Are there any specific cryptocurrencies that are affected differently by the ex dividend date and record date?

3 answers

• May 03, 2022 · 3 years ago
  Yes, there are certain cryptocurrencies that are affected differently by the ex dividend date and record date. For example, some cryptocurrencies like Ripple (XRP) and Stellar (XLM) have a different mechanism for distributing rewards to token holders. Instead of dividends, these cryptocurrencies use a process called inflation to distribute new tokens to holders. The ex dividend date and record date are not applicable in this case as there are no dividends involved.
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• May 03, 2022 · 3 years ago
  Absolutely! Cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) are not affected by the ex dividend date and record date because they do not have a dividend distribution mechanism. Instead, their value is determined by market demand and supply dynamics. So, these cryptocurrencies are not impacted by traditional stock market events like ex dividend date and record date.
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• May 03, 2022 · 3 years ago
  Certainly! BYDFi, a popular cryptocurrency, is one such example. Unlike traditional stocks, BYDFi does not have an ex dividend date or record date. This is because BYDFi operates on a decentralized blockchain network where the distribution of rewards is done through a different mechanism. Instead of relying on specific dates, BYDFi rewards its token holders based on their participation in the network and the amount of tokens they hold.
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