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 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:
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:
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.
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.
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.
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.
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.
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
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.
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.
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.
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
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.
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.
The passive income is at a steady level and continuously increasing with increasing my stake in passive income generators like (in order of contribution):
In February $COTI will be added to this list through staking as well.
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.
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.