The mainstreaming of the crypto-based economy brings with it the possibility of earning passive income with crypto assets as is possible with fiat currencies. The emergence of proof-of-stake algorithms as the dominant consensus mechanism reflects the prominence of staking in the crypto market as a method to generate passive income.
One of the safest bets when it comes to staking is the USD Coin (USDC), a stable coin that is pegged to the US dollar. The Polygon network’s MATIC is also an attractive option to stake, with the network growing in prominence in the crypto sphere.
While staking is the preferred method to earn passive income, Caged Beasts (BEASTS), a meme coin in its infancy, has introduced a unique referral programme that can earn its holders passive income. This article will delve into the potential of earning passive income with USDC and MATIC. It will also delve into the possibilities of the referral program that BEASTS offers.
USD Coin – Stability and Reliability in the Crypto Space
As one of the leading stablecoins in the market, USD Coin (USDC) offers stability and reliability for crypto investors. Built on the Ethereum blockchain, USDC maintains a 1:1 ratio with the US dollar, providing users with a trusted digital representation of fiat currency. This pegged value ensures protection against volatility and allows for seamless conversion between cryptocurrencies and traditional fiat currencies.
USD Coin’s ecosystem has witnessed significant growth, with its circulating supply surpassing $28 billion recently. Its rising popularity can be attributed to its utility across various decentralised finance (DeFi) platforms and its integration with major exchanges. The token allows staking for securing the network and validating its transactions and rewards staked accounts with USDC. Staking USDC is a low-risk method and returns a 2% annual yield. The widespread adoption further solidifies USDC’s position as a stable and reliable digital asset in the crypto landscape.
Polygon – The Interoperable Blockchain
Polygon, formerly known as Matic Network, has emerged as a leading layer 2 scaling solution for Ethereum. By addressing Ethereum’s scalability limitations, Polygon aims to enhance transaction speeds and reduce fees, offering an efficient network for users. Its robust architecture enables developers to build high power decentralised applications (dApps) on its network that can communicate between different blockchains.
Polygon’s ecosystem has witnessed exponential growth, with an array of dApps and protocols being developed on its platform. This surge in activity has led to a value addition of its native token, MATIC.
The network allows staking MATIC and is a popular method to earn passive income among cryptos. The network lets holders stake their tokens to become validators on the network and offers a reward percentage of 4.9%, making it one of the most attractive staking options in the market.
Caged Beasts – Unleashing Animal Spirits into the Presale World
Caged Beasts, a meme coin gearing up for its presale, has garnered significant attention in the crypto community. What sets Caged Beasts apart is its innovative referral program, which allows holders to refer friends and family to the network.
Each user can create a personalised referral code, and if someone else buys using this code, the owner receives 20% of their deposit instantly in ETH, BNB, or USDT. This referral system incentivises user participation and also helps create strong community growth.
Caged Beasts’ transparency regarding its liquidity policy adds to its appeal. With 75% of tokens available for the presale, the project demonstrates its commitment to openness which is a welcome step amidst the opaqueness of some crypto projects.
The Last Take
Caged Beasts’ referral program and transparency surrounding its liquidity policy make it an intriguing project, with the potential for a successful presale and a vibrant community. BEASTS referral scheme also makes it a better alternative to staking USDC or MATIC, which are hamstrung with their limited earnings potential through staking.
For more about Caged Beasts (BEASTS):
Website: https://cagedbeasts.com
Twitter: https://twitter.com/CAGED_BEASTS
Telegram: https://t.me/CAGEDBEASTS
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
