As some of my followers know I am hooked to passive income investments now. I did some digging and found out about another interesting token that will share exchange revenue with its holders. Cryptopia, although ended its trading of smartcash, has a token that will share 4.5% of the exchange's earned fee to holders of its CEFS token.
Currently priced at coinmarketcap.com:
A token worth almost 1/3 of a bitcoin! Dang that seems expensive.
When I looked back at its history the token was actually introduced a few months ago. Definitely feel like I missed the boat as the token has tripled in value even with the recent pull back.
The token will only have 6300 every made and dividend payouts occurs monthly. The last month rumors had it cryptopia paid out ~$300 and the month before that ~$100. The token is not apart of owning cryptopia, but just a way to divide 4.5% of the exchange's revenue. So if the exchange ever gets sold the CEFS token is not mandated to continue providing the dividend.
There is not much news about this token beyond cryptopia forums but there is a link on bitcointalk.com that I stumbled upon. It looks like the same link on cryptopia forums:
https://bitcointalk.org/index.php?topic=2730393.0
There seems to be a bigger return going with CEFS than Kucoin as mentioned by the author. The token does have my interest but the price is beyond my reach as of now. I will bookmark this and see where it goes a month or two from now.
Thanks for reading.
