Passive income progress

The year of building passive income, how is the progress so far?

Time for another update on my passive income generators. In the last one and a half month two of the passive income generating coins have reached the target level set out at the beginning of the year and another token is added to the family of income generating coins.

Through continuous compounding where possible (mainly on the TRON Blockchain tokens), the USD value received per day increases (Blue) and the TRX value received per day (Green) as well. As some rewards are weekly or monthly and most daily, I have chosen to use the 7 days average to measure the progress.

Passive income on TRON blockchain since Jan 2019

The other major source of passive income is COTI. Unfortunately the staking rewards received by running a Community Node cannot be compounded, but with the current (and expected future) value increase of the COTI token, it will be contributing to both wealth increase and passive income significantly!

It seems the target size of the token bags for the end of the year are realistic. As planned this year has been the year of putting in place a solid foundation for passive income generation.

#111Months – 18

Month number 18 of the #111Months challenge has finished, time for a new status review.

111Months – June 2020 update

The road to financial freedom is looking more promising than ever before. The last three months a full recovery has occurred from the weak start of this year. A big important step has also been initiated in June, which is the incorporation.

Incorporation

Per beginning of August, Carpathian Basin will become Carpathian Basin Kft (Ltd.). As a corporation through Hungarian tax law, the taxation on earnings will be much more beneficial than taxation as an individual (9% vs 33%). This helps building up the investment portfolio in a higher speed than doing it as a private individual.
On top of this expenses, like webhosting, wifi, office equipment etc can be deducted from the profit, further bringing down the tax pressure.

Portfolio build in June

In June, the focus was on building portfolio in Crypto and shares while continuing to pay back loans.
In Crypto the position in $CITYUPTAKE (TRX), $Pi (TRX), $BTT, $CHZ and $COTI was increased significantly.
Because of the staking returns for staking $BTT in Dlive, the BTT position was build up quickly and is daily increasing.
For $COTI running the node, with the resulting staking is bringing monthly natural growth, just as CITYUPTAKE and Pi.
For BTT and COTI a new target should be considered as the goal has already been achieved.

June 2020 Crypto portfolio vs target

Wealth build

The wealth building has seen a little sprint in June. 4.6% of the final wealth goal has been achieved. With an increasing amount of passive income generating assets, the wealth build will increase especially once all loans are eliminated. We are slowly leaving the linear growth as the goal is to get in a state of (semi) exponential growth.

June 2020 – Wealth build vs forecast

Wealth distribution

While the wealth is growing the distribution is changing. It is mainly the loans which proportion is decreasing while the crypto proportion is increasing. In the end the goal is to achieve a similar proportion for crypto as for shares and in a later phase also real estate.

June 2020 – Wealth distribution development

Passive Income

With the increase of passive income generating assets, the passive income increases. Adding BTT had a big impact as well. The successful month of February could not be replicated yet, but the trend is clearly positive. A level of 13,1% of the income required to retire is already achieved. The value of crypto assets has a huge impact of the level of passive income achieved.

June 2020 – Passive income trend

All in all the road to financial freedom looks very promising with still 93 months to go.

From T-shirts to Merchandise

How Carpathian Basin evolved from a T-Shirt printing company to an investment company with Merchandise

With the official incorporation of Carpathian Basin coming up it is also time to think about some nice Merchandise.

The first Carpathian-Basin merchandise.

It all started in 2018 with an idea to start a experience based t-shirt company called Carpathian Basin, as this is the location where I am located. I made some nice shirts inspired by travels, but found out soon enough that though I loved the name, the business model was not that great.

Dresden t-shirt
One of the first shirts created. Dresden 2018.

While I was figuring out that the business model was not the best, my crypto portfolio was increasing week by week and inspired by that the focus was moved to the #111Months challenge and the new profile of Carpathian Basin was found: Blockchain.Investment.Community.

The freshly created Merchandise features the current Blockchain pet-projects in my portfolio:

COTI:

Carpathian Community Node for COTI

We are proud to run a node on the COTI blockchain and with the recent developments with COTI Viper and Blockchain Dollars, we are very bullish on COTI as a whole:

This video explain the COTI Universal Payment System:

COTI’s Universal Payment System (UPS)
Blockchain dollars is coming
COTI Pay roadmap

CITYUPTAKE

CITYUPTAKE is consistency. Great rewards and already going strong for almost 2 years:

Size of the TD (in $TRX) and the weekly rewards in 2019
In 2020 TD is growing, while rewards are very consistent

I would dare to say that CITYUPTAKE is the reason why the value of my crypto portfolio is green while building it in a continuous bear market (although lately COTI also played a role in this)

Pi-token

But also the Pi-token from the Crypto Universe deserves a spot on that Carpathian-Basin Merchandise. A consistent reward giving token with some fun interactions with the holders through weekly games.

