I am a true believer of the power of visualization. Picture speak more than words. Some people can create great drawings, others can make pictures telling a story but I am the person who tells stories through graphs.
This is why part of my task for CITYUPTAKE is to update the weekly informative graphs as they tell a powerful story about the success of CITYUPTAKE.
Since the start of CITYUPTAKE on July 14, 2018, the total rewards paid out have reached a level of close to 20 million $TRX. With a total amount of holders of 105, this is a great average per holder.
The amount of weekly rewards have stabilized since the one year anniversary in July and are consistently just below 400k $TRX
It is also visible in this graph that the rewards growth at start was fueled by the quick Trade Desk growth by onboarding users. Since July the Trade Desk growth has slowed down, and the weekly rewards became very consistent with slow growth.
The above graph shows that dilution is not a concern for a CITYUPTAKE holder. As the share of the total amount of CITYUPTAKE is decreasing for holding 100k, the amount of rewards received weekly remains very stable.
In the last 12 Months, I have almost tripled the amount of FIAT money invested in my crypto-currency portfolio. With that some mayor goals are achieved:
Enough CITYUPTAKE tokens accumulated for receiving steady rewards;
Enough $COTI tokens accumulated as a team effort to run an advanced node when the Testnode is moved to mainnet;
A base of $ADA tokens build, staking on the Shelley Testnet;
Enough $WINk tokens accumulated to slowly increase the bag on $WINk tokens.
Overall the crypto-portfolio is in profit mainly due to the fact that the rewards (mainly CITYUPTAKE) is driving the dollar average per token owned down.
There is a clear target to increase the stack of (future) passive income tokens for this year.
The expectation now is that the further build can be done without the need of injection anymore FIAT money, allowing a steady increase of the portfolio value and a reduction of the average dollar cost of all tokens.
Finding out ADA staking can be split by opening multiple wallets
When Shelley Testnet went live I was eager to start staking my $ADA in the testnet, but had an immediate small disappointment when I found out that I could only stake on one stake-pool and I could not spread the $ADA I owned over several stake-pools. So the choice was;
Stake all my $ADA to CITYUPTAKE staking pool and with that feed the Trade Desk of my favorite passive income rewarding crypto project but receive no staking rewards my self>
Stake all my $ADA to another staking pool and earn $ADA for the staking but be disloyal to CITYUPTAKE.
So my decision was to vote 2 days for CITYUPTAKE and then 2 days for a Cardano community driven staking pool.
The backside of this approach was the re-occuring fee to change the staking delegation:
Until I found out there is the possibility to open multiple wallets on the testnet through the Yoroi wallet. So now 50% of my ADA is used for staking CITYUPTAKE and 50% is used for Staking Cardanians.
Describing part of the road of setting up a COTI node
As one of my future passive income streams, I have selected $COTI after reviewing the project and its white paper. In my opinion the potential is great in two directions;
It has a great future potential and is very undervalued at the moment, giving it a great chance for value increase of the token.
By staking first and operating a node later, it will generate passive income through staking rewards and Node rewards later.
So time to make a plan to set myself up for being a node:
There is a great manual created by Wolf Crypto on how to create a COTI node, which I am following step by step. After applying for being a Testnode, I am halfway the process.
The domain is registered, the server is initiated. Only remaining steps are to set up the Node, planned for later this week, and increasing my stack of $COTI tokens (70% finished ) and an additional passive revenue stream will be up and running.
As mentioned before, in 2019 the base was build for passive income and 2020 is the year to build the first Passive income structure on this solid base, focusing on Crypto driven passive income.
The other two passive income structures to be build are: – Dividend paying conventional stocks (2021) – Real estate rentals.
For the crypto driven passive income, four passive income driving coins are in focus to deliver an ever increasing passive income. For all 4 a target bag has been defined to be achieved by the en of 2020. This tracker keeps track of how far we are from the final goal (Bag status), while the pie charts show how much of the additional tokens targeted for 2020 have already been added to the bag.
The last block shows the amount of Passive income received to date, showing that currently a run rate of about 10$ per day is being achieved.
What better excuse to travel than to prepare for future real estate investments..
Some of the key focus points for my future real estate investments are that investment needs to be:
located in a touristic area;
In the center of a city
in a relatively unknown real estate area with future growth
Appealing through all seasons
So as a family we agreed to visit at least one potential area in Hungary per month. And the first visit was to Mako in the south of Hungary near to the Romanian border.
Mako is mainly known for the cultivation of unions and garlic and because of its famous architect, who uses these vegetables as an inspiration for architecture.
It has some nice tourist atractors, like the “hagymaticum” thermal bath complex, a canopy walk, some nice architecture and a beach at the river for summers. So it is an all season destination.
In the middle of the Center there is a nice early 19th century building, with the potential to be improved and posing a great investment for some instant hotel room (AirBNB) set up. With the potential to generate passive income in the distant future.
After setting up the CITYUPTAKE passive income stream in 2019. In 2020 I want to add:
Cardano blockchain based passive income
COTI blockchain based passive income
Passive income through Pynk
For Cardano I joined the Shelley testnet and although majority of ADA is used to boost the CITYUPTAKE Trade Desk, still a portion is used to receive staking rewards. Waiting for projects like CITYUPTAKE to emerge for serious passive income.
For COTI, first staking poolparticipation has begun, now I am saving to have enough COTI to start my own active node.
For Pynk I finally accumulated enough community points to be converted into Pynk shares.
For that I had to predict and invest time for 5 months:
I made 148 predictions and 42 forecasts.
Anybody interested in exploring Pynk please use this link: link