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.

#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.

BTT Staking

BTT staking has started successfully.

Since some days, you can stake your $BTT in Dlive to get some rewards. As the first day staking rewards were outrageous due to the combination of a low amount of staked BTT and a high daily reward. Since then the amount of Staked BTT has settled down just north of 11.28 Billion (5.3% of total supply) and the daily rewards are now stabilizing close to 20 Million BTT.

If these number continue like this a 60% annualized staking return is a great deal.

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

Increasing targets

Changing the long term crypto hold targets

When setting up the #111Months challenge to enable my early retirement, I have set up some target hold levels for Cryptocurrencies. However as time progresses new insights occur.

Where I originally started my crypto travel with $NANO and I still believe in this coin, my focus in time has shifted to TRON and with the current progress in Cardano also $ADA which was there in the beginning is back on my radar.

The graph below shows the 5 years targets, which I set for different coins by the beginning of this year.

Actual vs target (November 2019)

As is visible here, I already modified the target for $XRP as I sold out a significant portion. Also visible is that $TRX already achieved the target and $ADA is getting very close.

The amount of $BTT and $BTC is climbing slowly but steadily by daily stacking and their target levels seem realistic.

All other coins for which there is a target are currently on the back burner and they will receive the proper focus when there is budget left after reaching the desired purchases for the ones in focus.

To the above clear, I have modified the targets for $TRX and $ADA significantly:

Updated targets in November 2019

And the journey continues

Crypto portfolio tracking

My blogpost on Carpathian Basin explaining the crypto portfolio

My Crypto portfolio showcases the various crypto projects in which I am invested and in which I see the potential for wealth increase in the future.

Crypto projects.

The Blockchains I am invested in are the following:

  • TRON
  • CARDANO
  • BITTORRENT
  • RIPPLE
  • BITCOIN
  • NANO
  • WAVES
  • WANCHAIN
  • GULDEN

For Crypto progress I am tracking the value of the following chains in details: TRX, XRP, BTT, NANO, ADA. The other projects’ bag is still to insignificant to be tracked in detail.

Portfolio profitability of tracked projects

The portfolio profitability shows how much the value of the total hold of the coin is versus the money invested in the coin. It is visible that with the current values (November 4, 2019) only $TRX is in profit, while $BTT is not too far off. $NANO, which was the first Crypto I bought in March 2018, still has a far road to travel.

Profitability of Crypto investments

The graph above shows the value of the tracked Crypto portfolio (blue) versus the invested amount of USD (orange) and the resulting profitability of the portfolio (Red). Due to the fact that the vast majority of my crypto hold is TRX and that is the only coin in profitable status, the whole portfolio is profitable.

Within TRON blockchain, I have invested in several projects bringing passive income. The majority of the passive income is coming from CITYUPTAKE and WINK.

Passive income on TRON blockchain.

The daily passive income is continuously growing to a level of close to 20 USD per day. The average daily TRX rewards are close to 900 $TRX per day. This passive income is a key element on the #111Month challenge