Passive income has become a sought-after goal in the world of cryptocurrencies, providing investors with the opportunity to earn rewards while holding their assets. And by passive income, we refer to income that requires minimal work and/or resources.
If this tickles your fancy, look no further than Ethereum (ETH), Binance Coin (BNB), and Caged Beasts (BEASTS).
Staking with BNB and ETH offers reliable ways to generate passive income. However, BEASTS, a captivating meme coin, introduces an alternative method through its groundbreaking referral program that may pay investors more.
What is Staking and how does it work?
Staking is simply the way in which cryptocurrency owners voluntarily participate in validating blockchain transactions or making sure that the ledger totals up.
The blockchain network’s computers, frequently with the help of third-party staking services, perform the checking rather than human beings. In exchange, validators receive a portion of the transaction fees or newly minted cryptocurrencies.
Validators that participate in the validating process are temporarily unable to utilise their participating cryptocurrency.
Referral-Based Profit unleashed with Caged Beasts
In an era where staking and holding are the major routes to earning more with cryptocurrencies, Caged Beasts has stepped into the scene with an exciting alternative to traditional staking through its groundbreaking referral program.
By investing in BEASTS, users gain access to the option to create a special code to share with friends and family. The code revolutionises referral incentives in the cryptocurrency field and offers the possibility for profitable engagement when utilised, rewarding both the code developer and the new investor with a 20% bonus.
25% of the money received from pre-sales will be used for marketing, while the remaining 75% will be locked away for liquidity.
Ethereum – Staking with the King of Smart Contracts
Ethereum, the world’s leading blockchain platform, is transitioning from a proof-of-work to a proof-of-stake consensus mechanism. By staking ETH, investors contribute to the network’s security and consensus, earning passive income through staking rewards.
What portion of Ethereum merits staking? For validators who don’t use MEV-Boost, the typical ETH staking APY is around 4%. Validators with MEV-Boost turned on typically achieve 5.69%.
With Ethereum’s significant role in decentralised finance (DeFi) and the booming NFT market, staking ETH aligns investors with the future of blockchain technology.
Binance Coin – Staking with the Binance Beast
Binance Coin, the native cryptocurrency of the Binance exchange, offers staking opportunities to its holders. By staking BNB, investors participate in the Binance Smart Chain’s proof-of-stake consensus mechanism, contributing to network security and governance.
In return, stakers receive passive income in the form of staking rewards, encouraging long-term holding and engagement within the Binance ecosystem.
For users, Binance Staking assumes all cutting risks. This guarantee states that a user will receive back the exact number of tokens they invested. The staked tokens’ currency value, however, is subject to change, and you might not be able to recover any losses.
Final Takeaway
Staking with Ethereum or Binance Coin is a grounded way to generate passive income and is becoming more common due to the popularity of the coin. However, Caged Beasts’ referral system offers a unique and potentially more lucrative opportunity. But the choice is yours! And there’s nothing stopping you from going for all three. The more profit, the better.
So, venture forth, stake or refer, and unlock the potential of your crypto investments!
More information on Caged Beasts Below:
Website: https://cagedbeasts.com
Twitter: https://twitter.com/CAGED_BEASTS
Telegram: https://t.me/CAGEDBEASTS
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WARNING: The investment in crypto assets is not regulated, it may not be suitable for retail investors and the total amount invested could be lost
AVISO IMPORTANTE: La inversión en criptoactivos no está regulada, puede no ser adecuada para inversores minoristas y perderse la totalidad del importe invertido
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