#111Months – 19

Dashboard of months 19 of the #111Months initiative

19 out of the 111 Months have passed and progress of the road to early retirement is great. Both wealth building and passive income generation are well on track. The value of crypto on August first created a big boost in the wealth department and the success of COTI and Dice tokens, next to the continuous performance of CITYUPTAKE has resulted in the best passive income generating month so far:

Orion protocol

Will ORN be the next node / brokerage for Carpathian Basin?

Orion Terminal screenshot

After COTI, the next blockchain in focus now is the Orion Protocol. Orion is a relatively new blockchain. The purpose of Orion Protocal is providing a platform for traders looking for the best exchange for executing a trade.

Roadmap of Orion Protocol

Currently the Orion Terminal is in closed Beta and there is a staking initiative on KuCoin with a 40% APR.

Tokenomics and token release schedule

So how does it work, as a token holder you will either be able to stake at a brokerage or become a brokerage (minimum 10k ORN required). If your brokerage is used for the transaction of the trade which occured on the Orion Terminal, you will get the trading fee, which has to be shared with the stakers into your brokerage.

Orion explained

After COTI, this will be the next blockchain in focus to establish a node (brokerage).

Phi-token

The dashboard of the Phi token gives a good status review of the Phi token Ecosystem

Phi token dashboard for August 12

Phi Token is the loyalty token of the Promille project. If you are holding Pi-token (Pi is a TRC 10 token on the TRON Blockchain, providing a weekly dividend of 0,314% to it’s holders), you will be eligible to receive Phi loyalty tokens during the monthly airdrop over a period of 18 Months.

The first Phi token drop happened on August 2nd and the next will happen on September 2nd. The purpose of Phi is to reward early adopters of Pi-token by airdropping them this loyalty token, which will benefit from the growth of the Pi-token ecosystem.

So how does it work?

Every months 30% of the value growth (in $TRX) of the Pi reserve wallet is used to fund the loyalty token. This amount of TRX is used to mint new Phi tokens and the TRX is moved to the Phi reward wallet to invest in reward generating tokens.
The value of 1 minted Phi at the first airdrop was 1 TRX. In total 4760 Phi tokens were minted and proportionally distributed over holders of Pi tokens and 4760 TRX was moved to the rewards wallet. During the second airdrop the value of 1 minted Phi will be 1.025 TRX. This means more TRX per minted Phi will be send to the Phi rewards wallet. With every airdrop the value of minted Phi will increase with 0.025 TRX.

From the rewards received in the rewards wallet, 50% is paid out weekly as dividend to Phi token holders and 50% is reinvested in reward generating tokens.

This means we have two processes increasing the value of Phi by increasing the value of the rewards wallet:
1. Increasing value of minted Phi
2. Reinvesting 50% of the rewards into the rewards wallet.

With this we want to achieve an ever increasing value of Phi, with an ever increasing amount of weekly dividend paid to Phi holders.

Dashboard explained

Phi dashboard

The Dashboard consist of a lot of info.

The PHI Eco system shows what are the main pillars of Phi:
– Funded by reserve wallet growth
– Funded by 50% rewards reinvestment into the Phi
– It is paying weekly dividends to its holders

The Phi wallet of reward tokens shows the total amount of value in the rewards wallet (4,802 TRX as per Aug 12) and in which reward generating tokens or activities these 4,802 are used and in which proportion

General data of PHI Eco system shows the following key numbers:
– 4,760 Phi in circulation
– 22.49 $TRX paid in weekly dividends
– 1.009 Current value of 1 Phi (value of rewards wallet / Phi in circulation)

The block charts show the following info
– The amount of Phi airdropped per month (4,760 in August)
– The value of Phi and how it progresses on a weekly base
– The total of dividends paid out
– The weekly dividend paid per 1k Phi, which will show an increasing trend over time

The expectation for the next drop section is there for expectation management. It shows 4 circles which indicate the worst case situation for the next monthly drop of Phi. This will always improve as the month progresses.
– 2,248 $TRX this is 30% of the reserve wallet growth to date since the last drop, so this is the minimum amount of fresh $TRX to be injected into the Phi Eco system, but this will grow over time.
– 1.025 $TRX is the value of the one Phi minted for the next airdrop
– 2,369 $Phi is the minimum amount of Phi that will be dropped during the next monthly drop based on the amount of TRX (2,248) and the value of Phi (1.025) as the amount of TRX allocated for the drop will grow, also the amount of Phi to be dropped will grow.
– 685 $Pi is showing the minimum amount of Pi you need to hold to receive a Phi token. As the amount of Phi to be dropped will grow, the amount of Pi to be held will decrease as the month progresses.

Purpose of PHI

The purpose of Phi token is to award early holders of Pi token with a token which has an appreciating nature based on the success of the Pi token Eco system.

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.

#111Months – 18

Month number 18 of the #111Months challenge has finished, time for a new status review.

111Months – June 2020 update

The road to financial freedom is looking more promising than ever before. The last three months a full recovery has occurred from the weak start of this year. A big important step has also been initiated in June, which is the incorporation.

Incorporation

Per beginning of August, Carpathian Basin will become Carpathian Basin Kft (Ltd.). As a corporation through Hungarian tax law, the taxation on earnings will be much more beneficial than taxation as an individual (9% vs 33%). This helps building up the investment portfolio in a higher speed than doing it as a private individual.
On top of this expenses, like webhosting, wifi, office equipment etc can be deducted from the profit, further bringing down the tax pressure.

