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.
In light of transparency the income distribution of the Pi-token is openly shared.
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 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:
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
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.
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.
Reviewing my crypto portfolio, I came to the conclusion that during 2019, it has become a big mess. I have some coins, which I really track and for which I have really set a target of the amount of tokens I want to hold in my portfolio:
From these “base tokens” most of them have been growing nicely with the exception of $BNB and $GLD. $TRX is mainly CITYUPTAKE tokens converted to $TRX and a huge variation of Altcoins in the TRON blockchain.
As I am addicted to Data, I have been tracking the hold of all the tokens I am holding on TRON Blockchain. I have been actively accumulating 26 tokens on the TRON blockchain and even more passively. Seeing the messy portfolio, I now have taken the decision to clean up. This clean up exercise has been initiated by the recent value growth for $Play and $IGG, providing a good moment to cash out and convert the value to more $CITYUPTAKE and move some into $ADA and $COTI.
So now in time, I will purge the rest of the portfolio, cleaning out non reward giving tokens and gambling tokens once the value exceeds the initial value. $WIN will stay for the time being, $CITYUPTAKE and $CITY Alpha will stay for sure as they are the fuel for my passive income.
For now all TERC based tokens like Game of Tron and Aftermath Island will stay at least until the game is live. $Nole will stay as it gives a dividend in $Nolewater. But all e-sport teams, PRO, Mazer , LimeJuice will go. Beatzcoin will go (although I will use the app). $Vcoin will be cashed out, Egguity and Boom will await the time it will have a better value. TWX and PLAT will go as well and EVO will await the launch of the new game and the level of dividend will drive the decision.
By purging my stack, I will be able to add a significant amount to the $CITYUPTAKE stack and will bring the goal of setting up a $COTI node also closer.
It is time to refocus on the end goal. Early retirement with a good passive income. I will need to be more selective in the coins to invest in.
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.
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:
Summary of the 10th months of the 111 months challenge
Due to the fact that the majority of the passive income is coming from the CITYUPTAKE returns, which value is directly connected with the value of $TRX, the passive income has decreased in October compared to September. First passive income was received from the Stock Holdings as well.
WINk and BOOM have become good passive income providers on the TRON blockchain as well and the revenues are used to increase the hold in WINk for long term income.
The amount of money in outstanding loans has decreased significantly versus the total amount of wealth and is now standing at 39% of wealth.
The Fitbit stock was sold with a 35% profit and part of that was used to increase the stake in passive dividend paying stock Altria and a portion was used to buy another speculative stock PG&E which had a recent big drop.
Tron recovered slightly and the vibe is very good with the cooperation with Samsung. This bodes well for the vast majority of my crypto holdings. BTC I keep stacking continuously by adding 0,0003 BTC to my stack each day independent of the price. CITYUPTAKE is giving me through its rewards at least 3k TRX tokens per week, which is slowly increasing the stack.
And as Cardano is getting closer to the possibility of staking and the Shelley net is to be launched soon, this is the next Crypto on which I will focus to build the stack.
With investment emotion is a big factor. It is important to be honest to yourself. Are you an emotional person when it comes to investments? Are you quick to be drawn into a FOMO? Are you likely to have a panic sell when prices drop? Have you done impulse purchases in the past?
When your answer is yes to most of the above, it is best to steer away from the temptation of emotion impacted investment.
I have done so by locking most of my investments and making them difficult to touch. Instead of trading, I put a significant part of my holdings in the hands of transparent and compliant professional traders like CITYUPTAKE and soon also accompanied by PYNK. These are taking care of my funds while generating a nice passive income. With that passive income, I can choose to re-invest or to use it for more risky investments.
Besides CITYUPTAKE and PYNK also nice opportunities are opening up at Cardano, which is soon to be ready for staking as well.
So the monthly decision is now, what to do with my investable money? Crypto or stock? CITYUPTAKE or PYNK?
In the end I know that as long as I am not trying to trade myself, the return on my investment will be good whatever decision I take.
In January, I started the #111Months program, to try to be in a position for early retirement in 111 Months.
After 5 months I have achieved a blended 4,3% of the final target (helped by the small surge in value of crypto-currency.
The goal is to acquire enough wealth combined with Passive income to be able to retire at the age of 55 (111 months from start) and be able to survive by means of passive income, without eating up the wealth.
The approach is:
Pay back existing loans, decreasing negative wealth and having more spendable income to build up wealth.
Maintain position in Brewdog shares
Maintain and slightly increase position in Crypto
Reinvest weekly CITYUPTAKE rewards to increase further passive income
Build a position in dividend paying shares.
Besides being able to retire after 111 months, the ambition is to have a solid social media presence by that time as well, so I can retire in my home office and can do investment management, while engaging in the crypto social media. The two chosen channels are:
Twitter has been chosen because of the historical Crypto engagement. Current amount of followers is just above 100, the target is to have 500 by the end of the #111Months project.
FriendsterIO has been chosen as I believe this is the future of social media. A young fresh new social media site, with integrated Crypto functionality. Non censored and decentralized. The target is to have 1.000 followers by the end of the #111Months project.
On way to get more engagement on Friendster is by starting the weekly “Castles of Carapthian” game, which his hit the top of the most popular posts section.