PASSIVE INCOME DASHBOARD

The regular update on the passive income dashboard

With the Crypto market slightly recovering from the dramatic value loss in March, it is time to update the Passive Income dasboard again. As the amount of cryptocurrencies included has changed a bit, the format has changed a bit as well:

Passive income dashboard April 27

Due to the slow evolution on ADA, I have decided to take it out of the passive income token portfolio, as the contribution will be lower than the other 6 coins in there:

COTI
For COTI I have increased the target hold after the announcement that we will be allowed to run a community node on the COTI blockchain.

Pi-Token
The growth of the Pi-token portfolio has been happening quicker due to the low prices of Crypto, which led to an increase of the targeted bag size.

BTT
BTT has been added as a new passive income coin after the staking option in Dlive went live.

CITY Alpha
CITY Alpha has been added as there will be a possibility to increase the bag size in the future and it has already been a passive income generator for a while

CITYUPTAKE
As this is where I hold my biggest bag, it will always be a key element of the passive income strategy

WINk
WINk is continuously giving small consistent rewards, and the hope remains that its value and with that the hight of the rewards will grow in the future

COTI Community Node

Carpathian Basin has been selected as the future Community Node on the COTI blockchain.

This is the start of a new chapter. As of yesterday April 24th, Carpathian Basin has been selected to become the next Community Node in the COTI blockchain as laid out in the message in the COTI telegram channel yesterday.

Community Node win announcement

This is a big honor but also a big responsibility. In the coming days, we will find out the exact requirements of running the Community Node and the difference between running our node on the COTI Testnet.

We will create a plan on how we can support the COTI blockchain in optima forma and for that purpose, we will extend our COTI node page on the website with an introduction of the team (done), a roadmap of our plans to support COTI and detailed info about COTI in order to introduce new people to this great Blockchain.

For now we would like to thank the people who put their trust in us and voted for us. We will honor that trust with our hard work to contribute to the mass adoption of COTI as the “Coin of the Internet”.

Pi-Token

A small introduction to Pi-token as part of the Carpathian Basin eco-system

As part of The Crypto Universe, we have have created the Pi-token. With this it has become an integral part of Carpathian Basin ecosystem and it got its own place in our website, next to COTI and CITYUPTAKE.

Pi-token is a token on the TRON blockchain, which enables people, with lower amounts of $TRX or people who do not like to do KYC a possibility to earn some nice rewards while not having their funds at risk as the token is pegged 1:1 with TRX.

75 days after it has started paying rewards, the circulating supply of Pi has grown to 789k tokens:

Circulating supply of Pi-token.

In that period a total of 18.8k TRX has been payed out to the holders of Pi-tokens and the daily payment amount is growing day by day:

Cumulative rewards paid out to holders of Pi-tokens.

The Pi-token is funded by holding reward generating tokens and these rewards are then used in the following way:

income distribution of the rewards received by Pi-Token

In the week of April 19, a total income was received of 4,105 TRX. Out of this close to 10% (408 TRX) was move to the founders wallet to maintain the eco-system.
2,449 TRX was shared with the holders of Pi-tokens (average close to 350 TRX per day).
45 TRX worth of crypto was paid out to players of our weekly gaming competition in the channel.
1,202 TRX was moved to our reserve wallet, which is in place to fund the flexibility of offering a 1:1 peg to TRX.

Daily payout announcement, April 23 (payout 75)

As visible in the graphic above, close to 79% of the holders have chosen to switch on auto-buy as this results in automatic compounded carefree growth of the amount of Crypto held.

The different in returns explained between holding Pi and switching on auto-buy, based on 100k Pi held

Running for COTI node

Carpathian basin is running for mainnet community node on $COTI blockchain. Please use this link https://forms.gle/MXX2176hc72NUWwo6 to vote for us

The $COTI blockchain, one of the projects we are engaged with has opened a voting to decide on the next Mainnet Node to be switched on:

We have put in our candidacy and are collecting votes. This is a unique and very democratic way to decide on who will be the next mainnet node and as Carpathian Basin, we are proud to be part of this process.

Voting can be done through this link:

https://forms.gle/MXX2176hc72NUWwo6

And if you think we would be a good candidate, vote for @Carapthian:

Crypto portfolio revisited

Changing the targets of my crypto portfolio

I would call the progressive knowledge impact. As time progresses knowledge increases which can lead to new insights. My original Crypto portfolio with its targets was like:

Crypto portfolio and targets in November 2019.

Now half a year later some significant changes have been made;

First of all the targets have been modified for both ADA and TRX.

ADA because the going live of Shelley Testnet really showed some progress, but unfortunately things slowed down again.
TRX because I increased my target hold on TRX based projects like CITYUPTAKE and CITY Alpha and added another project to my portfolio being Pi-Token.

