In this piece, we will investigate whether Caged Beasts ($BEASTS), a new player in the market, offers a higher passive income capable of surpassing the passive income potential from Ethereum (ETH) or Chainlink (LINK) staking. We will explore the different passive income investment options along with their potential yields, shedding light on the exciting opportunities in the crypto industry.
Staking Options: Ethereum and Chainlink
Ethereum and Chainlink have become popular choices for earning passive income through staking. Ethereum 2.0’s staking mechanism allows users to secure the network and earn rewards by locking up their ETH. Similarly, Chainlink’s staking system involves validators locking up LINK tokens as collateral to ensure the integrity of the oracle network. The staking yields of both Ethereum and Chainlink vary depending on factors like network demand and the amount staked.
To stake Ethereum, users typically need to deposit 32 ETH, which is equivalent to around $60,000. However, this significant initial investment can be circumvented by utilizing staking pools. These pools enable individuals to participate in staking with a smaller amount of ETH. By staking ETH, users can potentially earn an annual yield ranging from 5% to 10%, with expectations of it rising to 8% in the near future. It’s important to note that becoming a validator currently involves a waiting period of 45 days, and time is valuable in this case.
On the other hand, staking Chainlink requires users to meet certain prerequisites. This includes holding 1 LINK token on the Ethereum mainnet in a self-custodial Web3 wallet or hardware wallet, as well as having enough ETH to cover transaction fees. Staking LINK involves creating a node and offers a reward of 5% annually. In summary, both Ethereum and Chainlink offer opportunities for earning passive income through staking.
Caged Beasts Referrals: A Unique Approach
Caged Beasts has introduced an exciting referral program during its presale stage, and it’s an opportunity you won’t want to pass up. With this program, every user can create their own unique referral code. When someone else purchases Caged Beasts tokens using the unique referral code, the owner of the referral code will instantly receive 20% off their deposit (in ETH, BNB, or USDT) directly to their wallet, allowing them the freedom to spend, withdraw, or use the funds as they wish. It’s an immediate reward for sharing the Caged Beasts’ experience with others.
But that’s not all! The investor who uses someone else’s referral code will also benefit from this referral scheme. They will receive an additional 20% of $BEASTS in addition to their purchase, creating a win-win scenario for all parties involved. By participating in the Caged Beasts referral program, you not only have the chance to earn instant rewards, but it also opens up possibilities for higher returns and trading opportunities. The immediate access to the tokens received through the referral program allows you to take advantage of market conditions and make strategic decisions to maximize your gains.
Comparing Passive Passive Income Investments:
In order to assess whether Caged Beasts offers a more advantageous passive income investment compared to staking Ethereum and Chainlink, various factors must be taken into account. Staking Ethereum and Chainlink generally provide a predictable and relatively stable return based on the associated staking yields.
These yields can range from a few percentage points to double-digit figures, depending on the token and staking platform. However, it’s important to note that when staking, you are unable to trade your assets, especially if their value unexpectedly increases or declines.
In contrast, the Caged Beasts referral program offers an immediate 20% bonus on the referred investment. This creates the potential for higher short-term returns. However, it is important to exercise caution as the sustainability and long-term profitability of referral programs can vary, depending on the project’s growth and success.
While Ethereum and Chainlink have demonstrated their reliability as passive income options, the Caged Beasts referral program presents an intriguing alternative. The immediate 20% bonus on investments made through the referral program may offer higher short-term returns. However, the long-term profitability and sustainability of referral programs depend on market dynamics and the project’s success.
Find Out More About Caged Beasts:
Website: https://cagedbeasts.com
Twitter: https://twitter.com/CAGED_BEASTS
Telegram: https://t.me/CAGEDBEASTS