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Crypto became famous at the start of this decade due to the different ways it allowed investors to earn an income at a difficult time for literally everyone in the world. Even with us transitioning from the pandemic, crypto still acts as a perfect alternative to passively generate income. The ways to earn from crypto don’t end at buying and holding though, there are also many incentives that come with being a token holder, such as referral codes and staking.
This article will cover three cryptos that offer exactly those and which may be better for you as an investor: the revolutionary meme coin newcomer Caged Beasts ($BEASTS) lucrative referral system VS staking with established top cryptos Ethereum (ETH) and Solana (SOL).
A brand new meme coin presale called Caged Beasts aiming to transform crypto presales by making them more thrilling than before. While presales frequently include bonus codes and contests to entice new investors to keep investing, Caged Beast seeks to take a different approach. In keeping with the project’s distinctive ethos, Caged Beasts’ owners will be able to gather and train a new weird creature for each stage as they go through the game, providing them with motivation other than financial reward to keep playing.
One of the reasons there has already been a lot of excitement about this potential endeavour is the referral scheme. You can use your personal referral code to encourage family and friends to join the Caged Beasts community. Participants are able to create their own referral codes, which when used to deposit ETH, BNB, or USDT, add 20% of the amount put to the code holder’s wallet immediately. Additionally, 20% more BEASTS tokens will be awarded to the investor who uses the referral code.
Ethereum is, and has been for years, at the top of the crypto market – second only to Bitcoin, the original crypto itself. It popularized blockchain networks as well as expanded on the capabilities of the blockchain in general, introducing applications that are now essential to crypto, such as smart contracts. Solana has established itself as a favourite among investors in just 3 years since its launch in 2020, quickly rising to rank within the top 10 cryptos in the world. Created to be a direct rival to its primary inspiration Ethereum, Solana made sure to focus on the areas Ethereum was lacking in, such as transaction speeds.
Interested investors can stake less than the set 32 ETH required to become a validator on Ethereum. Those who possess all 32 ETH can choose solo staking, which is the best approach to increase network decentralization and is essentially the gold standard for Ethereum. Those who lack the gear required to stake their cryptocurrency but have the 32 ETH required to become validators can use staking as a service.
Solana’s staking has been honed to an exact science, taking into account both internal and external factors. Token holders can stake their tokens for validators on the Solana Mainnet Beta. Solana’s staking rewards depend on several variables, including the amount of SOL staked on the network, the uptime of each validator, the commission rate, and the current inflation rate.
Referral programs typically aim to increase a platform’s user base by encouraging users to invite others. Users can use them to find a way to profit from the trading actions of their referrals. The goal of staking, on the other hand, is to generate passive income by taking part in network activities and securing your tokens.
In the case that referral schemes are your preferred avenue for passive income, keep Caged Beast on your radar. Its presale will start in a matter of weeks and once it does, things will start moving fast. If you’re looking to earn 20% in ETH/BNB/USDT, simply head on over to the website for Caged Beasts and get involved before it’s too late!
Find out more about Caged Beasts (BEASTS):
Disclaimer: This content is not a part of NFTgators’ editorial content and is not an investment advice. Do your due diligence before making any decision.