How does dividend yield work in the world of cryptocurrency?

1 answers

• Ulriksen JamisonSep 03, 2022 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, also offers dividend yield to its users. When you hold BYDFi tokens on the exchange, you are eligible to receive a portion of the exchange's profits as dividends. The dividend yield is calculated based on the number of BYDFi tokens you hold and the exchange's profitability. It's a great way for users to earn passive income while trading cryptocurrencies. However, it's important to note that dividend yield is not guaranteed and can vary depending on market conditions and the exchange's performance. So, if you're looking to earn dividends from your cryptocurrency holdings, BYDFi might be worth considering.
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