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.
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.
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.
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.
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.
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.
Continuously growing cumulative rewards have been increasing steadily and will surpass 25 Million TRX in the second half of May.
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:
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:
The Pi-token is funded by holding reward generating tokens and these rewards are then used in the following way:
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.
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 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.
In the last 12 Months, I have almost tripled the amount of FIAT money invested in my crypto-currency portfolio. With that some mayor goals are achieved:
Enough CITYUPTAKE tokens accumulated for receiving steady rewards;
Enough $COTI tokens accumulated as a team effort to run an advanced node when the Testnode is moved to mainnet;
A base of $ADA tokens build, staking on the Shelley Testnet;
Enough $WINk tokens accumulated to slowly increase the bag on $WINk tokens.
Overall the crypto-portfolio is in profit mainly due to the fact that the rewards (mainly CITYUPTAKE) is driving the dollar average per token owned down.
There is a clear target to increase the stack of (future) passive income tokens for this year.
The expectation now is that the further build can be done without the need of injection anymore FIAT money, allowing a steady increase of the portfolio value and a reduction of the average dollar cost of all tokens.
Describing part of the road of setting up a COTI node
As one of my future passive income streams, I have selected $COTI after reviewing the project and its white paper. In my opinion the potential is great in two directions;
It has a great future potential and is very undervalued at the moment, giving it a great chance for value increase of the token.
By staking first and operating a node later, it will generate passive income through staking rewards and Node rewards later.
So time to make a plan to set myself up for being a node:
There is a great manual created by Wolf Crypto on how to create a COTI node, which I am following step by step. After applying for being a Testnode, I am halfway the process.
The domain is registered, the server is initiated. Only remaining steps are to set up the Node, planned for later this week, and increasing my stack of $COTI tokens (70% finished ) and an additional passive revenue stream will be up and running.
As mentioned before, in 2019 the base was build for passive income and 2020 is the year to build the first Passive income structure on this solid base, focusing on Crypto driven passive income.
The other two passive income structures to be build are: – Dividend paying conventional stocks (2021) – Real estate rentals.
For the crypto driven passive income, four passive income driving coins are in focus to deliver an ever increasing passive income. For all 4 a target bag has been defined to be achieved by the en of 2020. This tracker keeps track of how far we are from the final goal (Bag status), while the pie charts show how much of the additional tokens targeted for 2020 have already been added to the bag.
The last block shows the amount of Passive income received to date, showing that currently a run rate of about 10$ per day is being achieved.
What better excuse to travel than to prepare for future real estate investments..
Some of the key focus points for my future real estate investments are that investment needs to be:
located in a touristic area;
In the center of a city
in a relatively unknown real estate area with future growth
Appealing through all seasons
So as a family we agreed to visit at least one potential area in Hungary per month. And the first visit was to Mako in the south of Hungary near to the Romanian border.
Mako is mainly known for the cultivation of unions and garlic and because of its famous architect, who uses these vegetables as an inspiration for architecture.
It has some nice tourist atractors, like the “hagymaticum” thermal bath complex, a canopy walk, some nice architecture and a beach at the river for summers. So it is an all season destination.
In the middle of the Center there is a nice early 19th century building, with the potential to be improved and posing a great investment for some instant hotel room (AirBNB) set up. With the potential to generate passive income in the distant future.