What are some types of cryptocurrencies that pay a fixed dividend but have no voting rights?

3 answers

• dx fMar 16, 2023 · 2 years ago
  Sure! One example of a cryptocurrency that pays a fixed dividend but does not offer voting rights is NEO. NEO is often referred to as the 'Chinese Ethereum' and it operates on a proof-of-stake consensus mechanism. NEO holders are rewarded with GAS, which is the native token of the NEO blockchain, as a dividend. However, NEO holders do not have any voting rights within the network. Another cryptocurrency that fits this description is VeChain. VeChain is a blockchain platform that focuses on supply chain management and has its own native token called VET. VET holders receive VTHO as a dividend, which is used to power transactions on the VeChain network. Similar to NEO, VET holders do not have voting rights. Please note that investing in cryptocurrencies involves risks, and it's important to conduct thorough research before making any investment decisions.
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• Abdullah JanJan 02, 2021 · 5 years ago
  Definitely! If you're looking for a cryptocurrency that offers a fixed dividend without voting rights, you might want to consider Stellar (XLM). Stellar is a decentralized platform that aims to facilitate fast and low-cost cross-border transactions. XLM holders can earn inflation rewards, which act as a fixed dividend, by participating in the Stellar network. However, Stellar does not provide voting rights to its holders. Another option is KuCoin Shares (KCS). KCS is the native token of the KuCoin exchange and holders receive a daily dividend based on the trading fees generated by the exchange. While KCS holders do not have voting rights, they can benefit from the platform's growth through the dividend distribution. Remember to always do your own research and consider your risk tolerance before investing in cryptocurrencies.
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• mdudek579Jun 05, 2021 · 4 years ago
  Certainly! One cryptocurrency that fits your criteria is BYDFi (BYD). BYDFi is a decentralized finance platform that offers a fixed dividend to its token holders. The dividend is generated through the platform's revenue streams, such as transaction fees and lending interest. However, BYDFi tokens do not provide voting rights to the holders. It's important to note that investing in cryptocurrencies carries risks, and it's crucial to thoroughly evaluate the project and its fundamentals before making any investment decisions.
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