This is a sponsored article.
Thanks to the crypto revolution, there are now many ways to make passive income online. If you’re wondering what passive income is, Ethereum (ETH), Polkadot (DOT) and Caged Beasts (BEASTS) offer some enticing options.
Staking cryptos like Ethereum (ETH) and Polkadot (DOT) can help users attain compound gains, especially in the crypto bull market. But if you’re looking for an exciting twist, a new meme coin, Caged Beasts ($BEASTS), has introduced an innovative referral program that enables you to earn passive income as well.
Caged Beasts is an upcoming crypto project with an intriguing backstory. The story revolves around Rabbit 4001, who creates Caged Beasts to help reclaim the world from humans and introduce a new decentralised financial system. During each stage of the presale, a new beast will be unveiled, increasing excitement as they grow from babies into formidable creatures.
Caged Beasts also offers a revolutionary crypto referral system giving users a chance to earn passive income. Throughout the presale, every user will be able to create their own referral code to give out to family, friends and anyone else.
When someone uses this code, the owner receives 20% of that deposit in ETH, BNB or USDT straight to their wallet, which they can then spend. Plus, the investor that used the code will receive 20% extra of $BEASTS tokens. This unique referral system helps each user to make passive income while promoting an expansive community.
Staking has become a popular way to earn passive income with proof-of-stake cryptos. By staking crypto, you can earn compound gains as you earn passive income on top of your original investment. By staking DOT, you contribute to the Polkadot network’s security while also earning rewards in the form of DOT tokens.
These rewards are distributed to validators in proportion to the amount of DOT they have staked and the duration of their staking period. Staking DOT offers an annual percentage yield of (APY) around 12%-16.6%, depending on the exchange or blockchain used. So, if you’re anticipating a bullish market or upward trend, staking DOT presents an excellent opportunity to earn passive income with reduced risk.
As the second biggest crypto of all time, Ethereum is the most staked crypto with some appealing staking rewards on offer. Ethereum’s staking works a bit differently to Polkadot as it follows a curve.
As more ETH is staked, the APY decreases, currently standing at around 5%. Different forms of staking also offer different rewards. For example, staking through a centralised exchange is a good option for holders of smaller amounts of ETH because it is more accessible, but you can earn the highest rewards by running your own validator node.
There are many avenues to earn passive income online with crypto. While staking on platforms like Ethereum and Polkadot has become increasingly popular as investors seek passive income streams, Caged Beasts is an innovative meme coin, offering a revolutionary new tactic to earn passive income while fostering a strong community.
For more about Caged 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.