Second, I removed Gulden from my portfolio targets as the availability is not growing in line with my expectations. Only available in smaller exchanges which doesn’t bode well in my view

Third, I added three more coins to my target hold:

  1. COTI as it has a great potential in my view to become a major payment solution for online and brick and mortar sales channels. It is already generating cash and sharing revenue with its holders through staking.
  2. CHZ as it is a token for sportsfans, as with the current COVID physical presence at the games is being limited, I foresee games in the near future being played in empty stadiums while people watch the games from home, having a token of your favorite team which brings you extra benefits could become a big deal.
  3. MCO as it is the token for the Crypto.com platform. The supply is limited and you need these tokens in order to get into higher service tiers. Compared to other platforms which offer services to convert Crypto into Fiat, Crypto.com has a solid feel.

Let’s see how long these targets will stand.

Pi – Token

Introducing Pi-Token

After CITYUPTAKE and COTI, I have started intense participation in a third Cryptocurrency project. The project is called The Crypto Universe. The intention of The Crypto Universe is to be a platform to help people who are new to or inexperienced with Blockchain and Cryptocurrency specificly to land in the big bad world called Crypto.

The Crypto Universe

The Crypto Universe website consists of several sections, which will be filled with content gradually.

The roadmap describes them one by one and the first section which has already gone live is the Promille Project:

Promille Project

The Promille Project is the part of our Eco-system which will contain a variation of Tokens to the benefit of its holders. The first token created in the Promille Project is the Pi-Token. The Pi-Token is a token which uses invested TRX to create a passive income, while guaranteeing the value of the invested TRX. “Building Trust through Transparency”. The white paper explains this in much more details:

Main features of Pi-Token

The Token was created on 02-02-2020 and has been paying out rewards for close to two Months now, which was on of the reasons for a summary of the achievements so far.

Two months summary of the Pi-token

More features of The Crypto Universe will come and more info about the Pi-Token can be found here: https://t.me/promille_project In time The Crypto Universe will get its own section in the Carpathian Basin website.

#111 Months – 15

Months 15 of the 111 months early retirement has finished. Time for a summary

The 15th month of the #111Months challenge has finished and due to the global situation we are in, it was a month of a major step back. Both the share values and the crypto value dropped back. Eventhough the spending has been reduced, giving more opportunity to buy more Crypto and shares, the nett result was negative.

111Months cockpit month 16

The proportion of loans on my total wealth has climbed up after a steady continuous decline. In the coming months, our government has suspended loan repayments, so the free cash will be used to increase exposure to shares, crypto and precious metals.

Loan proportion of total wealth.

Also the passive income generation has suffered over the month of March and has dropped significantly. Even though the holdings of all passive income generating assets have increased and a new asset (Pi-Token) has been added to the list of passive income generating assets.

Passive income generation vs targeted passive income at the end of the #111Months project

With March having been an extremely busy month, setting up another Crypto project while dealing with COVID19 issues in normal work, the blog has been neglected a bit. But a recovery is in place

Passive income boost

After one and a half months into 2020 the building of a passive income powerhouse is on track

The first half of February 2020 has been a great month in crypto due to the mini Alt coin run. End of January beginning of February, I made a bigger purchase in $COTI to get closer to my goal. Also I have been steadily purchasing $CITYUPTAKE and the growth in my held amount is in line with the target. $ADA and $WINk stagnated but will be caught up later.

Passive income status Feb 17, 2020

The rewards from WINk have been extremely disappointing recently but maybe the new project which will be launched on the platform will inject some new life. As I don’t expect $ADA to run away in value from $TRX, I am not in a hurry to increase my ADA stack but rather invest the spare $TRX which I receive from CITYUPTAKE in the new reward generating token called $Pi. This one will go into open Beta soon and is already delivering double the rewards of voting.

The total received passive income value year to date is $843,- which puts me on a 6,5 k$ trajectory for the year. Not enough for retirement, but providing a serious impact on the road to retirement.

Passive income January

2020 is the year to build passive income through Crypto and at the beginning of the year, I selected 4 coins with are instrumental in my opinion to create a good base for future passive income: $COTI, $ADA, $CITYUPTAKE & WINk.

For all 4 a goal has been set of where I should be in stack size by the end of the year and monthly I am tracking progress.

Passive income coins status vs target

In January year to date, I have received $460,- of passive income through crypto. The vast majority of that >95% has been through the combination of CITYUPTAKE and CITY Alpha. But for the future, I have my eyes on $COTI as well, which is why I boosted my stack and am already almost half way the annual target. $CITYUPTAKE is almost on track and both $ADA and $WINk are behind. All in all, I would say I am a bit ahead of schedule

#111Months – 13

The 13th month of the #111Months challenge has finished. 98 Months to go before early retirement. After some disappointing months in the Crypto world this was the first month showing some real recovery.

111Months cockpit month 13

The proportion of loans on my total wealth has been decreasing steadily and is now dropped well below 40%, which means the nett. wealth is developing nicely.

Loan proportion of wealth decreasing over time

The passive income is at a steady level and continuously increasing with increasing my stake in passive income generators like (in order of contribution):

  • CITYUPTAKE;
  • CITY ALPHA;
  • Abbvie shares;
  • Unicum shares;
  • Altrea shares;
  • WINk
  • Cardano;
  • Waves.

In February $COTI will be added to this list through staking as well.

Wealth build vs final target.

The wealth building has recovered from two bad month in Crypto and is back on track, well ahead of the target created when the #111Months challenge started.