How to Make Passive Income: Comparing Staking Yields with Cosmos and Avalanche to the Referral Scheme of Caged Beasts

The post How to Make Passive Income: Comparing Staking Yields with Cosmos and Avalanche to the Referral Scheme of Caged Beasts appeared first on Coinpedia Fintech News

In a world where many believe that cryptocurrency success is solely reliant on luck and timing, there are, in fact, alternative methods to generate wealth and passive income. This article aims to explore two popular methods: staking yields with Cosmos ($ATOM) and Avalanche ($AVAX), along with the innovative referral scheme offered by Caged Beasts ($BEASTS). The unfortunate truth remains, though, then wealth generates wealth, and, in this scenario, crypto generates passive income in the form of crypto.

Cosmos ($ATOM): The Staking Powerhouse

Cosmos is not just another cryptocurrency. It offers a unique ecosystem that aims to create an interoperable network of blockchains. Established in 2019, Cosmos enables seamless communication and transfer of assets between different chains, enhancing scalability and efficiency. One way to earn passive income with Cosmos is through staking. By staking your $ATOM tokens, you contribute to the network’s security and consensus mechanism. In return, you receive staking rewards. The current staking yield for Cosmos is about 6.12% in exchange for 365-day staking, making it an attractive option for those seeking consistent returns with a minimum investment of 1 $ATOM token.

Avalanche ($AVAX): The Rising Star

Avalanche is a rapidly growing blockchain platform that has gained attention for its speed, scalability, and compatibility with Ethereum. With its unique consensus protocol, Avalanche offers fast transaction confirmations and low fees. The platform supports various decentralized applications (dApps), including NFTs and decentralized finance (DeFi). Similar to Cosmos, Avalanche provides an opportunity for passive income through staking. By staking $AVAX, users participate in the network’s security and consensus, earning staking rewards. The current staking yield for Avalanche is about 8%, making it a competitive choice for investors looking to grow their crypto holdings. However, 25 $AVAX tokens are required, which translates to an investment of $450 for a return of $36 annually.

Caged Beasts ($BEASTS): Referral Scheme & Passive Income

Now, let’s shift our focus to Caged Beasts, a new player in the crypto world with a different approach to generating passive income. Caged Beasts introduced a referral scheme that allows users to earn income by referring others to invest in the project. When someone uses your referral code to invest, you receive 20% of their deposit instantly in ETH, BNB, or USDT back to their linked wallet. Simultaneously, the investor using the referral code receives an additional 20% $BEASTS tokens in addition to their investment, creating a win-win situation. That is at the core of the Caged Beasts’ core tenets – to take care of its community.

Caged Beasts aims to captivate its community through a creative and inclusive ecosystem. The project emphasizes transparency through a visible ledger of locked funds and dedication to animal welfare. A portion of the profits generated by Caged Beasts is allocated to charities combating animal cruelty, integrating growth with impactful giving. With its caged liquidity metaphor, 75% of all $BEASTS tokens stay securely locked up and ready to be distributed post-launch! Get in early, and watch your $BEASTS grow.

Comparing the Passive Income Opportunities

When considering these passive income opportunities, several factors come into play. Staking with Cosmos and Avalanche offers a more traditional approach to generating passive income – it, however, requires an investment in locking up tokens for a year. Users contribute to the network’s security and consensus and receive staking rewards in return. These options provide a sense of stability and align with the established norms of the crypto world. On the other hand, Caged Beasts’ referral scheme introduces an innovative way to earn passive income. It leverages the power of community and networking, rewarding both the referrer and the investor. This approach fosters a sense of mutual support and benefits within the Caged Beasts community.

Conclusion

In the world of cryptocurrency, finding avenues for passive income is crucial. While staking with Cosmos and Avalanche offers stability and predictable returns, Caged Beasts present an alternative path through its referral scheme. Each approach has its unique merits and appeals to different types of investors. Cosmos and Avalanche cater to those seeking long-term staking opportunities with established projects. On the other hand, Caged Beasts capture the attention of investors who appreciate creative projects, community involvement, and the potential for growth through referrals. To explore the staking opportunities with Cosmos and Avalanche, visit their respective websites. For those intrigued by Caged Beasts and the potential of its referral scheme, be sure to check out their presale and website for more information.

Caged Beasts

Website | Twitter | Telegram