Portfolio build in June

In June, the focus was on building portfolio in Crypto and shares while continuing to pay back loans.
In Crypto the position in $CITYUPTAKE (TRX), $Pi (TRX), $BTT, $CHZ and $COTI was increased significantly.
Because of the staking returns for staking $BTT in Dlive, the BTT position was build up quickly and is daily increasing.
For $COTI running the node, with the resulting staking is bringing monthly natural growth, just as CITYUPTAKE and Pi.
For BTT and COTI a new target should be considered as the goal has already been achieved.

June 2020 Crypto portfolio vs target

Wealth build

The wealth building has seen a little sprint in June. 4.6% of the final wealth goal has been achieved. With an increasing amount of passive income generating assets, the wealth build will increase especially once all loans are eliminated. We are slowly leaving the linear growth as the goal is to get in a state of (semi) exponential growth.

June 2020 – Wealth build vs forecast

Wealth distribution

While the wealth is growing the distribution is changing. It is mainly the loans which proportion is decreasing while the crypto proportion is increasing. In the end the goal is to achieve a similar proportion for crypto as for shares and in a later phase also real estate.

June 2020 – Wealth distribution development

Passive Income

With the increase of passive income generating assets, the passive income increases. Adding BTT had a big impact as well. The successful month of February could not be replicated yet, but the trend is clearly positive. A level of 13,1% of the income required to retire is already achieved. The value of crypto assets has a huge impact of the level of passive income achieved.

June 2020 – Passive income trend

All in all the road to financial freedom looks very promising with still 93 months to go.

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

#111Months – 17

A month has passed, time to review the progress in the #111Months project.

The goal of the #111Months project is to achieve early retirement at the age of 55. When I was 111 Month away from that, I started the #111Month project, created a targeted wealth and a targeted passive income enabling myself to retire from corporate life and move into managing and extending my passive income generating portfolio through Carpathian Basin Ltd.

111Month-17 dashboard

With a nice small crypto run just before the end of the month, the wealth build is back on track. Also the share values recovered nicely, so the dip which occurred 2 months ago has been eliminated.

Passive Income

Passive income May 29

Most of the tokens held for passive income have been performing well.
– BTT has recently started it’s staking project on the DLive platform which has been consistently delivering around 40% annualized returns.
– COTI has finished it’s first month with Carpathian Basin running the COTI Community Node, now rebranded to Carpathian Node, delivering more than 40% annualized returns.
– CITYUPTAKE is still consistently delivering more than 30% annualized returns.
– CITY Alpha is generating solid returns combined with its progressive reward generating program.
– Pi gives 18% annualized return with full flexibility.

Only WINk has not delivered stable returns the results fluctuate day by day. On a good day, I use the rewards to increase the WINk stake on a bad day, I am using the rewards to buy Pi and increase that stake.

In general I am ahead of the plan of building my portfolio of passive income generating tokens due to the good returns of the tokens held and due to the low price of Crypto still

Plans for June

The main focus for June is:

  1. Continue to drive for increasing the portfolio of passive income generating crypto tokens
  2. Increase regular share portfolio
  3. Give full support for CITYUPTAKE, Pi Token and COTI to be part of their succes
  4. Start incorporation of Carpathian Basin to reduce the Tax impact of Crypto earnings helping to build Carpathian Basin quicker.

Staking COTI

Besides staking on COTI mainnet there is an option to buy staking rights on KuCoin as well

For Staking COTI there are several options, but the demand outweighs the supply.

Staking in COTI main net

Staking 2.0 May summary

For the staking 2.0 in COTI mainnet in May, the amount of applied COTI was 5 times higher than the available Staking positions. In my view there are two reasons for that;

  1. COTI has a solid use case with high potential, therefore there are a lot of people holding the token, while looking for future value increase, with no intent to sell quickly. If that is the case, it is better to let the token work for you and generate more revenue.
  2. The staking returns are best in class.
Overview of staking returns

Staking on KuCoin

Besides staking on COTI mainnet there is the option to stake on KuCoin as well. In total another 10 Million COTI can be staked here on top of the 40 Million on COTI main net. With a current circulating supply of close to 500 Million, this means 10% of that can be staked over the two solutions combined.

On KuCoin you cans stake 5 Million COTI with a 30 days term for 18% annualized return and 5 Million COTI with a 90 days term for 25% annualized return. However both staking options where filled up in minutes.

There is the interesting option though to trade Staking Rights on Kucoin. When you stake COTI (or any other token) on KuCoin besides COTI, you receive POL tokens as well.

COTI-90 Days trade contract in KuCoin.

On top of the 25% annualized return on COTI, you will earn an additional 24.45% annualized (changing in time) return on Pol. The staking results both in Pol and COTI are paid daily.

If you are staking COTI currently you can decide to sell your staking rights in exchange for POL through the trade option. If you didn’t have the chance to stake, you can actually buy staking rights through the trade option:

COTI Staking trade option in KuCoin

So it shows here that you can actually buy the rights to stake 2,203.4 COTI for the price of 66.76 POL. The 90 days staking contract still has 67 days to go (May 19). So based on that you can calculate if the investment of 66.76 POL for staking rights makes sense.

If you think it makes sense: Cost < Return on COTI and POL combined, you buy the right of staking and automatically 2,203.4 COTI in your KuCoin wallet will be locked and you will earn daily rewards for staking until the 90 days contract is finished.

Daily staking result on KuCoin

After making a small successful trial yesterday, I will be looking to increase the staking position on KuCoin gradually.

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..