Achieving a passive income is like finding a tranquil oasis in the desert of financial uncertainty. It’s the kind of blissful state that allows us to sleep soundly, knowing our money is growing while we peacefully snore away the night.
However, attaining such a passive income is no walk in the park. It often comes with its own set of conditions and challenges. As we tirelessly type away at our keyboards, desperately seeking that elusive stream of passive income, our ultimate goal is to discover an opportunity that offers stability, profitability, and minimal risk. In the world of cryptocurrencies, there are a few standout options for passive income, including Ethereum (ETH), Tether (USDT), and Caged Beasts (BEASTS).
ETH’s Flexible Alternative for Passive Income with Staking
The leading blockchain network, Ethereum, was once a target of hate by crypto communities for ditching the Proof-of-Work (PoW) mechanism where users on the blockchain can mine crypto. Now, with Ethereum’s Proof-of-Service (PoS) mechanism, it has become the arbiter of passive income cryptos—with crypto communities able to earn passive income with many crypto coins on the Ethereum network.
The PoS mechanism used validators to regulate the generation of crypto coins. To validate crypto, it meant users would have the option to lock their crypto into a pool to be validated, then would be handed back their crypto but with added interest for lending their crypto for the validating process—making it a passive income method.
The process known as staking, involves users locking their crypto into a pool for validation and receiving interest as rewards for lending their crypto. Staking allows users to earn passive income even from bearish cryptos, as when the market turns bullish, the staked crypto can be traded at all-time-high values.
A criticism of staking is that once you lock in your crypto to validate, you will not have access to the crypto until the validating process is complete. As a solution, Ethereum introduced liquid staking, enabling users to receive a liquid token version of ETH that can be traded while their ETH is being validated, providing flexibility and the ability to trade freely while earning passive income through staking.
Stable Passive Income with Stable Coin’ USDT?
The third-largest cryptocurrency after BTC and ETH is Tether (USDT) which has the largest market cap of any stablecoin at nearly $68 billion in January 2023. USDT was created to mirror the price of the U.S. dollar and has yielded the largest interest returns on staking compared to other leading cryptocurrencies—with USDT’s 8% APY compared to BTC’s 3% APY and ETH’s 4% APY.
New Passive Income Opportunity by Caged Beasts
Caged Beasts, the meme coin with an intriguing narrative and a strong community focus, takes users on a journey to understand the profound significance of these imprisoned creatures in the world of cryptocurrency. These caged beasts were born out of genetic animal mutations orchestrated by the enigmatic Dr. Jekyll, serving as a powerful force against the oppressive nature of centralisation in human society.
Caged Beasts thrives on community growth and the principles of decentralisation. The project actively engages its community through competitions, bonuses, events, and voting mechanisms. One notable perk that awaits Caged Beasts community members is the opportunity to earn passive income through the referral scheme.
By creating a unique referral code and sharing it with others, users can unlock a remarkable benefit. When someone utilises their referral, the code creator receives 20% of that deposit directly into their wallet. This additional income can then be withdrawn and spent as desired. Moreover, those who utilise these referral codes are also rewarded, receiving an extra 20% in BEAST tokens. This creates a mutually beneficial ecosystem within the community, fostering a sense of collaboration and shared success for all who participate.
Making Passive Income the Safe Way
While USDT provides the most significant interest returns on staking, and ETH gives users the greatest flexibility with staking, both are valuable options for passive income but with one major risk.
If a crypto you’re staking is depegged and the value tanks, then your interest return is gone. With cryptos rising fast and crashing hard often, it makes being locked to volatile assets to make a passive income a risky bet. This is where Caged Beasts’ referral scheme stands out as advantageous. By growing the crypto’s community through word of mouth, users can earn passive income without relying on volatile assets.
Find out more about Caged Beasts (BEASTS):
Website: https://cagedbeasts.com
Twitter: https://twitter.com/CAGED_BEASTS
Telegram: https://t.me/CAGEDBEASTS