Guaranteed rewards of 16,37% annualized returns or 17,76% if compounding the rewards

#111Months – 17

A month has passed, time to review the progress in the #111Months project.

The goal of the #111Months project is to achieve early retirement at the age of 55. When I was 111 Month away from that, I started the #111Month project, created a targeted wealth and a targeted passive income enabling myself to retire from corporate life and move into managing and extending my passive income generating portfolio through Carpathian Basin Ltd.

111Month-17 dashboard

With a nice small crypto run just before the end of the month, the wealth build is back on track. Also the share values recovered nicely, so the dip which occurred 2 months ago has been eliminated.

Passive Income

Passive income May 29

Most of the tokens held for passive income have been performing well.
– BTT has recently started it’s staking project on the DLive platform which has been consistently delivering around 40% annualized returns.
– COTI has finished it’s first month with Carpathian Basin running the COTI Community Node, now rebranded to Carpathian Node, delivering more than 40% annualized returns.
– CITYUPTAKE is still consistently delivering more than 30% annualized returns.
– CITY Alpha is generating solid returns combined with its progressive reward generating program.
– Pi gives 18% annualized return with full flexibility.

Only WINk has not delivered stable returns the results fluctuate day by day. On a good day, I use the rewards to increase the WINk stake on a bad day, I am using the rewards to buy Pi and increase that stake.

In general I am ahead of the plan of building my portfolio of passive income generating tokens due to the good returns of the tokens held and due to the low price of Crypto still

Plans for June

The main focus for June is:

  1. Continue to drive for increasing the portfolio of passive income generating crypto tokens
  2. Increase regular share portfolio
  3. Give full support for CITYUPTAKE, Pi Token and COTI to be part of their succes
  4. Start incorporation of Carpathian Basin to reduce the Tax impact of Crypto earnings helping to build Carpathian Basin quicker.

Carpathian Node

COTI Community Node

During the month of May we were running the COTI Community Node, but after the Node Operators have been asked to set up their own fee’s, we have been re-branded to Carpathian Node.

List of COTI nodes.

Our node fee of 0,09% is average compared to the nodes, and the maximum fee of 90 COTI is lowest together with the Veru Node. With that giving the best value for Merchants with high transaction values, while the Merchants with lower transaction values are better off with Rufys or Bitcoin Browns.

Trading on Nolex

CITYUPTAKE is listed on Nolex

The listing of CITYUPTAKE on the Nolex exchange, embodies the return of CITYUPTAKE on an exchange. Previously on TWM exchange, CITYUPTAKE was one of the high volume coins on that exchange.

So how to trade?

First open Tronlink on your desktop (you can also follow the same steps in Tronwalletme using the browser there).

Selecting the wallet to trade from in Tronlink

Than go to the Nolex site:

www.Nolex.org

Press the sign up button in the upper right corner.

Nolex opening screen

Press sign up in the pop up again:

Referral pop up

A Tronlink confirmation request pops up to connect you wallet to Nolex:

Tronlink confirmation screen

After accepting the Tronlink pop up, your wallet is connected to Nolex

Connected wallet

Click dashboard to access and fill your trading account. It will bring you to a dashboard screen, with the option to go to your N-wallet (Nolex wallet) or to your referral tab.

Nolex Dashboard

If you go to your N-wallet, you can move funds there from your Tronlink wallet to trade.

Nolex N-wallet

Click deposit for the token you want to trade (in this case TRX) it shows your available amount and you can deposit.

Deposit screen in Nolex

After deposit you confirm Tronlink again and you get a confirmation:

Payment confirmation

You can see in your N-wallet that transaction is pending and based on experience, within a minute the funds are there.

Deposit history screen

After the funds landed, you can trade by clicking the Trade button and Main Exchange:

Trading menu

After that the trading portal opens and trading can begin. Later today (May 25th) CITYUPTAKE will be listed as well. Happy Trading!

Trading screen in Nolex

Staking COTI

Besides staking on COTI mainnet there is an option to buy staking rights on KuCoin as well

For Staking COTI there are several options, but the demand outweighs the supply.

Staking in COTI main net

Staking 2.0 May summary

For the staking 2.0 in COTI mainnet in May, the amount of applied COTI was 5 times higher than the available Staking positions. In my view there are two reasons for that;

  1. COTI has a solid use case with high potential, therefore there are a lot of people holding the token, while looking for future value increase, with no intent to sell quickly. If that is the case, it is better to let the token work for you and generate more revenue.
  2. The staking returns are best in class.
Overview of staking returns

Staking on KuCoin

Besides staking on COTI mainnet there is the option to stake on KuCoin as well. In total another 10 Million COTI can be staked here on top of the 40 Million on COTI main net. With a current circulating supply of close to 500 Million, this means 10% of that can be staked over the two solutions combined.

