My dream of financial independence centers on passive income, with money coming in day and night. Crypto plays an important role in my strategy to someday replace my work-based income with crypto dividends. This month's passive income and crypto dividends continue to grow as I reinvest and find new dapps and staking opportunities. This is the fourth installment of the Crypto Passive Income Report, where I track monthly income from staking, dapps, dividends, faucets, and apps.
December means I am one month closer to my dream of financial independence. I am a crypto sardine (the opposite of a whale), so my crypto holdings are small, but growing! This month had some exciting developments with new staking coins and dividends including ZIL, ADA, and BNB!
Below are the results for the month of December 2020 with a brief description and discussion:
Apps, Dapps, and Dividends
Fold - For December, Fold was king! FOLD gives BTC back when buying gift cards but also rewards users (even if you don't buy anything) with a daily spin to win free sats. In the last week of November, their Bitcoin debit card was released, allowing for sats back on ALL purchases! For 2021 they are onboarding more users and planning to expand to more countries. This time next year I will also earn interest on all sats back in the app, so I'm excited for this month's huge number! Each week or two the rewards structure changes and this month's rewards were very generous, but I'll take it while I can!
From Fold = 8% sats back (average for month of December)
Brave is awesome regardless of the BAT rewards. I appreciate the privacy focused ad blocking that it provides but earning BAT is also great. This month saw a nice increase to 11 BAT from 4.75 BAT last month. I still believe my browsing time is the number one effect on BAT rewards leading to more rewards this month.
From Brave = 11 BAT
GlobalHive instantly pays out ZCash, which to me is way better than waiting to hit some threshold that I might never reach.
From GlobalHive = ~ 0.002 ZEC
Cream- Cream.Finance is a dapp running on Ethereum with lending, borrowing, staking, and swapping. I converted some ETH to ETH 2.0 where I am earning staking rewards, got a discount to start off with, lending rewards, and a CREAM token incentive.
From lending on Cream = 0.1 CREAM and a growing amount of ETH2
Mirror - Easy MIR airdrop for holding UNI tokens = 220 MIR
A number of dapps on the Tron network pay dividends from their earnings. When looking for dividend investments I prefer projects that pay automatically vs those that you have to claim manually, but I will make exceptions as I work to build diverse sources of income :)
Wink - WIN, DICE, and LIVE are all tokens for wink.org. All three pay out automatically, which I appreciate! WIN is a total ecosystem token while DICE and LIVE pay from different games within the Wink ecosystem. This last month also saw the addition of BNB dividends from their new site Blink, operating on BINANCE Smart Chain!
From Blink = ~ 0.008 BNB
From WIN = ~ 42.7 TRX
From DICE = ~ 255 TRX
From LIVE = ~ 130.3 TRX
TronGameCenter - TGCT is a series of games that pay high scores with TRX and tokens (BTT and 888). They have a native token, TGCT, that can be frozen for daily dividends paid from ad revenue from the games.
From TGCT = ~ 6.8 TRX and 81 BTT
BetFury - You might know Betfury as the site that gives out free Bitcoin, but they also can provide a nice income from staking their BFG tokens, which pay out BTC, TRX, BTT, and USDT. My former and current plan is to invest much of my dividends into more mining, to continue to grow my passive income. This month's Holiday wheel also helped juice the results! I am now getting 311 sats, 0.75 TRX, 4.4 BTT, and 0.004 USDT daily! I have even accumulated enough BTC to purchase one of their boxes and start earning interest on my sats on the platform. Not bad!
From Betfury = ~ 286 BTT
DLive - BTT that is accumulated from other sources (Betfury, my SR's airdrops, etc) are staked here and I reinvest whenever I can. The site usually estimates a yield between 20 and 30%.
From DLive = ~771 BTT
Staking
Tron - Staking rewards from freezing and voting for a Tron Super Representative = ~275 TRX
I vote for two community Super Representatives which gives me bandwidth and energy to interact with dapps as well as TRX staking rewards that I can reinvest for more staking or dividends from other projects. One of my SRs, Sesameseed, automatically stakes on ONE, ICX, and ONT, so my income is technically growing on these chains as well.
Tezos - Staking rewards for baking my Tezos = ~ 0.13 XTZ
Tezos was my first staking coin. It pays ever 3 days and requires no work whatsoever, which is the true definition of passive income.
Cosmos - Staking rewards for delegating my ATOM = ~ 0.05 ATOM
Staking cosmos requires collecting and redelegating my claimed ATOM. This process entails a network fee, so I limit myself to one withdrawal a month.
Zilliqa - ~6.7 ZIL
This is a new position this month. It started as a test position, but I added another chunk to increase the staking rewards even more. Current yield estimate is 17%!
Cardano - ~0.25 ADA
Another new position. ADA took a while to get started because of their use of epochs, but I hope to see consistent income going forward. This is another test position, so I may add to it in months to come.
Final Thoughts
I am happy to see income growth from diverse sources.
Some highlights:
- 46% increase in Tezos staking rewards
- New staking and dividends from Binance, Zilliqa, and Cardano
- Fold app churning out Bitcoin
What's next:
December was a great month for my crypto income. My two goals going forward are to reinvest my earnings and to be patient! Compounding takes time!
Thank you so much for reading and thank you to this amazing community! Please comment with any thoughts, suggestions, or passive income milestones of your own.
