Place/Date: - June 2nd, 2023 at 8:37 pm UTC · 3 min read
Source: Caged Beasts
Crypto enthusiasts are well aware of the potential crypto trading has to generate profits, but there are many more ways to earn passive income in the crypto space. Staking has become a popular way to earn passive income, which Avalanche (AVAX) and Chainlink (LINK) offer. The new crypto meme coin Caged Beasts ($BEASTS) will offer a unique referral program for users to earn passive income.
Staking has become a popular method for earning passive income in crypto. Avalanche, a rapidly growing blockchain platform offers a simple and accessible staking feature. By staking your AVAX tokens, you not only contribute to the network’s security and efficiency but also earn interest on your holdings.
One of the best parts of this feature is that you don’t need any specific mining equipment. Staking AVAX can reward users with an APR ranging from 11.25% to 15.24%. This is a great way for holders to passively grow their investment, especially for long-term holders.
In addition to staking, Chainlink offers an exciting option to earn passive income. By running a Chainlink node, you can secure the network and receive rewards in the form of LINK tokens. Chainlink’s staking system enhances the security of its Oracle network as validators are required to lock up Chainlink tokens as collateral, discouraging dishonest behaviour and ensuring the network’s reliability.
So, by participating in staking, users gain passive income while also helping to maintain the integrity of the network. The estimated annual return for staking LINK tokens is around 5%. This return is generated through a combination of fees paid by users of Chainlink’s data feeds and emissions from the treasury reserve. The more the Chainlink network grows, the higher your potential rewards.
Caged Beasts is taking a different approach to passive income, offering a referral program during its presale stage. Every user can create their own referral code and invite others to invest in the project. For every person who joins using your code, you receive 20% of their deposit (in ETH, BNB, or USDT) directly to your wallet as spendable funds. The person using your referral code also receives 20% more $BEASTS tokens, so everyone benefits. This not only incentivises community participation but also helps the project to grow and develop.
While trading is a popular way to earn profits in the crypto world, there are other exciting avenues for passive income. Staking in Avalanche and running a Chainlink node provide stable and predictable returns, while the Caged Beasts referral program offers a unique and community-driven approach. The Caged Beasts presale will start very soon, and you can register your email on the website to receive regular updates.
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