The world of crypto is one of endless possibilities. During the early days of Bitcoin, these digital assets were thought to be just mediums of exchange, and there was no other utility in sight for them.
But the popularisation of the proof of stake consensus mechanism has added a whole new dimension to cryptos in their quest to replace fiat currencies. Staking has opened up the possibility to earn passive income with cryptos, and one of the most popular options in the space is the Cosmos (ATOM) token. Joining ATOM with attractive annual yields is the UNUS SED LEO (LEO).
But earning passive income with crypto is no longer limited to staking. Caged Beasts (BEASTS), a meme coin gearing up for presale, has introduced a unique referral scheme that can trump staking rewards provided by other networks. This article will delve into the potential of staking ATOM and LEO. It will also explore the referral programme that BEASTS offers.
Staking Cosmos: The Possibilities of the “Internet of blockchains”
The Cosmos network is known as the “Internet of blockchains,” as it allows the exchange of data across various blockchains. Staking ATOM is a solid method to earn passive income, with its annual yield reaching up to 9.7%. ATOM’s staking returns make it an attractive option for long-term rewards.
By staking ATOM, users can become active participants in the network and gain decision-making authority. This enables them to vote on important decisions on the Cosmos ecosystem. The network also allows staking rewards to be claimed at any time, making it more attractive with its flexibility.
Utility in the Bitfinex Ecosystem Powers the UNUS SED LEO
UNUS SED LEO (LEO) stands out as a promising cryptocurrency that offers staking opportunities with potential Annual Percentage Yields (APY) exceeding 21%. Staking LEO tokens is also a safe option as it does not depreciate due to their deflationary nature. The network regularly buys back a certain amount of LEO to burn to maintain the token’s value, making LEO an asset that can beat downward market trends.
A major advantage of staking LEO is its utility within the Bitfinex exchange. LEO tokens can be used to pay for trading fees in the exchange, giving it organic utility. Also, holding UNUS SED LEO can gain holders discounts on trading fees, making it an attractive asset for regular traders on the exchange.
Caged Beasts Gears UP to Revolutionise the Crypto World
Caged Beasts, a meme coin gearing up for presale, offers a unique referral program that offers better rewards than staking. Each holder of BEASTS gets a personalised referral code and can share it with friends and family. When someone buys using this code, and the user who owns it receives an instant 20% of the deposit in ETH, BNB, or USDT to their wallet. Meanwhile, the new user will get a 20% bonus on their purchase. The referral system is a creative approach to driving brand awareness and community engagement.
The project’s openness about its liquidity policy is another promising aspect. With 75% of tokens reserved for the presale and the rest allocated for marketing efforts, Caged Beasts demonstrates transparency, instilling confidence in potential investors.
The Final Take
The Cosmos network and UNUS SED LEO offer attractive returns on staking their respective tokens. Staking the tokens also make their networks safer and thus result in value addition. But Caged Beasts unique referral program presents an alternative way to earn passive income. BEASTS offer of 20% rewards trumps staking returns offered by LEO and ATOM and can push its presale to the top of the table.
For more about Caged Beasts (BEASTS):
Website: https://cagedbeasts.com
Twitter: https://twitter.com/CAGED_BEASTS
Telegram: https://t.me/CAGEDBEASTS