On KuCoin you cans stake 5 Million COTI with a 30 days term for 18% annualized return and 5 Million COTI with a 90 days term for 25% annualized return. However both staking options where filled up in minutes.

There is the interesting option though to trade Staking Rights on Kucoin. When you stake COTI (or any other token) on KuCoin besides COTI, you receive POL tokens as well.

COTI-90 Days trade contract in KuCoin.

On top of the 25% annualized return on COTI, you will earn an additional 24.45% annualized (changing in time) return on Pol. The staking results both in Pol and COTI are paid daily.

If you are staking COTI currently you can decide to sell your staking rights in exchange for POL through the trade option. If you didn’t have the chance to stake, you can actually buy staking rights through the trade option:

COTI Staking trade option in KuCoin

So it shows here that you can actually buy the rights to stake 2,203.4 COTI for the price of 66.76 POL. The 90 days staking contract still has 67 days to go (May 19). So based on that you can calculate if the investment of 66.76 POL for staking rights makes sense.

If you think it makes sense: Cost < Return on COTI and POL combined, you buy the right of staking and automatically 2,203.4 COTI in your KuCoin wallet will be locked and you will earn daily rewards for staking until the 90 days contract is finished.

Daily staking result on KuCoin

After making a small successful trial yesterday, I will be looking to increase the staking position on KuCoin gradually.

Passive Income

Regular update on the progress of the portfolio of Passive Income generating tokens held.

Time for a new update on the passive income goal for 2020.

Passive income update May 18, 2020

Due to the positive results of staking of BTT on DLive I have increased the target of the amount of BTT to hold by the end of the year. This is actually the third token out of the 6 passive income generators for which that decision has been taken. And as the value of crypto is still low, it is still cheap to further build the position in all of them.

Returns on staking BTT until May 18.

Although the target is kept the same, CITYUPTAKE is still going strong and besides buying more CITYUPTAKE the rewards received are used to increase the stack of BTT and Pi-token in the last couple of weeks.

Returns on CITYUPTAKE until May 7.

As CITYUPTAKE accounts for the biggest portion of my passive income generating tokens, it is bringing the biggest income impact as well. Although with the heavy push on other tokens, that portion has been decreased from 49.3% a couple of weeks ago to 48.5% currently:

Passive income generating coins portfolio split May 18

$COTI, $BTT and $Pi token have increased their share, while $CITYUPTAKE and $WINk didn’t increase quick enough to maintain their proportional share. All in all a good foundation has been set for future income generation to support the #111Months project.

CITYUPDATE

April has finished. Time for a recap.

A new month a new CITYUPDATE. Please see above the monthly newsletter of CITYUPTAKE.

April was a very successful month with regards to the growth of the amount of CITYUPTAKE tokens in circulation. Apparently consistent solid are becoming more popular nowadays. It is good to be part of a project that turns market volatility into rewards for its token holders..

#111Months

Month 16 the month of recovery

With the ending of the 16th months of the 111 Months challenge, it is time for a new recap. While the end of month 15 was a drop back due to the value drop of Crypto and the general impact of the COVID19 on the market, April shows the month of recovery.

#111 Months, update 16.

Staking

Having significantly increased my holdings of CITYUPTAKE, CITY Alpha & Pi Token, I have been building further on solid increase of passive income, this doesn’t show yet due to the low value of crypto still in the majority of April.

Besides that being appointed Community Node for COTI, allows a significantly higher amount to be staked and also the start of staking BTT in Dlive brings some great expectations for the future.

COTI staking results for April
BTT staking results to date

So with all the above, there is great trust that soon we will reach a passive income equal of 15% or more of the final goal.

Wealth

A great recovery of Crypto values and a decent recovery of share values has boosted the wealth. On top of that a considerable investment was done in COTI to fill up the granted staking slots, which resulted in some everyday cost cutting but resulted in a nice wealth boost.

Due to COVID actions, salary was temporay cut, but also loan repayments were stalled by the government. This kept the monthly spendable income on par, but the result was that loans are not being re-payed, slowing down the decreasing of the loans as part of the financial overview.

To further balance the wealth portfolio, I have also started stocking up precious metals like gold and silver, to have create an easy to liquidate portion of my wealth with a stable value.

Distribution of wealth over the 5 mayor categories.