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.

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

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

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.

CITYUPTAKE

Reviewed through the numbers

Weekly rewards and share of circulating supply over time for holding 100k CITYUPTAKE tokens

This graph gives a good view on the consistency of rewards for holding CITYUPTAKE tokens while the portion of the total circulating supply decreases (dillution). The rewards recently consistently hover between 800 and 900 TRX per week.

Total rewards paid out week by week

This graph indicates the total rewards paid out week by week, it is clear that it is just a matter of time until the weekly 400k TRX paid out will be passed.

Cumulative rewards paid out by CITYUPTAKE since its inception

Continuously growing cumulative rewards have been increasing steadily and will surpass 25 Million TRX in the second half of May.

Check out CITYUPTAKE in http://www.cityuptake.com or https://t.me/CITYUPTAKE

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

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.

Graphs

A story through graphs

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.

Cumulative rewards

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.

Weekly rewards

The amount of weekly rewards have stabilized since the one year anniversary in July and are consistently just below 400k $TRX

Rewards vs Trade Desk size

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.

Rewards for holding 100k CITYUPTAKE

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.