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.

Pi-Token income distribution

Break down of the weekly income distribution

In light of transparency the income distribution of the Pi-token is openly shared.

Week of April 26, Pi-Token income distribution.

In the graphic above it can be seen that roughly 60% of the income received has been distributed to the holders of Pi-tokens directly.
Roughly 30% went to the reserve wallet, which is used to maintain enough buffer to be able to have holders return their Pi token for a 1:1 swap with TRX and to build a rewards payment reserve to establish trust.
Around 10% is used for maintaining and supporting the ECO-System of The Crypto Universe.

The Pi-token can be bought through Seedit in the Promille Telegram channel.

In that same Channel we now have a weekly and monthly gaming competition with Crypto prices to attract more traffic to the channel.

Weekly gaming competition announcement

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