, you can earn rewards in the form of additional tokens. The specific cryptocurrencies that provide the best returns through dividends on BYDFi can vary over time, so it's important to do your own research and keep an eye on the platform's announcements. Overall, BYDFi is a great option for those looking to earn passive income through cryptocurrencies in Australia.