This is a sponsored article.
Staking crypto is one of the best ways to earn passive income with attractive yields and huge future potential. Holders have the option to stake tokens on networks like Ethereum or with exchanges or service providers like Binance and Ledger. Binance is one of the largest staking service providers in the crypto world. The exchange has stated that it will increase staking limits on popular tokens Cosmos (ATOM) and Polkadot (DOT) as the exchange is looking to attract more users to staking assets on its network. The news was welcomed by the above token communities.
Cosmos: Facilitating Interblockchain Communication
Beyond staking, the crypto world offers not much in terms of earning passive income. But no more, Caged Beasts Coin (BEASTS), a new project in presale, wants to change the crypto landscape with its unique referral program. Read on to find out more about the possibilities of staking ATOM and DOT, and explore the Caged Beasts Coin project to answer all your questions on how to earn passive income in 2023.
Cosmos is a blockchain project designed to address significant challenges faced by the blockchain industry. With its modular design and Interblockchain Communication protocol, Cosmos simplifies the development of decentralised applications (dApps) and ensures secure data transfer between blockchains. Furthermore, Cosmos adopts a proof-of-stake consensus mechanism, making it more energy-efficient compared to other blockchains.
One of the primary attractions of Cosmos is its high staking rewards, offering an average annual percentage yield (APY) of up to 9%. This makes Cosmos an enticing option for investors seeking passive income. By staking their tokens, users can actively participate in securing the network while earning rewards based on their holdings. The simplicity and potential returns of Cosmos staking contribute to its appeal among cryptocurrency enthusiasts.
Polkadot: Revolutionising Interoperability and Scalability
Polkadot is a blockchain protocol that facilitates the seamless connection of independent blockchains, enabling them to communicate and share data. This novel approach results in the creation of a decentralised web of interconnected blockchains, commonly referred to as “Web3.”
Polkadot consists of two main components: the relay chain and parachains. The relay chain serves as the primary blockchain, coordinating the network and providing security for the parachains. Parachains, on the other hand, are independent blockchains connected to the relay chain, serving various purposes such as dApp execution, data storage, and token issuance. The network’s utility token DOT is a great asset for investment with its staking capabilities. The network yields and average staking rewards 6 to 19% making it one of the best ways to make money online.
Caged Beasts Coin: The Best Answer to How to Earn Passive Income in 2023
Caged Beasts Coin, a meme coin in presale, stands out with its unique referral program, which has the potential to revolutionise passive income generation with cryptocurrencies. By utilising a referral code, Caged Beasts Coin investors can earn immediate rewards. When a new investor makes a deposit using a referral code, the code owner receives 20% of the deposit in ETH, USDT, or BNB, while the new investor enjoys an additional 20% in $BEASTS tokens. These rewards are instantly credited to the holder’s wallet, ensuring a seamless and convenient experience.
Furthermore, Caged Beasts Coin’s referral program offers unlimited income potential, as users can continue to earn rewards as long as their referrals contribute to the platform. The program’s exceptional reward rate of 20% positions it as a high-performance asset in the cryptocurrency space. Additionally, Caged Beasts Coin’s open liquidity policy, with 75% of tokens reserved for the presale and the remaining allocated for marketing efforts, easily makes it the perfect answer to How to Earn Passive Income in 2023.
In conclusion, Cosmos, Polkadot, and Caged Beasts Coin offer distinct opportunities for earning passive income in the crypto industry. Cosmos stands out for its modular design, secure data transfer, and high staking rewards. Polkadot excels in providing interoperability, scalability, and robust security through its relay chain and parachains. Caged Beasts Coin introduces a unique referral program, allowing users to earn immediate returns and unlimited income potential.
To Know More About Caged Beasts Coin:
Website: https://cagedbeasts.com
Twitter: https://twitter.com/CAGED_BEASTS
Telegram: https://t.me/CAGEDBEASTS
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.
