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When the bulk of cryptocurrencies transitioned from a proof-of-work to a proof-of-stake, a new option to earn passive income from cryptocurrency arose called staking. Crypto investors who helped provide liquidity for premium altcoins could earn returns in the form of tokens, similar to savings deposits in banks.
Staking remains a popular way to make money from crypto. According to Coinbase, 16% of all ETH is staked which is 19.7 million tokens in total, a considerable amount when you factor in Ethereumâs price. But with new cryptocurrencies emerging every day, there are now more ways to make money from cryptocurrency than before.
Referral rewards are now increasingly popular with Binance and OKX offering a bonus to people who can get their friends to deposit money in these respective exchanges. A new cryptocurrency called Caged Beasts is in the first stage of its presale and to help grow a strong crypto community, is offering referral rewards.
Caged Beasts Trumps Most Staking Investments With A 20% Referral Reward
Caged Beasts is a new meme coin that entered the presale market recently, raising $53,840. Meme coins usually are focused on giving back to the community that supports them and Caged Beasts is no different. Experience an immersive, interesting storyline with Caged Beasts that centers around Rabbit Hyde, one of the most dangerous creations in Jekyllâs secret lab.
To help incentivize the growth of the Caged Beasts clan of loyal supporters and reward crypto investors who were there from day one, the meme coin has a referral system in place. For every successful referral brought in, you can expect to earn 20% in USDT, BNB, and ETH through your own unique referral code. To help provide liquidity, the meme coinâs ecosystem has also locked up 30% of funds to help reduce volatility when the coin is listed on exchanges for public trading.
Tether Maintains A Competitive Staking Rate
Created in 2014, Tether wants to revolutionize the way fiat currencies are used. The cryptocurrency maintains a 1:1 peg with the U.S. dollar and maintains ample reserves of the currency to make this happen.
Tether supports more currencies than just the U.S. dollar including the Peso, Yuan, and the Euro. To help maintain transparency, the cryptocurrency keeps public records of the total tokens issued and available reserves. According to Staking Rewards, Lending Tether nets you a neat reward of 4.92%.
Avalanche Sits In The Top 10 Cryptos By Staking Market Capitalization
Avalanche is a premium altcoin functioning on a layer 1 blockchain. The cryptocurrency is positioned as a rival to Ethereum with features like a transaction output of 6,500 transactions per second without compromising scalability. It is also one of the most staked tokens according to Staking Rewards with a premium reward of 7.51%-8.02%.
Sign Up With One Of The Best Crypto Referrals Out There
For simply making referrals, Caged Beasts offers a reward of 20% in some of the most liquid cryptocurrencies in the game. Crypto enthusiasts could easily make a neat profit and easily convert their gains into dollars or their respective currencies. Visit the website here to sign up.
Caged Beasts
Website: https://cagedbeasts.com
Twitter: https://twitter.com/CAGED_BEASTS
Telegram: https://t.me/CAGEDBEASTS
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.