While the crypto industry is known for its volatility, many investors flock to crypto for the opportunity to earn high returns on their investments. There is a lot of risk in crypto. However, a lot of cryptocurrencies also give users the opportunity to earn passive income on their investments with minimal effort. But what does passive income mean in the crypto space?
There are many ways for investors to earn passive income. For example, some of the top crypto platforms, including Solana (SOL) and Ethereum (ETH), offer users the chance to earn passive income through staking, while the new meme coin Caged Beasts ($BEASTS) will give investors a chance to earn passive income with its innovative crypto referral program.
Ethereum: Earn Passive Income By Staking
Staking is a popular way to earn passive income in the crypto world, especially for users planning to buy and hold crypto for the medium to long term. Ethereum is one of the top crypto platforms offering users the option to stake their crypto. To stake ETH, users have to lock a minimum of 32 Ether and earn a staking reward of around 6%.
Users were previously unable to unlock their staked crypto. However, following the Shanghai upgrade in March of this year, users can now withdraw their locked Ether. When the Shanghai upgrade first took place, users were worried that the rush to withdraw their crypto would cause ETH to drop in price as over 1 million ETH was withdrawn. However, the blockchain has been seeing a lot of staking activity since the upgrade, reaching its highest level in the past two and a half years.
Solana: User-Friendly Staking
Staking Ethereum is a relatively easy and user-friendly experience, but Solana makes the process even easier. If users stake their SOL on Coinbase, for example, they instantly start to earn interest. Users can also sell or trade their Solana tokens at any time they like, while Ethereum has only just integrated this feature.
On average, Solana users will earn 4.5%-5.5% rewards on their holdings, and there is also no minimum investment or expertise required to stake Solana, but the more you stake, the more rewards you’ll receive.
Caged Beasts: The Referral Crypto With Exciting Opportunities
Caged Beasts is only just at the beginning stages, with presale coming soon, and it’s making its mark on crypto with innovative features, including the chance to earn passive income. It’s a unique community token, and Caged Beasts symbolises caged liquidity because the project is committed to decentralisation and security. As part of this commitment, 75% of the token supply is locked until the release date.
During the presale stage, Caged Beasts will offer a referral program, allowing users to earn passive income. Each user will be able to create their own referral code, and when someone makes a deposit in ETH, BNB or USDT, the user who owns the code will instantly receive 20% of the deposit to their wallet. The investor who uses the referral code will also get 20% more $BEASTS tokens, so everyone wins!
Caged Beasts presale is coming soon, and users can register their email on the Caged Beasts website to find out more. This captivating new coin offers some very impressive features, including the unique opportunity to earn passive income.
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