The cryptocurrency industry is undergoing significant changes as it strives to establish itself as a leading global financial center. Within this context, several crypto projects are actively exploring ways to generate passive income for their token holders.
In particular, the growing popularity of proof-of-stake algorithms has paved the way for staking to emerge as a favored method of earning passive income within the crypto space. Due to their robust ecosystems and network fundamentals, Solana (SOL) and Ethereum (ETH) have gained considerable traction in the betting arena.
While staking remains a popular option, other potential avenues for passive income are looming. caged beasts (CATTLE), a meme coin currently in its pre-sale phase, has introduced a referral program that can potentially disrupt existing SOL and ETH models.
This article explores the possibilities and potential benefits of staking SOL and ETH while examining the emerging insights presented by the BEASTS referral program.
Solana’s staking prowess is its advanced blockchain
Solana is widely recognized as a blockchain platform that offers exceptional speed, making it a popular choice among cryptocurrency enthusiasts for engagement purposes. Through SOL staking, token holders can actively participate as validators within the network, thus improving its security and reliability. Additionally, staking SOL presents an attractive opportunity for holders to earn Annual Percentage Yields (APYs) ranging from 5% to 7%.
By participating in Solana staking, token holders contribute to the overall security and scalability of the network and potentially contribute to the upward movement of the SOL price, thereby creating more staking opportunities for the community. Also, the low transaction fees of the platform make it a favorable option for people who are looking for passive income. Given Solana’s utility in decentralized finance (DeFi), staking SOL can be perceived as a relatively safe investment, as the token is expected to maintain a constant level of demand within the network.
Staking ethereum: the promise of the largest cryptographic network
Ethereum, the second largest cryptocurrency by market capitalization, offers staking to generate passive income for its holders. Staking ETH yields an APY of around 4.5%, which can make it a source of passive income in the crypto world. ETH staking allows investors to possibly earn ETH by validating transactions on the network.
With its dominant role in DeFi, Ethereum offers ample opportunities for staking, especially with an expected increase in transactions. Staking ETH can be attractive due to the stability and liquidity of the network. After the merger update, ETH has become the most staked cryptocurrency asset, with a staked market cap of $35.6 billion and 16% of ETH currently staked.
Caged Beasts Reference Schematic
Caged Beasts, a pre-sale meme coin, has potentially upended the passive income generation models of the crypto world with its referral scheme. The project offers a referral program where each holder gets a code. When someone uses this code to join the network, the code owner instantly receives 20% of the deposited amount in ETH, BNB or USDT directly to their linked wallet. Meanwhile, the new investor gets a 20% bonus from BEASTS.
Caged Beasts’ liquidity policy, with 75% of tokens reserved for pre-sale and the remaining portion dedicated to marketing efforts, adds to the credibility of the project.
With the promise of 20% returns, the BEASTS referral program presents a method of earning passive income that has the potential to exceed the income offered by its peers through participation.
end view
Staking can be an option for passive income from cryptocurrencies, and ETH and SOL are the strongest platforms for staking. With their utility-driven ecosystems and projects, ETH and SOL are, as the data shows, the preferred platforms for earning attractive passive income from cryptocurrencies. But the BEASTS referral program may be a better way to generate passive income from crypto assets. The transparent program and policies of the project could enhance its pre-sale.
For more information on BEASTS:
Website: https://cagedbeasts.com
Twitter: https://twitter.com/CAGED_BEASTS
Telegram: https://t.me/CAGEDBESTS
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