While the cryptocurrency industry is known for its innovation, over the past few years it has built an identity for itself as an avenue to generate income and rewards. With new incentives and opportunities constantly popping up, passive income has become an appealing option.
Avalanche (AVAX) and Polkadot (DOT) provide easy avenues through staking, while Caged Beasts (BEASTS) is offering a new way to earn passive income with an innovative crypto referral scheme that allows not only you, but your friends to earn passive income.
What Is Passive Income?
Simply put, passive income is a steady flow of income earned without the need for active work, and crypto has made this process easier than ever. In particular, staking crypto has become a very popular method for earning passive income online.
On proof-of-stake networks, staking involves locking crypto tokens in a blockchain wallet. By doing so, participants contribute to the network’s operations, security and consensus mechanism. Those who stake can earn various rewards in the form of additional tokens, generating passive income on top of their initial investment.
Staking Crypto: Earn Passive Income With Avalanche and Polkadot
Known for its lightning-fast transaction speeds, support for multiple blockchains, and impressive lineup of features like smart contracts, DeFi, and NFTs, Avalanche has become an attractive investment option.
On top of these features, Avalanche offers some of the highest staking rewards. By staking AVAX, holders can earn annual rewards of around 8%. While generating passive income, staking AVAX also helps to secure the platform and validate transactions.
Polkadot is another proof-of-stake cryptocurrency, offering one of the most user-friendly experiences in the market. Polkadot’s strategies have eliminated the high barriers of entry in crypto, allowing a wide range of users to benefit from its high growth potential.
Polkadot is also regarded as one of the top staking platforms due to its high rewards. Users have to commit their funds for a minimum of 120 days, but investors can earn annual returns of around 14% on average. While generating passive income, users who stake their AVAX also contribute to the network’s security.
Caged Beasts: Releasing a New Avenue for Passive Income
While staking crypto has become an increasingly popular way to make passive income online, Caged Beasts is offering a new and innovative way to generate passive income. Caged Beasts is a new meme coin project that will launch presale very soon, and throughout presale users will be able to generate passive income with a referral program.
Each user can make their own referral code, and when someone uses the code, they will receive 20% of that deposit straight to their wallet. Additionally, the investor who used the code will receive 20% extra BEASTS tokens, so both parties generate passive income.
While in the very early stages, Caged Beasts is attracting investors with its innovative features. The project is completely transparent and committed to security with 75% of the raised funds being locked away until the release date.
With a community focus, Caged Beasts will also cultivate a reliable community feel, where every investor benefits. Presale is set to start very soon, so register your interest now to stay ahead of the game and start earning passive income!
Making passive income online has become an increasingly attractive option for crypto investors. While staking crypto has been the most popular method for earning passive income, Caged Beasts is setting a new trend with its innovative crypto referral scheme.
For more about Caged Beasts (BEASTS):
Website: https://cagedbeasts.com
Twitter: https://twitter.com/CAGED_BEASTS
Telegram: https://t.me/CAGEDBEASTS
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